Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BETM: Merged with AW Sub Co (subsidiary of William Hill). All common stock holders will be cashed out @ 0.90/share
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/29/2012&mkt_ctg=OTCBB
BETM - American Wagering, Inc. Announces LEROY'S APP Available Now on iPad Mobile Devices
News Link
GLTA
Bob
BETM - Does anyone have any information on the status of the application for a gaming license in Nevada by William Hill PLC?
That approval needs to take place before William Hill PLC can aquire BETM.
GLTA
Bob
o.k. then a private company. too bad not in share thing.
The buyer needs to secure the license. The buyer is a British sports gaming company.
GLTA
Bob
so betm has the poison bones?
The caveat is that the transaction requires a Nevada Gaming License before the takeover will occur.
GLTA
Bob
i read the news item...90 cents? and no shares. not good bob.
Does anyone have any news about the status of William Hill PLC getting a Nevada gaming license and completing the acquisition of BETM?
Thanks and GLTA
Bob
BETM - To be aquired @ .90 a share if the buyer can get licensed in Nevada. Here is the news link:
News
GLTA
Bob
BETM - Company Website:
americanwagering
GLTA
Bob
Well, those of us who had patience - found that it paid-off well with this one. The offer by William Hill for American Wagering gives each holder of common stock the right to receive 90 cents per share.
http://www.lvrj.com/business/british-bookmaker-to-buy-two-nevada-sports-betting-companies-119843254.html
I think once the word gets out in general,The revenue will increase by many times. compared to the kiosk sites is hard to say but the potental is pretty big as long as you have a signal you can make a bet in nevada.
I have been watching this for awhile owning a few thousand cant hurt to much.
How much revenue (or revenue ratio) is generated from mobile betting?
5M shares of BETM sold for $0.27! Guess I'll put in some bids that low. What a deal!
Where's the volume? Seems like a solid company with huge potential - but no one appears to be paying attention. I keep picking up a few thousand shares every week or so but no momentum. Any thoughts or predictions?
BETM.. $0.30 "How to BETM"
Baseball
11:20 901 Braves Hanson +1.20 8 1/2 -1.25
902 Yankees Sabathia -1.30 +1.05
In this matchup, the Yankees are the home team. The home team is on the bottom, unless stated otherwise. The game is scheduled to start at 11:20am, the minus (-) is next to the favorite and represents the amount the player must wager to win one dollar. Example: $13 to win $10 on the Yankees. The pay back would be $10 won and the $13 you bet for a total of $23. If you choose to bet on the Braves, the underdog (+), a $10 bet would win $12. The pay back would be the $10 bet and the $12 won for a total of $22. The number to the right of the board (8 1/2) is the total (over/under) or combined total of runs scored by both teams. A player can bet over (more than 8 1/2 runs), or under (less than 8 1/2 runs). The odds on the total are expressed by a money line.
Baseball Parlays
A parlay is a wager that combines several teams into one bet. Parlays are accepted on two to eight teams. All teams must win in order to win your bet.
To figure the payoff:
Change each price into its equivalent of one dollar. (SEE CHART BELOW) Underdog prices are already in equivalent form.
Add 1 (one) to all equivalent numbers. (EX: -1.70=.59;.59 + 1 = 1.59)
Multiply your bet times all numbers involved.
Example
--------------------------------------------------------------------------------
Teams: Astros A's Reds
Price: -1.15 -2.10 +1.35
Equivalent: .87 .48 1.35
Add One: 1.87 1.48 2.35
Multiply: 1.87 X 1.48 X 2.35 = 6.50
$25 bet returns: $25 X 6.50 = $162.50
--------------------------------------------------------------------------------
Money Line Equivalent to one dollar
-1.05=.95 -1.40=.71 -1.75=.57 -2.20=.45
-1.10=.91 -1.45=.69 -1.80=.55 -2.30=.43
-1.15=.87 -1.50=.67 -1.85=.54 -2.40=.42
-1.20=.83 -1.55=.64 -1.90=.53 -2.50=.40
-1.25=.80 -1.60=.62 -1.95=.51 -2.60=.38
-1.30=.77 -1.65=.61 -2.00=.50 -2.70=.37
-1.35=.74 -1.70=.59 -2.10=.48 -2.80=.36
Boxing
2001 Pacquiao -3.50
2002 Mosley +2.70
The minus is next to the favorite and represents the amount a player must wager in order to win one dollar. A player betting on Pacquiao must lay $35 to win $10 or any multiple thereof. A player betting on Mosley would wager $10 to win $27.
