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CYBV Cyberview

193.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Cyberview Investors - CYBV

Cyberview Investors - CYBV

Share Name Share Symbol Market Stock Type
Cyberview CYBV London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 193.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
193.50
more quote information »

Top Investor Posts

Top Posts
Posted at 04/6/2008 13:27 by the analyst
Can currently sell for 190p, possibly 195p, which is the expected initial distribution. There is then the possibility of another 20p (about an extra 10% or so), but it could take up to three years to get that. So, selling at around 195p and putting the money in a high interest account seems a good option on the surface.

However...

This is far from a done deal. The company is very tightly held, yet just looking at the current Irrevocable undertakings of 33%, possibly 44% depending on 'certain circumstances' tells us that many investors are not happy with this deal. Over 90% of the holders will have been contacted, but less than half have accepted it and that includes directors that have a golden deal at IGT to follow.

So, I will wait for the EGM and attend to see what develops. My guess is that it will be rejected and IGT will have to make a higher offer (with simpler terms?) to get the percentage vote they need.
Posted at 08/2/2008 19:27 by the analyst
Larry Woolf is on the board of directors and he is the founder and CEO of Navegante Gaming:

Navegante Gaming
Navegante Gaming is an elite corps of professionals in the hotel/casino/resort industry. Our executive team has years of experience and an extended network to help facilitate casino management operations. Navegante manages all types of properties, large or small, domestic or international.
Navegante has developed a reputation of making fast, but experienced decisions and will start operating with a handshake. By keeping Navegante's core executive team small, operations are never stalled by the well-known corporate red tape, and all decisions are quickly acted upon. Navegante is in an enviable position to be able to select management projects and/or partners with which it gets involved. Navegante never takes on projects solely for financial gain; Navegante first ascertains whether or not it can add value. This type of philosophy has helped Navegante's management opportunities grow and earned the esteemed reputation as the GO-TO company when investors need management assistance.
Navegante Gaming is currently managing the following properties:
Casino Fandango – Carson City NV (Owner/Operator)
Plaza Hotel & Casino – Las Vegas, NV (Investor Managed)
Las Vegas Club – Las Vegas, NV (Investor Managed)
Western Hotel & Casino – Las Vegas, NV (Investor Managed)
Goldspike Hotel & Casino – Las Vegas, NV (Investor Managed)
Grand Sierra Resort – Las Vegas, NV (Investor Managed)
PlayElko – Las Vegas, NV (Investor Managed)
Our current portfolio consists of over 2500 hotel rooms, 75 table games, and 2500+ gaming devices.
Posted at 08/12/2007 18:04 by the analyst
December 07, 2007
Stretching out the fun time



'Guaranteed Play' machines provide a set number of hands for a set price

By Liz Benston
Las Vegas Sun


Sometimes, slot machine makers think they've come up with a better mouse trap, and the mice don't bite.

Consider this year's introduction of a machine feature called "Guaranteed Play."

It was hailed as a revolution in the casino industry - so promising it would even seduce gamblers who normally would walk right by slot machines.

It guarantees players a minimum number of hands or "spins" for their money. The lure for the gambler is that the guaranteed number of spins might be more than he would have had by playing the old-fashioned way until his money ran out.

There was talk of adding the guarantee feature to nearly every slot machine and table game because some gamblers value the time spent playing as entertainment and fear having it cut short by losing streak.

But some gamblers didn't buy the hype.

"I think it's kind of weird," said Steve Hogue, playing video poker and keno the other day at the Red Rock Resort. "I just didn't get it."

Guaranteed Play, offered in the Las Vegas area only at Station Casinos properties into next year, claims to offer video poker players the same odds as many regular, pay-per-hand games. But players can expect to often get more hands for their money, and thus more time, on a Guaranteed Play machine.

A poker machine, for example, promises quarter players 75 hands for $20 and dollar players 200 hands for $40.

Many players who prefer to while away time at the machines have gravitated toward "penny" slots, which extend gambling time by allowing wagers in smaller increments.

Guaranteed Play is a more radical step in that direction - drawing out play by promising a minimum number of spins for the initial bet.

That promise can appease some players who have complained a particular slot machine swallowed their money too quickly, Station executives say.

Still, some players aren't feeling satiated, and some feel deceived - even cheated - by the games, because of how they handle payouts.

Doug, a Florida resident who wouldn't give his last name, frequents Red Rock for video poker. But he quickly soured on Guaranteed Play because it requires gamblers to play through their hands before cashing out any positive balances

Also off-putting to gamblers: The credit meter starts with a zero balance and heads into negative numbers as losses grow, as opposed to credit meters on traditional slots, which begin with the positive balance of the gambler's deposit and remain in positive territory until, at worst, zero credits remain.

