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.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (11593)	10/24/2003 9:28:57 PM
From: D.B. Cooper	Read Replies (1) \| Respond to of 13815

Trade you NTE for AUO here is one in the same field that I have a few shares of AUO they make the screens for handsets and can't keep up. finance.yahoo.com I carry PXLW and AUO in this space. So many companies so little cash. Pouring over UNAs report. why can't companies put in plain English. After the number ten I have to take my shoes off. I have seen NTE go by on the screen I quess I confused it with NITE They have a conference call on Monday. I did some wood work in the Motorhome today and everything fit and is secure. I have an dinner to go to next Sat. at my old company. And then back on the road till March or May. I wonder if it is to late to do the Rockies? Take Care Don Now you be carefull with Hot Socks :-)

To: Sig who wrote (11593)	10/24/2003 9:49:44 PM
From: D.B. Cooper	Read Replies (2) \| Respond to of 13815

I forgot to tell you about this one WYNN, I posted awhile ago that my wife went long on this stock WYNN. She loved his old casinos in Vegas. So she bought some stock. Look at the chart. No earnings no building I am going to compare it to our beloved PETM finance.yahoo.com we have read some white papers and now this story comes out restating those papers Reuters RPT-Casinos eye Asia as governments seek revenue Sunday October 5, 9:39 pm ET By Katherine Espina (Repeating item that ran on October 5) SINGAPORE, Oct 5 (Reuters) - From smoky baccarat tables in Macau to horse racing in Thailand and floating casinos in the South China Sea, gambling is on the rise across Asia. ADVERTISEMENT Many Asian governments are showing signs of relaxing conservative rules on gambling, partly to tap new streams of tax revenue and fund infrastructure, experts say. And as China's burgeoning middle class bets its freshly minted wealth, casino operators are scouting for investment opportunities. Pursued obsessively for centuries in Asia, gambling is an extraordinarily fragmented industry, divided between major commercial casinos in resorts such as Macau to thousands of dusty, hole-in-the-wall illegal dens in Southeast Asia. "East Asia is one of the slowest regions to tackle legal gaming, yet it has got one of the highest propensities in the world to gamble," said Sean Monaghan, gaming and wagering analyst at ABN AMRO Australia Ltd. Michael Gore, who runs a Malaysia-based gaming consultancy, Jayport Holdings Ltd, estimates Asia's US$4.1 billion casino industry will grow six percent a year over the next 20 years as rules change to allow legal casinos to expand. "A lot of casinos are going to open. So what's coming up will be the decade of Asian casinos," he said at a two-day gaming conference in Singapore in the past week. GAMBLING HOLIDAYS Spurring the growth is a relaxation in travel rules in China, where a sizzling economy is fuelling a growing middle class of big spenders in a country that bans gambling. Residents of China's three wealthiest cities -- Beijing, Shanghai and Guangzhou -- were allowed to visit Hong Kong and the tiny gambling haven of Macau from September as individuals. Previously, they could only visit in organised groups. Even those on package tours often choose to visit gambling centres. Last year alone, 1.5 million mainland Chinese went to Genting, the site of Malaysia's sole casino, Gore said. The casino is operated by Kuala Lumpur-listed Resorts World Bhd (Kuala Lumpur:RWBW.KL - News), part of Genting Bhd (Kuala Lumpur:GENT.KL - News) Macau is considered a testing ground for the potential of Asia's casino market. Casino mogul Stanley Ho's gaming flagship, Sociedade de Turismo e Diversoes de Macau (STDM), monopolised gambling in the former Portuguese-run enclave for four decades before the government changed the system in 2002. Authorities allowed two new concessionaires in Macau last year: Wynn Resorts (NasdaqNM:WYNN - News), headed by Las Vegas gaming magnate Steve Wynn, and Galaxy Casino, led by Sheldon Adelson, chairman of the company that owns Las Vegas's Venetian casino. But the number of punters jostling for seats at the card tables shows there is still massive demand for more casinos. Gore estimates the Macau casinos make a daily profit of US$28,571 per table, compared with just US$1,000 in the huge Las Vegas establishments. "After these companies publish their results, fund managers will sit up and take notice. There will be a lot of money for Asian casino investments," said Gore. Adelson is already upping his bet by building a US$240 million casino near Macau ferry terminal. It will cater to hordes of enthusiastic punters from next-door Hong Kong and expects to start operations by early 2004. PACHINKO That is just a small taste of what's to come in Asia, said Theodore Loh, managing director at online gaming consultancy Orientgaming.com. "Macau is already building new mega-luxurious Las Vegas type of casinos. Japan is considering legalising casinos. It's just a matter of time. In the next 10 years, we will see huge growth. There's no doubt about it." Gambling in Japan is strictly limited to a handful of events such as horse racing and "pachinko", a hugely popular game resembling pinball, but some cash-strapped Japanese provinces early this year asked the central government to lift the ban on casinos. The Philippines is one of the few other Asian countries to allow gambling. Casino operator Philippine Amusement and Gaming Corp (Pagcor) said Hong Kong investor Chow Tai Fook will invest US$120 million in a hotel-casino project at a tourism development zone proposed by Pagcor. South Koreans were banned from gambling until October 2000, when the government issued a monopoly licence to Kangwon Land Inc (KSE:35250.KS - News) to operate casinos for local citizens until 2005. Early this year the government said it was planning to allow overseas investors to open casinos as part of a drive to develop the tourism industry. There's a hefty ante, though: each investor must lay at least US$500 million on the table. The question is Are you a gambling man? :-) phx.corporate-ir.net