CasinoBitco.in - Raising Bankroll for Football! [IPO] [BTC-TC] [BITFUNDER]

[casinobitcoin]

Hi all, CasinoBitco.in here!

Thanks to all who have visited our site, and for all the helpful suggestions and insight.

We’ve experienced almost 85% month-over-month growth in traffic and earnings, and have just raised our betting limits. However, with football season fast approaching, we’re now considering additional investments to enable a higher limit on sports (likely 10 btc) and casino bets, expand marketing efforts, and keep cash on hand for legal expenses as they arise.  

We’re considering BitFunder, BTC-TC, and other options, and would like the input of the community as to this move, and whether we might help fill the void recently left by the departure of a large dice site. A full prospectus and financial projections have been prepared to support any such listing.

With servers based in Ireland, we have an HTML5 casino, no debt, proprietary technology, minimal overhead, and are in the works for many new games and offerings over the coming weeks we believe our players will appreciate, including an affiliate program, HTML5 baccarat (huge in the Asian market!), parlays, and our NFL suicide pool (almost ready!). We’re currently experiencing over 3,000 unique visitors a week, with quickly increasing player balances & roughly 30 btc in earnings over the past month.

Thanks in advance for your comments!

Chart 1 - Earnings Projections without IPO)


Chart 2 - Earnings Projections with IPO)

[casinobitco]

FYI - I endorse this message, casinobitcoin is running with the Financial / Marketing aspects of the site as I focus on Strategy and Development Activities.

Hope to hear from you guys on our best options to raise capital!

[hl5460]

What are the justifications for raising more capital?

[casinobitcoin]

What are the justifications for raising more capital?

We have a solid track record so far we hope to expand upon - but unfortunately, not that much capital. It's the missing piece in the venture at this point. There's always the option of raising debt, which we will also consider.


As for what response we are looking for:

-Preference for where to potentially list

-Other recommendations for raising funds

-Feedback/input on our site and offerings

-Any other questions from an investor's prospective!

[blackswan]

How are you predicting future stock prices?  What will your funding be used for?

[casinobitcoin]

How are you predicting future stock prices?  What will your funding be used for?

These forecasts are based off the ability to pay a up to a live 10% annual dividend. This seems to be pretty standard for a fast growing, new issue on btc exchanges from our research. The "blue chip" target, set by assets like Ukyo-Loan, is an 18% annual dividend, and we will re-evaluate our valuation closer to that number over time, as we become more established and growth slows.

Funding will be mostly used to increase our bankroll, so we can safely accept higher max bets without risk of ruin, and risking player payouts. This plan would enable us to be at most 1% exposed with a 10 btc max bet per event. Some capital will also go towards marketing and minor contractor expenses.

[casinobitco]

One addition, our max bets right now are 2 BTC in the sportsbook and .25 BTC in the casino.

This potential IPO is to help us raise those max bet limits so that we can compete with some of the other more established sites by the time the NFL season rolls around. We feel that having a sportsbook and casino in one is a competitive edge over our competition. And trust me : once we get Baccarat ready for Live betting, gamblers will be begging us for higher limits.

[TheSwede75]

How much are you looking to raise? IPO share price?

[BitHub]

Hello. How much BTC are you trying to raise with this IPO and what % of casinobitco will shareholders own?

[casinobitcoin]

How much are you looking to raise? IPO share price?

Good questions! Thank you.

We'd issue a total 30,000,000 shares, release 10% to the public in two waves

(Wave 1): 2,000,000 shares valued at ~0.000155 BTC (matches the IPO mark on chart) 

(Wave 2): 1,000,000 shares valued at ~0.00025 BTC

This would raise at least 500 btc in total, which we think is necessary for the 10 btc limit.

It's also a relatively modest valuation compared to other successful bitcoin IPO's, especially for an already profitable venture with no debts.

Thoughts welcome!

We fill this would add enough liquidity to the market to be fair to shareholders & fairly value the company. Our goal is to be providing well over 20% dividend to Wave 1 investors by the middle of NFL season, as can be seen by our forecasts graphs. These projections take into account our steady current growth, but we will also be riding the wave of NFL/NCAAF and the release of our upcoming features 

[TheSwede75]

How much are you looking to raise? IPO share price?

