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Non-Tech : eLottery.com (ELOT) / (NASDAQ NM:XTON) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (1120)	4/11/2000 7:47:00 PM
From: Gabe Heti	Read Replies (2) \| Respond to of 1266

I don't think either option you suggest would be very attractive. Gamblers would have a difficult time finding their gambling site if it changed daily. Calling long distance to gamble is somewhat expensive. I would think the Justice Department could also block access to particular phone numbers if they so desired. There was also discussion of going after credit card companies that facilitated the transfer of funds. I don't know how badly the government wants to come down on off-shore gambling sites, but these sites would receive little sympathy in the US if they were to be shut down. The fight is not over. There may be pressure from states to leave the matter to state governments to deal with internet lottery operators. I think the matter will not be resolved before the election and therefore it is unlikely that any states will start to offer on-line lotteries until next year at the earliest. I just see the stock being much more risky in light of the above plus the jaundiced eye with which the market is viewing dot coms with no earnings and little revenues.