Topic: Profitable and Growing Casino Website for Sale (Read 954 times)

Quote from: carlfebz2 on December 29, 2022, 04:29:41 PM

It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

it is possible that the owner of a profitable casino site wants to sell it with the aim of making quick and instant money, even though selling the site makes no sense and there are not necessarily any buyers.
after all, at this time more and more people will do rather strange things to be able to make money quickly, although there are also those who make fun of it and don't believe they still don't care.

It is perfectly possible, because some people are serial entrepreneurs and create business after business and then sell to others that are specialised in making the company or the site grow to full size and implement a more mature business model. It is said that there are many reasons for selling, but only one for buying.

But regardless, it is quite a challenge to verify the claim of profitability without investing serious time and effort into it.

Making out verifications out of those claims would be the the biggest challenge if you are tending to buy such site where there's no way that you could really verify for yourself because we know that numbers and

inputs could really be faked out or something we do call a financial statement or history or records which is something that we cant trust up.We are talking huge money on here and if its done through online
then i highly doubt that no one would really gamble out on buying something without having that face to face transaction or something in correlated to this.
It is really just hard to believe on selling out a profitable casino if you do know that you could make it even more bigger and make more money.

^This means that no one risking their money on the ready-to-made casino but I think not unless you are a good developer too that you can able to check first on your own. That is why casino owners did not want to buy a ready-made gambling casino because the potential of scams ios very high, they prefer to find a great developer that can build a casino from scratch into a successful gambling casino. The fear of getting scammed or having trouble in the future will push them not to buy a casino like this.
However, I dont know what happen to the OP about his gambling casino and I want to know an update on him and his selling casino.

But if the casino is for sale, what other things are more attractive to do? or of greening? Yes, it is a casino with the characteristics of duelbits, which is a pretty good and strong casino, they have to have a lot of good suggestions, the reviews of the casino are the ones that help to sell, but they have to do a lot of beta testing so that they can guarantee the quality of the casinos I would not doubt it if they work like this, the thing I would try the most would be the withdrawals because if they don't work there is no way they can do it, it is my way of thinking, the rest can be added.

DoublerHunter

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Quote from: paxmao on December 29, 2022, 04:02:06 PM

Quote from: cloudfir3e on December 17, 2022, 12:27:19 PM

Quote from: paxmao on December 29, 2022, 04:02:06 PM

It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

it is possible that the owner of a profitable casino site wants to sell it with the aim of making quick and instant money, even though selling the site makes no sense and there are not necessarily any buyers.
after all, at this time more and more people will do rather strange things to be able to make money quickly, although there are also those who make fun of it and don't believe they still don't care.

It is perfectly possible, because some people are serial entrepreneurs and create business after business and then sell to others that are specialised in making the company or the site grow to full size and implement a more mature business model. It is said that there are many reasons for selling, but only one for buying.

But regardless, it is quite a challenge to verify the claim of profitability without investing serious time and effort into it.

Making out verifications out of those claims would be the the biggest challenge if you are tending to buy such site where there's no way that you could really verify for yourself because we know that numbers and

inputs could really be faked out or something we do call a financial statement or history or records which is something that we cant trust up.We are talking huge money on here and if its done through online
then i highly doubt that no one would really gamble out on buying something without having that face to face transaction or something in correlated to this.
It is really just hard to believe on selling out a profitable casino if you do know that you could make it even more bigger and make more money.

^This means that no one risking their money on the ready-to-made casino but I think not unless you are a good developer too that you can able to check first on your own. That is why casino owners did not want to buy a ready-made gambling casino because the potential of scams ios very high, they prefer to find a great developer that can build a casino from scratch into a successful gambling casino. The fear of getting scammed or having trouble in the future will push them not to buy a casino like this.
However, I dont know what happen to the OP about his gambling casino and I want to know an update on him and his selling casino.

carlfebz2

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Quote from: cloudfir3e on December 17, 2022, 12:27:19 PM

Quote from: cloudfir3e on December 17, 2022, 12:27:19 PM

It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

it is possible that the owner of a profitable casino site wants to sell it with the aim of making quick and instant money, even though selling the site makes no sense and there are not necessarily any buyers.
after all, at this time more and more people will do rather strange things to be able to make money quickly, although there are also those who make fun of it and don't believe they still don't care.

