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Non-Tech : SBET : LAS VEGAS at home -- Ignore unavailable to you. Want to Upgrade?

To: LORD ERNIE who wrote (126)	1/16/1999 7:21:00 PM
From: hammer	Read Replies (1) \| Respond to of 205

I found this on the wild west Yahoo boards - I thought as it pertained to SBET you guys might like a read. As you all probably know - GGNC is attempting to purchase another Carribean casino - they are supposed to be in the final stages. If this was consumated it would be great for both stocks - any thoughts here? Here's the quote: "My guess is that GGNC is purchasing SBET's casino and sportsbook operations because of legal problems SBET had with accepting US bets. SBET is now a software developer, site developer, and advertiser specializing in the gaming industry. SBET tried to sell the casino and sportsbook operations to IGC for $5 million with a note. IGC defaulted, SBET holds shares in the casino and sportsbook operations as collateral. Here's a link to the SEC filing detailing the sale to IGC. edgar-online.com The document is long, but it has good info in it. Total handle in 1996 was about $60 million with about $2 million in revenue. SBET's stock has recently had a nice little run up. I'm just guessing, don't hold my feet to the fire on this one. "