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Originally posted by winmaccer:
I am sure this co` has been mentioned on this site. Paradise Poker in the 1st year of business earned over 50 million U.S as an offshore gaming website. LPLE is correct, tournament poker play is skill. Have any of you any idea at the bombshell that LPLE between the Horse racing software and the legal approach they are about to address the U.S. govt with to do with poker. This is the answer to the IRS collecting tax on online gaming. If this company gets the green light, I can guarantee you will see a penny stock do something rarely witnessed and that is shoot to the moon, I guarantee these guys know exactly what they are doing, and this could be an absolute spike. I wont even listen to any negatives, the govt wants the taxes, and at 25-100 mill in revenue pending, I can guarantee that the U.S. govt will bight on this proposal like a fish on a worm. This is worth a shot, and it isnt even a gamble. The U.S. govt knows the only way to combat offshore gaming is to absolutely down the internet, they are getting flack from credit card co`s that want the revenue, as well they only have around 30 million shares out. This is one out of a thousand that gets my bet. Besides the gaming software developers that have ran 100 fold in the past two years. Cryptologic and Chartwell.

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Originally posted by Sigma_1966:
Any idea what the GOVT will do with Internet gambling in general. Are thye going to allow it

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Thats the point, both the US and canada are totally baffled as to what to do. All they have been able to do is convince the credit card co`s to not oblidge credits to gaming sites. As well threaten legal action against players which is a total waste of print. Now we have Paypal, Netteller, and several other online corps that assist people in making net purchases in a safe way protecing their ID and card no`s, so the credit card co`s havent any idea where you are spending the money. All they know is Joe Blow put 1000.00 on his card at Paypal, which is a 100% legal company for online shopping. The point is that a select few, are making billions offshore in tax havens tax free, the govts want to collect taxes. As well, LPLE has a Poker site that is a tournamemt site where adversaries compete trying through skill to win tournaments, at the same time this isnt a game of chance, it is basically a skill game, so, on top of that they are actually abiding by Fed law as well allowing them a shot at claiming tax dollars, a legally run business. If they get the green light at 20 million shares in float with a $50 billion world wide market at their disposal, I havent a number but I know for a fact that three websites of pure poker are averaging over 50 million US a year in revenue. The offshore nations that have allowed them to set up shop get around 100k a month in tax dollars, that is what the fed`s are after and if LPLE plays thier cards right, this stock is a major winner. They can not lose unless they are greedy stupid fools, and the money that they will earn after tax are numbers the average man can only dream of, I truly believe that they are on the level and are about to do what everyone of the other gaming sites havent done and that is appease congress. As well they have made Vegas connections, and Vegas wants in, if they team up with Vegas, and with the legal back up at hand, look I know the business, this may be one of the most overlooked opportunitys at hand. Ant negatives I am willing to listen but men and women, do some reading thsi is bigger that pharma, the online gaming business.