--------------------------------------------------------------------------------
Football & Basketball
10:00 101 Broncos 47
102 Patriots -7
In the above example, the game starts at 10:00 a.m. The home team is on the bottom, unless stated otherwise. The minus is next to the favorite. The Patriots are favored by 7 points. They must win the game by more than 7 points for you to win your bet on the Patriots. If you bet on the Broncos (+7), they must win the game or lose by 6 points or less to win your bet on the Broncos. In the event that the game ended in the Patriots winning by exactly 7 points, then that would be a tie and all straight bets made on either the Patriots (-7) or the Broncos (+7) would be refunded.
The number (47) at the right is the total (over/under). You can wager that the final combined score will be more (over) or less (under) than this number.
In football and basketball, the player puts up $11 to win $10 or multiples thereof, unless stated otherwise. The payback would be the $10 won and $11 bet for a total of $21. All points scored in overtime or in sudden death are counted in the final score.
--------------------------------------------------------------------------------
Off the Board Parlay Prices
2 Teams 13/5 6 Teams 44/1
3 Teams 6/1 7 Teams 88/1
4 Teams 11/1 8 Teams 175/1
5 Teams 22/1
In Parlay bets, all teams must win. Ties revert to the next lowest payoff.
--------------------------------------------------------------------------------
Football and Basketball
Teaser Payoffs
Football
2 teams
3 teams
4 teams
5 teams
6 teams
7 teams
8 teams 6 Points
10/12
8/5
3/1
9/2
7/1
9/1
12/1 6½ Points
10/13
3/2
5/2
4/1
6/1
8/1
9/1 7 Points
10/14
7/5
2/1
7/2
5/1
7/1
8/1
Basketball
4 Points
10/11
9/5
3/1
9/2
7/1
9/1
10/1 4½ Points
10/12
8/5
5/2
4/1
6/1
8/1
9/1 5 Points
10/13
3/2
2/1
7/2
5/1
7/1
8/1
Tie or no action reduce teaser to the next lowest number of teams. In case of tie or no action on a two team teaser, wager is refunded.
--------------------------------------------------------------------------------
Hockey
4:30 2401 Red Wings Pick +1.30 5.5 +1.20
2402 Flyers Pick -1.50 -1.40
In the above matchup, the game starts at 4:30 p.m. The home team is at the bottom, unless stated otherwise. The minus next to the favorite, the Flyers, represents the amount a player must wager in order to win one dollar. In this example, the player must lay $15 to win $10 or any multiple thereof. If you are wagering on the Red Wings, a wager of $10 would win $13.
Total (over/under) wagers are normally available for hockey. The rules are similar to that of baseball totals.
TICKETS MAY BE CASHED BY MAIL
Winning tickets may be mailed in for payment
Send winning tickets to:
Leroy's Horse & Sports Place
P.O. Box 95098, Las Vegas, Nevada, 89193
by registered mail and enclose a self-addressed, stamped envelope.
Please check back of ticket for complete mailing instructions.
See posted House Rules for complete listing of Rules.
--------------------------------------------------------------------------------
Horse Racing
How to make a wager
(Provide the teller with the following information)
Track Name
Race Number
Amount
Type of Wager
Horse Number(s)
Please be sure that your ticket is correct before you leave the window. We can not correct errors once the race is closed.
--------------------------------------------------------------------------------
TYPES OF WAGERS:
Win (W): Your hourse must finish first, to collect the win payoff.
