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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: robert duke who wrote (3018)6/21/1999 7:38:00 AM
From: C.Carlos  Read Replies (1) of 8858
 
SNMM is the leader in its sector, is profitable and seems to have a well structured business plan, that so far has been executed to perfection. It's in an explosive industry and management appears to be extremely competent. I suggest, however, that you do your own due diligence. You may start reviewing their SEC filing, their home page and reviewing the Raging Bull bulletin board. The Raging Links section provides a lot of information.

On the negative side, the industry is threatened by the Kyl Bill, which is aimed at prohibiting internet gambling. Most people believe that prohibition will be impossible to enforce. SNMM claims that they do not accept bets from US and Canadian citizens, but many of its licensees probably do. However, some people are of the opinion that if it weren't for the chilling effect of the Kyl Bill, the Microsofts and Vegas tycoons would already be dominating the industry.
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