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Non-Tech : World Wide Web Casinos (Internet Casino/Sportsbook) -- Ignore unavailable to you. Want to Upgrade?


To: brownlab7 who wrote (153)4/13/1998 5:36:00 PM
From: GVRAM  Read Replies (2) | Respond to of 688
 
Last week on ABC's Nightline with Ted Kopell the following statement was made: "Two years ago, Internet gambling was a $60 million business. Last year, it grew to $700 million and some believe that by the year 2000, that figure will be $10 billion. That's about what McDonald's makes in sales annually."

Pretty heady growth for the industry. Good news for us since we are an established player with the best software around. If WWWC / RTL can capture just 1% of the market we will have $100,000,000 in revenues.

As far as long term value goes, all I can say is that similar companies with inferior software / operational status all have market caps of $100+ million. According to the press release, RTL has about 10 million shares outstanding.

I would have liked to have bought DELL, YHOO or AMZN @ less than a dollar. In my opinion, the software is too good and the market is too big not to see what happens over the next 12-18 months. At $.25 a share, how bad can you get hurt!?! The only thing that is going to zero is Robert's net worth as he tries to cover his short position. He better keep a little bit of metal on that ax to cover his ass when Rangestar starts to run!