American Wagering Inc. (BETM.OB)

American Wagering, Inc., through its subsidiaries, operates in the race and sports industry. It owns and operates a network of race and sports wagering facilities in leased space within nonrestricted casinos in the state of Nevada. As of April 11, 2008, it operated 62 race and sports wagering locations. The company also designs, sells, installs, and maintains computerized race and sports wagering systems. In addition, it develops and leases self-service race and sports wagering kiosks to the gaming industry; and operates hotel and casino properties. The company was founded in 1995 and is based in Las Vegas, Nevada.

For the six months ended 31 July 2006, American Wagering, Inc.'s revenues increased 49% to $9.4M. Net income applicable to Common totaled $1.6M, up from $741K. Revenues reflect increased turnover due to higher CBS system sales resulting from completion of system upgrades and the acquisition of Sturgeon's, LLC. Net income also reflects increased interest income and the absence of reorganization expense.