If I were a potential investor looking to buy a casino site, I would not risk purchasing a very expensive casino site, whatever the seller offers, because it is not worth what I will receive later. I'd rather build a casino site from scratch and hire a coder to make significant changes to my prospective casino site so that it becomes a brand new casino site. Then I will do a good promotion to develop it.
The price offered by @OP is very expensive and even though some rich people want to buy it, I suggest they think twice about buying it.
Topic: Profitable and Growing Casino Website for Sale - page 5. (Read 972 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Not a fair deal in my opinion because when you are taking up any previously owned business then you look for various factors and first one is profitability and in this case it's not upto the mark and running a business with 10+ years covering the cost only without any hope that it will be running in future or not so it's not at all good deal According to me but yes if anyone is interested he can surely proceed further with it.
Like all the others observation profit in the last six month's revenue is not attractive compared to the seller price and the computation of the ROI, I would like to ask the features of the casino how many games are in, does it has a sports betting features, how does the site develop is it a turnkey site or a white label casino or stand alone.
You also mentioned this
https://casinosbroker.com/growing-casino-website-for-sale/ who I think is the page fo the casino that you are selling here because they have the same informatio.
Are you using Wordpress script since the WP I know stand for Wordpress and plugins are tools that are attached to Wordpress script.
You also mentioned this
Quote
Seller can explain how the site is set up, the dashboard of WP, plugins
on https://casinosbroker.com/growing-casino-website-for-sale/ who I think is the page fo the casino that you are selling here because they have the same informatio.
Are you using Wordpress script since the WP I know stand for Wordpress and plugins are tools that are attached to Wordpress script.
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. For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.
The 1.5M$ amount is very expensive for a gambling casino, it wouldn't matter if the return profit is big within 6 months according to what OP said. But even if there is an offer there, it will certainly not allow it to go below 1M$, but it is still expensive to say even so.
We don't know if the only capital in the casino that is being sold is their real capital there is only 100k$-200k$. But I hope OP will think about changing to the same price battle.
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.
Price is too high or not, not our bussiness, if you want to buy the site but you can't afford it because the price is too expensive, you can just shoot pm to seller, the problem is, people keep saying price too high but you have no any intention to buy. So whats the deal?
Unfortunately we don't have information about the name of the casino for privacy concern and since the casino is still opeational
Maybe this?
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/
There will be additional costs running the site after the buyer bought the casino he will have to infuse more funds because based on that post there is no existing staff and things are running on freelancing
IT SPECIALIST:
Unfortunately we don't have information about the name of the casino for privacy concern and since the casino is still opeational
https://casinosbroker.com/growing-casino-website-for-sale/
There will be additional costs running the site after the buyer bought the casino he will have to infuse more funds because based on that post there is no existing staff and things are running on freelancing
IT SPECIALIST:
Quote
Regarding the IT part of the website: Seller is not qualified in coding or changes in the template or website
structure. He hired an IT specialist – as a freelancer when needed. He knows the website and the Seller could arrange his consultation for the 1st hour free and the following hours for a fee of $100/hour.
structure. He hired an IT specialist – as a freelancer when needed. He knows the website and the Seller could arrange his consultation for the 1st hour free and the following hours for a fee of $100/hour.
Unfortunately we don't have information about the name of the casino for privacy concern and since the casino is still opeational
Now I would want to ask how legitimately is the company and what are the evidence to show it's not a fraudulent activity they are about to initiate into coupled with the price. This is one thing that gets me weird about newbie just making an account and cook up a story with whatever they feels thinking is possible for such magic to happen over here.
I think more documentation should be released over here that proves authenticity or originality and certification of casino site.
I think more documentation should be released over here that proves authenticity or originality and certification of casino site.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
What strikes me is not so much how expensive it is, as you have all said, but that there are things that don't add up.
For example, how is the casino supposed to be 'growing' if it has an EBIDTA last year of $400,000 and has only generated in the last 6 months $47,000? I understand that generated refers only to revenue.