Place (P): Your hourse must finish either first or second, to collect the place payoff.
Show (S): Your hourse must finish either first, second, or third to collect the show payoff.
Daily Double (DD): You must select the winning horses of two consecutive races designated by the track. The track will usually designate the first two races and sometimes the last two races. Daily Double wagers must be placed before the first race involved in the wager.
Exacta (E): You select two horses in one race to finish first and second in the exact order selected. This wager is also sometimes called a perfecta.
Quinella (Q): You must select the two horses that finish first and second in either order in one race.
Trifecta (TRI): You must select the first three horses that cross the finish line in exact order in the designated race.
Superfectra (SFC): You must select the first four horses that cross the finish line in exact order.
Pick 3(PK3) / Pick 6 (PK6) / Pick 9 (PK9): You must select the winnders in a set number of consecutive races. This wager must be made before the first race involved in the wager. Some other examples: Win 4, Pick 7, & Pick 8.
Scratch Sheets: List of information needed to make a wager for a track. Each track will have a separate sheet. Some of the information included are: saddlecloth number, horse, jockey, weight, track conditions, distance and wagering format for each race.
Scrached Horse: A horse is official withdrawn from a race or officially declared a non-starter. If your horse is scratched after your wager s placed, the bet will be refunded with the exception of entry and field bets. Rules at host track will apply.
Entry Horse: Two or more horses in the same race running as a single betting unit when there is a common owner or trainer. If one of the horses is scratched, you will still have a wager.
Field Horse: Two or more horses in the same race running as a single betting unit. This results when there are more entrants than positions on the totalistor board. If one of the horses is scratched, you will still have a wager. This is also called the mutuel field.
IRS
Please note that if the proceeds of a winning wager are at least 300 times larger than the wager, the Internal Revenue Service requires the necessary information to complete the IRS form W-2G. This information is provided by the customer. If the proceeds exceed $5,000.00 and are at least 300 times larger than the wager, the Internal Revenue Service requires that 25% be withheld and the IRS form W-2G be completed before payment can be made.
--------------------------------------------------------------------------------
Please check your ticket for accuracy before leaving the window. Pari-Mutuel tickets, which must be cashed at purchase location (NO mail pay tickets), are valid for 120 days after the date of purchase or 30 days after the close of the racing meet whichever comes first. All other tickets are valid for 30 days from the date of the event. Rules at host track will apply to scratched horses. Winning pari-mutuel wagers are paid in accordance with official results at the track.
When the Fun Stops...
My thoughts exactly.
BETM files NT 10-Q; big loss reported
Management expects the Company to report a net loss for the three-month period ended July 31, 2010 of approximately $1,040,000 compared to a reported net income of $127,037 for the three-month period ended July 31, 2009. Management expects the Company to report a net loss for the six-month period ended July 31, 2010 of approximately $1,615,000 compared to a reported net income of $163,546 for the six-month period ended July 31, 2009.
BETM.. $0.50 Files extension..
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 000-20685
CUSIP Number: 030405104
(Check One):
o Form 10-K
o Form 20-F
o Form 11-K
x Form 10-Q
o Form N-SAR
o Form N-CSR
For Period Ended:
July 31, 2010
o Transition Report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
--------------------------------------------------------------------------------
PART I — REGISTRANT INFORMATION
American Wagering, Inc.
Full Name of Registrant
675 Grier Drive
Address of Principal Executive Office (Street and Number)
Las Vegas, Nevada 89119
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate).
x
(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F,11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
o
(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 20-F, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof could not be filed within the prescribed time period.
The filing of American Wagering, Inc.’s (the “Company’s”) quarterly report on Form 10-Q for the period ended July 31, 2010 was delayed in order to permit the finalization of the Company’s financial statements and to enable the Company to complete its review of the disclosure and information required to be included in the Form 10-Q. The Company expects to file the Form 10-Q within 5 calendar days following the prescribed due date.
