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To: Nittany Lion who wrote (4382)2/4/1999 11:14:00 AM
From: Analyst Scotty  Read Replies (3) | Respond to of 6545
 
To Gary and ALL!

The following includes my interpretation of the gambling transaction fee, as explained to me by Kevin Holmes from CFG.

“Small Time Scotty” transfers $100 from his WINR account to the Interbet casino site. Once inside, he takes a virtual stroll up to the blackjack table where he proceeds to play 30 hands of blackjack, betting $10 per hand. Following an initial run of success, Scotty's luck crumbles. At the end he cashes out of Interbet casino with just $20 left.

Revenues to WINR

“Cash-in” transaction fee: 100 x 4% = $4
Gambling transaction fee: $10 x 30 x 2% (1% for all other WINR casino sites) = $6
“Cash-out” transaction fee: $20 x 4% = $0.80

Total revenues to WINR from Scotty's visit: $10.80 ($7.80 at all other WINR casino sites)

In SUM: the gambling transaction fee charge will help off-set the fact that WINR will be receiving much less revenue in "cashing out" commission charges than it does through "cashes-in" commission charges.

Ay Caramba!!

Can someone PLEASE explain to me just WHAT is going on in the world of internet gambling!!?

CAN GLCCF's numbers (below) be for REAL?!!!! – in just its second month of operations?!!!!

If WINR's casino clients can pull down on average only half of what Galaxiworld reports....I shudder to think at the tremendous prospects for our home team…!!!!!

Ok…The Superbowl...It probably had a big impact on sportsbook operations for the month of January...

Anyone else have any input on the veracity of GLCCF's numbers?

How do people think TISS and Interbet sites rate against GLCCF's?

Cheers to all!

...and to all, please cheer up!!!

No one ever promised you that the ride to..."E-tail3"...wouldn't be without a few bumps along the way.....!!

GO WINR!!!

Scotty

Over $7.3 Million Wagered on GalaxiWorld in January

Fledgling Internet Casino Continues its Winning Ways, Logging Just Under 2 1/2 Million Web Hits for the Month
ST. KITTS, W.I., Feb. 2 /CNW-PRN/ - Doubling its numbers from last month, the online casino GalaxiWorld (www.galaxiworld.com) continues to enjoy tremendous success in just the second full month of operation. GalaxiWorld Limited, a wholly owned subsidiary of GLC Limited (NASDAQ: GLCCF - news), announced today that a total of $7,370,000 was wagered on its GalaxiWorld Internet casino in the month of January 1999.
Overall, the site received 2,494,000 web hits over the course of the month, with over 440,000 total games played.
Larry Weltman CFO and Executive Vice President of GLC Limited enthused, ''The growth we experienced this month (the site pulled in just over $3 million in December) is a testament to the quality and consistency of GalaxiWorld. People are playing our games and winning! We expect continued growth as we forge forward with our ambitious marketing plans.''



To: Nittany Lion who wrote (4382)2/5/1999 12:31:00 AM
From: Analyst Scotty  Read Replies (1) | Respond to of 6545
 
To Gary and ALL:

Apologies on the betting example I provided in my last post. It is not the AIB site but the TISS sites that have the 2% commission per gambling transaction.

Sorry, I must have been daydreaming about how I intend to download the AIB virtual-reality casino site this weekend and mixed up my facts!

Cheers!