Please note I am also a share holder in VGW.
Other things I noted from the report as positives from my own perspective:
1:There were close to $9m in other variable costs apart from Marketing that are not recurring. They could move into profit quickly.
2:The Malta gaming licenses were granted allowing them to role Chumba and Poker into other markets apart from US. Large upside and lowers the market risk.
3: Global Poker has only reported 6 months of launch rev, it has a large upside.
4: A number of other VGW company names have been listed including Sports. Interesting to watch where sweepstakes model will be applied next.
5: The majority of Chumba revenue is direct into chumba.com and not through Facebook, they are doing a very good job of bringing customers from advertising on Facebook etc to the direct site. If they played on FB the merchant costs would be very high.
6: The board has continued to add some strong governance.