--------------------------------------------------------------------------------
PART IV — OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification
Victor Salerno
702
735-0101
(Name)
(Area Code)
(Telephone Number)
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
x Yes o No
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
x Yes o No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
Management expects the Company to report a net loss for the three-month period ended July 31, 2010 of approximately $1,040,000 compared to a reported net income of $127,037 for the three-month period ended July 31, 2009. Management expects the Company to report a net loss for the six-month period ended July 31, 2010 of approximately $1,615,000 compared to a reported net income of $163,546 for the six-month period ended July 31, 2009.
American Wagering, Inc.
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
September 15, 2010
By:
/s/ Victor Salerno
Victor Salerno
President, Chief Executive Officer and
Interim Principal Accounting Officer
--------------------------------------------------------------------------------
BETM.. $0.40
It appears that reality is setting in and the rush to own of the past week is coming to an end.. I have orders in below $0.20 and expect them to fill before year end.. No Volume,, No bids.. hank
Up 216% for the day! Not a bad close I must say!
You keep posting the same thing over and over...I have read and understand that. Not changing my opinion of the news and how undervalued I see this as. But Thanks
I think it's huge news personally...not to mention the only news release put out in quite some time from them which is another great sign
guess that was pretty good news yest...forgot to watch it today
BETM..$0.60
"You said you've been in this one for 2 years, so you would know best out of anyone that the company has not diluted basically at all in well over 2 years....that's HUGE! The O/S is only around 8mil with the float around 4mil...that's peanuts. If the company wanted to, they could've financed through dilution, which they haven't. Speaks volumes to me in regards to what they wish to achieve, while maintaining shareholder value! "
------------------------------------------
You must read further.. They gave a note for 6 Day's of BLOOD MONEY... with wt's to 600,000 shares of the Company’s common stock at an exercise price of $0.22 per share. Plus they put all the Company's assets up.. Thats not dilution,, it's shareholders thieft of assets.. The note can be called... hank
----------------------------------------------
BLOOD MONEY...???
Unregistered Sale of Equity Securities.
Secured Promissory Note
On June 11, 2010, American Wagering, Inc. (the “Company”) entered into a secured promissory note in the principal amount of $195,000 (the “Note”) in favor of Alpine Advisors LLC (“Alpine”). The maturity date of the Note is June 17, 2010 (the “Maturity Date”), and the unpaid principal balance of the Note will bear interest at an annual rate of 15% through the Maturity Date. If the principal amount of this Note is not paid on the Maturity Date, the outstanding principal amount of the Note shall bear interest from the Maturity Date until paid in full at the annual rate of 22.0% and shall be payable on demand or, in the absence of a demand, weekly, on the first business day of each week.
The Company’s obligations under the Note are secured by a pledge of: (i) the Company’s equity interests in Computerized Bookmaking Systems, Inc.; (ii) all shares of stock, certificates, instruments or other documents evidencing or representing the same; and (iii) all present and future payments, proceeds, dividends, distributions, instruments, compensation, property, assets, interests and rights in connection with or related to any of the foregoing.
Warrant
In consideration of the Note, the Company issued a warrant, dated June 11, 2010 (the “Warrant”), to Alpine for the purchase of 600,000 shares of the Company’s common stock at an exercise price of $0.22 per share. The Warrant was issued in reliance on Section 4(2) and Regulation D of the Securities Act of 1933, as amended.
Subject to adjustment as provided in the Warrant, the holder of the Warrant will be entitled to acquire from the Company, in whole or in part, up to an aggregate of 600,000 fully paid and nonassessable shares of the Company’s common stock. The Warrant is exercisable, in whole or in part by the holder, at any time until 5:00 p.m., Pacific Standard Time, June 11, 2015.
The Company also granted to Alpine demand registration rights on or after June 11, 2012 and piggy-back registration rights with respect to the Company’s common stock issued or issuable to Alpine with respect to the Warrant.
