Good morning. Many years ago American Coin was thinking of going public and I received their business plan and proposal, that was my business at the time. Remember, if you hang out in bars playing VP and you see pictures on the walls of players hitting royals how would you know the games were rigged to make the royal a 250,000 to one shot or worse ? While doing our due diligence on the company one thing stood out like a sore thumb. Their hold was more than 1 % higher than the other top 10 slot route operators at the time. I asked a partner of the company , are your drunks that much dumber than the average drunk around town , do they play that much worse for a reason ? He couldn't give a good reason why their games held so much better. I didn't think it was a good fit for a small cap IPO either, bars are a cash business etc, so I never got involved, thank goodness ! good luck. btw, I wish I kept the business plan.
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From: vpFREE3355 vpfree3355@gmail.com [vpFREE]
Sent: Monday, February 8, 2016 5:05 PM
To: vpFREE3355 vpfree3355@gmail.com [vpFREE]
That scandal with Street Operator American was quite bizarre. A sad story. As I remember no casinos were involved. Just a vending company operating a route of bars, clubs & restaurants on commission basis. But my opinion, eventually players would sense no or less big wins. Results would be less play on games, thus hurting the gaming and amusement vending in the little locations.
My opinion, hassling, cheating or giving bad play or deals puts any business out.of business. Most business forgets "the customer is always right". Of course if customer gets too good deal, have to cut back some.
When deals are involved, if it's all fish you can eat or if it's 9/6 JOB with good CB, a certain % of folks will take advantage. It's price of doing business. Can't have it both ways.
Just a personal opinion.........Cheers Jeep
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Posted by: <hjclasvegas6969@yahoo.com>
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