Either way, the same amount of money would have been lost, but one appears more painful to watch than the other.

For Doug, seeing his true losses accumulate was like watching his cash swirl down a drain. After a few spins, "you're usually down (credits) and digging yourself out of a hole," he said.

Station says the overall response to the games, hyped in an unprecedented promotion that invited more than 20,000 customers to try out the games on the company's dime, has been positive because players are gambling longer for less money.

The feature is a work in progress.

Connecticut inventor Jay Walker and slot maker International Game Technology, an investor and business partner in Guaranteed Play, approached Station executives in 2005 with the idea.

Station bosses viewed it as a milestone in the evolution of gambling that deserved more time, and further research, to flower.

Station has been gathering feedback on the machines from gamblers in focus groups and on the floor - a patient break-in for an industry where conventional slots normally have to prove their value within months or risk being pulled from the casino.

Anthony Curtis, publisher of the Las Vegas Advisor newsletter, says the guarantee feature isn't for math experts who seek the highest possible return for each hand. But "there's a million positives" for casual players who want more gambling time for their money, he said.

"The public is afraid of it" but was also apprehensive of ticket machines before those overtook coin-operated slots after a few years, Curtis said.

Last month, a competitor unveiled a similar feature, "Time Gaming," that was under development a few years before the release of Guaranteed Play yet still requires regulatory approval in Nevada.

Created by Cyberview Technology, with offices in London and Las Vegas, the concept allows players to pay for a certain amount of gambling time.

After the gambler deposits his opening balance, more credits are wagered for every second that lapses before the next spin. It allows players to make a few large bets or a greater number of smaller bets over the course of the purchased amount of time. Cyberview's games show a time clock instead of a credit meter, and players can cash out winnings at any time.

Paying for time is easier for novices to grasp than paying for hands or spins, Cyberview's chief systems architect, Thierry Brunet de Courssou, said.

"Instead of sitting down and then leaving again because your money has been gobbled up in two minutes, you can come in and play for an hour while you enjoy a beer," de Courssou said. Gambling becomes predictable entertainment for couples and friends because their sessions will finish at about the same time, allowing them to plan other activities before and after, he said.

Some players have gotten over their initial skepticism of Guaranteed Play and aren't troubled by the credit meter because they know they are probably going to lose their bet anyway, said Jay Fennel, director of corporate slot operations at Station Casinos.

"Players come here knowing they're going to spend that $20 and that's in their wallet," Fennel said. "They want more time at the machine."

Even as skepticism swirls around Guaranteed Play, Station executives are even more bullish as they discuss future applications for the technology. Eventually, they say, the concept will spread to spinning reel slots and even table games as a way to package gambling offerings like any other amenity, such as a meal, a show or a hotel room.

"This is just the tip of the iceberg," Fennel said. "Gamblers are finicky, superstitious and very resistant to change. We are just trying to get people to try it."

Liz Benston can be reached at 259-4077 or at benston@lasvegassun.com.
Posted at 14/11/2007 12:38 by the analyst
Wave hello to tomorrow
13 November 2007


by Howard Stutz

Las Vegas Gaming Wire

LAS VEGAS, Nevada -- For some casino operators, the Global Gaming Expo serves as a preview to the future. Others want to know what can go on their gaming floors immediately.

This year's industry trade show opens today at the Las Vegas Convention Center and the focus remains on server-based gaming.

Slot machine makers, such as International Game Technology and WMS Gaming, are touting their newest server-based gaming equipment. Other gaming equipment providers, such as Bally Technologies, will show off a wide spectrum of gambling machines.

Wall Street has viewed server-based technology, which could let casino operators better manage their slot machine area and have greater flexibility in what they can offer customers, as the next wave in gambling.

Conceivably, downloadable gaming would allow casino managers to change a slot machine's games, denominations, bonus payouts and promotions from a central computer server rather than requiring technicians to perform the work manually. In some forms, the server-based systems would allow customers to change out their games themselves.

Most slot machine company executives admit server-based gaming systems, being tested in several markets, are still a year or so away from the slot floor.

The buzz surrounding the show and the various products could boost slot makers in the financial markets this week, Goldman Sachs gaming analyst Steven Kent said. With a significant number of new gambling products on display, and the potential for a "major evolution" as central server technology unfolds, Kent said the recent downdraft in some of the major gaming stocks could be reversed.

"The G2E convention is where all of the new slot machines and gaming technology is debuted in a massive trade show," Kent said a note to investors last week. "We think the gaming equipment and gaming operator stocks could experience a bounce."

In addition to the trade show, which is closed to the general public, the convention features seminars on the industry and financial presentations by most of gaming's publicly traded casino operators and gaming equipment makers.