----------------------------------------------
BETM .60
I respect your opinion but completely disagree. I think this is a turning point for the company and these prices are a gift.
You said you've been in this one for 2 years, so you would know best out of anyone that the company has not diluted basically at all in well over 2 years....that's HUGE! The O/S is only around 8mil with the float around 4mil...that's peanuts. If the company wanted to, they could've financed through dilution, which they haven't. Speaks volumes to me in regards to what they wish to achieve, while maintaining shareholder value!
BETM.. $0.50..
Yes I am,, If you read my post so would you.. There are all kinds of options and wt's lurking and the company runs day to day thru it's check book.. If this is approved others may use the same platform.. Once approval is given to game in Nev. it is open to all.. Besides I make a 2 sided market in the stock.. Nice pump and I thank you for that but the news was out yesterday.. Once the flash reading buyers are gone we will be back as always to the mid teen's again just as before.. Look at the old charts.. Been trading in the stock now 3 years.. ...IMO.. hank
So you're out now?
Wow....really? Ok...yes it is only for Nevada but that doesn't make this any less huge IMO.
Let's say just 5000 people use this program in the gambling capital of the world. Let's say the average "joe" loses $1000...that's $5mil right there and those numbers are ridiculously low examples IMO
Gotta look at the bigger picture here....this could be HUGE for the company and is just the beginning with other things in the works.
BETM..$0.70
Be careful to the MOMO push going around.. Read back DD on this company where it recently hocked the whole company at 20% interest for a week and gave wt's to the funder to boot.. I posted the following yesterday and thought nothing of it at the time.. I was lucky as I made sales today all the way up and it turned a rather dismal day into a nice winner,, Was long 46K at less than $0.18.. Made sales of ALL at $0.50+ AVE.. hank
-------------------------------------------
BLOOD MONEY...???
Unregistered Sale of Equity Securities.
Secured Promissory Note
On June 11, 2010, American Wagering, Inc. (the “Company”) entered into a secured promissory note in the principal amount of $195,000 (the “Note”) in favor of Alpine Advisors LLC (“Alpine”). The maturity date of the Note is June 17, 2010 (the “Maturity Date”), and the unpaid principal balance of the Note will bear interest at an annual rate of 15% through the Maturity Date. If the principal amount of this Note is not paid on the Maturity Date, the outstanding principal amount of the Note shall bear interest from the Maturity Date until paid in full at the annual rate of 22.0% and shall be payable on demand or, in the absence of a demand, weekly, on the first business day of each week.
The Company’s obligations under the Note are secured by a pledge of: (i) the Company’s equity interests in Computerized Bookmaking Systems, Inc.; (ii) all shares of stock, certificates, instruments or other documents evidencing or representing the same; and (iii) all present and future payments, proceeds, dividends, distributions, instruments, compensation, property, assets, interests and rights in connection with or related to any of the foregoing.
Warrant
In consideration of the Note, the Company issued a warrant, dated June 11, 2010 (the “Warrant”), to Alpine for the purchase of 600,000 shares of the Company’s common stock at an exercise price of $0.22 per share. The Warrant was issued in reliance on Section 4(2) and Regulation D of the Securities Act of 1933, as amended.
Subject to adjustment as provided in the Warrant, the holder of the Warrant will be entitled to acquire from the Company, in whole or in part, up to an aggregate of 600,000 fully paid and nonassessable shares of the Company’s common stock. The Warrant is exercisable, in whole or in part by the holder, at any time until 5:00 p.m., Pacific Standard Time, June 11, 2015.
The Company also granted to Alpine demand registration rights on or after June 11, 2012 and piggy-back registration rights with respect to the Company’s common stock issued or issuable to Alpine with respect to the Warrant.