It is perfectly possible, because some people are serial entrepreneurs and create business after business and then sell to others that are specialised in making the company or the site grow to full size and implement a more mature business model. It is said that there are many reasons for selling, but only one for buying.

But regardless, it is quite a challenge to verify the claim of profitability without investing serious time and effort into it.

Making out verifications out of those claims would be the the biggest challenge if you are tending to buy such site where there's no way that you could really verify for yourself because we know that numbers and

inputs could really be faked out or something we do call a financial statement or history or records which is something that we cant trust up.We are talking huge money on here and if its done through online
then i highly doubt that no one would really gamble out on buying something without having that face to face transaction or something in correlated to this.
It is really just hard to believe on selling out a profitable casino if you do know that you could make it even more bigger and make more money.

paxmao

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Quote from: RILWAN on December 17, 2022, 04:21:02 PM

It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

it is possible that the owner of a profitable casino site wants to sell it with the aim of making quick and instant money, even though selling the site makes no sense and there are not necessarily any buyers.
after all, at this time more and more people will do rather strange things to be able to make money quickly, although there are also those who make fun of it and don't believe they still don't care.

It is perfectly possible, because some people are serial entrepreneurs and create business after business and then sell to others that are specialised in making the company or the site grow to full size and implement a more mature business model. It is said that there are many reasons for selling, but only one for buying.

But regardless, it is quite a challenge to verify the claim of profitability without investing serious time and effort into it.

drwhobox

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If it a profitable casino then why do you want to sell it, gosh can as well operate the casino and generate a lot of revenue from it operation, I don't think this is a good choice if what you offer is legit I will advise you trade with caution to avoid falling to scam.

Clearly you don't read the post, the owner has his reason to sell, but the broker seems a bit off now Grin

Quote from: decodx on December 17, 2022, 03:38:44 PM

I checked their social feeds a bit, it seems they only talk about casino affiliates, site sales and similar shit. There is nothing about a successful casino business.

I have also checked their site and found out they are casino brokers. Buying and selling casino sites is their only purpose. OP is not responding to anyone which clearly shows they are out of business or simply the broker wanted to try out bitcointalk forum for their business. It turned out he lost his interest or he was just here to promote his site.

crzy

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Quote from: RILWAN on December 17, 2022, 04:21:02 PM

If it a profitable casino then why do you want to sell it, gosh can as well operate the casino and generate a lot of revenue from it operation, I don't think this is a good choice if what you offer is legit I will advise you trade with caution to avoid falling to scam.

Probably they are planning to change their business and focus into something else, there are some companies who are selling their platform even if its profitable for some purpose and if this is a legit one it should be done on a more professional way since we are going to talk about huge money here. If ever you are considering to buy a casino, have your legal team to handle this to avoid any fraud on the contract.

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If it a profitable casino then why do you want to sell it, gosh can as well operate the casino and generate a lot of revenue from it operation, I don't think this is a good choice if what you offer is legit I will advise you trade with caution to avoid falling to scam.

DoublerHunter

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Quote from: decodx on December 17, 2022, 03:38:44 PM

Quote from: goldkingcoiner on December 17, 2022, 03:18:33 PM

I would love to know which casino we are actually talking about here... Can we get a name?

Judging by the OP's activity, I doubt we'll ever find that out. He hasn't made any updates or answered any questions since he created this topic. They don't seem to be serious sellers. I checked their social feeds a bit, it seems they only talk about casino affiliates, site sales and similar shit. There is nothing about a successful casino business.

^Or probably OP changed his mind on not selling his profitable casino.
A marketing strategy like this staying they have a profitable casino is that obvious it is not real, how come they are going to sell if this is profitable, no one for sure will have an interest. I am not surprised they did not have a buyer because no one buys a ready-made casino, it is good if you will start a gambling casino from the start that you have your own developer or yourself a developer instead. Because this is very risky on the buyer's side, it could be there is a security leak that puts on the new owner's money at risk.
However, since Op did not come back, let's stop commenting on this thread, I hope I am the last one who commented on this thread or request the moderators to lock this thread.

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Quote from: decodx on December 17, 2022, 03:38:44 PM

Quote from: goldkingcoiner on December 17, 2022, 03:18:33 PM

I would love to know which casino we are actually talking about here... Can we get a name?

