SGS stargames limited

SGS will really pick up when they sort out their Rapid Roulette...

  1. 18 Posts.
    SGS will really pick up when they sort out their Rapid Roulette distribution in North America. After what appears as a not-so-successful distribution agreement with WMS Gaming Inc., this agreement has now terminated and they will be looking for a new partner for Nth America.

    In my recent visit to Las Vegas I couldn't find anything similar to Rapid Roulette in any of the major casinos, so the upside potential is huge.

    Floor managers at Star City and Casino Canberra (both have recently installed Rapid Roulette) have said that this game offers the casino the best return per floor space, as just one or two staff keep a large number of gamblers (about 20) in non-stop action.

    Since staff salaries are high in the US and casino margins are tight, this Rapid Roulette concept is poised to pick up very well in North America.

    However, appointing and training a competent distributor takes time, so I would recommend SGS for investors that are happy to hold for 6-12 months rather than expect 50% in two weeks.

    SGS have recently improved Rapid Roulette to accept bills (so gamblers don't need to go to an operator to deposit money before playing). With this improvement, and with a competent distributor in the US, the future looks bright for this stock.
 
watchlist Created with Sketch. Add SGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.