To: Gennaro who wrote (5605 ) 8/1/1998 3:02:00 PM From: Bob Davis Read Replies (1) | Respond to of 8879
Gennaro, The Independent is a small island newspaper, which is normally published in paper form on Wednesday. Its web site, which is managed by someone else, is updated each Friday around noon. I know this for a fact since I have been watching this web site since I first began following GLOW several weeks ago. Yesterday, the web page was not updated at noon, and had still not been updated when I looked again fairly late in the afternoon. Since I had other "peas on my platter" I did not have a chance to look at it until about 1:00 PM today. Some time between yesterday around 3:00 PM and today at 1:00, the article was published on the site. Until that time, the lead article from the week before - which concerned a prisoner in the local jail who married a somewhat older English lady while still incarcerated - was still on the web site. The article in The Independent specifically includes a hypertext link to the GLOW July 30th press release, and it specifically states that, as of its publication, the Minister of Finance, Industry and Planning for the Commonwealth of Dominica has not signed any type of an "agreement" with GLOW. In addition, the article makes it clear that Mr Timothy first needs to take any such agreement "to Cabinet" for their approval. Further, it fairly evident that the Commonwealth of Dominica is not expecting to receive $9,000,000 as its portion of the proceeds from the GLOW relationship. In fact, their expectations from their existing licensing agreements with the six internet casinos which are domaciled there is only EC$3,240,000, or about US$1.2 million in the coming year. Since the Commonwealth is planning a bond issue to raise about US$7.4 million for housing (yes, I actually read the local papers down there...) the sudden arrival of US$9.0 million would create a bit of excitement. Since that "excitement" has not been reported in the local press, it seems safe to assume that there is nothing here to get excited about. Bob Davis The Napeague Letternapeague.com