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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: bodie who wrote (6107)	8/7/1998 9:14:00 PM
From: bodie	Read Replies (3) \| Respond to of 8879

MORE NEWS Government-Affiliated Casino To Open Online (08/07/98; 7:08 p.m. ET) By John Borland, TechWeb An Internet casino affiliated with the Dominican government will open its digital doors in the Caribbean next week, a possible blow to U.S. policy-makers' attempts to quash online betting. The Island Sports Book and Casino will start offering bets on sporting events on Monday, adding the ability to take bets over the Net later in the week. Private investors will own and run the casino, but the Dominican government will get 10 percent of the profits, according to the U.S. company that helped set up the operation. "They will be receiving a larger share of the revenues than is usual," said Gary Borglund, CEO of Minneapolis-based Global Games. Most casinos pay the government about 5 percent in taxes, or about half of what Island will provide Dominican policy-makers, he said. "We expect that will mean millions of dollars to them." The 10 percent share does not represent any investment or controlling interest in the gambling company. But it is the closest any government has come to explicitly taking a share in a Net-gambling venture. The funds will be used for hospital and airport expansion on the island, Borglund said. The news has apparently sparked some controversy on Dominica. Other casino operators have criticized the government for competing with them, even indirectly. Finance Minister Julius Timothy was quoted in a local paper last week, saying he had not signed any solid agreement with Global Games. Dominican officials could not be reached for comment on the casino's operation. Dominica is one of several tiny Caribbean nations that have licensed Internet gambling as a way to infuse foreign funds into their cash-starved economies. To date, six Net casinos have been given approval to operate in Dominica. Net casinos have also been legalized in some form in nearly two dozen countries around the world, according to the Interactive Gaming Council, an industry trade association. The Island Sports Book site will accept bets from U.S. citizens, Borglund said. None of the private investors in the venture are U.S citizens, and so the owner investors will not be subject to the U.S. legal actions that have faced other online sports book operators. A bill that would explicitly outlaw Internet gambling for U.S. citizens is now making its way through Congress. If that bill passes, Island may refuse bets from U.S. users if the Dominican government so requests, he said. techweb.com Sounds to me like Gary knows how businesses are really run. He's gotten in the GOB (good'ol boy) club in the dominican Government. He can rub elbows with the best of them. Keep it up Gary.

To: bodie who wrote (6107)	8/8/1998 12:26:00 AM
From: Thomas George Warner	Read Replies (1) \| Respond to of 8879

Please that is not a fair question. All of them had revenues their first year. Since you brought it up lets look at the worst case, Yahoo(YHOO). In 1995 (first year) revenue/share =$.09 earnings/share =-$.02 Revenues =$1.4M In 1996 revenues//share = $.48 earnings/share = -$.06 Revenues = $19.1M What was Global Games REVENUES and earnings/share every year since 1994?