Filed by iGames Entertainment, Inc.
                           Pursuant to Rule 425 under the Securities Act of 1933
                               And deemed filed pursuant to Rule 14a-12 and Rule
                                 14d-2 Under the Securities Exchange Act of 1934
                                     Subject Company: iGames Entertainment, Inc.
                                                    Commission File No.000-49723
News Release

                                                           FOR IMMEDIATE RELEASE
                                                                 January 5, 2004

INVESTOR CONTACT:
Investor Relations
(800) 530-1558

                 IGAMES ENTERTAINMENT, INC. ANNOUNCES CLOSING OF
                       MONEY CENTERS OF AMERICA MERGER AND
           APPOINTMENT OF CHRISTOPHER M. WOLFINGTON AS CHAIRMAN & CEO

LAS VEGAS, NV - iGames Entertainment Inc. (OTC Bulletin Board: IGME - News)
today announced that the previously announced merger with Money Centers of
America closed on Friday, January 2, 2004. Following closing, iGames
Entertainment appointed Christopher M. Wolfington as its new Chairman & CEO.

Christopher Wolfington, Chairman & CEO of iGames Entertainment stated, "This is
just the first step in executing our business plan. We will continue to
aggressively pursue sales and acquisitions to build our platform for the
future."

"We are extremely excited about the closing with Money Centers and combining our
efforts in one focused direction. We look forward to a profitable and rewarding
future and will give our newly appointed Chairman and CEO, Chris Wolfington, the
support needed to accomplish it," stated Jeremy Stein, President of iGames
Entertainment.

About iGames Entertainment

iGames Entertainment, Inc. develops, manufactures and markets technology-based
products for the gaming industry. The Company's growth strategy is to become the
innovator in cash access and financial management systems for the gaming
industry. The business model is specifically focused on specialty transactions
in the cash access segment of the funds transfer industry. For a complete
corporate profile on iGames Entertainment Inc., please visit the Company's
corporate website at http://www.igamesentertainment.com.

Safe Harbor Act Notice: Certain matters discussed in this news release are
forward-looking statements, as it is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to a
number of known and unknown risks and uncertainties including, but not limited
to, statements concerning iGames Entertainment's commencement of a new business
plan, and its ability to raise funds in connection with such plan, the ability
to close pending transactions and other risks detailed from time to time in
iGames Entertainment's filings with the Securities and Exchange Commission.
Actual results may differ materially from those expressed in any forward-looking
statements made by or on behalf of iGames Entertainment Inc. For more
information, please contact Investor Relations, 800-530-1558.