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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)
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To: Kurt A. Altmann who wrote (1865)4/5/1998 1:58:00 PM
From: tgs59  Read Replies (1) of 4539
 
Kurt,

Internet gaming has been of great interest to me, though not from a bingo perspective. IMO bingo is not a viable internet vehicle for gambling. Most everyone that I know that has experimented, has been interested in sports betting or video poker, blackjack, etc. I think that this will be a legal battleground for some time and is way to early in the game for me or my money. Bingo players do not fit the profile of those likely to be interested in placing bets over the internet. Computer literacy is fairly low with the traditional bingo crowd, which is why myself and others like me have had to work so hard to convince managers that the players can and will utilize electronic bingo products. However, I do not believe that player acceptance of our product will then lead to them buying a computer and placing bets over the internet.

There are many halls in TX that have seat counts of between 400 and 600, though very few with greater capacity. Attendance is closer to 300 - 325 and probably coming down due the abundance of bingo halls and players we have lost to Louisiana casinos. It appears that Tom N. is not very familiar with TX bingo and our laws. In 1995 we passed the initial legislation allowing electronic bingo ("EB"). This legislation set a limit on EB sales of 30% of paper card sales. During the 1997 legislative session we were able to revise this limit to 40% of average attendance.

In response to your actual question, most halls will not choose to have a mix of systems in their facility. Each system works differently thus training employees is a concern. Also each system must have a point of sale unit, a master and continuous communication capability. A bingo facility would have to pay for a dedicated phone line for each different system. In my experience halls managers want to train their staff on one integrated system. By integrated, I mean having both fixed unit and handheld units available with one system. Unfortunately AGTI has split its product line here in TX. BTC is offering its TED and the MAX system together to its customers. I have been watching closely over the past month but am not yet aware of any installs of AGTI equipment.

I hope this answers your questions.

tgs59
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