G&C has a steady 3% growth per month still. G&C just hired 4 more staff.
If I had not sold, I would have banked 1/3rd of the purchase price by now.
It has a player base that is now 60%+ non US. (US is still more profitable though by far, just slowly picking up good European players. Their playing behaviors are much different.)
What worries me is the thought of Micro leaving the US market, or US deposits drying up. If that happens, things will still go on due to the European player base, but there would be cut backs and lay offs, and very small profits for a while.
No trouble collecting since I had Chris Rusch take care of banking. Very smooth, transparent and legal. There will be no IRS or other problems, everything is out in the open yet fully functional. The bank is aware of the income source and happy. Programs like the ease of payment. That was one of my main concerns, getting that in place before July and UIGEA.
My new ventures will not be profitable for some 2 years I estimate. Of course if I get G&C back, work on these will slow down some, making for a longer lean period.
I have done something one should never do – I have formed a personal attachment to the business. It makes me happy to run it, I enjoy it all, even rolling with the punches. It’s just the right amount of challenge to keep me engaged and allows the right amount of being in charge of my own time. It’s the best business situation I have ever had as far as personal satisfaction goes, and I have grown fond of the life style.