Electronic Game Card (EGMI) update conference call will be one of the most important calls in the company’s history.  The company has grown its revenues from $1 million FY 2006, $6 million FY 2007, $10.5 million FY 2008, and expected to be $15-16 million in revenues for FY 2009.  EGMI’s corresponding EPS over the last [...]

I really don’t have an update, so I guess that is the update.  I know there was a board meeting late last week but havn’t talked to anyone on what decisions were made.  I’m still holding my position since there is no reason to sell when the company is growing EPS 40% yr/yr, trading at [...]

The Company heads to China today as they will be meeting with their China Welfare Lottery partner, China LotSynergy.  In the next few weeks we should get some more transparency into this potential monster of a relationship. POKEN has been getting a lot of positive press lately (Forbes, etc).  EGMI has been very quiet on [...]

[Roth Capital Report]
 
Disclosure:  LONG EGMI

2009 has been a really good year, but I believe 2010 will be even better. The overall markets may be a bit top heavy but I believe the Russell (micro/small caps) will outperform the major averges. I am going to start off 2010 the way I finished 2009..WORKING. I’m traveling the first [...]

Sales of welfare lottery in China have exceeded 70 billion yuan (10.2 billion U.S. dollars) so far this year, according to the Welfare Lottery Distribution and Management Center.  The sales represent a 17 percent increase from the whole year of 2008, the center has said.  After paying back for prizes, the lottery raised a total [...]

On the Q3 2009 conference call the company reiterated that overall gross margins will likely stay around 30% until  new higher margin production capacity comes online in H2 2010.  The Maxim Group has CHOP earning $0.84 for FY 2010 and $1.22 FY 2011, but have this Gross Margin also staying at 30%.  I believe that [...]

Written By my partner in crime: Alan Davidson
Let me start by saying that I went to this conference with fear and trepidation as my 2 largest positions were in the crapper down in excess of 35% over the last 30 days, and I was scared.
The reasons why EGMI is down is because of a series [...]

On Tuesday morning I spent an hour on the phone with Kevin Donovan, CEO of EGMI.  Over the last three weeks the stock has dropped mostly due to administrative blunders (late filing, late proxy, late being late .  I felt this was a good time to get an update, and Kevin was nice enough [...]

China’s lottery could topple those of the United States and become the world’s first hundred billion dollar lottery, according to China Center for Lottery Studies at Peking University.

Last year, China’s lottery amassed revenues of just $15.6 billion (105.1 billion yuan), compared to an estimated $45 billion (300 billion yuan) spent on illegal lotteries and around [...]