zagraniczniak:
Chad,
1)
A couple of other issues related to development
of new HD courses. While we are not privy to the financial arrangements between
WGT, the course or club, and the golfing organization (such as the USGA or
R&A), some overview of how this works might help WGT members to understand
better how the course development works.
2)
The US Open and British Open venues are oftentimes
extremely private clubs, so that the golf club itself has no interest in
generating greens fees from its cooperation with WGT. But there is a very real
business opportunity, it seems to me, for the leading golf resorts to have their
courses developed in HD for WGT. It is great advertising for their courses, and
you can imagine that lots of WGT members would want to play those courses in
real life. We have a couple of these resort courses in the Trugolf format, but
why not--for example--develop Wolf Creek in full HD? It would be a win/win for
WGT and for the resort operator in a way that would not be true for an
exclusive private club with a long waiting list for membership. Here there
would be just two parties involved: WGT and the resort operator.
Thanks!
Zag
good post ..
it would be interesting to me to understand WGT's capital formation & how they plan to expand the game and platform .. i believe WGT can be considered a fledgeling company still in the process of consolidating its financial foundation & expansion opportunities ..
i understand it's not a listed company & that equity is held privately ? which makes it unlikely that they would disclose their financial position to the public at large .. as is their right of course ..
i also understand that most of the profits generated are absorbed into equity & not necessarily distributed amongst shareholders in order to enable WGT to expand its platform & diversity of gaming ..
this is merely my estimate from what i've picked up off the forums .. so i assume it would be safe to say that WGT subscribes to sound financial management priciples build on generally accepted accounting practise ?
just wondering as someone who's in that line of work myself ..