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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Binder who wrote (323)11/15/1997 11:46:00 PM
From: grw5  Read Replies (1) | Respond to of 7039
 
I'm going to have to go with Mark on this one. I think the return on slot machines is regulated by the state and extensive records are kept to make sure that the machines maintain the correct balance and if one pays out too little or too much it gets pulled. I don't know what the time frame is, but I'm sure there are a number of variables.(size of jackpot, etc.) I know for sure that the electronic poker/blackjack machines are adjustable as to the payout and keep running totals internally which can be checked.
But even with a very small % margin, all these machines make BIG BUCKS. Kinda like MMs, even an honest one can make a fortune on a small spread and large volume.

Best of luck,
George

P.S. I think, between food, entertainment, liquor, and gambling this place could make this much money.



To: Binder who wrote (323)11/16/1997 2:34:00 PM
From: Mark Rutheiser  Read Replies (2) | Respond to of 7039
 
Reality check. MIDL did not buy a casino. They bought a restaurant with 15 slot machines.