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Author Topic: Calling out CasinoBitco.in  (Read 1919 times)
MPOE-PR
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February 14, 2014, 04:22:18 PM
Last edit: February 14, 2014, 04:38:35 PM by MPOE-PR
 #1

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Bitcoin Gaming Market Analysis – November 8th, 2013 – by CasinoBitco.in Staff

With our upcoming raise, and recent up-and-down results, we feel this is a good time to clarify our overall expectations for growth and other market share, and why CasinoBitco.in is still a “steal”!

Through in-depth research of both public and private bitcoin gaming data, we’ve been able to make several estimates and forecasts on the market, as it relates to our growth.

Over the coming months, we strongly believe we’ll be able to encourage growth by targeting several areas for improvement, including additional table games,live-in game sports wagering, additional P2P options, better reduced juice, slot & progressive games, referral/affiliate program, additional sportsbook options, VIP/rewards program, and translated versions of our website. We also launched a poll to confirm our thoughts on these items, available here: Link

The purpose of this report is to focus on sportsbook and casino markets, although we are considering exploring development options for “dice”/community-driven players, but need to do more research before investing resources on that effort.

Sportsbook versus Casino

Sportsbook: More centralized market, with roughly 6 sportsbooks possessing roughly 90%+ of market share.

CasinoBitco.in has the potential to be the only top player crossing over between both the bitcoin casino and sportsbook space. We’re confident we’ll crush our sportsbook growth goals with more reduced juice, affiliates launch (~2 weeks), and in-game live betting (4-5 weeks). These results are supported by our recent survey on the bitcointalk forum. We currently posses roughly 2.5%-5% market share in both markets, as reflected for sports below. We plan to achieve similar growth in the more fragmented casino market, which has roughly 2x the market earnings of sports. “Dice” is probably even higher, but remains to be determined.

TODAY versus 3-6 MONTH GOAL






Most important and difficult to predict is the growth of the bitcoin gaming market. We attempted to do so in the chart above based from a roughly estimated ~10% monthly growth rate, but this number could change or increase dramatically from month to month, as we’ve seen with the popularity of bitcoin lately.  Below are some rough estimates of bitcoin sportsbooks handle compared to the larger market, to illustrate the opportunity in the space:
 

Sports wagering as a whole: $1 trillion annual
 

Online sportsbooks: $100 billion annual (10% of all)
 

Nevada sportsbooks: $3.45 billion (3.45% of online)
 

Bitcoin handle: $100 million (2.9% of Nevada sportsbooks)

Below are tables showing Bitcoins earned and on annual basis, illustrate revenue per share, based on buy-in price. This forms the pool we can use for company, expenses, re-investment and dividends.

Today – Annual BTC versus annual EPS% based on market share & CBTC price

Market Share/CBTC Price     .0001     .00015     .0002
   
5%                                    25%        18%       15%

10%                                  50%         37%      30%

20%                                  100%       73%       61%

30%                                  150%       110%     91%


July 2014 (estimate):
Market Share/CBTC Price     .0001     .00015     .0002
   
5%                                    44%        32%       27%

10%                                  89%         65%      54%

20%                                  117%       130%     107%

30%                                  266%       195%     161%



What’s next?

We hope this analysis exemplifies the great potential CasinoBitco.in and bitcoin gaming posses, with some generalized market and growth estimates. Even the conservative estimate of 5% market share represents an excellent opportunity, but our expectations are much higher. .

Questions or inquiries regarding CBTC on HavelockInvestments.com or CasinoBitco.in are encouraged to email us at support@casinobitco.in.

We’ll be releasing additional shares at a very reasonable valuation over the coming weeks, starting Monday, November 11th at a price to be determined – stay tuned on our HavelockInvestments.com CBTC “Updates” tab for details: Link

**Monday offering price is subject to change based on the BTC price on 11/11. An update will be communicated early in the morning if the asking price has changed.

A big thank you goes out to our current investing community. We appreciate the great patience and support you’ve provided on this exciting journey so far!



