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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino

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To: Warner Buffett who wrote ()	6/30/1999 6:31:00 PM
From: Hylas	Read Replies (2) of 2782

I thought this is interesting. Casino Monte Carlo, Inc. has more Internet casinos than any other company. The company will use Cryptologic's super software to set up one hundred casinos before the end of the year. In the last couple of days,it switched some of its casinos to the Cryptologic software. These casinos were previously using STARNET's software. Here is the list of these casinos that now use Cryptologic's software: www.CasinoMonteCarlo.com www.AtlanticCityCasino.com www.NevadaCasino.com www.21Blackjack.com www.GrandCasino.com www.E-LasVegasCasino.com www.GamblingPalace.com www.CanadianCasino.com www.CasinoWorld.com www.BestOnlineCasino.com www.BritishCasino.com This company has the greatest potential to achieve record revenues as it also owns two thousand of the best gambling domain names in the world and the best casinos. A spokesperson for the company told us that now that the management can spend 99% of its time marketing the casinos, it will achieve considerably more than with Starnet, when it was spending 99% of its time fixing Starnet's problems and doing their work. What does everyone think? Sounds great to me. Think of the possible revenue and profit that may be generated. If each casino generates $100,000 revenue for Cry, say net margin of 65%. Net Income would increase by $6.5 million or $0.44 USD fully diluted. That by itself would warrent a stock price increase of $6.30 CDN and thats at its currently low P/E of about 10. What if they can generate $300,000 revenue for Cry. Net Income would increase by $19.5M or $1.30 USD fully diluted. That would warrent a stock price increase of $19 CDN, again at only a P/E of about 10. This company has HUGE possiblilities. If it starts trading on Nasdaq and has a P/E of 100 the price would be approx. $120 USD or $175 CDN. I even beleive that could be cheap give the growth prospects combined with net margins and cash on hand. Article was from Gamble something magazine. Posted on Raging Bull via a link. IMHO Hylas

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