Northstar Gaming Looks Solid And AwesomeI have been going over as many things about the companys offerings as i can to educate myself as to what i have bought into and holding. There is way too much facts and information that without having it in front of me or having a photographic memory it is not something i want to talk about too specifically but there are a few things that i do remember which I hope I dont mistate them:
1) and by far the biggest is that Northstar is heavily and legally regulated. It talks about grey markets and not operating in them but instead right off the bat operates in a highly and tightly regulated local markets. This is huge for me as in the past i had speculated on companies mostly stating they regulate in overseas market that "permitted gaming and gambling" many of what included places in Ireland London China and was trying to build into North America. Those companies went under but whether it was poorly planned growth or something else i cant speak to although i wonder if those companies were operating in the grey? I prefer this approach a million times over.
So far in Canada i dont know of any other market than Ontario that is at this time eligeable to Northstar because od the gambling laws. Ontario is one third of the overall Canadian market with the rest of the provinces and territories equaling the rest so growth outside of tightly regulated markets is contingent on when more markets have legalized gaming like Ontario along with growing more within Ontario as well as others Northstar gets into. The write up made mention of Buffalo so I am taking it that there may be some key US Markets the company is looking to expand into which legally allows sports and online gambling.
There are lots of different casino games and payouts etc and looks real interesting. Apparently the online gambling looks to be in its "infancy stage" and growing. There seems to be quite a few things available on the site that can keep people busy.
On the sports betting side i loved the incentive of winning bets on sports. I think it is up to 3 as i did not see more as an example. There is a $25 minimum bet where if someone selects in any sport be it hockey baseball football etc if someone places a bet on a player stating they will score 1 goal in a hockey game for instance and they do the people who get it right win the prize and get the $25 in wagers which is a cool idea so that lets say the prize was $75 they get that in cash to their account and a free wager if given the minimum is $25. If there is 2 and 3 of something goals say in hockey as to my recollection and understanding the people who bet and got it right get up to another $25 bonus max making it $50 in added wagers plus the prize. The bonus won wagers from my understanding are like free bets and are not cashable and do have a time frame as to when they expire from my recollection. The one thing i am not clear on is if someone wagers say Sydney Crosby in hockey scores 1 goal and he scores 3 in that one game do all those who said he would score 1 get $25 in bonus wagers and did they win some prize despite him scoring 3 or no just possibly the bonus bet? I am not too clear on this it doesnt seem that clearly written unless i am not getting it. Having said this that is quite an interesting way to get people interested and betting I love that thinking.
In the online casino side again if i am remembering and understanding correctly there is an ongoing promo until it is stated to be closed and that is a person will be given up to a matched $1000 of extra money to use. Again there is a bit of ambiguity as to the stipulation but it looks to me in the initial account deposit. For instance if someone opens an account ans initially puts in $200 Northstar will match it but it seems to me that it is a one shot thing that whatever one puts in not cumulatively does so is matched. I dont know if there is something more to this meaning if there are tiered amounts meaning say if someone puts in $50 to $100 they get $25 $100 to $200 say $55 etc that type of thing or if it is a simple straight match which i think it may be for ease and to encourage more gambling.
I forget if there is an expiry period but i do remember there are exclusions to certain slots for instance. I also recall unlike the sports wager of winning free bets which dont allow a person to have it cashed out as cash as its purpose is more like a free ticket in addition to the cash prize the
online gaming match/bonus can be cashed out and that
makes sense at least to me it does as these are more random than having better odds in betting on a single players performance during any game. Regardless, i love this idea as well as it bolsters ones ability to have a bit more money to use and gamble with and the promo does its job encourages further gambling.
In so far as payouts and peoples comments on them there are those who win are happy those who dont and are not as well as those among non winners who accept that not everyone or anyone will win all the time as everything is randomized and the house has to make money to keep operating.
So far, the company has logical and fun promos that will likely keep people interested and betting as well as doing everything above boards and by the books in being very tightly regulated. I like what i see here and convinced that this speculative stock buy is a very solid one especially looking longer term. I feel comfortable and confident that this company will continue to grow and has an excellent future. Time will tell what that equates to in regards to share price.