NEW STOCK PICK...kind of a "Mini Gore Report"
Our WLGS and FTRK ran big; NEXT PICK **CSIN** .....News today and so far it's
been largely overlooked.
BOTTOM LINE:
** very cool site and it works beautifully; just tried submitting $25 for betting and worked
great casinopirata.com
** they negotiated an extremely good contract... 15% of Gross Bet Amounts!
** Great EPS potential with over 50% in Gross Margins
With their estimate of $3-5 Million per month in wagers, this means a range of $36M- $60
million per year
15% profits of the low end of $36 million = $5.4M
with a minimum of 50% margin (and really more like 70% which is more typical
apparently) we are looking at NET PROFITS of $2.7M minimum.
** EARNINGS OF 50 cents per share is an estimate for next 12 months.
OTHER THINGS TO LIKE:
** Overlooked stock right now, and was above $2.00 not long ago so little resistance and
lots of room to run
** really profitable area, since the server practically runs itself...that's why these casino
stocks if done right, are very lucrative with extremly high margins (i.e overhead real low).
** 6.2 mil O/S; less than 1 mil in float
** no significant shorting going on
** sports wagering and casino style
** Quality management; I will be interviewing CEO soon
** Good PR firm in WorldVision Financial
Casino Pirata.Com Announces Grand Opening Of Worldwide Casino
PORTLAND, Ore., April 28 /PRNewswire/ -- Casino Pirata.com (OTC Bulletin
Board: CSIN - news) a high technology internet company, announced today the grand
opening of their live via the internet casino located in Costa Rica. The global reach of the
Internet and the ability to participate in live gambling is a revolution that is now possible
without ever having to leave home.
Accessibility to their website (http://www.casinopirata.com) via the internet is 24 hours
a day, 7 days a week, 365 days a year. Casino Pirata.com is in the forefront with its
powerful and easy-to-use web interface, compatible with all major browsers.
Casino Pirata.com will net 15% of the gross bets worldwide. The company expects to
see $3 to $5 million in gross betting per month. Casino Pirata.com will truly be able to
open the door to global reach when in the near future they intend to be in multiple
languages, starting with Cantonese and Mandarin Chinese, Japanese and Vietnamese
and expanding to the European languages such as German, French, Spanish and Italian.
Casino Pirata.com, a theme-based Casino and Sportsbook, now offers Vegas- style
casino games such as blackjack, roulette, pai-gow, and craps along with wagering on
professional sporting events such as the NFL, NBA, NHL and Major League Baseball.
The Company's website is located at casinopirata.com.
In the United States gaming has become acceptable. In many other countries and
cultures, gaming is an accepted part of life. Gaming is also an extremely profitable
industry. In 1997 total legal wagers in all gaming venues in the United States alone were
over $500 billion.
The on-line population is expected to quadruple to almost 200 million users by the turn
of the century, as more people turn to Cyberspace for information, commerce and
entertainment.
By combining one of the world's most profitable and oldest industries, gaming, with one
of the world's fastest growing and newest industries, the Internet, the possibilities are
astounding.
The potential profitability of Internet Gaming comes from the Internet's global reach.
Personal computer sales in ''developing'' countries are increasing at a rate twice that of
the United States.
The more computers in the world, the more people on the Internet. Given the cultural
propensity of many of the ''developing'' countries for gaming, one can forecast an
explosion in internet gaming.
Except for historical matter contained herein, the matters discussed in this press release
are forward-looking statements and are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements
reflect assumptions and involve risks and uncertainties which may affect Casino
Pirata.com business and prospects and cause actual results to differ materially from
these forward-looking statements.
SOURCE: Casino Pirata.com
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