Poker and the Future of Horseracing

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• Poker and the Future of Horseracing

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Christiansen Capital Advisors, LLCwww.CCA-i.com
Eugene Martin Christiansen, CEO
145 Madison Avenue Suite 301 New York, New York
10016 Phone [phone] Fax [phone]
cca-ny_at_worldnet.att.net
Sebastian Sinclair, President 170 Sawyer Road N
ew Gloucester, Maine 04260 Phone [phone]
Fax [phone]
stsinc_at_gwi.com
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2004 Consumer Spending on Poker (US Millions)
Source Christiansen Capital Advisors, LLC
estimates
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Poker Is Still Growing
Estimated Global Consumer Spending on Internet
Gambling by Game, 2001-2010 (US Billions)
Source Christiansen Capital Advisors, LLC
estimates
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How Big Is Poker?

Market Capitalization (US Billions) As of
9/27/05
Source Christiansen Capital Advisors, LLC
estimates
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Quote
The valuations are getting crazy. I am extremely
skeptical about this sector. Yes, we need
excitement in the stock market, but I wouldn't
bet my pension scheme on companies like
PartyGaming. -Richard Holway, a director of t
echnology research company Ovum, who correctly ca
lled the top of the last technology boom, and who
now contends a bubble is forming around online p
oker
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Profit Margins
Harrahs 8
PartyGaming 58
Profit 350.1 million
Profit 665 million
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Celebrity Poker
Drew Barrymore and Eric Bana in upcoming film
Lucky You
Ben Affleck and David Schwimmer on Bravos
Celebrity Poker Showdown
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Gambling
Gambling
Churchill Downs, Magna Entertainment
PartyGaming, SportingBet
Youbet.com, TVG, BSkyB
Lotteries
Verizon Mobile, Cingular
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Spectator Sports
Spectator Sports
Churchill Downs, Magna Entertainment
NFL, NBL, College Sports
Fantasy Sports, Numerous websites
World Series of Poker, World Poker Tour
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Video Gaming
Vidgaming
Electronic Arts, Activision, THQ
Nintendo, Sony, Mircosoft
Numerous vidgaming websites
Warner Bros. Disney
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Poker is..
Gambling
Spectator Sports
Vidgaming