[HAVELOCK] CasinoBitco.in CBTC

[userghost]

Numbers look good.   

Is there anyway we or havelock can verify these numbers? Eg blockchain address? Or other methodology? Thanks.

Not sure what numbers your talking about, all I see are red ones...

[Temo58]

Got to admit controlling faucets and sig campaigns here is a good acquisition that and larger gambling flows congrats

[casinobitco]

January Metrics and Financials below.
 
Monthly Metrics: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=16
 
P&L - https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo
 
Sportsbook:                                     +12.4911 btc
HTML5 Casino:                                 +13.01 btc
Bit777/ PeerBet (CBTC Share):         +2.0791 btc
 
Overall Month: +27.58
 
Noteworthy callouts
We saw really good momentum in January leaded up to the Super Bowl game tomorrow, seasonally January and February have always been our busiest months excluding special events like the World Cup.

The controls we put in our Sportsbook last year seem have had a positive effect as we were able to show a small profit on light action. We still maintain that we need to integrate with a new Sportsbook backend which can provide us with the ability to automatically hedge bets, and offer more markets and options, to effectively grow the overall product and compete with industry leaders. There are solutions out there, but we will likely revisit any large capital expenses until after Q1 in an effort to return a dividend to unit holders assuming we can stay profitable in February and March.

The Casino also had strong results with our VIP program helping bring back repeat players. However, we are most proud of our launch of our Leaderboard which allows us to run mini-promotions for big events, or on some type of consistent interval (Most hands played monthly, etc). Blackjack which is the featured promotion right now had over 33,000 hands played for a total of 202 btc wagered in January.

Last, we regret to inform unit holders that the interested parties had to drop their bid in PeerBet and Bit777 due to unforeseen issues with the regulatory environment where they reside. All said, PeerBet is still for sale, and we will continue to pursue a strategic partner to either take on Peerbet with our partnership, or solely.

[jrlichtman]

How was February?

[sayonara_sam]

How was February?

just click on the P&L link.

Overall Month: +6.9320

[jrlichtman]

How was February?

just click on the P&L link.

Overall Month: +6.9320

+1

[casinobitco]

How was February?

just click on the P&L link.

Overall Month: +6.9320

+1

Yep, those numbers are correct.

I'll have a summary of the month out by Wednesday evening at the latest..

[ranlo]

How was February?

just click on the P&L link.

Overall Month: +6.9320

+1

Yep, those numbers are correct.

I'll have a summary of the month out by Wednesday evening at the latest..

Is there any chance of seeing dividends at the end of March? . Or better put, what numbers would we be looking for to make that happen?

[casinobitco]

February Metrics and Financials below.
 
Monthly Metrics: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=16
 
P&L - https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo
 
Sportsbook:                                     - 0.3570 btc
HTML5 Casino:                                 +10.4850 btc
Bit777/ PeerBet (CBTC Share):          + 0.2160 btc
 
Overall Month: +10.3440 btc
 
Noteworthy callouts
Overall, a positive month in most verticals, with the exception of a manageable loss in the Sportsbook.  We had a very solid Super Bowl taking 423 different wagers, for a combined handle of just over 30 btc. While definitely down YoY since we have not had a strong sportsbook offering since our 3rd party shut us down,  it does show what's possible with a strong brand, and unique offerings (we had, by far, the most Prop Bets available vs any Bitcoin Sportsbook).

Consistent Casino revenue helped lock in a profitable month. Blackjack which was featured twice in February Promotions and attributed to over 41,000 hands (+9k MoM) played for a total of 137 btc wagered in February (-65 btc MoM). We are currently running a Baccarat promotion now which is not showing much progress, tough to say if this just isn't a popular game, or if we are in too much of a lull period ahead of March Madness, or both?

It's apparent our recent success has been attributed to extremely light expenditures, and tighter controls in our Sportsbook, but this type of management strategy will absolutely hinder any further growth. So, as mentioned in previous monthly reports, we are pursuing opportunities to bring on new partnership to allow us to invest further in our products, marketing, and known pain-points. In turn we are confident that addressing some low-hanging fruit will help us better compete with the the marketshare leaders.

[jrlichtman]

Well done on all counts: turning things around, profitability, and keeping an eye on the long term.

[ranlo]

Well done on all counts: turning things around, profitability, and keeping an eye on the long term.

++

And something I hadn't thought about asking before... on PeerBet's "share," since that includes altcoins, are those liquidated, or how do you come up with the BTC figures?

