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Non-Tech : RIHI - Merger with Internet Gambling Co, - Worldnet Gaming
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To: Mags who wrote (1)1/28/1999 3:25:00 PM
From: Jeff Broughton  Read Replies (1) of 363
 
Mags,

Doesn't look like they have the good marketing programs like PSCKF's QuickConnect or SNMM's partnership program.

WOW, licenses are expensive compared to Playstar or Starnet: $200k for 30% up to $500k for 60%. With 11 licensees royalties must be sweet!! I would worry about diminishing market share at those prices (at lease compared to SNMM & PSCKF).

Looks like they have an interest in the Adult market like Starnet offering streaming video sex.

Interest in merchant card processing also.

Games look decent except the Bingo locked up on me. Haven't tried the Sportsbook yet.

What I also found interesting was this statement in their marketing section "we can guarantee millions of hits directed to each one of our sites every day". I think it's interesting that they do marketing for their licensees but I doubt they can produce numbers like that. The statement about I-Gaming being 50 Billion by the year 2000 is the largest estimate I've heard yet.

Another interesting thing in their June 24/98 press release:
"Gamblers may establish an account by applying for a card on the company's Web sites or by phone, and if approved, must deposit a minimum of $1,250 to back that debit card." That's a big deposit!!

I'll definitely put it in my watch list but that's about it for now unless you can't point out something that I missed.

Jeff
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