Topic: [HAVELOCK] CasinoBitco.in CBTC - page 11. (Read 149089 times)

August Metrics and Financials below.

Please note August is the 2nd month of the quarter, we will have a full (pdf) report available about a week or two after the quarter finishes.

Monthly Metrics: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=16

P&L - https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo

Sportsbook:         -8.233 btc
HTML5 Casino:     +24.28 btc
Bit777/ PeerBet:  +0.394 btc

Overall Month: +16.441 btc

Noteworthy callouts
PeerBet Sale - We have very solid interest from a handful of potential buyers. The past week we had several technical walkthroughs and are in the midst of ironing out remaining questions as we move into negotiation phases. While we do have a sense of urgency to execute the sale of Peerbet, we remain dedicated to the current userbase at PeerBet and want to ensure a very smooth handoff to a qualified and trustworthy buyer, therefore we have no specific timeframe of when this sale will be completed.

Sportsbook - We were not able to solidify any deal with a third party as the one-time and on-going costs were just too expensive. We do have some custom solutions we can build internally to ensure we are operating at 0-risk; however we are awaiting to see how the month of September (with US Football) goes before we decide to pursue that path or shut the sportsbook down completely.

BitcoinRush - Interest is picking up in our flagship Peer to Peer game as we served nearly 4000 games in the month of August.  We are currently finalizing a redesign which will make it far easier to create a game, and move up the "ladder" to earn more bitcoin, thus creating better action and more commission for the house. This will be launched this month, and once launched - we will spend some money in advertising this very unique game to the marketplace.

Running into VPN issues with the office - so will monthly financials will be delayed about a day.

Got it. I wasn't aware we were only doing quarterly dividends here, .

Aug is just the 2nd month of the quarter, so no dividends this month even if we broke records. We will sort out any potential dividends after the end of the quarter  (September)

Re PeerBet sale: We will treat it like revenue (after expenses incurred and liabilities - normal stuff here); however, anyone that follows up closely knows we have a few bad quarters to dig out of, so the proceeds will go towards that. Anything left over is returned to investors with respect to our normal dividend distribution model.

Just hoping we're on the right track for dividends, .

BTW, @CBTC... what happens with the proceeds from the Peerbet sale? Are those dividends or?

In that case, sorry for being a pest!

Coming tomorrow, Close of Business!

So how about those August numbers?

Regarding the last post I've been about to ask - can you provide us some info about your bookmaker? Does he/she has experiences from some "real business"? . . .

Thanks for the update, I hope you will be able to keep your sportsbook and hopefully add more options over time. However I like the bitcoin rush game and new website. 

I found this interesting article on the art of bookmaking, I didn't really understand how bookmakers balance out their books but it seems to make sense. Are you actively managing your risk on the sportsbook? I guess having a third party manage risk means you can develop other areas of the site.

https://betting.betfair.com/the-art-of-bookmaking.html

Two thumbs up!

Hi jrlichtman  (and others)

I apologize for the slip in communication.

Our numbers are always posted in our public documents, usually on the first of the month - but it could slip a few days. We will post monthly metrics consistently, but the full report will shift to quarterly.

Monthly Metrics: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=16

P&L - https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo

Sportsbook:        -2.75 btc
HTML5 Casino:    +12.835 btc
Bit777/ PeerBet: -0.815 btc

Obviously, we are in the midst of a pretty big transformation, starting with a drastic cut in expenses across the board. As most have seen, we are also looking to sell our position in PeerBet.org and Bit777.com as we do not have the necessary resources to effectively grow and market those properties. 

Aside from cutting costs, our main focus for the foreseeable future is advancing BitcoinRush.io, and turning a profit so we can get back to producing quarterly dividends. Our VIP (daily comp) program has yielded an increase in action (and revenue) in our casino, and we have partnered with a new SEO firm that has hands-on experience in the competitive online gaming (iGaming) marketplace.

As we approach the busiest season for us, we are looking at various options with our Sportsbook, including cutting it completely or finding another 3rd party to manage the risk. We've been searching for months without success, so if someone has a referral - please let us know.

You can find a few on the Bit777/Peerbet for sale page https://bitcointalksearch.org/topic/deleted-1155004

Still no July numbers?

Dividends are one thing. If they want to be taken seriously though, they need to act predictably. One way is to reliably produce monthly reports on time.

If I understand correctly from the past, they're "net" profitable most months, but are still spending a lot of money on software development. Hopefully at some point that switches over to spending a small fortune on marketing. My guess is that it will be a while before dividends resume.

I think this is what the reference was to in terms of giving the report this week.

I'd like a rundown of how close we are to getting dividends, though. I've read through the financials each month but I don't understand what determines whether or not a dividend is paid, and if so, how much. I'd like to see if we're moving in the right path towards earning them, or if that's still in limbo due to P/L.

How about the July numbers?

Glad to hear it!