[casinobitco]

Well done on all counts: turning things around, profitability, and keeping an eye on the long term.

++

And something I hadn't thought about asking before... on PeerBet's "share," since that includes altcoins, are those liquidated, or how do you come up with the BTC figures?

Yes, we liquidate at the end of the month, when it's worth while. We have no liquidated any coins in a few months as it hasn't been worth the effort.

[sooraw]

any plans on adding poker?

[casinobitco]

any plans on adding poker?

None.

We've looked into this a few times over the past 2 years, the market for Bitcoin Poker is not only extremely saturated, it's a difficult endeavor to undertake from a customer support, marketing and technical perspective. Just look at all the problems that our competition is running into with freerolls (which don't generate them ANY revenue)!

[ranlo]

any plans on adding poker?

None.

We've looked into this a few times over the past 2 years, the market for Bitcoin Poker is not only extremely saturated, it's a difficult endeavor to undertake from a customer support, marketing and technical perspective. Just look at all the problems that our competition is running into with freerolls (which don't generate them ANY revenue)!

It's further made difficult because for whatever reason, crypto poker players are generally just freeroll hunters.

And when do we get March's stats? . Should also be quarterly report, right?

[casinobitco]

any plans on adding poker?

None.

We've looked into this a few times over the past 2 years, the market for Bitcoin Poker is not only extremely saturated, it's a difficult endeavor to undertake from a customer support, marketing and technical perspective. Just look at all the problems that our competition is running into with freerolls (which don't generate them ANY revenue)!

It's further made difficult because for whatever reason, crypto poker players are generally just freeroll hunters.

And when do we get March's stats? . Should also be quarterly report, right?

The data in the worksheets is up to date, we are working on a Q1 report, will publish once its completed.

[darrenyu]

I invested ฿3.123 for 24273 shares years ago.. now it value as only ฿0.2182   
 
The good news is that u have profit these year.

[pedrog]

I invested ฿3.123 for 24273 shares years ago.. now it value as only ฿0.2182   
 
The good news is that u have profit these year.

How much have you receive in dividends?

[darrenyu]

Didn't get dividends since    2014-07-04.
I always buy shares after get dividends.
Didn't withdraw them.

I invested ฿3.123 for 24273 shares years ago.. now it value as only ฿0.2182   
 
The good news is that u have profit these year.

How much have you receive in dividends?

[casinobitco]

March Metrics and Financials below.
 
Monthly Metrics: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=16

P&L - https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo

Sportsbook:                                   - 4.23860 btc
HTML5 Casino:                               + 4.322  btc
Bit777/ PeerBet (CBTC Share):        -6.5076 btc
 
Overall Month: -12.0314 btc


Noteworthy callouts
A negative month to end the quarter, with some losses in the Sportsbook and PeerBet.

We had consistent (but down YoY) action in the Sportsbook with March Madness, which was offset by wins in the Casino with very light volume, likely due to us running Baccarat promotions instead of the Blackjack promotions which we ran in January and February. The lesson here is that Bitcoin Players simply do not want to play Baccarat even with the tremendously low house edge! For instance, just half a month into April and we’ve already exceeded the Casino volumes for the full month of March. With Baseball underway, and the NHL and NBA playoffs starting, we should start gaining another pop in volumes across the board which we hopefully can ride until the big lull ahead of the US Football season.


Q1 2016

Q1 Revenue   +31.452 btc
Q1 Expenses   -16.517 btc
————————————
Q1 Profit      +14.935 btc
 

As we approach the next quarter, we are excited to report that we have multiple partnerships lined up inside the Bitcoin Community, as well as the more traditional non-bitcoin sports betting community. While we are not obliged to speak about the details publicly yet due to NDAs in place, both of these partnerships will allow us to strengthen our brand, increase our marketing reach, and will ultimately allow us to continue to grow our revenues.

The management team firmly believes there is still a rather large opportunity to regain customers back from our competition with our VIP program, but we need a better sportsbook in place, and of course need to operate risk-free. In the next 3 months ahead of the US Football season, we are going to reinvest the profit we earned in Q1 into a new Sportsbook with updates to our current look and feel, and integration with a solution which will allow us to operate near-risk-free with light operating costs (far less than our previous 3rd party supplier). Aso, one of our new partnerships will also increase exposure to our book to new bitcoin bettors, so we are confident this is the best use of the profit from Q1.