Two of the cast members from the Home Box Office television series, "The Sopranos," James Gandolfini and Steve Schirripa, will cut the ribbon for the trade show. Aristocrat Technologies is marketing a Sopranos-themed slot machine.

The star of the G2E is the trade show, which will feature 750 exhibitors inside the 330,000 exhibit hall.

When Dan Garrow, chief technology officer for the Mohegan Sun casino in southeastern Connecticut, walks through the Expo, his concern is the available of products for his casino immediately.

The Mohegan Sun now has 6,000 slot machines through out the 300,000 square foot gaming space. Another 1,000 slot machines are expected to be housed inside a 64,000 square foot expansion that opens next year.

Garrow, isn't concerned as much about server-based gaming as he is with making sure Mohegan Sun patrons will have the newest gambling technology available to them immediately.

"We're already doing projects in front of server-based gaming, such as running fiber optic cables to the bases of all slot machine banks," Garrow said. "We're preparing for the future, but we're focused on other things. It's also hard to prepare for the future when you don't know what the future will be."

Garrow said once server-based gaming becomes more widespread in the industry, Mohegan Sun slot officials will have a better idea how to bring the content to the casino floor.

"I think for a while, it will be a small part of the slot machine floor," Garrow said.

The future is what interests Anthony Marnell III, president of the under-construction M Resort in Henderson. The $1 billion hotel-casino won't open until 2009, so Marnell has interest in the future slot machine offerings. Last week, while showing off the M's construction site, Marnell said he plans on spending three days exploring what the a casino might be able to offer customers in 2009.

"Our goal is to try to be the first to offer some of the new gaming technology when it becomes available," Marnell said. "We're going to spend three days at G2E trying to figure out what that might be."

< Gaming News
Posted at 31/7/2007 14:04 by the analyst
Now up 35% in the last 5 days.

The large stake taken by Societe General indicates to me that Cyberview are doing the rounds in the city. Investor presentations and the likes.

The buys seem to have taken up the overhang that was created when the shares were in a downtrend - it is now almost impossible to buy without moving the price up.

Wonder if we'll get an announcment about the other big trades that went through last week?

Interesting times.
Posted at 29/5/2007 14:03 by the analyst
Probably too much to ask, but with very little trading here and a downward trend, it would be nice (for potential investors waiting on the sidelines) to see it drop further, say to 120p - would then be able to buy at a market cap very close to cash levels.
Posted at 22/5/2007 13:39 by the analyst
Server-based gaming is wave of slot future
30 April 2007
by Howard Stutz

Las Vegas Gaming Wire

Despite nearly a half-decade of development and millions of dollars invested in research and testing, slot machine manufacturers are still a few years away from bringing server-based gaming -- often referred to as downloadable technology -- to casino floors.

Wall Street has viewed the technology, which could let casino operators better manage their slot machine area and have greater flexibility in what they can offer customers, as the next wave in gambling.

Conceivably, downloadable technology would allow casino managers to change a slot machine's games, denominations, bonus payouts and promotions from a central computer server rather than requiring technicians to perform the work manually.

Investors believe equipment makers will harvest a financial windfall from a cycle in which older games are supplanted by newer models. Profits could be similar to the monetary heyday the manufacturers experienced earlier in the decade when cashless gaming -- ticket in-ticket out technology -- energized a mass replacement of slot machines and fueled record earnings and chart-topping stock prices for game providers.

"Although general concerns remain with respect to the timing of server-based gaming, as well as the industry's commitment to it, we believe that it is both on track and is well embraced," Deutsche Bank gaming analyst Bill Lerner said in an April 12 note to investors.

He said Nevada gaming authorities have established regulations and testing protocols that could bring the products to market more quickly than in any other jurisdiction.

"The industry is on track for widespread server-based gaming implementation in 2009, and likely contributing materially to earnings of gaming equipment supplies beginning in mid-2008 as the replacement cycle heats up," Lerner said.

Many equipment makers are spending heavily in research and development for server-based gaming products, hoping for a significant return on their investment, industry analysts said.

Slot machine giant International Game Technology, which has a market share of more than 60 percent of all the casino floors nationwide, averages close to $50 million a quarter in research and development costs. WMS Industries said it spent $49 million last year in the same area, while Bally Technologies' research expenditures have grown from $36.6 million in 2004 to $45.1 million in 2006.

Representatives of the slot machine manufacturers said the companies don't break out the percentage of the dollars spent on server-based gaming initiatives, but it is the primary item for development budgets.

"It's really a continuation of the increased automation of the casino floor that began in the late 1990s," said Patrick Cavanaugh, who oversees investor relations for IGT. "A belief in the future of sever-based gaming is the major reason for anybody who buys our stock and is holding on to it for the long term."