----------------------------------------------
Posted by: 10 bagger
In reply to: None Date:9/1/2010 12:20:51 AM
Post #13 of 18
BETM.. $0.19
American Wagering Launches Legal Sports Betting Application for BlackBerry® Users in Nevada
American Wagering, Inc.: (OTC Bulletin Board: BETM), the North American leader in sports wagering products, announced today that its wholly owned subsidiary, LEROY'S SPORTSBOOKS (LEROY'S), launches its mobile phone sports betting application, simply named the LEROY'S® APP©, and it will be available beginning this football season for Research In Motion (RIM) BlackBerry® users to legally bet on sports anywhere in the state of Nevada on their BlackBerry® mobile phones. The LEROY'S® APP© was developed with LEROY'S® sister company, Computerized Bookmaking Systems, Inc. (CBS), and with the help of BlackBerry's Sports division.
The Nevada Gaming Control Board recently approved the LEROY'S® APP©, and it is currently available to BlackBerry® users on Sprint, AT&T, and T-Mobile, with other wireless carriers coming soon.
"The company spent more than a year planning and developing the new application," according to John English, Senior Vice President and spokesperson of the product for Las Vegas-based American Wagering, Inc. "The Nevada Gaming Control Board scrutinized the project with a very thorough lab investigation, which helped us in setting the bar for our security features. We have developed the first mobile phone betting application to be approved in Nevada. We feel strongly that the application will change the way people bet on sports. Convenience is critical in today's society," says English.
"LEROY'S® APP© will offer the same array of sports bets including, straight bets, parlays, teasers, in game betting, contests, scores, and more," stated Vic Salerno, the company's Chief Executive Officer. "We plan to unveil new, state of the art technologies in the coming months such as applications for the iPhone®, Droid®, and Windows-based mobile phones. We also plan to add our race book and unique fantasy sports features. We are making sports betting simple and fun. Everyone has a mobile phone. With the LEROY'S® APP©, if you want to place a sports bet sitting at a poker table, go ahead. No need to check out any special equipment. You are not limited to where in the casino you can make your bet. Oh, you want to go home, go back to the office, or maybe you live in Reno, Lake Tahoe, Winnemucca, or Elko; no worries, you can make your bets there too. The LEROY'S® APP© goes with you on your BlackBerry®. That is the beauty of our product. It's real mobile wagering," added Salerno.
ABOUT AMERICAN WAGERING, INC.:
American Wagering, Inc. (www.americanwagering.com) is a publicly-traded company that primarily operates through wholly-owned subsidiaries including Leroy's Horse & Sports Place, Inc. ("LEROY'S®") (www.leroys.com), Computerized Bookmaking Systems, Inc. ("CBS"), AWI Manufacturing, Inc. ("AWIM"), and AWI Gaming, Inc. ("AWIG"). LEROY'S® 'owns and operates over 58 race/sports book outlets in the state of Nevada, CBS is the dominant supplier of sports wagering hardware/software to the Nevada gaming industry, and AWIM is a Nevada Gaming Commission-licensed manufacturer/distributor and supplier of race/sports self-service wagering kiosks. AWIG is a subsidiary with the goal of becoming a market leader in operating smaller hotel/casino properties.
Safe Harbor Statement
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, such as statements relating to anticipated future sales or the timing thereof; the long-term growth and prospects of our business or any jurisdiction; the duration or effects of unfavorable economic conditions which may reduce our product sales; and the long term potential of the mobile sports wagering device application market and the ability of American Wagering, Inc. to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. American Wagering, Inc.'s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing and its ability to consummate, acquisitions, and future business decisions and other risks and uncertainties identified in Part I-Item 1A, "Risk Factors" of the Company's Form 10-K for the period ended January 31, 2010, all of which are difficult or impossible to predict accurately and many of which are beyond its control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
Research In Motion (RIM) is authorizing the use of its trademarks in this specific press release only. RIM's limited approval is not a license, implied or otherwise, to its trademarks or any other intellectual property rights. Notwithstanding this limited approval, RIM reserves all rights with respect to its intellectual property."
Contact: John English, 1-702-735-5529
SOURCE American Wagering, Inc.
BETM app for Blackberry is only for Nevada, so price pop seems waaaaay overdone. Didn't every(smart)body who already owns it sell on the news?