Judging by the OP's activity, I doubt we'll ever find that out. He hasn't made any updates or answered any questions since he created this topic. They don't seem to be serious sellers. I checked their social feeds a bit, it seems they only talk about casino affiliates, site sales and similar shit. There is nothing about a successful casino business.

Its clear as day that they are really just spamming out those links and sale and making out some false claims i do believe because if it was really that growing and profitable then they wouldnt really be selling it out.

Who would be on their right minds on selling out a profitable and growing casino? knowing that they could generate income in longer runs which it is really totally that shit decision.
As you had pointed and mentioned out that op isnt even having the time on getting back on the thread that he had created and despite of lots of queries and questions
then it is really just left unanswered which there's no point on making further discussions in related this one.Thread should be locked by mods and there's no point on making
further discussion for this one.These type of post or threads arent really that something new.

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Quote from: goldkingcoiner on December 17, 2022, 03:18:33 PM

I would love to know which casino we are actually talking about here... Can we get a name?

Judging by the OP's activity, I doubt we'll ever find that out. He hasn't made any updates or answered any questions since he created this topic. They don't seem to be serious sellers. I checked their social feeds a bit, it seems they only talk about casino affiliates, site sales and similar shit. There is nothing about a successful casino business.

goldkingcoiner

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I would love to know which casino we are actually talking about here... Can we get a name?

From a slightly suspicious perspective, I think its best to take note of the mentioned casino's reputation. Is it squeaky clean or is it currently facing a PR disaster? How much are the up-keeping costs and could you provide a detailed list of said expenditures? What kind of team was behind the casino? Will they continue their work? Are there any investors involved who own part of the casino or is this a whole sale offer?

As some people have already mentioned, the ROI seems too low for such an asking price. Most of us do not want to wait a couple of decades to start making a profit. Is 1.5 Million the final price?

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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.

Op is not responding to anyone in this thread, and I think he is no longer interested in the topic. If he had just read through the replies on this topic and worked on the suggestions we people give for free, he could sell the website already.
By the look of his post and the offers he is claiming are not making any sense, why would anyone invest 1.5m$ for around 90k annual profit along with other costs?

I would rather spend 50k on building a casino website if I have the budget and mentality to build and run a casino website.

Dunamisx

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I believe everyone has a designated ambition he has assigned to achieve and many factors could have led to this kind of decision for advertising a sale of a casino, same like manners we will be having a number of people showing interest to bid for it provided that the selling price is favourable to them, likewise we have some that will prefer creating one and take time to build it up but just as I've said earlier, there are some unavoidable circumstances that can warrant a sale of casino if needs be.

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Quote from: Kakmakr on November 25, 2022, 04:01:32 AM

You want to tell me.... with a Annual turnover of 425.693 EUR..... you make a Net profit of 411.886 EUR Huh

That is operating cost of about 13807 EUR per year? That sounds impossible... and even the turnover of 425.693 EUR is very high for a new casino?

In any way, I can buy a white label casino for a lot cheaper and then I can build it to something where I know that I have full control. It is like selling your business, but the old owner has access to the building and the books and the vault..... and possibly a lot of backdoors Roll Eyes

Most startups lie about their profits to get a better sale value. I wouldn't be surprised if they were generating high profit first year because the owner was doing most of the work by himself and then as business started growing and he couldn't handle the work he decided to sell.
Nowadays we're in a bear market so you can expect much lower profits and the site may need to hire support, an accountant and so on.
If the ROI for this with last year's profit is close to 15 years, with additional staff hired and at least 20% less profit due to bear market, it's going to be 20 years. Nobody is going to fall for that Cheesy

You can literally buy a few apartments in some nice warm place like South Italy or Greece and expect similar ROI time with much less risk and much more liquidity if you need money. Oh, and 0 work, unless you count listing them for rent as work.

