Profitable and Growing Casino Website for Sale - page 2.

len01

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Quote from: QueenVera on December 03, 2022, 09:23:06 PM

I've come across this very thread for so long and I still wonder why the OP haven't made some adjustments on the post if he truly wantes to sell it out.
The price is way too high and your reasons for selling are so funny and it seems the seller wasn't the original creator of that very website and now wants to handover what he couldn't manage to someone else.
I hope you also take out your time to read most of the comments because it will help you make alot of positive and favourable adjustments for you and aso aid in a more faster sale of this domain.

What makes me even more surprised and curious is, if the gambling website that he is selling is able to provide a definite profit and it has been stated how much the profit is every 6 months and has several sources of profit, why is he selling it. wouldn't it be better if he managed it himself and would make more profit.
well, maybe he is unable to manage the gambling and develop it so that the gambling website has a high demand in the future. but actually if he wanted, he could hire someone to manage his website instead of having to sell it.
if it does produce maybe it doesn't need to be sold.

paxmao

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Do not die for Putin

As usual, I have a though on why would anyone sell a profitable cash making machine, as that is what a casino is really. I would like to know more about the owner in the first place and understand if it is an entrepeneur and has a good reputation, in which case this is a valid exit strategy. As Buffet said one, there are many reasons to sell a stock but there is only one reason to buy

mak013

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Quote from: EarnOnVictor on December 09, 2022, 05:38:34 AM

Quote from: bmfhost on November 24, 2022, 04:58:33 AM

For sale is an online growing casino website, generating in the last 6 months an average of $47,259.96, and growing.

Annual turnover: 425.693 EUR

Operating profit (EBITDA): 411.886 EUR

Turnover from previous years: 385.905 EUR

I relied on the above data to make my reply earlier, and you should be sensitive to deals like this so that people will not make the fool out of you. I hope you read the first line very well, and according to my knowledge of it, the OP claims that $47,259.96 was made in 6 months. So long as he didn't include 'monthly', I will go by the 6 months. Meaning $47,259.96/6 = $7,876.66 per month.

Also, he was clever to use a dot(.) on the annual turnover, operating profit and previous years' turnover, which made me disregard it since his values were thorough on the first line which has a dot and comma, why not in the rest? This deal is sketchy, it's not advisable even if the offer is still active.

If we count as i said - we can get same profit in the all statement. If we count as you - we have nothing common between statemant. There are three cases: a)if i`m mistaken and you are right - in this way the OP cheating us; b) if i`m right and you`re mistaken - the OP is a good seller(probably); c) if we both are mistaken and the OP just imagined that`s all to cheat someone.
Anyway i don`t think that someone, who is ready to spend $1.5kk willn`t check every moment and make total research before the deal. It would be easier to cheat if the sum is about $1-15 thousands.

Desmong

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Crypto bookmaker and casino

Quote from: samuraijin on December 12, 2022, 08:19:13 AM

Quote from: sunsilk on December 01, 2022, 02:40:59 AM

Quote from: Yatsan on November 30, 2022, 07:51:41 AM

Quote from: sunsilk on November 29, 2022, 09:34:13 PM

There are businessmen that has this strategy of buying established ones and that's totally fine. If you think that you can create your own brand and make it a well established casino or business then that's on you.

But for a businessman that just wants to acquire businesses just what Elon did to Twitter, that's really happening even in the casino industry.

Although, on the case of OP, it's a lot and the valuation is that much. Maybe go somewhere else aside from flippa.com like in dragon's den or shark tank. Tongue

Indeed happening not only in this industry but also to real estate businesses. But there are factors being considered if you are about to buy an established business or platform perhaps in this case. Factors such as its reputation if it was released to the market already, and if it would be more profitable to do so than to build a new one regarding costing. Buyer would surely know the answer because he's the one to gauge risks. Ofcourse potential buyers would also do the same thing. Another thing is if there will be things to add on this platform which would mean additional costing for the platform. All of these, just to measure if it would be worth buying something.

The acquisitors like to have most of these businesses are already working on and was able to generate money for them to be convinced. The better numbers and profits, the higher chance of them to buy it.

