PSCKF - Playstar Corporation Message Board

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Non-Tech : PSCKF - Playstar Corporation

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To: bob lange who wrote (305)	1/16/2000 1:06:00 PM
From: THOMAS GOODRICH	of 330

Playstar appears to be shifting their direction into e-commerce and away from operating an online casino according to sources close to the company in Antigua. While the Playstar casino is reportedly generating in excess of $30K per month in profits, the company in the meantime is lining up overseas financial institutions for credit transaction processing as well as online gaming operators. The company reportedly already processes Starnet's adult business and may expand further into Starnet licensee operations. So, that's all I have at the moment. I don't see any significance whatsoever to any profit taking on Friday because what goes up always corrects. The Bear Stearns stimulus was good and Cryptologic at least was quick to issue a press release that they were mentioned in the report and investors responded by clamoring to buy their stock. So, it bodes well for the future of online wagering.

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