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Quote from: EarnOnVictor on December 17, 2022, 12:28:57 AM

It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

it is possible that the owner of a profitable casino site wants to sell it with the aim of making quick and instant money, even though selling the site makes no sense and there are not necessarily any buyers.
after all, at this time more and more people will do rather strange things to be able to make money quickly, although there are also those who make fun of it and don't believe they still don't care.

qory

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It is not impossible to happen that a profitable casino website will be up in the market by the owner to sell it. Although, even with initial impression and common sense, one would ask why the owner would want to sell something like that. As per the OP, change of plans and priorities had become the main reason. Some will be convinced and intrigued, but some won’t buy such sentiments. Regardless, if someone dares to think of buying such, second thoughts must happen for the purpose of clearing out every possible risk and questionable angle in such intuition. After all, the amount being asked is thought as impartial to the value that the website would be giving back to the buyer, at least for a long time.

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Quote from: len01 on December 16, 2022, 02:06:20 PM

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.

I had asked this question here immediately when it struck my mind after reading the offer. Aside from the suspicious offer given that is not worth it, how could someone sell a productive company? And if such must sell it, why bring it to BTT when it is a hotcake for offline and other offline companies? There are a lot of reasons to beware of this offer, and anyone that falls for it would do that at their own peril.

I guess the responses here are not welcoming to the OP, which is why such steer clear since then.

It is possible situation. Someone can create companies for sale. Also it is possible that the OP just need money and can`t wait 3 years. So there different situation and it is possible deal. But anyway i don`t think that such deals are possible in online. I think that the buyer need to know seller, to get some guarantees because selling the site is not standard offline deal.

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Quote from: len01 on December 16, 2022, 02:06:20 PM

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.

I had asked this question here immediately when it struck my mind after reading the offer. Aside from the suspicious offer given that is not worth it, how could someone sell a productive company? And if such must sell it, why bring it to BTT when it is a hotcake for offline and other offline companies? There are a lot of reasons to beware of this offer, and anyone that falls for it would do that at their own peril.

I guess the responses here are not welcoming to the OP, which is why such steer clear since then.

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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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.

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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.

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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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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: Mate2237 on December 05, 2022, 08:54:31 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

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

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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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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

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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?

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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Activity: 3038

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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.

Hamphser

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

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: 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.

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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.

Viscore

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

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

Poker Player

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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?

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.

Wiwo

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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.

dezoel

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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.

Nrcewker

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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

In 1.5 million dollars, one can make a casino from scratch and can do heavy promotion. It’s just waste of money, if someone thinks to buy with the proposal kept by the OP. It would have been great if OP have mentioned the site’s details also, as this will help us to compare the figures mentioned in the OP directly with Site’s stats. Nevertheless I don’t think anyone will buy the casino, so definitely let’s see what happens next with the casino.

lienfaye

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

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.

Exactly, it's too much. I don't think they can easily find a buyer for this casino website given the time frame on when you can get back the capital you spend to buy it. Well anyway it's their right to sell the casino in their preferred amount. It just depends on their potential buyer if he/she find it reasonable.

I don't think anyone wants to sell a well-run casino.

True. The casino is not a well known too so there might be a real reason behind it that the seller is not disclosing, we'll never know. However, since the op stated the owner has a new business in mind (among with the other reasons), probably he's trying something new.

I794

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1.5kk ahhaha very funny Grin

If to reply serious, site without included affiliate programs - cost 10x times less. The market changed very fast and some casinos can insta ban or shave or cut aff payments, like videoslots for example. u can read here:

https://www.affiliateguarddog.com/community/threads/check-your-videoslots-september-stats.18658/

Also google can change algorithms is very fast and site can go down or had DDoS attack from competitors, been hacked etd, this is very risky business

For that amount of money, u can hire a guys and start to created completly new webiste with professional team

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

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

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.

As i understood - this is not online casino, this is just casino review site, like for google search, so all income comes from affiliate programs, so without them (they didnt include in sale) site dont make any money, u have to register new one and wait, looks like a completly scam deal, its very good deal for seller, as i wrote before - way cheaper to create similar project with even less money and dont need invest all on beg, u can invest 20-50k and get proper website with good writers etd

[moderator's note: consecutive posts merged]

PX-Z

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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.

That's why business man exists because of business. Any established business can be sold by specific price, negotiations, etc. The reason for selling the casino is considerable too.
Actually buying an established business is a win-win situation. As it is already established its name and already making profits. If the new owner can make the business more competitive after the ownership takeover then it will generate more income. But the question is if someone will buy it for the asking price.