They're all for an operating business that will genetate them passive income. The valuation varies and most that I've seen are just the owner of the business' valuation and that's why they're quite high and expensive.

Will it be successful after changing hands from before, in fact it is very rare, even though it depends on how it is managed, it is indeed profitable but on the other hand what breakthroughs will be made when a businessman acquires his company, usually there is a difference when switching companies, although the assessment varies but not so many do it, because the company's restitution will benefit them, and even that will have a high selling value, in contrast to the opposite, it will even harm the buyer...

There are so many risk the buyers will need to understand so that he can look for a better development that will fix the loopholes that could be available in the site. There is many things that the new users and owners will need to work on so that they will not have problem later that could lead to some bigger problems.

samuraijin

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20BET - Premium Casino & Sportsbook

Quote from: sunsilk on December 01, 2022, 02:40:59 AM

Quote from: Yatsan on November 30, 2022, 07:51:41 AM

Quote from: sunsilk on November 29, 2022, 09:34:13 PM

There are businessmen that has this strategy of buying established ones and that's totally fine. If you think that you can create your own brand and make it a well established casino or business then that's on you.

But for a businessman that just wants to acquire businesses just what Elon did to Twitter, that's really happening even in the casino industry.

Although, on the case of OP, it's a lot and the valuation is that much. Maybe go somewhere else aside from flippa.com like in dragon's den or shark tank. Tongue

Indeed happening not only in this industry but also to real estate businesses. But there are factors being considered if you are about to buy an established business or platform perhaps in this case. Factors such as its reputation if it was released to the market already, and if it would be more profitable to do so than to build a new one regarding costing. Buyer would surely know the answer because he's the one to gauge risks. Ofcourse potential buyers would also do the same thing. Another thing is if there will be things to add on this platform which would mean additional costing for the platform. All of these, just to measure if it would be worth buying something.

The acquisitors like to have most of these businesses are already working on and was able to generate money for them to be convinced. The better numbers and profits, the higher chance of them to buy it.

They're all for an operating business that will genetate them passive income. The valuation varies and most that I've seen are just the owner of the business' valuation and that's why they're quite high and expensive.

Will it be successful after changing hands from before, in fact it is very rare, even though it depends on how it is managed, it is indeed profitable but on the other hand what breakthroughs will be made when a businessman acquires his company, usually there is a difference when switching companies, although the assessment varies but not so many do it, because the company's restitution will benefit them, and even that will have a high selling value, in contrast to the opposite, it will even harm the buyer...

EarnOnVictor

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Leading Crypto Sports Betting & Casino Platform

Quote from: mak013 on December 09, 2022, 05:08:37 AM

Quote from: EarnOnVictor on December 05, 2022, 07:59:58 AM

Quote from: mak013 on December 01, 2022, 07:20:23 AM

It is possible that he doesn`t interesting to communicate here. He left contacts in the first post.

I don`t how the casino works, but if he is telling truth - the ROI is about 3 years is good enough. But it must be researched seriously before deal, with some financial and gambling specialists. The same time i think that it is possible to spend this money more clever - get a good dev team, create a new casino and promote it. It is possible that it will take more time, but i sure that it will be cheaper and you willn`t have any doubts in the deal.

This is generally not worth it even if the OP is responsive, the asking price of $1,500,000 is way too high. This is the site that one would use extra money to inquire about through the tech experts on the internet to verify that the claims of the OP are true to some reasonable extent.

Besides, can you imagine, a casino site garnering as low as 47,259.96 in a whole half of a year, how many years would the buyer run it before such a huge asking price and the investigation amount be made back? It's a bad business in my opinion, and who knows why someone would want to sell a working casino.

If the OP tell us the truth - 3 years ROI doesn`t seems a big time for ready business. $47,259.96 - it is per month, if i understand correct. The OP tells us: Annual turnover: 425.693 EUR So, the ROI is 3 year with several months.
But i don`t think that it is a good idea to spend such sum to get online business, it isn`t the same as to buy an offline project.

Quote from: bmfhost on November 24, 2022, 04:58:33 AM

For sale is an online growing casino website, generating in the last 6 months an average of $47,259.96, and growing.

