Filed by Equitex, Inc. Pursuant to Rule 425 under the Securities Act of 1933

                                    Subject Company:  iGames Entertainment, Inc.
                                                  Commission File No.: 000-49723

                                                           FOR IMMEDIATE RELEASE

November 12, 2003

Thomas B. Olson, Secretary
(303) 796-8940

                            CHEX SERVICES SUBSIDIARY

Englewood, Colorado & Palm Beach Gardens, Florida - Equitex, Inc. (NASDAQ: EQTX)
announced today that its board of directors, after extensive deliberations and
consultation with its financial advisor, has determined that the unsolicited
offer received from iGames Entertainment, Inc. of Las Vegas, Nevada ("iGames")
for the purchase of Equitex's wholly-owned subsidiary, Chex Services, Inc.
("Chex"), is a higher and better offer for the Equitex stockholders than the
transactions contemplated by the previously announced agreement with Cash
Systems, Inc. Equitex therefore has executed a definitive agreement for the sale
of Chex Services to iGames.

Among other terms, the iGames agreement calls for iGames to issue to Equitex, in
exchange for all of the outstanding common stock of Chex Services, at least
62.5% of the issued and outstanding shares of iGames common stock having a value
of no less than $63 million upon distribution. The shares to be received will
follow the closing of iGames' previously announced merger with Money Centers of
America. In addition, the agreement calls for a $780,000 two year agreement
between iGames and Denaris, Equitex's stored value card subsidiary, to provide
various services.

As part of the agreement, Equitex will distribute to its stockholders, following
necessary stockholder and regulatory approval, and after consideration of
applicable expenses, that number of shares of iGames common stock required for
Equitex to hold less than ten percent of iGames outstanding common stock
following the transaction.

Closing of this transaction is subject to certain requirements including
necessary stockholder approval, closing of iGames' merger with Money Centers of
America, completion of final documentation, due diligence and other customary
pre-closing conditions.

At this time, the Equitex board of directors intends to place both of the
transactions before its stockholders and recommend that its stockholders approve
the iGames transaction.

This press release does not constitute an offer of any securities for sale.

Equitex, Inc. is a holding company operating through its wholly owned subsidiary
Chex Services of Minnetonka, Minnesota, as well as its majority owned subsidiary
Denaris Corporation. Chex Services provides comprehensive cash access services
to casinos and other gaming facilities. Denaris was formed to provide stored
value card services.
The statements included in this press release concerning predictions of economic
performance and management's plans and objectives constitute forward- looking
statements made pursuant to the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. These statements involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors which could cause or contribute to such differences include,
but are not limited to, factors detailed in Equitex's Securities and Exchange
Commission filings; completion of due diligence, shareholder approval,
regulatory approvals and certain other pre-closing conditions for all incomplete
merger or acquisition transactions; economic downturns affecting the operations
of Equitex, its subsidiaries or companies proposed for merger or acquisition;
the termination of previously announced acquisitions; delays or the inability to
obtain regulatory approvals for previously announced acquisitions; the inability
to initiate or complete any contemplated restructuring, offering, acquisition,
disposition or other transaction; adverse financial performance by Equitex or
any of its subsidiaries; failure to obtain or maintain regulatory approval for
products and services offered by Equitex or its subsidiaries; the inability to
collect amounts due to Equitex from the FDIC or Net First National Bank; adverse
equity market conditions and declines in the value of Equitex common stock; and
the unavailability of financing to complete management's plans and objectives.
The forward-looking statements contained in this press release speak only as of
the date hereof and Equitex disclaims any intent or obligation to update these
forward-looking statements.
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