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 : Gambling, The Next Great Internet Industry -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (685)	8/22/2001 11:00:25 AM
From: kidl	Respond to of 827

British Tax Havens Take Gamble on Internet Casinos August 22, 2001 5:18 am EST By Bernhard Warner, European Internet Correspondent LONDON, Aug 22 (Reuters) - British offshore tax havens Alderney and The Isle of Man will allow online casinos to operate on the islands, officials say, raising the stakes for bringing a multi-billion dollar industry to Europe. iwon.com\|internet\|08-22-2001::05:38\|reuters,00.html

To: kidl who wrote (685)	8/22/2001 8:07:33 PM
From: Herc	Read Replies (1) \| Respond to of 827

I wonder how many more lotto tickets could be sold if they were available online? <<eLOT Discusses Internet-Based Solution for Border Town Residents Overwhelmed by Out-of-Staters' Powerball and Big Game Mania NORWALK, Conn.--(BUSINESS WIRE)--Aug. 22, 2001--With the Multi-State Lottery Association's Powerball and Big Game jackpots at attention-grabbing highs of an estimated $200 million and $74 million, respectively, the out-of-state crowds are descending on border towns in the 27 states where these games are played, blocking sidewalks, hovering for parking spaces and clogging roads. Working with states on a solution for residents of those border towns, however, is eLOT Inc. (OTCBB: ELOT - news), the leading provider of Web-based retailing and Internet marketing services to governmental lotteries. The Norwalk, Conn.-based company's eLottery subsidiary is committed to facilitating the electronic sales of new and existing lottery products worldwide. ``There's a simple solution to the chaos that surrounds Powerball fever - the Internet,'' said Edwin McGuinn, President and CEO of eLOT. ``Web-based purchases offer two clear benefits to states and the economy as a whole: ``First, consumers can buy as many of their state's lottery tickets as they like at any time of the day or night, without ever leaving the comfort of their homes as our technology helps the states ensure that each ticket purchaser is a state resident, and ``Secondly, the ''regressive tax`` aspect of lotteries, that many decry, is eliminated as the average household income of homes with Internet access is about $50,000.`` eLOT President and CEO Ed McQuinn is available today and tomorrow for comment on any aspects of the Internet's potential impact on lottery ticket sales, particularly pertaining to Powerball and the ``Big Game''.>>