SBET : LAS VEGAS at home Message Board

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Non-Tech : SBET : LAS VEGAS at home

SBET 9.235

-3.5%

3:59 PM EST

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To: Bernard I. Gentile who wrote (3)	2/5/1997 6:23:00 PM
From: Bernard I. Gentile	Read Replies (1) of 205

This was just a false rumor. What SBET did yesterday and today, ...it just took back the value it lost in a few months with almost no volume. It needed some trading to get out of the manipulated values set by the MM. Now we have to think about its real value as soon as the first flying Casino is on the orbit. But let me connect this historical event with another one "the Davos economic summit" where it has been shown that fusion of Internet and television is very probable. "The distinction between television and the Internet would soon starts to blur. There will be a convergence in a couple of years, may be sooner than that (...) and the breakthrough will come when digital broadcasting will put television on the same technological footing as computers. To get the 70, 80, 90 percent kind of market that television has, we are going to have model that looks a lot more like entertainment than any of us has seen so far", said Sun Microsystems's chief technology officer, Eric Schmidt. "Interactive entertainment " should be the key word. SBET has first targeted this area with its high-tech interactive gaming platform to create a gaming environment with worldwide access. From the $550 billion gaming US-market and more than $1 trillion world market, SBET will try to capture 1% of it. With 1% earning on that (with their Sport Book they got 5%) ....that makes an eps of about $5 (just for the US) and a share price of $50-$100 (with a conservative P/E=10 or 20). œœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœ œœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœœ $BET : Their market is the whole world , their road is the sky. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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