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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle
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To: Jay D. who wrote (429)1/7/1998 2:00:00 PM
From: David W. Tucker  Read Replies (1) of 441
 
Jay: I would only note that the word we are getting out of V-land right now is that current 'illegal' lotteries are running about 15 million in revenues per week, up 5 mil since all the casinos and bingo halls closed down temporarily.

There has been a lot of talk about how the Venezuelans don't have any money, but they appear to have a lot for gambling, and the V-land economy is definitely doing much better.

We just won't know much until NorAm starts posting weekly numbers from each machine. We should get a pretty good handle on it soon since we can derive some good data from any machine that is "busy". If a machine is being played all day, that should really help us in our forecasts.

dave

dave
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