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To: jimmy who wrote (5937)12/23/1997 5:13:00 PM
From: SE  Respond to of 10368
 
They said under construction. I guess I would have a hard time thinking that is anything but bricks going up. However, they did expect to have 25 halls open by year end (WSJ article or Power Point Presentation, don't remember) and now will only have 18 per Q&A and First Financial. Does seem a bit odd, I would agree.

GO PACK GO!

-Scott



To: jimmy who wrote (5937)12/23/1997 5:19:00 PM
From: T.K. Allen  Respond to of 10368
 
Jimmy - Your observations raise a very fundamental question in my mind. I would like to know if BNGO has shifted their focus from bingo operations to low-end gaming (like the SC VGMs). I can understand taking advantage of lucrative VGM opportunity in SC (political issues notwithstanding). This justifies the 70/30 imbalance in revenue source in the short term." I can also understand a shift away from bingo to low-end gaming (and, hence, away from bingo hall construction) if the profit margins are substantially higher and there are good expansion opportunities for low-end gaming elsewhere. However, if this is BNGO's objective, I would like to see them say so. If bingo is still the core business, lets have some news on bingo hall openings, JTO.

TKA