Summed up simply - Why Ireland and who will the new CEO be? Really - why Ireland?
Until these are really hammered out, CRYP really isn't a good investment.
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Mitch Garbner's first report (Q2 2006), shows that he has taken over a very healthly company with a strong team.
Recent price drops have made this stock very affordable.
Garbner must enter the M & A world if the company is going to live beyond the Poker bubble.
And Party must continue its strategy of increasing its presence in Europe and beyond.
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We met with Jeff Halloran, CEO and Alex Chong, VP of Sales. Both were very knowledgable and driven. We can’t comment on certain aspects of the meeting until they become public, but we recommend that you have a serious look at this up and comer.
The remote gaming market has been growing at a rate of 35% over the past 4 years and was estimated to be worth over $7 billion in 2004, the vast majority of which was internet-based. The mobile section of the gaming market only accounted for $5 million in 2004. However, industry analysts such as CCA, Juniper Research and Screen Digest estimate this will grow to $100 million in 2005 and to $1 billion by 2006.
Projected Market Value:
7.6 million North Americans will use mobile sports betting services by 2009
Asia-Pacific region is expected to contribute the largest share of total gross revenues with 39% of the market
Europe follows closely behind with a 37% market share, with the US making up the majority of the remainder
The report from telecoms analysts Juniper Research reveals that mobile lotteries will be the largest money-spinners, with gross revenues of nearly US$7.9bn worldwide by 2009, followed by sports betting (US$6.9bn) and casino-style gaming (US$4.5bn).
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Copyright GamingPublic.com and Ocean Eclipse Holdings Inc. 2006 The views and opinions expressed are those of the author only. Certain content contained on this website may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, risks relating to international operations, and risks associated with competition. This Website and the content contained herein is not intended to be and is not an advertisement for any securities of any company that has been mentioned.