"Go Call's E-commerce division, which processes transactions for GoCasino.com (www.gocasino.com), has recorded wagering revenues of $14,727,756 from January 1999 to April 1999. Wagering revenues are the total amount of funds wagered by the casino players."
I don't know for sure, but I think that SNMM revenue is what they actually took in, not what was gambled. If SNMM's revenue is actually money kept and GOCA $11 million (1st qtr) is what was gambled, then you can't make that comparison.
You would have to take that $11 million (1st qtr) times the 3%-4% that you mentioned in a previous post (#reply-9860537). That would give you $440,000 times 4 qtr's which would be $1,760,000 in revenues for the year. You then times that by 24 to get $42,240,000 divided by 8.5 million shares to arrive at about $5.00.
I don't follow either stock too much, so I don't know if the above comparison is correct or if your comparison is correct.
But you should make sure before spreading your comparison to too many places.
Mike |
