Topic: [HAVELOCK] CasinoBitco.in CBTC - page 6. (Read 149089 times)

I've tried modelling the behavior before. Suspect it's more complex than that.

I was hoping CBTC would comment, because I imagine they have a better fix this than I do!

Why dont we introduce the signature campaign and avatar and get the things promoted on this forum and outside. Or already the plan is in process to develop something in similar fashion?

From looking back through their results I believe you see people gamble more bitcoins (on a USD equivalent) when the price of bitcoin goes up.

Lets see how it plays out in the months ahead

It will be interesting to see the June results in a couple of weeks. Continued consistent profitability would be a big win, as would be evidence that the SEO effort is starting to scale up traffic (I know, early days).

Well done with the positive month and improvements which are being worked on. 

May 2016 Metrics and Financials below.

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

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

Sportsbook:                                  + 6.394 btc
HTML5 Casino:                              + 4.033 btc
Bit777/ PeerBet (CBTC Share):       + 9.09  btc (8.46 from Bit777.com) 
 
Overall Month: +19.517 btc

Noteworthy callouts
Like past months, we've had low volume, but a small profit in our Sportsbook ever since we tightened controls and pushed professional players away. As we roll out our new sportsbook with more markets, options, and higher limits - we face a significant task ahead of us to recapture market share, especially with players who played with us in the past.  We have a plan to do so, highlighted with aggressive Promotions, and organically via SEO as new btc gamblers continue to enter the marketplace.

Surprisingly, we had very good volume and revenue over in http://www.Bit777.com yielding +8.46 btc. We will continue to look into ways to garner more action in Bit777 considering the wealth of games it carries vs BitcoinRush.io.


Development efforts
We are 1 month into our development activities for our new sportsbook and are on-track for an end of July beta-release. As mentioned above, we are ensuring we have the proper attention on marketing and player acquisition efforts after our new book is in place, so that our book gets proper traction in front of the US football season. 

We have also begun conversations with a new UX designer to take a look at redesigning PeerBet.org; however, no commitment to timelines or whether we are going to even pursue this have been made yet.

Our SEO partnership kicked off in Mid-May, we are pleased with some of the foundational work they've outlined for the site so far and look forward to the next 6 months as quality backlinks and content begin to get created to help give us that much-needed lift.

People bet less BTC when BTC is worth more.. For example, someone that has a $1000 bankroll and BTC increases in value and it becomes worth $1500. Most people reduce their bet size and still bet as if they had $1000. A lot of people also hold out and do not bet at all, as they would rather "gamble" on the price increasing further. Basically, increases in Bitcoins value typically lowers volume for Bitcoin based casinos.

In the past, there have been big up/down movements in volume on CBTC that correlated with significant price jumps/decreases. I don't know if anyone ever figured out why.

What type of an impact you are talking about here... care to explain?

@CBTC: do you believe there will be any impact from the recent increase in BTC?

Nah, just someone who isn't named 'underoos' like a retarded Australian fag

>someone that owns a part of the casino!
😂 Owow 😂

Hey, it's a rare 4chanfag. Welcome, let's pretend you aren't a broke 12 year old living with mom but someone that owns a part of the casino!

Is this even worth looking at? Any reviews?

We could just ask @casinobitco what the story is.

You could be right, but unless I can verify this stuff, I tend to trust this: http://offshoresimple.com/MaltaOnlineGamingLicense-ProcessandCost121208.pdf over Anon's story about a guy his cousin knows his customer.
Not trying to be a prick,because absolutely no sport left in this, and I could be 100% wrong, my expertise on this amounts to ~5mins reading. Just one of those "When you hear hoofbeats, think of horses, not zebras" things, hope you understand.

I had a customer a few years ago that was a Canadian company with a Malta Gaming License. My understanding is that they issue to offshore companies from certain countries.

orly? My understanding is that a Malta online gaming license can only be issued to a Malta-registered company. Is OP a Malta-registered company?
OP current with licensing fees, audits, and taxes?

No wonder OP ain't turning a profit, shit's expensive http://offshoresimple.com/MaltaOnlineGamingLicense-ProcessandCost121208.pdf

P.S. sare price should, in theory, reflect company value. Trues, this doesn't work in Bitquestria, where shares are used as poker chips & share price reflects the ((likelihood that a greater fool will be found) * (irrational optimism)), and little else.  
Case in point: AsicMiner, which hasn't existed for years, is trading > 0.

Don't equate stock price with company value.

At relatively low traffic, they're on pace for $40 - 50k this year in profit, after relatively high development expenses.

It sounds like they're just about ready to scale up their traffic level, and if they've got their stats right, their profit should scale as well.

They've been pretty transparent about stuff over time. They also have a Malta Gaming License.

* I agree with you generally about the sketchiness of Havelock, and most (currently all) of the other companies listed on it.

All:

Past 3 mo.:

Issue price:           ฿0.00014000
Current price:        ฿0.00000337
Last dividend paid: 2014-07-04

Excelsior!