Electronic Game Card, Inc (fka EGMIQ)

[kardon]

Based on my posts, I clearly hope you are correct. However, I guarantee I do not know the topic of BYI as well as you. Why do you feel it is a great buyout for BYI? Why not SciGames? Is it a strategic fit? Are they ramping up in the business sector that EGMI operates? I am serious. I really want and value your insights. Please, other posters, add your insights on why or why not this makes sense. No one person ever has all the answers.

BYI acquired Games4you employees on Jan 22, 2010. Interesting that that is so close to the date that Poken fell apart (I still believe it was EGMI that killed that MOU). As I read the press release tied to the link below, I can imagine lots of synergies with EGMI. However, I believe lots of posters on this board know the EGMI technology and the marketplace far better than me. So, do any of you see Games4you as having synergies with EGMI?
http://www.intergameonline.com/intergaming/news/3418/bally-acquires-games4you/

My brief look at Yahoo finance shows BYI has Cash $71 mil and debt $142 mil, but free cash flow of $140 mil. With such high FCF I'd think the cash balance should be higher. However, in the gaming industry it seems like cash can be fairly predictable, thus no need to have such a big rainy day fund. Maybe they have been using cash toward debt pay down, capex, or share buybacks. An acquisition of EGMI could be viewed as capex for them.