Actually, the Bitcoin gambling market is in the millions of BTC, due to the market leader (Just Dice) doing pretty well:

Quote
<assbot> Just-Dice stat: 14272 BTC profit, 41.5k BTC invested, 630.69 mio bets, 5.00 mio BTC wagered

You don't figure in this market.

Meanwhile the Bitcoin betting market is in the 10s of thousands of  BTC, due to the market leader (BitBet) doing pretty well.

You don't figure in this market, either.

I have no idea who would take the lolgraphs you made seriously.



Quote
CASINOBITCO.IN (CBTC) ACQUIRES BIT777, PEERBET
February 13, 2014 / admin


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.



A. "Undisclosed" terms deals never happened.

B. You have to be either very stupid or very scammy to make false statements such as

Quote
CasinoBitco.in (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games [...]  Operating successfully since May 2013

The first noteworthy Bitcoin casino listed on MPEx in August 2012 by which point it was already operating for a few months. It was eventually taken private for a few degrees of magnitude over whatever you seem to imply your valuation would be. Since then there have been numerous other properties, plenty of which drawing more attention, more customers and commanding more market share than this thing.

In short: stop lying. Nobody has yet built a business on lying, nobody ever will. Time to start working on your apology.



This prospectus describes CasinoBitco.in’s initial public offering of 3,000,000 shares @ 0.00018 BTC through Havelock Investments, representing 10% of the company.

Quote
<assbot> [HAVELOCK:CBTC] 1D: 0.00012000 / 0.00020914 / 0.00025998 (246707 shares, 51.59604926 BTC), 7D: 0.00002001 / 0.00015478 / 0.00025998 (1080713 shares, 167.27789495 BTC), 30D: 0.00002001 / 0.00012483 / 0.00025998 (2308771 shares, 288.19321627 BTC)

You've been trading at a massive discount over IPO price all month, your total market cap is in the best case scenario pocket change and you go around derping about "biggest" and "acquisitions"?

Get a grip before Dr. Greg starts investing in you or some similar lolpocalypse.

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February 15, 2014, 03:51:44 PM
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you're not getting cheap shares! so get in line like the rest of us
or back to your Troll Cage..

Last time i checked the company is less than six months old and most Business Plans take 5 years to develop fully..

lets compare notes in 6 more months!

And why did you feel the need to move the thread to here?..
to instill doubt in a very well run and growing concern IMO
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February 15, 2014, 04:13:01 PM
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B. You have to be either very stupid or very scammy to make false statements such as

Quote
CasinoBitco.in (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games [...]  Operating successfully since May 2013

The first noteworthy Bitcoin casino listed on MPEx in August 2012 by which point it was already operating for a few months. It was eventually taken private for a few degrees of magnitude over whatever you seem to imply your valuation would be. Since then there have been numerous other properties, plenty of which drawing more attention, more customers and commanding more market share than this thing.

In short: stop lying. Nobody has yet built a business on lying, nobody ever will. Time to start working on your apology.

I love how you talk about lying and scamming while only quoting half of a complete sentence in order to make a point...
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February 15, 2014, 09:20:32 PM
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[ ] accusation of a scam
[ x] accusation of poor business plan
[ x] hand waving
[ ] strong call out

Usually when you quote more than you actually write, your argument is dead on arrival.


good try mpoe. You should just continue to be the gate keeper of obvious scams. Your ability to analyze anything more sophisticated, as clearly demonstrated here, falls flat on its face.
MPOE-PR
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February 18, 2014, 09:22:16 PM
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[ ] accusation of a scam
[ x] accusation of poor business plan
[ x] hand waving
[ ] strong call out

Usually when you quote more than you actually write, your argument is dead on arrival.


good try mpoe. You should just continue to be the gate keeper of obvious scams. Your ability to analyze anything more sophisticated, as clearly demonstrated here, falls flat on its face.

Sophisticated? What are you, specially gifted or something?

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