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Re: Sprycel post# 16426

Friday, 01/21/2011 8:55:58 AM

Friday, January 21, 2011 8:55:58 AM

Post# of 48320
For casino #2 see post # 16385. I used the financials from, I think Q3 to project the number of each type but I'm not certain. Without digging back I think one piece of material actually gave the number of equipment available. Never-the-less if you use an absolute minimum number you can still come up with a respectable projection of gross income. Just think one nickel machine can generate enough revenue to pay the rent on an average mom and pop corner bar each month. So just project that times the number of units available and take 40% as a projected potential gross income. Normally you will under estimate the actually figure. It's a guessing game until really takes over. At leased this gives you an idea of what might be and allows you to plan the future accordingly. It usually works fairly well.

Have a good day. PB