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Re: JACKPOT post# 9562

Wednesday, 06/29/2016 3:00:36 PM

Wednesday, June 29, 2016 3:00:36 PM

Post# of 15664
The revenue is much less than what was being hyped.... and those are GROSS numbers, not net... It remains to be seen how much overhead it takes to manage this multi country operation. I highly doubt they will be cash flow positive

I betcha Gametouch (Parliaments side business) makes the bulk of the profits and GHDC shareholders pay the costs of repairs, management, etc... Why else would they need GHDC if this business has been profitable for years? Or is it?!

We will know when the report is released.

PS: I like how they mention the new/retail value for these slots, but fail to mention that they overpaid heavily for these machines compared to what you can buy them for used... Its pretty sweet deal (for insiders) when you can use investors equity to overpay for the machines, when you are buying them from yourself.

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