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Non-Tech : SBET : LAS VEGAS at home
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To: Sober who wrote (94)12/23/1998 7:25:00 PM
From: THOMAS GOODRICH  Read Replies (2) of 205
 
Barry,

Some rather provocative questions, you're asking! I would say YES there will come a time probably as soon as next year when investors discover the Internet gaming sector. When companies begin reporting sizable profits I suspect by the second half, the media will notice. One of the holdbacks now is the fact many of these stocks are Bulletin Board issues and thus are not favored by many investors, brokers or mutual funds. As for the touting of offshore profits there is nothing that I am aware of that would circumvent disclosure in the United States even should legislation pass to ban Internet Gaming. These are mostly publicly traded companies in the US. As to the next question I would say YES the media will take notice as gambling seems to be the world's favorite pastime and Internet gaming is expected to become an e-commerce killer application on the Internet much like bookselling and the portals are currently. I'd don't track all the companies you own, but, you seem to be well covered. My favorites are Starnet and Playstar, particularly Starnet as that company has emerged as the market leader with respect to the number of licensees already up and running and the many additional that are in the negotiation process. Many of the prospective site names have already been reserved.

TG
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