SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Venture Tech (OBB:VTEH)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: borb who wrote (26)3/6/1999 10:53:00 AM
From: Tom G  Read Replies (1) of 28
 
I found this on the Raging Bull board thought I'd pass it along . It does seem interesting.

By: BustedSpike
Reply To #4 by elkhunter
Friday, 5 Mar 1999 at 2:14 PM EST
Post # of 5

Just picked up a few shares today. I've been following Asian Star
Development since GGNC announced a deal with them concerning
an internet sports bar at a water theme park in Southern China.
Unfortunately, I missed the Mar 1 PR.

GGNC's PR announcing their deal with Asian Star stated that New
World Development was a majority shareholder of Asian Star
Development. I researched New World Development and found out
that they are a huge conglomerate in Hong Kong. I emailed New
World's IR contact in Hong Kong and he confirmed for me that New
World is a majority shareholder in Hip Hing Holdings, Ltd, which is a
majority shareholder in Asian Star Development. Consequently, I
think the deal between VTEH and Asian Star will turn out to be huge.

I having a difficult time figuring out if GGNC will be a part of the VTEH
- Asian Star joint venture or be left out in the cold with just the one
deal at the Asian Star water theme park. GGNC licenses it's gaming
software from MicroGaming Technologies and it's sports book
software from Worldnet Gaming (which recently was acquired by
RIHI). On the surface, it would seem GGNC would be a good fit for the
VTEH-Asian Star joint venture.

There are rumors flying on the GGNC board that it will announce 3
acquisitions next week. In the past, GGNC has issued PR's that it
was in negotiations with a privately held Canadian company to
acquire a casino and sports book operations that looks and smells
like International Gaming Corp, the privately held gaming company
that had previously purchased SBET's casino and sports book
operations. International Gaming Corp defaulted on the terms of the
deal and SBET is in the process of a lawsuit against them trying to
recover their property. The GGNC's longs, myself included, have
been waiting patiently for this deal or any deal like this to be finalized.
GGNC mgmt has insisted that it will do the acquiring and not be
acquired. That would leave two rumored acquisitions pending.

Anybody have any idea on the shares issued and out on VTEH? I
know that Asian Star is thinly traded. But I'm not sure about the
number of shares issued and out.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News