Johnyz

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Quote from: Eureka_07 on November 26, 2022, 12:57:48 PM

One-and-a-half million dollar ($1.5M) is only their asking price. Meaning currently, it doesn't have any specific value until someone place a bid of any price, and that would be the current value of their business.
Personally, I think no one will want to buy it for that price. So I assume that the asking price will not be met at all.

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

Is there any possibility for you to share the name of the casino?

That’s a huge one, 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.

Eureka_07

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One-and-a-half million dollar ($1.5M) is only their asking price. Meaning currently, it doesn't have any specific value until someone place a bid of any price, and that would be the current value of their business.
Personally, I think no one will want to buy it for that price. So I assume that the asking price will not be met at all.

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

Is there any possibility for you to share the name of the casino?

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

Asking price: $1,500,000

Asking price means the price mentioned above is bargainable I believe, because if this is not bargainable, then, trust me, you wont find a buyers anytime soon.
For a casino that generates a little than $50,000 in a whole six months, and less than $100,000 in a whole year, I don't see any reason why you guys should inflate the price this much, when I know that if the seller is contacted directly, he will let it go at a very much more cheaper price.
You are a sale Agent I believe, and you've included your fee, but this price is way too much, from my personal observations though.

CryptSafe

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I am not in a position to dispute the sales of the enterprise as it is a business oriented firm but come to talk of it, the annual revenue is far below the asking price for the casino. However, the floor is open for interested buyers to bid and who ever bargains fairly gets it all. For such a casino to be put up for sales, there should be some proof of ownership and licence to operate within the jurisdiction where it is found or located. I still wonder why the owner would put up such an enterprise up for sale. Nevertheless, I expected the OP to have given full details of the running cost of the casino and other maintenance expenditure to know if the sales price equates the annual revenue compared to the asking price and running cost of the casino.

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BitcoinAccepted

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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.

aioc

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

The whole idea of making such forum post in Bitcointalk is hilarious. How many forum members are millionaires, who are willing to buy an online casino for 1.5 million dollars? Grin

You have a point I'm not a millionaire, well not yet but he is posting here not only for forum members there are many readers that are not a member of this forum, they just want updates and loves to see discussion and maybe, just maybe one of the readers happens to be a millionaire and looking for a business to set up that is related to gambling

Quote

There is something about this offer which screams scam, but I don't know what is it. What's the point of selling a profitable business?
The seller wants to buy a house. OK, but the casino is profitable enough so that the seller could buy a big and expensive house.
411K USD EBITDA per year isn't that bad. Just run the casino at the same profit levels for 5 years and you will have 2 million dollars.
The sellers wants to build a family business. OK, but the seller could use the profits and invest in his new family business.
The seller doesn't want to run this business by himself. I get it, but can't he simply outsource the tasks and hire some people to run the business for him? 411K USD is a big enough profit, so that the business owner could afford a team of good programmers, marketers and customer support.

Well, he's not the only one who sells profitable business but I doubt if this really is profitable because based on the computation the ROI is not good, I guess casino operation is a stiff business and he cannot keep up with the competition, but of course he will not include this in his reason.

seoincorporation

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It would be nice if you can tell us more about the license of the casino, and what games it has.

Most casinos nowadays are built with different providers:

*Front-end providers
*Slots providers
*Sports providers
*Poker providers
*Depos and withdrawals providers
*KYC providers

That means anyone can build a casino without knowing much about coding because everything is already done. So, $1.5M for a casino is a bad deal because anyone can build his own casino with less than $200k.

BlackRexuz

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Quote from: ThemePen on November 25, 2022, 04:15:07 AM

This is much expensive and it will take much time to recover the invested money. And this is a new casino and there is no guarantee that the traffic will stay remain every year.

So it can take much time. BTW I am not interested if anyone thinks it is better so he/she can buy.