BETM.. $0.40... Blackberry in thier future..???
Wednesday September 1, 2010, 6:02 am EDT
LAS VEGAS (AP) -- Getting money down on your favorite sports team is getting a little easier in Nevada with the first-ever legal wagering application for smart phones.
It won't work in the U.S. outside the Silver State -- the only place where sports gambling is legal -- but its technology is sophisticated enough to let visitors from other states conveniently place bets while they're here, even if they're not inside a casino.
American Wagering Inc. (BETM) is launching the program for BlackBerry devices in time for the start of college football and the NFL regular season. The public company, which operates nearly 60 Leroy's Horse and Sports Place sports books throughout Nevada, plans to launch new apps for iPhones, Droids, and Windows-based phones soon.
"I'm all-in on this," said Vic Salerno, American Wagering's chief executive. "We've reinvented the company entirely."
Salerno said it took 14 months to develop the application and get it approved by Nevada gambling regulators. Each version for other phone operating systems requires separate approval from the Nevada Gaming Control Board, which will scrutinize their security systems and other features.
The application requires bettors to appear at a sports book in person just once, when first creating their account with Leroy's.
That allows the company to verify a person's age and tie their account to one specific phone. When that person then logs into the system, a combination of GPS and cellular tower coordinates verify he or she is within Nevada's borders before allowing them to place a bet.
Placing bets on sports through phones isn't new in Nevada, said John English, the company's senior vice president for business development. A beeper system, affectionately known as a "wager pager," lets gamblers call in their bets and verify their position through a code sent to the beeper from a limited-range tower, he said.
Salerno and English said custom versions of the apps will likely be offered in future years to major gambling operators like Harrah's Entertainment, Inc., MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd.
An American Wagering subsidiary, Computerized Bookmaking Systems, Inc., currently supplies equipment and software for 85 percent of the race and sports books in the state.
I'm in! That's HUGE news! Nevada Gaming Approval to gambling is like FDA approval to med companies! And with an O/S of around 8 mil with no dilution in years, this could go ballistic once noticed!
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
65
|
Created
|
10/18/08
|
Type
|
Free
|
Moderators |
AWI has the following subsidiaries:
Through its subsidiaries, AWI manages race and sports books and sells and services race and sports book computer systems.
Wagering Terminal | |
Click to Enlarge | Writer/Teller Terminal with customer display or Dual Service with self service capabilities. It is a Windows-based, secure, interactive wagering terminal with color LCD. Features include:
|
Self Service Kiosk | |
Click to Enlarge | Self Service Kiosk provides patrons with the ability to place wagers on race and sports events without writer/teller intervention. The upper display monitor has scrolling odds. The kiosk accepts cash, winning tickets, and vouchers. Features include:
|
Mobile Account Wagering Application | |
Click to Enlarge | Mobile Account Wagering Application offers the convenience of mobile account wagering. The convenience of placing a bet on sports anywhere in Nevada. The application will not accept wagers from outside Nevada. Features include:
|
Touch Cashier Terminal | |
Click to Enlarge | Touch Cashier Terminal is especially designed with the casino cage requirements in mind. Designed for use where space is at a premium. It operates with a touch screen interface and a scanner to increase efficiency. Features include:
|
Intelligent Remote Log | |
Click to Enlarge | Intelligent Remote Log is a PC-based application to manage your books quicker and easier. It captures real-time information regarding large wagers and other risk related data. It puts risk analysis, game queries, and ticket searches at the tip of your fingers in a format that is easier to read then ever before. Features include:
|
Race/Sports Sheets Generator | |
Click to Enlarge | Race/Sports Sheets generates scratch sheets and results and/or sports schedules and results with customer logo in seconds. Features include:
|
Intelligent Video Display | |
Click to Enlarge | Intelligent Video Display shows live lines, line change notification, and results. It supports up to four separately configured designs. It also supports widescreen displays. Features include:
|
Services | |
Available services include:
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |