Profitable and Growing Casino Website for Sale

[Wiwo]

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.

[Beparanf]

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.

[davis196]

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?
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.

[BlackRexuz]

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 ..

[seoincorporation]

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.

[aioc]

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?

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

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.

[BitcoinAccepted]

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.

[Sims25]

1.5m 

[CryptSafe]

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.

[Fivestar4everMVP]

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.

[Eureka_07]

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.

<snip>

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

[Johnyz]

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.

<snip>

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.

[PX-Z]

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.

[I794]

1.5kk ahhaha very funny 




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

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]

[lienfaye]

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.
 

[Nrcewker]

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.

[dezoel]

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.

[Wiwo]

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.

[Hispo]

-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.

[gunhell16]

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?