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Microcap & Penny Stocks : Autotote Corp (TTE) --- Computerized wagering equipment -- Ignore unavailable to you. Want to Upgrade?

To: Dawgfool who wrote (60)	9/30/1998 11:31:00 AM
From: joe z	Read Replies (1) \| Respond to of 124

Here are few more articles: The Mohegan Sun Race Book, a $7 million, 9,000 square-foot pari-mutual wagering facility, drew "standing-room-only" crowds the week after opening Sept. 3rd in Uncasville, Connecticut, according to manager D. Crupi, who reported an average daily handle of almost $100,000. The race book includes personal and portable wagering terminals and features cross-cashing technology, which allows winning tickets purchased at the Mohegan Sun to be cashed at any of the state's racing or off-track betting facilities. Mohegan Sun features NYRA events provided by Autotote, which has an exclusive contract to show NYRA races in CT. Autotote also provides Mohegan Sun with video production and other services. NEW NTRA COUNCIL SAYS TECHNOLOGY A PRIORITY -- "Maybe TTE" The National Thoroughbred Racing Association's Thoroughbred Industry Council has targeted technology as a priority matter. "There was a general discussion about the increasing importance of technology, and the general consensus was the NTRA should be playing a more active role in that area," said NTRA executive director Nick Nicholson, who attended the Sept. 20 inaugural council meeting held in conjunction with the American Horse Council convention in Washington, D. C. "It was agreed that we should always be looking at how technological advances could be used to the benefit of the industry--from more exciting Web sites to technological improvements that might make NEW WAGERS possible." The Thoroughbred Industry Council's formation was announced earlier this month. Its purpose is to facilitate communication between the NTRA and all segments of the horse industry. Nicholson said the group reviewed television strategy and advertising, and discussed matters that may come up at the next NTRA board meeting Oct. 6 in Louisville. The council will meet next in either December or January. The most recent research report issued by Taglich Brothers, D'Amadeo, Wagner & Co., Incorporated on June 23, 1998 projects a profitable 2nd half of the year for fiscal '99 and .45 cents per share earnings in fiscal '00. They have a BUY rating and a $6-$8 per share price target. "Portable betting system is winning ticket for Autotote" A synopsis: "Placing a bet just got a lot faster at race tracks around the country. That's because Autotote, the nation's leading supplier of pari-mutual wagering systems to horse tracks, dog tracks and offtrack betting parlors, has supplemented its existing teller window network system with a 'walk-about betting' solution. Thus far, the system has more than broke even - Autotote has improved service to patrons, which has led to increase revenues for the company. .... Since the 'walk-about' system is an add-on to the existing teller network, information is sent from the hand held to the Tote network, which reads the data and relays information back. Radio frequency data communications allows the patron to easily and quickly place bets from anywhere in the facility." The system was built in consortium with Open Road Technologies, Comtec Information Systems and Symbol Technologies.