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To: JakeSki who wrote (6620)1/22/1998 12:20:00 PM
From: jgideon  Read Replies (1) | Respond to of 10368
 
BNGO below 5 on low volume -- 4 3/4, 4 5/8 bid, 4 7/8 ask <eom>



To: JakeSki who wrote (6620)1/22/1998 12:31:00 PM
From: T.K. Allen  Respond to of 10368
 
My first question on these 3 bingo hall acquisitions is how much is BNGO paying for them? According to the BING press release (http://biz.yahoo.com/prnews/980121/tx_ms_bing_1.html), these halls are being sold for "cash and stock". I suppose we won't know such details until the deal is closed.

TKA



To: JakeSki who wrote (6620)1/22/1998 1:24:00 PM
From: jimmy  Read Replies (1) | Respond to of 10368
 
>>>There was mention that they did have management agreements for other halls, but it didn't look like there were making anything off those.

George, how did you arrive at that conclusion? BING owns 3 bingo operations and manages 2 others for another owner. There is no way to guess (from their 10-Q) the revenue breakdown between "our" halls and the remaining two. For all we know BING could be losing money on their 3 halls.


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