Profitable and Growing Casino Website for Sale - page 3.

danadc

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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.

Yatsan

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

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.

sunsilk

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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.

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

PX-Z

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

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?

Probably because he doesn't care it's his price after all. If someone make a deal for it's a win-win for them. Besides it uses a broker this means, broker will get a percentage or fixed commission for this sale, that's why its too expensive.

If OP is still care locking this thread and create a new thread will help, this thread become haven of spam, the redundancy of replies/post sucks.

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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.

For that price then you could really be able to make your own gambling site which it might not really be that profitable yet but it would really be having that confidence that you do solely own that and not just

tending to buy off from someone in the internet which you cant really be that so sure if there would be no problems or headaches attached to it.It do really raises up that question on how the hell would someone

will really be selling out their profitable business? If the amount is really just able to attain for a period of time? It doesnt really make any sense, unless if those numbers
were fake or not real then this is really something that do talks about fake information.

DoublerHunter

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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.

sunsilk

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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.

qwertyup23

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Quote from: CryptoHeadlineNews on November 24, 2022, 05:02:11 PM

Quote from: PX-Z on November 24, 2022, 05:19:52 AM

Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.

For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.

I hope the amount is bargainable, because just as earlier said, $1.5million is likely too much for a casino that generates an average annual income of $94k, which is bound to undergo change, to either increase or decrease in the hands of a new ownership, depending on how skillful such individual may be.

I definitely agree with you. The asking price of $1.5m is a little bit too much, though you are free to value your business OP but also consider other factors as well.

Like what this person just mentioned, there are gambling websites that only have a slight margin of profit annually. I doubt that someone would afford to purchase this gambling website as they will just create their own using this capital.

I guess you should at least post the name of the gambling website for people to check on it. Having to contact someone before you release other additional details can somehow be taxing on our part.

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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.

When you check the analysis from the beginning they will notice that there is element of scam in this week because I've not seen a process whereby somebody by a casino platform openly, oh and some something point I don't believe all of this because this is the method scammers always use to penetrate into some people's life

Desmong

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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.

dothebeats

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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.

Hispo

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

Quote from: Hispo on November 27, 2022, 02:28:07 PM

This looks like a very cheap scam attempt. I don't know how someone could pay over 1 million for a casino with around 1 year of alleged activity.

I've left him a neutral tag, because it's unclear whether he's simply a careless or clueless person, but in any case, by action or omission, he doesn't look like someone I would do business with.

I have also noticed that OP created his account back in 2021 and spent about a year without logging, only to wake up and offer this casino for over 1 million dollars. Huh

(from August 2021 to November 2022).

If I was OP, I would have not even considered to make such offer around here, there are better places to sell a webpage than this forum, where he has built no reputation yet...

Anyways, I hope some mod consider to lock this thread.

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Quote from: Baofeng on November 24, 2022, 05:18:18 PM

Quote from: PX-Z on November 24, 2022, 05:19:52 AM

Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.

For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.

True, and they are a broker, a middle man in this case, so that's why the price is very expensive because they need to make money at $1.5 million.

But then again for us, it's very expensive, and the returns as they have try to put it out will take years for the buyer to recover, so it's not good for them. Anyhow, maybe that initial price can still be bargain for. Best of luck to those who are interested on it.

With selling price at $1.5m, that’s quite expensive especially for a beginner owner, so might as well having a good bargain price is good to go. Even if there is a broker, I can say that the price is still too expensive considering only a small returns for 6 months. But regardless of the price, if the potential buyers have seen good plans for it, then it will certainly be sold in just a couple of months.

ethereumhunter

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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

Wind_FURY

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Quote from: PX-Z on November 24, 2022, 05:19:52 AM

Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.

For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.

Plus if someone had $1,500,000 to invest to build an online casino, wouldn't it be more capital-efficient and cheaper if the investor starts his own from nothing?

How much initial investment do cryptocurrency casinos need, with the games imported from existing game providers both for non-live games and live games? I believe it would be enough to start with 25% of $1,500,000.

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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.

Quote from: Hispo on November 27, 2022, 02:28:07 PM

This looks like a very cheap scam attempt. I don't know how someone could pay over 1 million for a casino with around 1 year of alleged activity.

I've left him a neutral tag, because it's unclear whether he's simply a careless or clueless person, but in any case, by action or omission, he doesn't look like someone I would do business with.

gunhell16

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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?

Hispo

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Quote from: davis196 on November 25, 2022, 06:28:14 AM

-snip-

Very fishy to say the least, perhaps OP thought there are some early Bitcoin investors around here willing to buy his business for such irrational quantity.
Not even mention the contradictions in his offer.

No one reading this thread should take his offer serious before seeing substantial proof of the existence of this casino, its profits, address, etc.
This looks like a very cheap scam attempt. I don't know how someone could pay over 1 million for a casino with around 1 year of alleged activity.

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Quote from: BitcoinAccepted on November 25, 2022, 01:54:04 PM

I don't think anyone wants to sell a well-run casino. A good business is worth its weight in gold, this price cannot compete with that. And I'm assuming it's a legal matter. It may well have been put together. Because where can you check the turnover? It may also be a trick to cheat people out of money. You rarely hear that a gambling site is taken over. And this site is also not very well known. It is a huge gamble to take over a casino like this, you have no certainty and if the turnover is not sufficient, you will lose a lot of money for nothing.

In some conditions, we still have good businesses that are being sold at regular interval, but then the asking price and the settle price with the buyer is what is most important. If the buyer checks the liability and the capital intensiveness of running the brand that will guarantee profits merging at the end of the business cycle, we have seen a lot of businesses including their equities getting sold in the market, what determines the asking price is the value of the casino and if oos is asking for a $1.5 million for his casino website it will still be subject to intense bargain by both parties.

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Quote from: Johnyz on November 26, 2022, 03:20:57 PM

maybe you can start a new casino at a cheaper one but if OP is telling the truth about a profitable casino, then investors might consider this. I’m wondering though why there’s a need to sell it if its profitable, that profit can get him a loan so he can finally buy a house. Well, this is the decision of the owner so probably he knows better, but it will not be easy to sell this casino on its asking price.

The only problem about starting a new one is the competition. You will still need to spend to advertise your casino heavily and then spend on the developer to make constant upgrades.

All these hassles are going to be skipped if you will just avail an existing casino but that is if you can afford their pricing but it is still possible for us to recover what we have spend in the long run and then make more as long as we know how to manage the casino well. The op already stated a reason in the first page on why they want to sell the casino. It's not only about buying a house because if they do then they will just follow what you suggested there.

Topic: Profitable and Growing Casino Website for Sale - page 3. (Read 972 times)