[HAVELOCK] CasinoBitco.in CBTC

[coingamblingreviews]

Nice to see profitability and the Casinos did well

[runam0k]

Quick note on the results: summary for March says 44.2094 BTC in combined expenses, but summary for Q1 says only 21.1258?

[casinobitco]

Yep.. if you look at the P&L there are refunds from the 3rd party odds provider baked in there as insurance (you'll see them as a positive expense instead of a negative)

Hope that helps

Quick note on the results: summary for March says 44.2094 BTC in combined expenses, but summary for Q1 says only 21.1258?

[runam0k]

Yep.. if you look at the P&L there are refunds from the 3rd party odds provider baked in there as insurance (you'll see them as a positive expense instead of a negative)

Hope that helps

Quick note on the results: summary for March says 44.2094 BTC in combined expenses, but summary for Q1 says only 21.1258?

Got it, thanks!

[fox19891989]

CASINOBITCO.IN (CBTC) ACQUIRES BIT777, PEERBET
February 2nd, 2014

CasinoBitco.in (Havelock Investments ticker symbol: CBTC) today announces the acquisition of popular Bitcoin Gaming properties Bit777.com, Peerbet.org, and Peerdice.org from Ultraplay, Ltd. Terms of the deal have not been disclosed.

CasinoBitco.in (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games along with a full Sportsbook. Operating successfully since May 2013, they offer HTML5 Blackjack, Roulette, Baccarat, Video Poker and Hi-Lo in their Casino.

Bit777 is a Bitcoin-only Casino, designed by Ultraplay Ltd, offering over 50+ flash-based games and have taken in over 1 million bets!

Peerbet.org is a popular community-based Bitcoin Gambling site offering chat, raffles, a proprietary “Wheel” game, dice, and more.

Peerdice.org, an offshoot of Peerbet.org, is a unique new community “versus” style dice game with only a 0.3% house edge. Players select their rolls and bet against each other on the site. Since launching February 1st, the site has already supported over 250,000 P2P games.

CasinoBitco. in first announced their goal of growth via an acquisition on Havelock Investments in December 2013. Since then, CasinoBitco.in has been in negotiations with Ultraplay and other Bitcoin Gaming operators looking for a deal favorable to all parties involved. Ultimately, the acquisition of Bit777/Peerbet was a the best fit for CasinoBitco.in not only due to the strong financials Bit777/Peerbet bring to the table, but also the opportunity to bring awareness of CasinoBitco.in to over 15,000 registered users on Bit777/Peerbet.

CasinoBitco.in is extremely excited to add Bit777/Peerbet to their current assets and eagerly looking forward to integrate all sites under the CasinoBitco.in brand

Ultraplay will continue some involvement in operations of the acquired properties for the foreseeable future, and there is no immediate impact to players on Bit777/Peerbet. CasinoBitco.in ultimately intends to merge many of the feature and functionalities between the various sites over the next 6 months to build the largest and best Bitcoin Gaming network around.

What are the prices you acquire bit777 and peerbet? Did you announce that?

[fox19891989]

We are well funded, and have confidence in where we are headed regardless of losses in the Sportsbook, which again - were insured.

Just to be clear: of the net -68.8262 btc loss over the last six months, how much of that is covered by insurance?

Where can I find information regarding the size of the company's remaining reserves?

Thanks

WOW, really? I don't think casinos lose money, it is ridiculous, once I asked a very ugly UI BTC casino, they said they have 3000 BTC pure profit in 2014. That casino really sucks, UI design likes 1990s website. If that casino can earn 3000btc in a year. I don't think casinobitco.in lost 68BTC in half year. I guess their figures are both fake.

The former casino faked the 3000 btc profit to find and sell the site to new investors. And casinobitco.in can refuse to pay you guys dividend if they announce negative profit. That's why I said the figures may be false.

[casinobitco]

Correct, the casino(s) generally doesn't lose money long-term, you can double-check the financials to date which back that up.

The Sportsbook can absolutely lose based on very sharp action, especially with unbalanced action that we've seen. If sportsbooks in vegas, with millions of bets can lose, so can a small bitcoin-only sportsbook with hundreds of bets.

