World Series of Golf (WSGF) conducts golf tournaments for celebrities and popular athletes under a patent-pending scoring formula that is akin to the wildly popular Texas hold ‘em poker tournaments seen on television. In addition, the company publishes GolfWorld, a weekly subscriber based publication, and Vegas Golfer magazine, which provides a special annual issue covering the World Series of Golf. The company also sells various World Series of Golf logo and branded merchandise through its online store.

World Series of Golf’s tournaments feature many of the same principles as televised poker events. Each year, CBS airs a World Series of Golf tournament for amateurs only featuring a $10,000 “buy in” and wagering on every shot by the various participants. Players are divided into groups of four for each tournament and can bet or decline a bet on each shot, much the same way poker players can bet on each hand

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With the Beijing Olympics now over, we wanted to get caught up with how the Chinese stock markets have been performing, especially in light of a slowdown in the U.S. market. Zacks senior analyst Paul Cheung, CFA was on hand with his thoughts.

Were there many surprises in quarterly earnings for Chinese companies under coverage?

By far most Chinese companies in my coverage performed as expected. Some Internet companies even announced results which exceeded the market consensus.

The slowing economy in the U.S. and now elsewhere has created a drag on many industries. Is China feeling the impact of this?

The slowing economy in the U.S. has resulted in a slowdown of the Chinese economy. In addition to the slowdown of the Chinese economy, high inflation rates have led to high pressure on earnings of Chinese companies. Among those, Internet companies should be in better position than other Chinese companies to

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With the Beijing Olympics now more than half-way over, we wanted to get caught up with how the Chinese stock markets have been performing, especially in light of a slowdown in the U.S. market. Zacks senior analyst Paul Cheung, CFA was on hand with his thoughts.

Were there many surprises in quarterly earnings for Chinese companies under coverage?

By far most Chinese companies in my coverage performed as expected. Some Internet companies even announced results which exceeded the market consensus.

The slowing economy in the U.S. and now elsewhere has created a drag on many industries. Is China feeling the impact of this?

The slowing economy in the U.S. has resulted in a slowdown of the Chinese economy. In addition to the slowdown of the Chinese economy, high inflation rates have led to high pressure on earnings of Chinese companies. Among those, Internet companies should be in better position than other

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Joytoto USA Inc. (JYTO.OB) has announced that it plans to distribute the popular Korean online game, “Gersang”, on its U.S. site. The game will be marketed as “The Great Merchant” on the U.S. website. Work continues on the English translation, which should be completed and available for closed beta service during the fourth quarter of 2008.

Joytoto selected “The Great Merchant” for U.S. release due to its popularity in the Korean online gaming market. This game is one of the most successful Massively Multi-Player Online Role Playing Games (MMORPG) that Joytoto has released to the Korean market. Daum, which is South Korea’s second-largest web portal and search engine, rated the Korean release of the game as the fourth most popular online game played in Korea. The game has also received a variety of awards, including the Korean Entertainment Grand Prize.

Online gaming is one of Joytoto’s business segments. Joytoto

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This week, Joytoto USA, Inc. announced the launch of its first online game to be available for download in the US, “Pang Pang Terrible”. It is one of the first online, first-person shooter games to allow character customization, and has a ‘cartoon’ feel to appeal to younger players.

Joytoto has had several successful game launches in Korea, and will now attempt to capture the attention of American gamers. This is part of the company’s ongoing expansion strategy, which has been progressing rapidly in 2008. The game will be available through Joytoto’s distribution portal, playolive.com.

Regarding the release of the new title, CEO Michael Cho states: “We are very excited about our first downloadable online game release, as it demonstrates our commitment to the US online gaming market and the growing demand of the US consumer. The company continues to commit a substantial amount of time and resources

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