galumay
learner
- Joined
- 17 September 2011
- Posts
- 3,505
- Reactions
- 2,358
I remember looking at it ROE, will have to go back and see what if any notes I made, I decided it wasnt for me for some reason!
Looterland making a move on JIN, back to glory day soon
http://www.afr.com/street-talk/lottoland-raids-asxlisted-lottery-tickets-seller-20170420-gvoswc
I can't for the life of me understand how these predators are allowed to operate unchecked. While Lotto was run by the States, it was legally obliged to contribute a set percentage - about 50% if I remember correctly - to Community projects.Lol. It's not a bad name for a company that sells a product akin to tax on the poor.
It's right up there with other famous / honest brandnames like Ladbrokes and Evian.
I can't for the life of me understand how these predators are allowed to operate unchecked. While Lotto was run by the States, it was legally obliged to contribute a set percentage - about 50% if I remember correctly - to Community projects.
These bastards take the loot and disappear to some tax haven. Benefit to Communities nil, tax minimal, leaving gambling addicts in the gutter in their wake.
Disgusting!
The business was unusual in the gaming and gambling industry operating in Australia at the time, and it still is. It involves betting on lottery outcomes rather than entering the lottery itself.
Players bet on the results of the biggest lotteries around the world, and now local draws too, and using an insurance-based model Lottoland is able to match the prize money offered in those jackpots.
One could wish that one or two lucky punters picked the $500M combo of the biggest US jackpot that they rave about in their annoying commercials.they are basically a market maker on outcome of lotteries around the world.
Players bet on the results of the biggest lotteries around the world, and now local draws too, and using an insurance-based model Lottoland is able to match the prize money offered in those jackpots.
One could wish that one or two lucky punters picked the $500M combo of the biggest US jackpot that they rave about in their annoying commercials.
But they'd probably simply go under, move any cash to a secret vault on Cayman or Virgin Islands, and declare bankruptcy in Australia or wherever the "winner" resided.
IMHO it's worse than any Nigerian inheritance scheme.
Anyone still holding? I top up again at 80c not long ago and now the business start to shine again.
This is a sleeper business I reckon, when it does shine it will be very bright
I have followed @ROE and his fundamental analysis here and across a range of other forums, he would have one of the highest strike rates of any investor I have seen who made his analysis public.
Its a pity he has largely disappeared from the online world, we are poorer for it.
Except MXY - that one hurts!
If you mean MYX, I suspect he would say it hasnt finished playing out yet!
The chart shows some recent selling when price hit 5.00.
Is a new ATH imminent after todays powerful move up?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?