Good questions! Thank you.

We'd issue a total 30,000,000 shares, release 10% to the public in two waves

(Wave 1): 2,000,000 shares valued at ~0.000155 BTC (matches the IPO mark on chart) 

(Wave 2): 1,000,000 shares valued at ~0.00025 BTC

This would raise at least 500 btc in total, which we think is necessary for the 10 btc limit.

It's also a relatively modest valuation compared to other successful bitcoin IPO's, especially for an already profitable venture with no debts.

Thoughts welcome!

We fill this would add enough liquidity to the market to be fair to shareholders & fairly value the company. Our goal is to be providing well over 20% dividend to Wave 1 investors by the middle of NFL season, as can be seen by our forecasts graphs. These projections take into account our steady current growth, but we will also be riding the wave of NFL/NCAAF and the release of our upcoming features 

I wouldn't call it a very modest valuation considering you would value a company with a projected profit of 200 BTC at 5000 BTC at IPO. You are also assuming exponential growth and only releasing a total of 10% in the IPO, it seems like a very small amount.

I would suggest you release at least 30% in the IPO and skip the 2-stage release (I know it's popular lately, but lets be honest. It's just a way to artificially inflate stock value and guarantee that investors find the first IPO price attractive).

There is a reason that no serious companies on FIAT exchanges pre-announce what is essentially several different IPO's with staggered prices.

I think your business seems very interesting and I think you can do extremely well, but if you truly want to leverage funds into growth, why not release 30% @ the same valuation and up the minimum bet 20 BTC?

[BitHub]

so 500btc for 10% *twiddles thumbs*. So today you guys are giving yourselves over 500k valuation. Very aggressive. with 30btc in sales last month 3200ish. Not sure what the total history of your sales figures are, but let's multiply that by 12. about 40k a year. Competing in a non bitcoin mining market against some key players like bitbet and you guys are giving yourselves a 500k valuation today?

Realistic valuation today 50k (that's being very generous)

[TheSwede75]

so 500btc for 10% *twiddles thumbs*. So today you guys are giving yourselves over 500k valuation. Very aggressive. with 30btc in sales last month 3200ish. Not sure what the total history of your sales figures are, but let's multiply that by 12. about 40k a year. Competing in a non bitcoin mining market against some key players like bitbet and you guys are giving yourselves a 500k valuation today?

Realistic valuation today 50k (that's being very generous)

I think this is probably very low with the growth potential. I think the valuation is fairly decent, my suggestion was mostly that they offer a larger share of the company in the IPO. That way risk taking investors would have a bigger incentive to invest and they could raise more funds for expansion.

[casinobitcoin]

Thank you for the helpful feedback (single IPO, higher %, go for 20 btc limit). Thanks Swede for the positive comments

We are using your feedback - keep in mind, no details are set in stone yet. These #'s are simply derived from our history and projections, accounting for new growth for baccarrat, NFL, etc as described. Reasons we believe a PE ratio of 10 / ~500 BTC IPO is a steal, to be part of a venture that has the potential to out-compete the other BTC casino/sports players & way more:

-A development-savvy founder and dev team with 100% dedication to this project (that's worth a LOT in the startup world)
-Huge development pipeline, owned and developed internally.
-84% month-over-month growth in the 'off-season'
-Just from linear growth (not exponential), taking into account some additional revenue from Baccarat, etc, we forecast ~50 btc in earnings/month by the peak of football season.
-Additional funding should enable ~75 btc/month in that same timeframe.
-Our numbers are actually spiking upwards even more quickly the last few days since this analysis, which is positive news.

Compare us to the other non-mining options out there (which are mostly mining pre-orders, see Bitfunder.com >> Cado.AvalonB3 for an example of how those tend to do)....
-A declining asset exchange with roughly 15000 in annual earnings (not considering just losing its largest listing) cap at 1 million BTC (67 P/E ratio)
-An ASIC development company (we know how risky that is) with a couple Avalons and few thousand chips trading at 135,000 BTC
-A long-shot Australian mining exploration venture valuing itself at 41,000 BTC
-A t-shirt retailer with -40% declining sales each of last 2 months (last month 6 BTC) still trading at 750 BTC (11 P/E ratio) cap
(just to name a few)

I know where my btc will be... (Not at all criticizing these organizations in any way, just how they are trading)

We are wondering what potential investors would like to see us work on, and their expectations?

