1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. We have updated our Privacy Policy and Terms of Use, effective May 25, 2018. These changes were made primarily in preparation for the EU’s new data privacy law, the General Data Protection Regulation (GDPR). Please take a look here

    Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
  4. Sister site to Casino Max launches

    Roaring 21 has just launched - sister casino to Casino Max, and they have a special promotion for you!! .They are in the Baptism by Fire - you can check them out here: Roaring 21 BBF and special promo.


    Dismiss Notice
Dismiss Notice

Codeta New Feature: Skill ScoreTM

The Codeta Tech team has developed based on a reasearch with our table game players. A feature that no other operator has on offer, a feature that is there to help our players to become better table game players whether you are experienced or a totally new to table games...

Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Cryptologic recovery from UIGEA

Discussion in 'Casino Industry Discussion' started by jetset, Jan 9, 2007.

    Jan 9, 2007
  1. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    THE FOOL GIVES CRYPTOLOGIC STOCK ANOTHER BOOST

    Turnkey provider has weathered the UIEGA storm well, says respected investment writer

    The respected investment writer for the popular Motley Fool site, Tim Hanson gave turnkey provider Cryptologic a gold star this week for weathering American legislative storms successfully.

    Three months ago, investors were fleeing CryptoLogic, the author writes. Congress had just passed the "Unlawful Internet Gambling Enforcement Act of 2006" - outlawing Internet gambling financial transactions in the United States.

    "For a small company whose sole business is supplying software for online games, this was bad, bad news," opines Hanson. "Investors responded by dropping CryptoLogic's stock 30 percent in a day.

    "And while we can all agree that a U.S. ban on Internet gambling wasn't a positive development for CryptoLogic, was a 30 percent haircut warranted? After all, CryptoLogic derived less than half its revenue from the United States, and it wasn't relying on our country to spur future growth."

    Hanson goes on to outline the ups and downs of investment, particularly in the context of short term dangers and events that are in general beyond normal control, giving examples of American companies that have had to face threats of this nature, and their resilience.

    He opines that these kinds of events happen all the time in public markets, and fear sends investors fleeing. "Yet small companies with qualified management, sound financials, and conservative growth plans often cope and succeed. And when they do, these small companies see their shares come rocketing back to life," Hanson writes. ".....it seems to be what's starting to happen at CryptoLogic. These, in short, are the times you must buy."

    CryptoLogic is inking deals with new clients, including Playboy, and continues to post fine financial results. While investors seemed to believe CryptoLogic was doomed just three months back, the reality to date has been quite different. The stock has recovered some 40 percent since its early October lows, and cash still accounts for more than one-third of the company's market cap.
     

Share This Page