Annual turnover: 425.693 EUR

Operating profit (EBITDA): 411.886 EUR

Turnover from previous years: 385.905 EUR

I relied on the above data to make my reply earlier, and you should be sensitive to deals like this so that people will not make the fool out of you. I hope you read the first line very well, and according to my knowledge of it, the OP claims that $47,259.96 was made in 6 months. So long as he didn't include 'monthly', I will go by the 6 months. Meaning $47,259.96/6 = $7,876.66 per month.

Also, he was clever to use a dot(.) on the annual turnover, operating profit and previous years' turnover, which made me disregard it since his values were thorough on the first line which has a dot and comma, why not in the rest? This deal is sketchy, it's not advisable even if the offer is still active.

mak013

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Quote from: EarnOnVictor on December 05, 2022, 07:59:58 AM

Quote from: mak013 on December 01, 2022, 07:20:23 AM

It is possible that he doesn`t interesting to communicate here. He left contacts in the first post.

I don`t how the casino works, but if he is telling truth - the ROI is about 3 years is good enough. But it must be researched seriously before deal, with some financial and gambling specialists. The same time i think that it is possible to spend this money more clever - get a good dev team, create a new casino and promote it. It is possible that it will take more time, but i sure that it will be cheaper and you willn`t have any doubts in the deal.

This is generally not worth it even if the OP is responsive, the asking price of $1,500,000 is way too high. This is the site that one would use extra money to inquire about through the tech experts on the internet to verify that the claims of the OP are true to some reasonable extent.

Besides, can you imagine, a casino site garnering as low as 47,259.96 in a whole half of a year, how many years would the buyer run it before such a huge asking price and the investigation amount be made back? It's a bad business in my opinion, and who knows why someone would want to sell a working casino.

If the OP tell us the truth - 3 years ROI doesn`t seems a big time for ready business. $47,259.96 - it is per month, if i understand correct. The OP tells us: Annual turnover: 425.693 EUR So, the ROI is 3 year with several months.
But i don`t think that it is a good idea to spend such sum to get online business, it isn`t the same as to buy an offline project.

Wind_FURY

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Quote from: Mate2237 on December 05, 2022, 08:54:31 AM

Quote from: aioc on November 25, 2022, 12:31:19 AM

For additional information about the casino, OP is selling you check this page, very similar to what he has posted here
https://casinosbroker.com/growing-casino-website-for-sale/

The information OP provided here are the same information from the site you also provided that means the op is marketing the site for the broker. And for the price or amount placed by the OP which $1.5m to sell the casino site is not too expenses because if the buyer is a genuine person and he handles the casino company very well with his customers, he can gain his money back within the 15 years stipulated time. But what I will consider is that after the purchase of the site, the new owner of the site will still spend enough to set up the site therefore, the seller should also consider those expenses and reduce the price.

I believe you mean "not too expensive"?

OK, but the question, how much capital would a person need to start a new online casino, and how much would be the difference from OP's $1,500,000 asking price for his casino? If it's still a "growing casino", I'm sure the new owner would be required to spend more for marketing to scale the business more, and the cryptocurrency online casino business is very competitive. Check how many Official Threads we have in the gambling subforum, all competing for our attention. It's sometimes very hard to keep updated because there are many of them.

Desmong

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Crypto bookmaker and casino

Quote from: Mate2237 on December 05, 2022, 08:54:31 AM

Quote from: aioc on November 25, 2022, 12:31:19 AM

For additional information about the casino, OP is selling you check this page, very similar to what he has posted here
https://casinosbroker.com/growing-casino-website-for-sale/

The information OP provided here are the same information from the site you also provided that means the op is marketing the site for the broker. And for the price or amount placed by the OP which $1.5m to sell the casino site is not too expenses because if the buyer is a genuine person and he handles the casino company very well with his customers, he can gain his money back within the 15 years stipulated time. But what I will consider is that after the purchase of the site, the new owner of the site will still spend enough to set up the site therefore, the seller should also consider those expenses and reduce the price.