WMS Industries' investor relations spokesman Bill Pfund said server-based gaming is the company's primary focus for product research.

"We'll probably up the figure that we spend on R and D this year," Pfund said. "Server-based initiatives will be a goodly portion of that amount."

Gaming analysts said the casino industry remains interested in server-based gaming but are unsure how much slot machine floor space they'll give the games. During its annual survey of slot-floor managers, Wall Street investment firm Goldman Sachs found that casino operators are only willing to initially devote about a quarter of their slot floor to the new machines.

One question, it seems, is security.

"Security risks and technology problems have been steadily declining as concerns for downloadable gaming," wrote analyst Steven Kent in the March 5 survey for Goldman Sachs. He said a rising worry among slot managers is that customers may not accept the technology.

Kent thought that companies such as IGT must more aggressively sell the product's benefits. Many analysts see IGT as well ahead of other manufacturers in developing server-based machines.

"IGT needs to explain why customers will want downloadable," Kent wrote. "IGT has not yet fully showcased the true front-end game applications associated with downloadable. Right now, IGT is mainly focused on testing the technology and game architecture. We expect that, over the next year, as IGT shows all the capabilities of downloadable, its applications to the consumer will become clearer."

Prudential Equity Group gaming analyst Joel Simkins found during meetings with representatives of the major casino operators that there is not a clear understanding as to what sever-based gaming will offer.

"IGT and other suppliers will need to do a better job of communicating not only the top-line benefits of new technology, but also the cost saving opportunities," Simkins said in a note to investors. "During our meeting with MGM Mirage management, (company executives) indicated (the company) is in no rush to deploy server-based technology currently, particularly given its relatively recent and significant investment in ticket in-ticket out technology. While MGM Mirage management could be posturing, we think this is significant given that this is one of IGT's most important customers."

Slot makers have been unveiling some server-based gaming concepts in the market, but not the complete system.

IGT began testing the technology last year, initially at the Barona Valley Ranch in San Diego and Treasure Island. Other prototypes of the company's server-based slot machines are in tests at MGM Grand Detroit and at Ameristar St. Charles, outside St. Louis.

Cavanaugh said customers at those casinos, however, have little idea they are testing potentially ground-breaking slot machine advancements. The slots look and function like any other IGT game. The company is testing the product's behind-the-scenes capabilities.

"Through this year and next, we're on track to continue to work on our core technologies," Cavanaugh said. "We have a robust set of applications under development and what is being tested is the core functionality of the system. We're taking the broadest, most wholesale view in the operational aspects of the product."

Illinois-based WMS uses server-based technology in the company's widely distributed Monopoly Big Event slot machine game. The bonusing feature is operated off a central server.

WMS Chief Operating Officer Orrin Edidin said the server-based products for all equipment makers will have similar administrative and accounting functions. He said the key is to show casino operators that players are ready to embrace the new technology.

"We're a game content company and we need to develop the content that will produce the highest-earning games on the casino floor," Edidin said. "That's why we took an approach to focus on the customer. We don't want to overwhelm the player's experience, but we want to give them a sample of the product. We think Big Event is a good example of the kind of game content operators and players can expect to see facilitated by server-based gaming."

Bally Technologies is expected to begin testing its first server-based slot machine system at a Southern California Indian casino this summer.

"Everyone is grasping at the functionality of the system," said Jeff Allen, Bally's director of business development. "We don't want to do anything that takes away from a player's ultimate gaming experience."

Nevada Gaming Control Board member Mark Clayton said the casino operators he has spoken with are concerned about the initial flood of products that could invade the market.

In addition to the leading American slot makers, new companies are looking to enter the picture. Cyberview Technology, which is headquartered in London and provides server-based gaming products to casinos in Europe, has applied for a Nevada gaming license.

Clayton said the casinos want the servers and slot machines of different companies to be able to communicate with each other.

"The biggest area of concern is that there will be five different servers for five different sets of slots," said Clayton, who has purview over the control board's steering committee that is working on implementing the technology in Nevada casinos. "The operators seem to want to have one server that would take care of all the server-based machines regardless of company, and that seems to be the direction we're headed."

Clayton said regulations for numerous applications, such as how and when to change out a game through the central server, have been written and are ready to apply. For example, casino operators are only able to change out features such as games, pay tables or bonuses when a machine has been idle for four straight minutes.

Clayton doesn't believe casinos will be in a mad rush to inundate their floors with overwhelming technology.

"The operators were excited initially about the potential, but there seems to be a scaling back of expectations," Clayton said.

"It seems there will be more of a baby-step approach to the implementation. It will take time for the technology to evolve," he said.

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