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 : ADVV (Advantage Technologies) - formerly CSIN -- Ignore unavailable to you. Want to Upgrade?

To: Joe Griffin who wrote (191)	5/19/1999 12:06:00 PM
From: Dave Gore	Read Replies (3) \| Respond to of 483

But that's the point! They have REAL PHYSICAL CASINO locations as well (i.e. non-internet) AND.... the company is pursuing Internet LOTTERY which IS LEGAL in 47 or so U.S. States. Plus, other parts of the world CAN gamble over the internet legally. Remember all the stats for the HUGE growth of internet gambling does NOT even include the U.S. gamblers. The World gambling population is very large and dwarfs the U.S. as a whole. Sure, the US market would dramatically help, but this sector can do very very well even assuming the worst case. I think we will see that they will be highly profitable even IF the KYL Bill goes through, which is very unlikely because it would be a nightmare to enforce and it is really too late. BOTTOM LINE: I agree that some may not be buying into this sector because of the KYL deal, but the point is that I think (my opinion) that it's vastly overemphasized even if somehow becomes law, at least in the case if CSIN which has a pretty low market cap compared to it's competitors. Use your own judgement when to buy. That's the bottom line.

To: Joe Griffin who wrote (191)	5/20/1999 9:49:00 AM
From: Whisperer!	Respond to of 483

To Be or Not To Be on the Net Thu May 20, 1999 A clash of cultures is brewing over Internet gaming in Australia. Star City Casino is preparing for the state of Victoria to pass legislation permitting Internet gaming, but prospective future owner, Tabcorp, is skeptical. ''Our view has always been, and our past research has found, that there is not a whole lot of demand for new gaming products,'' maintains a Tabcorp spokesperson. Others think along different lines. The executive chairman of International All Sports, Ltd. says, ''The Internet will cannibalize traditional gaming. We can create products that are far more entertaining than three apples on a spinning wheel.'' The Financial Review has the story

To: Joe Griffin who wrote (191)	5/20/1999 11:29:00 AM
From: THOMAS GOODRICH	Respond to of 483

Joe, The Kyl proposal has been around a few years and there's no solid evidence potential passage is impacting investors. At one time it may have, but many folks are now aware of the limitations of the proposal. The Kyl Bill would only be applicable to the United States. As to collecting taxes, I seriously doubt offshore operations would willingly comply and legislators are already aware of this. The best possible outcome IMO with regard to I-gaming is to neither legalize or prohibit on a federal level. Australia is regulating their operations, and it's quite possible many of their citizens will break laws over there and patronize foreign books.