We don't mean the price is too much but what we mean is that the developer of the site might have some buds which might make the new owner to be very careful so that the risk will be limited. Buying this at that amount is not bad but there must be assurance that the safety in this. The price is less and looks okay for buyers to everyone that is interested needs to be prepared to make changes.

Mate2237

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Activity: 700

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Quote from: aioc on November 25, 2022, 12:31:19 AM

For additional information about the casino, OP is selling you check this page, very similar to what he has posted here
https://casinosbroker.com/growing-casino-website-for-sale/

The information OP provided here are the same information from the site you also provided that means the op is marketing the site for the broker. And for the price or amount placed by the OP which $1.5m to sell the casino site is not too expenses because if the buyer is a genuine person and he handles the casino company very well with his customers, he can gain his money back within the 15 years stipulated time. But what I will consider is that after the purchase of the site, the new owner of the site will still spend enough to set up the site therefore, the seller should also consider those expenses and reduce the price.

EarnOnVictor

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Leading Crypto Sports Betting & Casino Platform

Quote from: mak013 on December 01, 2022, 07:20:23 AM

Quote from: Poker Player on November 28, 2022, 12:29:37 AM

Quote from: gunhell16 on November 28, 2022, 12:07:42 AM

How is OP selling the casino he is talking about here? has it been sold? Can someone bite at the price he wants? I don't think anyone has had any interest in contacting him to buy it yet.

Maybe, if OP would just listen to other members' comments here, there is still a chance that the buyer might contact OP immediately. How about because the price he wants to happen is a bit unrealistic and OP doesn't seem to see that?

He hasn't been online for a couple of days, and I think that since he hasn't been very successful, we won't be seeing much of him around here.

It is possible that he doesn`t interesting to communicate here. He left contacts in the first post.

I don`t how the casino works, but if he is telling truth - the ROI is about 3 years is good enough. But it must be researched seriously before deal, with some financial and gambling specialists. The same time i think that it is possible to spend this money more clever - get a good dev team, create a new casino and promote it. It is possible that it will take more time, but i sure that it will be cheaper and you willn`t have any doubts in the deal.

This is generally not worth it even if the OP is responsive, the asking price of $1,500,000 is way too high. This is the site that one would use extra money to inquire about through the tech experts on the internet to verify that the claims of the OP are true to some reasonable extent.

Besides, can you imagine, a casino site garnering as low as 47,259.96 in a whole half of a year, how many years would the buyer run it before such a huge asking price and the investigation amount be made back? It's a bad business in my opinion, and who knows why someone would want to sell a working casino.

minime0105

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Activity: 1246

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Quote from: bitcampaign on November 24, 2022, 05:11:17 PM

it took 5 years to get back the capital and profits, I think 1.5 million dollars is too expensive for a casino that may not be very well known even though it has been making profits every year, let alone need additional funds to promote the casino too, people will choose to start build a casino from scratch instead of having to buy one

It's a very big risk because such amount of money is not suppose to be used, because actually it's something you can recover with long term almost seven to eight years and you never recover your capital. It good to extend whereby the capital or the casino is now being long it's has existing. That's why some of the casino platforms collapse, because when looking at 1.5 million dollars you will see or know that the money is not small, and you are looking at the time frame it will be recovered

Wind_FURY

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Quote from: worldofcoins on December 02, 2022, 06:32:42 AM

Quote from: bmfhost on November 24, 2022, 04:58:33 AM

For sale is an online growing casino website, generating in the last 6 months an average of $47,259.96, and growing. The website has 27 income sources. Low operational costs compared to the revenue generated.

Included in the sale are:

The main revenue-generating website
3 extra domains
Social media accounts: Pinterest, Twitter, and Tumblr accounts
Support will be provided
Seller can help with opening new affiliate accounts
Seller might consider business financing

Firstly I would like to talk about the reasons for website sale, for reason number 1 you can work on improving as per the customer's requirements.
For numbers 2 & 3, I can say that you can quickly achieve your goals if you pay full attention and focus on your site.
Also, for number 4, you can hire a good SCO resource to manage your SEO load. Also, your demand of 1.5 Million dollars is way much high.