Then he talks about 'previous years' when the business is supposed to have started in June 21.
I don't know about you, but when I see the slightest contradiction when it comes to money, I run away.
For example, how is the casino supposed to be 'growing' if it has an EBIDTA last year of $400,000 and has only generated in the last 6 months $47,000? I understand that generated refers only to revenue.
Then he talks about 'previous years' when the business is supposed to have started in June 21.
I don't know about you, but when I see the slightest contradiction when it comes to money, I run away.
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.
They have the right to ask any amount they want for their product. You never know what someone will pay until you throw it out there and see if it sticks. I don't think 1.5 million is gonna happen, but I wish the seller luck. 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.
Is there any proof of what's been posted so far or do interested persons need to contact you for info?
Yes, that's true but buyers will take into consideration others' opinions if the potential buyer has no prior experience in running a casino, besides talking to an independent broker, the potential buyer will likely ask the gambling community, for me the price is just right the broker, of course, has a cut here but the income is not commensurate to the ROI if he will rely on the current income of the casino, he'll have to infuse additional funding to target projected income to reach that ROI.
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.
They have the right to ask any amount they want for their product. You never know what someone will pay until you throw it out there and see if it sticks. I don't think 1.5 million is gonna happen, but I wish the seller luck. 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.
Is there any proof of what's been posted so far or do interested persons need to contact you for info?
Just like the rest been saying that if this site is already generating $47,259.96 per month on last 6 months and still growing then why not really just focused it out and make it big?
$1.5M wont really be taking too long time for it to be accumulated.Lets say that if its stay on that earning then it would really be just taking a couple of years for you to raise up
that money or target.You could buy your own home and still able to be with your family with having this business. Asking price is indeed too much
and just like the rest then it would really be a hard sell. Its not known on this market for sure, and it is really dealing up with fiat or shall we say a typical
fiat casino with crypto integration.It is really just too hard to make out some full transfer and i dont know if someone could deal up with million something online.
$1.5M wont really be taking too long time for it to be accumulated.Lets say that if its stay on that earning then it would really be just taking a couple of years for you to raise up
that money or target.You could buy your own home and still able to be with your family with having this business. Asking price is indeed too much
and just like the rest then it would really be a hard sell. Its not known on this market for sure, and it is really dealing up with fiat or shall we say a typical
fiat casino with crypto integration.It is really just too hard to make out some full transfer and i dont know if someone could deal up with million something online.
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.
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.
You are right It's too expensive for $1.5 m to just make an annual $94k year the stats maybe are not be enough to convince potential buyers to go for it, they need more stats and an industry position does it has an official announcement here, and how they market the casino is also important these are stats that should be considered, so the new owner will have the grasp and implement what could be done to increase revenues.
If the ROI of investment of any business will take 5 years or more then it's not profitable to run that business at that huge cost.
But a mention of the name of the casino will give us an insight into its potential and standing in the industry and if it's worth it for $1.5 million.
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.
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.
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
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. 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.
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.
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.
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:
Not included:
Annual turnover: 425.693 EUR
Operating profit (EBITDA): 411.886 EUR
Turnover from previous years: 385.905 EUR
Business established on: 2021-06-01
Sale reason:
Asking price: $1,500,000
Contact CasinosBroker
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
Not included:
- Affiliate accounts – new owner will have to open their own affiliate
accounts – the Seller can assist with getting same or similar deals (affiliate accounts can be included for extra $)
Annual turnover: 425.693 EUR
Operating profit (EBITDA): 411.886 EUR
Turnover from previous years: 385.905 EUR
Business established on: 2021-06-01
Sale reason:
- Most payouts for winnings are paid in Bitcoin, which must be exchanged into Euros, which creates some problems in terms of reporting winnings.
- Seller would like to buy a house
- Seller also wants to focus on a new family business
- Also difficult to keep track of all Google algorithm changes, SEO changes and keep the website fast
Asking price: $1,500,000
Contact CasinosBroker
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