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  • bamalucky777 bamalucky777 Feb 1, 2006 9:55 AM Flag

    Hot tip Not kidding

    To those of you that know me from this board know i am from Alabama & something interesting happened yest here..MGAM won a case involving Innovative Sweepstakes Systems they wholly own..1300 machines placed at the dog track & busted 6 days later just won in court...Ruled sweepstakes...

    MGAM has the NUTS on this system that won..1 small press release this morning is all...

    I personally am buying at least 1k machines ASAP for locations this week or so...As soon a si can get them delivered..

    Don't miss this 1..It is actually down .14 as i type...

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    • Just curious,

      Is Multimedia selling them direct to you or are you going through a distributor? What kind of terms are you getting? If you are not paying in full after the term date, are you using Firestone Financial or your own bank?

      What kind of locations have you secured for your machines?

      Good luck, as that is a substantial investment you are making.

      TIA

      • 1 Reply to americannleaguer
      • Is Multimedia selling them direct to you or are you going through a distributor? What kind of terms are you getting? If you are not paying in full after the term date, are you using Firestone Financial or your own bank?

        What kind of locations have you secured for your machines?


        __________________________________________-

        I have 2 options..Revenue sharing or outright buying of the machines direct from MGAM...

        Locations are easy to get..I already have redeemption machines in place in Birmingham & across Alabama.

        I'm changing directions though,as i'm going to run up to 1000 machines myself.

        right now i only have 1 location with 83 machines that i operate myself..The rest are 65/35 revenue sharing (me 35%)

        Not an investment it is a slam dunk..Right now on current machines ROI is 22 weeks.These machines will be a lot less than that & no fear of machines getting seized & destroyed as they have won in court & deemed legal(not grey area)

    • I did take a look, but the balance sheet scares me. Perhaps I'm too conservative (does this sound odd coming from someone with a 35,000-share VNX short position?), but I'll pass for now on MGAM.