Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?

To: Mitch Vine who wrote (1976)	3/3/1999 10:34:00 AM
From: Roofman	Read Replies (1) \| Respond to of 8858

Mitch, SNMM gets a set-up fee (reported to be $100,000, but negotiable) from each new licensee. Once the operation is up and running, SNMM gets a cut of wagers. My understanding is that the cut is based on a sliding scale, ranging from 17% - 40%, based on the volume of wagers. People have been speculating all over the place with respect to revenue potential. Personally, I don't even want to take a stab at it until we see last quarter's numbers. That should give a much better indication. But I do believe the potential here is staggering. Hope this answers your question. Long SNMM Roofman