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Non-Tech : Multimedia Games Inc. (MGAM)
MGAM 0.122-0.8%Nov 5 11:48 AM EST
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To: Craig Stevenson who wrote (50)1/23/1997 9:14:00 AM
From: Michael Klein   of 197
 
1) Harrah's is a major player (no pun intended) in the Gaming industry. The fact that a reservation casino managed by them placed 24 machines is significant. One could extrapilate this to mean other Harrah's sites will come on board if the machines are popular. Taking this thought to its logical conclusion...machines could be placed in Las Vegas. The person I talk to feels this is a distinct possibility.

2) The ruling that Mega-Mania is a class 2 game (bingo as opposed to a slot machine) opens the market to many other sites. Since it originates on a reservation, it is a reservation game and not subject to certain Federal Rules. You know this. My source feels this could lead the company (in time) to a major untapped source of players. The source...charitable gambling. The Catholic Church has more regular players than the reservations and they play (and I am quoting someone here) for "20 bucks and turkeys" in small towns. Imagine going to the Knights of Columbus hall and coming home with 10 grand after playing Bingo.

3) Because of the "ruling", Hollywood is interested in a televised game. This would be a return to the roots of the company when it was called "TV Bingo".

These 3 items and various incarnations of them are a sampling of the kind of speculative things I have been told over the years. Sometimes they are stated as fact, sometimes speculation. After 4+ years in this deal, it would be great if more speculation became fact.

Hope this gives you a flavor. I think bigger things are in store for this company. Just the proliferation of Mega-Mania is enough to drive the profit engine and the stock price quite a distance.
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