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Non-Tech : Lake City Gaming: LCG-V -- Ignore unavailable to you. Want to Upgrade?

To: cash money who wrote (59)	12/21/1998 4:19:00 PM
From: Jerrold Annett	Respond to of 124

From the Stockdepot Name: Grant Robertson E-Mail: groberts@stockdepot.com Date/Time: 12/21/98 2:21 PM Subject: Re: What would happen? (LCG-VSE) Grant Body: Jerrold Annett on 12/21/98 1:37 PM said: >>What would happen if a major international gaming company bought out Fred Glasgow's shares (total 8.4 million shares or over 70% of outstanding shares). If Fred sold his block at let's say $5.00 per share......what would happen to the value of the public float? I would think that these shares would skyrocket. My prediction is that this scenario will happen sometime over the next two years. There are big gaming companies out there that are dying to crack the B.C. market. LCG is the ripest company of them all. What do you think about this possibility?>> >> I'm not sure that a complete buyout of this nature would be the best for smaller shareholders despite the fact that the higher takeout price would probably place significant upwards pressure on the stock price. I would prefer to see a senerio that increased the public float a bit more as larger institutional buyers will demand more liquidity. Several brokerages have expressed an interest in covering the stock once the trading volume picks up. LCG has a small float right now and many shareholders are very committed to the company as they have a strong belief in its future prospects. Management is presently working on distributing up to 1 million of Fred's shares into the retail market to help improve the float. I would prefer to see less than 70% owned by any one person or organization. This said, it would be great to have the endorsement of a major international gaming company to buy a slice of 30-50%! of the total stock issued and outstanding.

To: cash money who wrote (59)	1/3/1999 5:21:00 AM
From: Jerrold Annett	Read Replies (1) \| Respond to of 124

Check this out from the Kamloop's Daily News........... Sunday, January 3, 1999 Updated weekday afternoons and Saturday mornings B.C. Lottery headed for record year By CAM FORTEMS Daily News Staff Reporter B.C. Lottery Corp. expects to break the billion-dollar sales barrier later this month. The figure represents a milestone for the Kamloops-based Crown corporation, which entered a new phase beginning in late 1997 when it brought slot machines to B.C. "We're looking for the first time hitting a billion dollars this fiscal year April to April," said Gail White, manager of corporate affairs for the lottery corporation. The $1-billion mark will be passed in the third or fourth week of January, the corporation predicts. The target for the year ending March 31 (the province's fiscal year end) is $1.1 billion in sales. Changes to gaming brought in by the NDP government in 1997 and 1998 saw a variety of new products, including slot machines, electronic bingo and gaming tables with new limits. "Last year with our cumulative sales we hit just below $1 billion," White said. "We came in at $942 million overall." On April 1 a new Lake City Casino operation opened in the Stockmen's Hotel, complete with 275 slot machines. There are now seven casinos in B.C. operating 1,430 slots, which White said "will have an impact" on the overall budget. Kamloops MLA Cathy McGregor said the province will continue with its expansion of gaming this year. "I don't anticipate with the addition of a couple of destination casino operations the (lottery corporation's) revenues will be at astronomical levels at all." Despite the introduction of slots, lottery tickets remain the prime product at the lottery corporation. Tallies were not available for the split this calendar year, but a typical week shows slots and tables pull in a minority of revenue. White estimated about $25 million in revenue was taken in across B.C last week. Of that amount, about $4.1 million came from table games and $2.8 million came from slots. The figures contrast with Alberta where projected income from all gambling in the 1998-1999 budget year is $767 million. The majority of that revenue, $518 million, comes from video lottery terminals. "Our plan is our expansion should be modest," said McGregor. "Where communities have said they don't want destination casinos they've had the ability to demonstrate that. We've taken a very different course from Alberta."