That's easy to say, but it's definitely "more complicated". Starting a business, running it yourself, then trying to scale it in very competitive conditions during a BEAR MARKET is not easy. OP wants to sell it because he probably sees NOW as an opportunity to get his ROI faster + future profits now. A short cut.

Although OP might be telling the truth about his casino having lower operating costs vs. revenue generated, I believe his selling price might be too high.

QueenVera

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Activity: 1106

Merit: 570

I've come across this very thread for so long and I still wonder why the OP haven't made some adjustments on the post if he truly wantes to sell it out.
The price is way too high and your reasons for selling are so funny and it seems the seller wasn't the original creator of that very website and now wants to handover what he couldn't manage to someone else.
I hope you also take out your time to read most of the comments because it will help you make alot of positive and favourable adjustments for you and aso aid in a more faster sale of this domain.

worldofcoins

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Telegram: @worldofcoinss

Quote from: bmfhost on November 24, 2022, 04:58:33 AM

For sale is an online growing casino website, generating in the last 6 months an average of $47,259.96, and growing. The website has 27 income sources. Low operational costs compared to the revenue generated.

Included in the sale are:

The main revenue-generating website
3 extra domains
Social media accounts: Pinterest, Twitter, and Tumblr accounts
Support will be provided
Seller can help with opening new affiliate accounts
Seller might consider business financing

Firstly I would like to talk about the reasons for website sale, for reason number 1 you can work on improving as per the customer's requirements.
For numbers 2 & 3, I can say that you can quickly achieve your goals if you pay full attention and focus on your site.
Also, for number 4, you can hire a good SCO resource to manage your SEO load. Also, your demand of 1.5 Million dollars is way much high.

mak013

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Activity: 2548

Merit: 769

Quote from: Poker Player on November 28, 2022, 12:29:37 AM

Quote from: gunhell16 on November 28, 2022, 12:07:42 AM

How is OP selling the casino he is talking about here? has it been sold? Can someone bite at the price he wants? I don't think anyone has had any interest in contacting him to buy it yet.

Maybe, if OP would just listen to other members' comments here, there is still a chance that the buyer might contact OP immediately. How about because the price he wants to happen is a bit unrealistic and OP doesn't seem to see that?

He hasn't been online for a couple of days, and I think that since he hasn't been very successful, we won't be seeing much of him around here.

It is possible that he doesn`t interesting to communicate here. He left contacts in the first post.

I don`t how the casino works, but if he is telling truth - the ROI is about 3 years is good enough. But it must be researched seriously before deal, with some financial and gambling specialists. The same time i think that it is possible to spend this money more clever - get a good dev team, create a new casino and promote it. It is possible that it will take more time, but i sure that it will be cheaper and you willn`t have any doubts in the deal.

sunsilk

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Quote from: Yatsan on November 30, 2022, 07:51:41 AM

Quote from: sunsilk on November 29, 2022, 09:34:13 PM

There are businessmen that has this strategy of buying established ones and that's totally fine. If you think that you can create your own brand and make it a well established casino or business then that's on you.

But for a businessman that just wants to acquire businesses just what Elon did to Twitter, that's really happening even in the casino industry.

Although, on the case of OP, it's a lot and the valuation is that much. Maybe go somewhere else aside from flippa.com like in dragon's den or shark tank. Tongue

Indeed happening not only in this industry but also to real estate businesses. But there are factors being considered if you are about to buy an established business or platform perhaps in this case. Factors such as its reputation if it was released to the market already, and if it would be more profitable to do so than to build a new one regarding costing. Buyer would surely know the answer because he's the one to gauge risks. Ofcourse potential buyers would also do the same thing. Another thing is if there will be things to add on this platform which would mean additional costing for the platform. All of these, just to measure if it would be worth buying something.

The acquisitors like to have most of these businesses are already working on and was able to generate money for them to be convinced. The better numbers and profits, the higher chance of them to buy it.

