Re: [vpFREE] Bankruptcy a financial tool?

 

Understood and I retract my troll comment. 

I think we are in agreement. Don't confuse my analysis for sympathy - I don't care much for casino companies either. The fact that Gary Loveman has a job is astonishing to me. I think that a CET failure (which is inevitable) would add confusion to the market sector but would ultimately be a good thing. 

I'm smarter than the average bear when it comes to online gaming and I work in the sector (that's all I'm going to say about that). Here's the lynchpin - if NJ can pass a bill through their legislature that allows international players to use their online sites, then NJ wins all the marbles - the battle for online gaming would be over and CET would be a very strong beneficiary of that. Anything short of that and (1) NJ will never attain reasonable gaming revenue and (2) CET will fail as a company. 

Mark my words. You read it here first. 

On Jul 25, 2014, at 10:41 AM, "whitejeeps@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:

 

Good point about on line value of license. I never considered that. 

      In  gaming or any other business,  bankruptcy 
can't make sense when things are good.  It's not usually the end of the
world, except in liquidation.  I just think we don't need to feel sorry
for casinos. I feel sorry for us players who have endured the cutbacks 
and watched our recreational pastime go to the dogs. 

If I hurt your feelings by suggesting the "little" guys usually get screwed,
I'm sorry.  I have heard, though, business guys recognizing bankruptcy 
as a good business move. I do understand,  most don't want to be in 
position to have file.   
  
 Jeep..... ( lamb in lambs clothing )


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