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Re: Gambit13 post# 16423

Friday, 01/21/2011 7:50:01 AM

Friday, January 21, 2011 7:50:01 AM

Post# of 48320
By all means. But they have or will have shortly more then two sources of revenue. The figures that I am using only reflect the gross from casino#2. They have the income from the Bar plus the Bingo from casino #1 and I assume they will offer Bingo at casino #2. And then you have Kiosk and some form of income from the on line system. I did a very conservative estimate including the slots parlor and got a figure approaching 3 million gross just from the casino play. There should more then enough income to cover the expenses associated with the new casino. Plus it will only be a room with four walls and a food bar, so the initial expenses will be minimal. I can't find any normal reason that this business can fail at least from the start up. The personality of the employees will dictate the success of the business. If they are warm and friendly with a smile they will succeed if not they will close up eventually. People want a friendly atmosphere and will overlook a lot of other things if they feel wanted and comfortable.

But even if some small amount of dilution continuous if shouldn't have a significant effect on the pps, we are beyond that now that we have answers to the main issues. What's your opinion? Have a great day. Today should give us some indication as to weather or not we are on our way. PB