They're all for an operating business that will genetate them passive income. The valuation varies and most that I've seen are just the owner of the business' valuation and that's why they're quite high and expensive.

worle1bm

full member

Activity: 1834

Merit: 166

The actual problem with the deal is cost coverage is not possible in foreseeable future as the competition is hard in the crypto space and you need constant fund flow as promotion so if you are not making profits for so many years you will be not interested in these kind of deals.The escrow and third party is secondary thing and we can't oversee these deals in the start.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: Desmong on November 28, 2022, 05:18:21 PM

Quote from: ethereumhunter on November 28, 2022, 06:29:46 AM

Quote from: gunhell16 on November 28, 2022, 12:07:42 AM

How is OP selling the casino he is talking about here? has it been sold? Can someone bite at the price he wants? I don't think anyone has had any interest in contacting him to buy it yet.

Maybe, if OP would just listen to other members' comments here, there is still a chance that the buyer might contact OP immediately. How about because the price he wants to happen is a bit unrealistic and OP doesn't seem to see that?

We don't know the rest of the news because it doesn't look like he's back yet. Maybe he has found a buyer who intends to buy his casino at that price.

I suggest that if he hasn't found a potential buyer here, he can promote it via social media to find potential buyers or other places. But be careful with scammers who can cheat at any time Grin

This is my first time seeing advert on casino sale and I am still think how he's going to sell it if the buyer can only be present online. It looks like something is wrong since op has stated it tat he intend to use the money for some family business. There are scammers everywhere and he need to be very careful when putting this kind of advert online because he can be tricked if not being very careful.

He could have sold it with the help of a third party or hired an escrow agent from this forum to help him solve the transaction problem. But it's not easy to find a potential buyer because, as you said, too many scammers want to cheat and he could be the next target. He can also use the help of other third parties apart from this forum but that third party must really help him and will not commit fraud. Of course, many people would be tempted to help him for many reasons so he had to be really careful.

Broadanbig

full member

Activity: 462

Merit: 117

Quote from: danadc on November 30, 2022, 03:02:22 PM

Quote from: DoublerHunter on November 29, 2022, 04:51:02 PM

Quote from: sunsilk on November 29, 2022, 04:35:08 PM

Quote from: dothebeats on November 28, 2022, 04:38:50 PM

If your platform is making such turnovers every year, then it's safe to say that your platform is somewhat known and has enough patrons to support your growing business and continue moving forward. I would understand if your reason of selling is because you want to handle another business, but it kinda gets sketchy if you managed to get that amount of turnover in just a year, without ever having an instance of going under. Also, you did not specify what kind of a gambling platform are you. Are you a sportsbook, a casino, or both? That would also help interested buyers gauge their profitability and their interest on what you're selling.

That's also what I thought of. When a business is profitable, there must be a reason as to why the owner starts selling it.

And for OP, if you can't find any potential buyer here. You can just post this on a website like flippa.com where businesses and domains are for sale and they're known for that.

There are too many operating businesses there that are up for sale and aside from the forum, that's one of the best place where you'll put this sale thread.

^I preferred to create an on my own from scratch casino than buy it from someone who I don't know.
That is right, you may start thinking why OP sells his gambling casino if it is a profitable business. Op can run this to gain profit in the future and not sell it to anyone. However, I did not know if the price is worth it if you really want to buy a casino, $1.5m is enough to start your own gambling casino and sure that amount sustains even if you have ads. So good luck to OP, I want to hear if there is someone who are willing to buy.

Selling a casino has to have many reasons, the main one is that they do not have a lot of capital to survive, for a casino to get ahead what they must count on is enough money to support all the possible losses that it may cause, the other thing that It could be that the person who owns the casino already has his life well insured so that he does not want to have more commitment or continue to lead a business that is very profitable, if I think about it in a bad way it is because something went wrong and they want to get out anyway, there are things that are difficult to understand, but I would not buy a casino like that, I would have to have the whole truth to be able to have an idea of why he no longer wants it.

You are well Said. I was thinking the OP has a big problem with the casino before putting up for sale. Such a good profit venture is up for sale. Well the owner knows alone why he or she wants it up for sales. Can he give the reasons why he put it for sale and I hope it is bargainable for bidders to have a smooth landing because I do not see any running cost or or annual maintenance cost on the casino and secondly does the casinos have a license to operate?

Topic: Profitable and Growing Casino Website for Sale - page 2. (Read 972 times)