|Subject:||Gambling is hot. News out after the market today|
|Date:||Wed, 03 Aug 2005 06:08:44 -0500|
News out after the close. Watch alert for tomorrow
Las Vegas Company grabs part of $400 million simulcast industry.
AND THEY'RE OFF !
CGKY in the lead, as they round the first corner!
It's all about.....
International simulcast horse racing, gambling and betting
Horseracing is fun, it's exciting and it's a HUGE money maker.
Carnegie Cooke & Company, Inc.
Current Price: .14
Short Term Projection; .90
News released after the close today
Carnegie Cooke Acquiring Two Locations in Greater Rio de Janeiro to Become OTB's
Tuesday August 2, 4:07 pm ET <--News after the close of the day
LAS VEGAS--(BUSINESS WIRE)--Aug. 2, 2005--Carnegie Cooke & Company, Inc. (CGKY.PK) is in the process of acquiring two new locations in Niteroi, the island city adjoining Rio de Janeiro. Niteroi is one of the most affluent suburbs in Brazil. Its population is greater than 500,000 with a daily average of 300,000 commuters. These potential new locations are in addition to the existing domestic revenue generating OTB's currently being expanded in Campos and Macae.
Carnegie Cooke recently signed a three year contract, with an option for three additional years, for exclusivity with the Jockey Club de Campos to operate both domestic and international simulcast signals related to the turf industry throughout the state of Rio de Janeiro. (Partial clip of the news. Make sure you go to any financial site to read the entire release)
LAS VEGAS, Carnegie Cooke & Company. Inc. (CGKY.PK) is a media and distribution company in the Brazilian turf industry. The Brazilian Department of Agriculture reports that in 2003 turf/gaming industry revenues were in excess of US$400 million, in local racing events, using un-mechanized facilities. Carnegie Cooke's Brazilian subsidiary has been granted the right by the Brazilian Association of Jockey Clubs and the endorsement of the Brazilian Government to mechanize Jockey Club facilities, and to implement international simulcast racing throughout Brazil.
Do we need to talk about how passionate many people are over horseracing? Gambling? Do we need to talk about how huge this industry is? WE think not. Companies didn't invest in major tracks around the world for no reason. Simulcasting didn't happen because there wasn't a major demand for it. Let's face it, Horseracing is fun, it's exciting and it's a HUGE money maker. Simulcasting can bring you right to the front line no matter where the race is being held.
Put CGKY on your radar's now
Example: *************** WE TOLD YOU ABOUT PGCN AT $1.20 AND NOWS IT IS $2.35 IN 5 DAYS*****WEDNESDAY WILL BE EXPLOSIVE FOR CGKY..... HMNS
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