SI
SI
discoversearch

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: lookin forward who wrote (2808)4/22/1999 10:58:00 AM
From: Techplayer  Read Replies (1) | Respond to of 8858
 
Rocket Man,

This could be true in the US until the KYL bill is settled. SNMM is global. Licensees are global. Internationally, online gambling has few obstacles. From what i understand, online gambling is projected to be big business and yes, I for one can see that it can be an attractive gambling medium (though I have not done so..my money is in SNMM for the gamble).

good luck,

Brian



To: lookin forward who wrote (2808)4/22/1999 11:32:00 AM
From: sanjay sanghani  Read Replies (1) | Respond to of 8858
 
RM - I see your concerns. I'm sure that several of the companies that buy into Starnet's software will fall by the wayside, and I'm sure that several will become profitable enterprises. But in the meantime Starnet will generate revenue from the start up of these sites, and slice of the action that they generate. In a gold rush the only person guaranteed to make cash is the person selling the shovels.

As to your concerns about the government cracking down on these operations I share those as well. However, these are outweighed, in my opinion, by the greater doubts I have in their ability to do this effectively on the web. I'm not sure I understand the logistics of stopping a person in Idaho placing a bet over the internet with a company registered in some tin-pot country half way around the globe. If anybody with more knowledge than myself does, I would seriously like to be educated on the matter.

With internet access expanding globally at such a phenomenal rate and at this stage of this particular investment I believe that there is a lot of upside left. There are many types of wagering offered as well, not just casinos. I'm not a casino patron but I do have a flutter several times a year on big sporting events. Which brings me to your last point.

"How many people really want to gamble on the Internet?"
Have you seen the amount of cash that gets shoveled around the OTC exchange nowadays?

Cheers

S.S.



To: lookin forward who wrote (2808)4/22/1999 8:47:00 PM
From: Gator  Read Replies (1) | Respond to of 8858
 
RocketMan, Don't forget, any dilution is ok with me, we still (Starnet gets a percentage), and this is a Very, Very, Big WORLD...Remember that this is a GLOBAL VENTURE :> More money is wagered outside the USA, than within!!!

Not all will survive, but then again, that does not matter...It will still increase the possibility of "several" really strong ones... :>

Later...Gator



To: lookin forward who wrote (2808)4/23/1999 7:03:00 PM
From: THOMAS GOODRICH  Read Replies (1) | Respond to of 8858
 
R.M.

Many states are very opposed to gambling on the Internet and are awaiting a decision of the federal level. Taking on more licensees is actually good for Starnet because most will perform within a certain range. However, like you said, the market is NOT infinite and there are hundreds more casinos and sportsbooks that will be vying for market share by years end. The whole idea anyway is to snare business from outside the USA. Gator claims that in "20+ years of travel and land-based experiences", it's predominantly "Asians" he's spotted dropping spiff at the casinos.<g> The Asian market along with others should prove lucrative.

TG