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Microcap & Penny Stocks : MDI Entertainment (MDIH) -- Ignore unavailable to you. Want to Upgrade?

To: Allan B. who wrote (513)	1/31/2000 4:36:00 PM
From: Herc	Read Replies (1) \| Respond to of 563

It is my understanding that the Kyl bill does allow internet lottery sales from people's personal computers. The "closed loop" restriction was cut. Also the previous Kyl bill died in the House last year since representatives are more responsive to state governments. Also the Supreme Court has been handing down lots of rulings giving states more sovereignty. Also remember the constitutional problems of banning internet businesses when they are legal in brick and mortar form. And when I think of all the other possible obstacles to e-gaming, I just remember eBay. The obstacles to this working dwarfs any internet gaming problems. We are, after all, talking about all cash transactions, i.e. no need for UPS or Federal Express. Just keep telling yourself how perfect the internet is for gambling. If you wait until all the kinks are worked out these will be expensive stocks. And remember politicians lust for revenues. Right now it is remarkable how little investor interest there is in these stocks. Accept a little heartburn now if you really want to get rich. Also, I believe that Hilton and even Microsoft have small stakes in Australian internet casinos. And the brick and mortar businesses have hardly been internet leaders. Think about it. What will they do will all that expensive infrastructure? I read that the overhead of an internet casino is about 1/2 or 1/3 of their brick and mortar counterpart.