Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Win $5 million USD with ABET -- Ignore unavailable to you. Want to Upgrade?

To: THOMAS GOODRICH who wrote (14)	10/17/1999 4:45:00 PM
From: Khris Smith	Respond to of 61

One of my biggest concerns ragingbull.com was the regulation of such a site. I was quite sure ABET would be shut down the day it opened. LUCKILY, this will not be the case. ABET has a filter on their credit card processor. If you should happen to reside in N. America, you will only be permited to play the free Lotto. FREE??????How would that make money?? ........ Think about how long some people will remain on the site, playing, reading ads, winning, reading ads, losing (yes that will happen too), and did I mention reading ads. Of coarse, these ads will be paid for by the advertiser. (Some of the most expensive site ads are for sites with high user retention times)......IBET ABET will have people glued to their site. I assume you all know you may win a car or other NICE prizes in the free plays. BUT what about the lottery that is not free???? This will be legal and very popular in Europe, (esp Germany) and should prove to be very profitable. I am very excited to see how the BETA test turns out....I hear it will be great!!!! More later, nitetrade / khris

To: THOMAS GOODRICH who wrote (14)	10/18/1999 11:09:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 61

Thomas, I thought you would grasp the main points. 1) Of the more than $125 Billion in revenues in 1997 (and the number is higher now), only about $41 Billion came from North America. 2) The first thing out of the CEO's mouth (who remember was with a prestigious organization as Executive VP who helped manage a multi-billion dollar portfolio) was that they will do nothing to cause any friction with governments in North America. Their main emphasis is in Europe and Asia (recall Europe about $55 Billion in lottery revenues alone) North America will have the free play and prizes to keep the site "sticky" and hopefully attract lots of advertiser dollars. 3) Others do not have the ABET system of instant draw and personalized play. In other words, the real attention-grabber here for me was the fact that their Lottery is like any casino game. You can see if you are an INSTANT winner. I mean how many people would play slots in Vegas if they had to wait a week for the slot results or even 10 minutes? Finally, as I said a week ago, let's all help DD this; not just providing questions but also answers. Please help research your own questions and supply us all with honest answers. This is not a Company that is doing this as some pipe dream; they appear to me to have heavily researched this thing. DAVE