To: Trooper who wrote (2000 ) 11/3/1998 7:08:00 PM From: Provocateur Read Replies (3) | Respond to of 6545
Listened to the interview:stock-line.com Here is a summary of the key points made: • 48 hr. turnaround in payouts through ATM cards • WINR will do thorough background checks on companies they will work with. • Won't accept everyone that applies. • Software won't allow gambling from outlawed jurisdictions (five states...as of now) • David Skinner has extensive background in gaming • System will give highest levels of confidentiality • SSL technology, multiple fire walls, Swiss Bank laws...No US seizure possible (LOL!) • Interbet agreement is signed • Tiss license and contract...will be provided to ALL licensees. To start off 1 casino and 1 sports club (internet/not telephone) • Only co. that can guarantee payout within 48 hours; takes others 14 days... • Interbet...revenue made through license fee, processing fees 4% from deposits and 4% from withdrawals, and interest on monies. i.e. $1000 in, WINR sends $960 to Casino for gambling. • WINR will process credit cards and save casinos money since WINR charges 4% vs. local foreign banks that charge 6.5% to 7%. • Will also save casinos time and money since they won't have to issue checks (type them up, the paper, the time, etc.) • e-Commerce is being evaluated • Encryptions between all parties customers to WINR, WINR to banks and casinos • WINR has been contacted by casinos out of Europe (France, Germany, etc.) • Winr has the only system where players can utilize their own currency (vs. the currency of the casino's choice) • WINR will not be in competition with the casinos, will only process bank information • System will be cost effective for those who choose to use it. • Industry will be $10 billion by 2000 Pretty much what we already knew...but glad to see an attempt to get the word out.