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 [...]
Read the rest of this entry »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 [...]
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Disclosure: LONG EGMI
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 [...]
Read the rest of this entry »Electronic Game Card, Inc (sym: EGMI) signed a definitive agreement to partner with China LotSynergy to enter the Chinese Lottery Market. China LotSynergy has partnered with International Game Tech (IGT), Lottomatica (used to be GTECH), and now EGMI. This is a very material event for the company and one that could add tremendous revenue and [...]
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