[casinobitcoin]

so 500btc for 10% *twiddles thumbs*. So today you guys are giving yourselves over 500k valuation. Very aggressive. with 30btc in sales last month 3200ish. Not sure what the total history of your sales figures are, but let's multiply that by 12. about 40k a year. Competing in a non bitcoin mining market against some key players like bitbet and you guys are giving yourselves a 500k valuation today?

Realistic valuation today 50k (that's being very generous)

I think this is probably very low with the growth potential. I think the valuation is fairly decent, my suggestion was mostly that they offer a larger share of the company in the IPO. That way risk taking investors would have a bigger incentive to invest and they could raise more funds for expansion.

Thanks Swede. Larger % could be good for liquidity as well.

[TheSwede75]

so 500btc for 10% *twiddles thumbs*. So today you guys are giving yourselves over 500k valuation. Very aggressive. with 30btc in sales last month 3200ish. Not sure what the total history of your sales figures are, but let's multiply that by 12. about 40k a year. Competing in a non bitcoin mining market against some key players like bitbet and you guys are giving yourselves a 500k valuation today?

Realistic valuation today 50k (that's being very generous)

I think this is probably very low with the growth potential. I think the valuation is fairly decent, my suggestion was mostly that they offer a larger share of the company in the IPO. That way risk taking investors would have a bigger incentive to invest and they could raise more funds for expansion.

Thanks Swede. Larger % could be good for liquidity as well.

I am glad you didn't take it as criticism of the business. I am personally interested in investing in your IPO.

[VinceSamios]

I'd like to see this on bitfunder and you'd probably get a few btc from me if:

1. You provided a larger percentage of the company to investors ($50k doesn't give many investors much of a chance, and your IPO would be a brawl) (Maybe 40%)
2. You aim for 25% ROI - websites are valued at about 5 months ROI, so this is already 20 times a websites typical valuation - remember this is a fund raising IPO, investors want to see growth potential in stock values as well.

Otherwise - its a stock I'd be interested in.

[casinobitco]

This is all great feedback, we appreciate that the community is as excited about the IPO as we are!

Few things I can share with you regarding our near-term road map (1-2 months), the following games are all in development now and should be released ahead of the NFL season.

1) HTML5 Baccarat: We are piggybacking on top of the framework we've used for Blackjack and extending it for Baccarat. We are predicting this will give us a wider range of players to our site, especially in Asian markets which are becoming heavy adopters of Bitcoin.

2) Provably Fair for Blackjack and Baccarat: This is a no brainier, and something the community expects - it's coming!

3) NFL Suicide (aka Survivor) Pools : While we won't be making a lot of revenue in these pools, we will be increasing the stickiness of our site and introducing many casual gamblers to Bitcoin and our site. Each and every week users will be coming to our site to pick their team for the upcoming week. This will give us ample opportunity to cross-sell them into placing a bet on an upcoming NFL game in our sportsbook or play some Blackjack in our casino.

4) Parlays: Parlays themselves are considered sucker bets, it's hard enough to pick 1 winner, let alone 3+. Having this feature will allow the sportsbook revenue to continue it's upward trend.

All of the above is custom developed which gives us a wider ranger of flexibility and increases our worth as the IP will be an assert for the company.

[MSantori]

What is your legal exposure in your home jurisdiction?  Will you cater to US customers?  What is your exposure in the US?  I represent Bitcoin businesses, but I have little experience doing casino/gambling/betting legal work.  I'd love to know more about how you plan to address (have already addressed?) the regulatory environment you're facing, because I don't know a thing about it.

[TheSwede75]

What is your legal exposure in your home jurisdiction?  Will you cater to US customers?  What is your exposure in the US?  I represent Bitcoin businesses, but I have little experience doing casino/gambling/betting legal work.  I'd love to know more about how you plan to address (have already addressed?) the regulatory environment you're facing, because I don't know a thing about it.

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