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Die, dot-com, die!
Not long ago, people walked around with dollar signs in their eyes and
seemingly no price was too high to pay for a "dot-com" stock. But now, the
gold rush is over: Profits? N/A. Business models? Questionable.
Perspectives? Uncertain. From today on, people can wager at gamebookers.com
what dot-com company is about to die first at Germanys Neuer Markt.
St. Johns, Antigua, 09/01/2000 -- Frankfurts Neuer Markt (New Market) used
to be the jewel in the crown of Europes financial markets. How far the
mighty has fallen: Highflying Internet stocks have consolidated heavily;
IPOs get cancelled or postponed dashing many firms hopes and dreams; and
constant rumours about companies hitting the bottom of cash funds cause
newsletter after newsletter to publish "dot-com dead pools".
In the past, people looking askance at the sky-rocking shares of Internet
companies with more or less convincing business plans had hard times as
dot-com shares soared easily 100% or even 1,000%. But now that the industry
is starting to come down around our ears, possibilities to benefit from the
shifting tide remain limited: with options and derivatives being too
complicated and hardly accessible for individual investors, predicting which
overhyped dot-com is doomed to fail appears not very rewarding in financial
terms. Well, not really...
gamebookers.com became today the first established bookmaker to accept bets
which company listed at the Neuer Markt is doomed to die first. The company
that first declares insolvency is considered to be the „winner -- bringing
the bettor a multiple of his initial stake as a payout. Deadline is December
31, 2001. gamebookers.com has released odds for the following ten possible
failures-to-be:
Artnet.com @ 6
Gigabell @ 7
Cybernet @ 13
Musicmusicmusic @ 17
Fortunecity.com @ 21
Netlife @ 24
Fluxx.com @ 24
Ebookers.com @ 24
Buch.de @ 25
Datadesign @ 26
gamebookers.com spokesman Surge George: „In contrast to other financial
derivatives, the idea of a bet is simple: if somebody bets on Artnet, for
instance, and the firm becomes the first company to go broke on the Neuer
Markt, the bettor receives his bet stake times the odd of 6 as a payout --
without deduction of tax or other fees. Everything is done online without
paperwork.
By the way: its not that unrealistic that some of the almost 300 companies
listed at the Neuer Markt might face liquidation in the near future.
According to a survey recently published by PricewaterhouseCoopers, just 2/3
of the Internet companies will succeed to survive in the long-term and every
seventh dot-com is supposed to fail within the next two years.
About gamebookers.com
gamebookers.com is an all-in-one-shop concept for bettors: sportsbook,
infoworld and community. Based and licensed in Antigua and Barbuda (W.I.),
the company enjoys a betting tax-free status. To address the issue of
problem gaming the company has established a partnership with GamCare UK:
before placing a bet with gamebookers, every customer will be explicitly
informed about the dangers of gaming addiction. Gamebookers Ltd. was founded
in 1998 and is a 100% daughter of Sporting-Online Ltd., London.
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For further information, please visit http://www.gamebookers.com.
Public Relations: Surge George (+1 268 562 2573)
pr@gamebookers.com
Gamebookers Ltd.
Dollar Building, Nevis Street
P.O. Box W1044
St. Johns, Antigua and Barbuda
Phone +1-268-562-2573
Fax +1-509-271-5517
(FOR IMMEDIATE RELEASE)
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