For someone who has a lot of money it may not be much at a price like that, but if you think about whether to return your investment, when you change ownership, that's one of the factors to think about before buying, indeed it's quite expensive for the price offered by all investors ..

davis196

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The whole idea of making such forum post in Bitcointalk is hilarious. How many forum members are millionaires, who are willing to buy an online casino for 1.5 million dollars? Grin

There is something about this offer which screams scam, but I don't know what is it. What's the point of selling a profitable business?
The seller wants to buy a house. OK, but the casino is profitable enough so that the seller could buy a big and expensive house.
411K USD EBITDA per year isn't that bad. Just run the casino at the same profit levels for 5 years and you will have 2 million dollars.
The sellers wants to build a family business. OK, but the seller could use the profits and invest in his new family business.
The seller doesn't want to run this business by himself. I get it, but can't he simply outsource the tasks and hire some people to run the business for him? 411K USD is a big enough profit, so that the business owner could afford a team of good programmers, marketers and customer support.

Beparanf

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Quote from: ThemePen on November 25, 2022, 04:15:07 AM

This is much expensive and it will take much time to recover the invested money. And this is a new casino and there is no guarantee that the traffic will stay remain every year.

So it can take much time. BTW I am not interested if anyone thinks it is better so he/she can buy.

This is really expensive for an unknown website and unverifiable profitability but investors should be not computing the ROI base on the current profitability of the website since there’s always an improvement available to increase income generation. The computation of the OP is for the approximation on the minimum amount that you can earn if you operate as is but of course you are buying a business to improve it and not to maintain it because a profitable website shouldn’t be for sale unless the owner is already taking loss.

The price is very expensive OP, You should think carefully on the figure you are writing down even though you are expecting any discount offer.

Wiwo

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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

5 year waiting roll is quite long to get your capital back for a risk-associated business like a casino and if ops insist on a $1.5 sell price then he will have to wait a long before getting a serious buyer. And aside from the waiting time, many casino operators will want a platform their build from scratch truly and I support that because buying an already established casino may be a doorway into inheriting other liabilities of the company. So this will be a strong limitation for the fast sale of this casino aside from the exaggerated price of $1.5 sell price by ops.

ThemePen

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I stand with Palestine.

This is much expensive and it will take much time to recover the invested money. And this is a new casino and there is no guarantee that the traffic will stay remain every year.

So it can take much time. BTW I am not interested if anyone thinks it is better so he/she can buy.

Kakmakr

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You want to tell me.... with a Annual turnover of 425.693 EUR..... you make a Net profit of 411.886 EUR Huh

That is operating cost of about 13807 EUR per year? That sounds impossible... and even the turnover of 425.693 EUR is very high for a new casino?

In any way, I can buy a white label casino for a lot cheaper and then I can build it to something where I know that I have full control. It is like selling your business, but the old owner has access to the building and the books and the vault..... and possibly a lot of backdoors Roll Eyes

Saisher

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OP has not logged in yet to address all these questions and concerns the data OP posted is not complete and even questioned the profit and the ROI, which is very important if you are selling a complete casino, he needs to explain why the profit is not proportionate to the price of the casino in terms of ROI.
If I'm a buyer I need to know the additional cost and what's the highest profit the casino reached during the peak seasons like the holiday season.

piebeyb

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Quote from: ethereumhunter on November 25, 2022, 02:34:08 AM

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.

yeah using $1.5m dollars to build a casino from scratch is better and then make a promotion on this forum at least it will be a big crypto casino in a few years time if run well maybe OP could lower the price and people could bid on it but it seems very no it's also safe to buy a casino because we don't know there are bugs that maybe in the future the old owners can use to drain our money, so I also think that building a casino from scratch is better to spend that kind of money than buying a casino that is already running

ethereumhunter

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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.

worle1bm

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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.

robelneo

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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

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.

gunhell16

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

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

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.

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.

janggernaut

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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.

If the price of that site is lowered, will you buy that immediately? I mean, you can't just say you hope the price is bargainable but when seller lowered the price, you still don't want to buy it.

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?

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

Unfortunately we don't have information about the name of the casino for privacy concern and since the casino is still opeational

Maybe this?

Contact CasinosBroker

aioc

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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:

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.

Unfortunately we don't have information about the name of the casino for privacy concern and since the casino is still opeational

MainIbem

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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.

Don Pedro Dinero

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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.

coin-investor

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Quote from: yahoo62278 on November 24, 2022, 07:26:51 PM

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.

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.

yahoo62278

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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.

Is there any proof of what's been posted so far or do interested persons need to contact you for info?

Koadharber

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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.

fortunecrypto

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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.

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.

Baofeng

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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.

bitcampaign

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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

CryptoHeadlineNews

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