As for the other casino earning 3000 btc in a year, I'm willing to be there are a few that are doing that in this space, specifically bitzino, or satoshibet. Being able to dominate SEO for "bitcoin casino" across the globe (which these guys do), yields a tremendous amount of users and play. But,  you'd know that if you read the reports since we have a specific section detailing our opportunities and progress in SEO monthly.

edit - No, terms of the Bit777 and PeerBet acquisition were not disclosed, nor will they be, due to a mutually agreed upon NDA with Ultraplay (the previous owners).

WOW, really? I don't think casinos lose money, it is ridiculous, once I asked a very ugly UI BTC casino, they said they have 3000 BTC pure profit in 2014. That casino really sucks, UI design likes 1990s website. If that casino can earn 3000btc in a year. I don't think casinobitco.in lost 68BTC in half year. I guess their figures are both fake.

The former casino faked the 3000 btc profit to find and sell the site to new investors. And casinobitco.in can refuse to pay you guys dividend if they announce negative profit. That's why I said the figures may be false.

[casinobitco]

CasinoBitco.in is seeking Beta Testers for the first true strategy-based Peer to Peer Game, Bitcoin Rush

Bitcoin Rush, the new flagship multiplayer coming to the CasinoBitco.in Gaming Network, is going to be the most exciting head-to-head strategy-based game available in the Bitcoin Gaming Market. The concept is similar to poker or chess, in concept, but each game only takes a few minutes to play!

Public Beta

We will be running a public beta version of Bitcoin Rush for at least two weeks to get feedback on the gameplay, address enhancements, and of course identify and fix bugs! All games in the Beta Period will be FREE, any registered user of CasinoBitco.in is eligible to participate in the Beta - but we are limited the Beta to the first 100 users that signup!

We will  be rewarding Beta Users with Prizes based on the following criteria:
Most Wins - Wins 1000 mBTC
Most Games Played - Wins 500 mBTC
Any bug or defect submitted - starts at 100 mBTC and goes up based on severity
Any enhancement we implement or add to our backlog - starts at 50 mBTC and goes up based on creativity and value

Please take some time to review the details of the game, and sign up for our public beta trial and earn some free BTC!

https://www.casinobitco.in/bitcoin-casino/bitcoinrush/beta

Timing: We will e-mail all beta users once we have the system ready, we're aiming for Monday May 4th or sooner!

[MidwestMiner]

I assume we can look forward to a report for April any day now?

[jrlichtman]

I assume we can look forward to a report for April any day now?

Seconding.

[casinobitco]

Sometime next week guys, we've been very busy with the beta launch of our new Peer to Peer game, Bitcoin Rush.

I assume we can look forward to a report for April any day now?

Seconding.

[drasted]

Anyone able to view the public metrics document from the April report? It tells me i need permission to view it.

[shmoula]

Guys, haven't you been thinking about changing strategy? For example stop pouring money into development and start with some more marketing? It's nice to develop new games, but when noone knows about them, it's a step aside a little bit. If someone starts with just one game and nice marketing campaign, he can steal you rest of your players, don't you think?

[casinobitco]

We're still working on the product itself, that includes innovative and original games (like Bitcoin Rush), ways to retain players better (e.g. tier based reward system), and a better site experience on desktop and mobile.

Once the product is in a solid place, we shift resources to marketing.


 

Guys, haven't you been thinking about changing strategy? For example stop pouring money into development and start with some more marketing? It's nice to develop new games, but when noone knows about them, it's a step aside a little bit. If someone starts with just one game and nice marketing campaign, he can steal you rest of your players, don't you think?

[jrlichtman]

Any idea when May results will be posted?

[casinobitco]

We are pending a rather large code deployment for CasinoBitco.in, once that's done - we will release the May financials and report.

Reason - The may report has many details of the large deployment.

Any idea when May results will be posted?

[protonewb]

Still no May report?? 

[casinobitco]

FYI - https://bitcointalk.org/index.php?topic=228243.msg11638653#msg11638653

More to come on this huge announcement as we recover from the 15 hour days the entire team has been putting in the past few weeks to get this out the door!

[jrlichtman]

People appear to be dumping. Something I'm missing?

[protonewb]

the lack of a May financials report doesn't exactly inspire confidence.

The site redesign looks pretty good, hopefully they can get more traffic.