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VOL. IS PICKING UP.Next leg to 2.00
SVNP - 777 betz.com
SVNP just broke the 50 day MA today, the MACD has turned and money flow is positive, al beit small at this juncture. However with a 1.3 million float it does not take much to move this stock, to boot the float is tied up til June all the OS is restricted since its a new issue. They have announced increasing wagers thru there online gaming site 2m, then 7mil. Future is bright here.
Anything is possible as SVNP has alot going for them---->
1.Growing number if internet users worldwide(millions)
2.Massive growth in Poker(Hold'em mostly)
3.The online gambling sector is Billions and growing(great place to be)It is nowhere near topping out.
4.Heavy rumors swirling of a large fund coming into SVNP
http://www.777betz.com/
Right place..right time.Watch the steady rise....CFRI too.2 SOLID CO.'S
This is really an untapped profit center for companies that produce gaming content, as well as wireless carriers," said Erik Thoresen, research analyst for Mintel. "Cell phones are rapidly growing in their functional capabilities. This industry stands to receive a major boost when it is partnered with cell phone technology."
The cell phone industry has experienced a significant boom within the last five years, reaching US$113 billion last year in service subscriptions and handset sales alone. Internationally, the number of cell phone users will surpass 2 billion this year.
Looks like participation won't be an issue....
About 777betz.com
In other news, Mr. Cheung reported that new member registrations in the first full month of operations continue to exceed projections. With a business handle of just over $7,000,000 for August, a 300% increase over July volumes is evident. With the imminent start of the Hockey, Football and Basketball seasons, the dollar handle should continue to show significant increases.
SVNP Hmmmmm.....I see they've added multi-table poker most recently! Remember the moto within gaming, they don't build these places off of the winners!
Is there anywhere in the WORLD
that poker is NOT popular now??? This could be good with the way "hold 'em" play is increasing!
I agree...huge potential.
The field is still growing. We have alot of juice in the tank on this one.
Interesting article.
Gambling on a cellphone taking off
Mobile gaming has become an increasingly hot area of cellular phone revenue, climbing to US$200 million in 2004. Additionally, mobile gambling is increasing its stake in the USA at a rapid rate, according to Mintel International's recent report on cellular phones. Mobile gaming refers to video games played on cellular phones. Mobile gambling describes cellular phone activities that are similar to online gambling.
A popular activity in Europe and the Asia-Pacific region, mobile gambling is projected to generate US$3 billion in revenue in the U.S. in 2009. Still, mobile gambling will account for only 1.5% of mobile industry revenues, according to Mintel's forecast. The U.S. casino gambling market generated revenues of US$48.3 billion in 2004. This market is predicted by Mintel to reach US$70.6 billion in 2009. Mobile gambling forecast revenues for 2009 equate to more than 4% of this predicted casino gambling revenue.
"This is really an untapped profit center for companies that produce gaming content, as well as wireless carriers," said Erik Thoresen, research analyst for Mintel. "Cell phones are rapidly growing in their functional capabilities. This industry stands to receive a major boost when it is partnered with cell phone technology."
The cell phone industry has experienced a significant boom within the last five years, reaching US$113 billion last year in service subscriptions and handset sales alone. Internationally, the number of cell phone users will surpass 2 billion this year.
"Mobile gambling is driven by the same sort of innovation that is growing ringtone downloads and mobile movie previews," said Thoresen. "Cell phone technology is able to integrate within the context of our culture, due to increasingly more sophisticated technology. Many Americans are turning to their mobile phones for entertainment
Pressure building on this one. Will be a slow upward clinb. :)
What's up for the coming month? Where is this going? Looks good, and time to load up.
Online Poker – Driving Gambling To New Heights
Description: Detailed industry report includes results of a survey conducted among industry experts featuring gambling’s hottest topic.
Gambling reinvents itself constantly, and online poker is the product that seems to be the current guarantor of future growth. Online poker is the perfect symbiosis of two mega trends in gambling: online gambling and poker. What began as triumphant advance in the US is now leading to a global poker wave on the Internet with tremendous potential.
- The amount gambled on poker websites around the world is estimated to be more than USD 60 billion for 2005.
- More than 60% of the industry experts surveyed believe that online poker will be the dominant offer in online gambling in 2-3 years.
- 75% of the industry experts surveyed believe that the global annual rake/commission in the 2-3 years will be more than USD 4 billion.
An important reason for the rapid growth of online poker is the increasing number of successful TV shows featuring poker. There are many examples of successful poker TV coverage, among them the World Series of Poker on ESPN, Celebrity Poker on Bravo, and the European Poker Tour on Eurosport.
Online poker has also gone up in the estimation of the global business and financial community. Betting heavyweight Sportingbet just recently bought poker site Paradise Poker for about USD 300 million -not a bad price for a site launched in 1999, but more than 53% of the experts surveyed believe this price to be appropriate.
But this study also points out that the online poker market will become a tougher market in the future. With decreasing revenues per active player and growing competition, the poker operators have to find successful strategies for the future. The industry insiders surveyed recommend as the most important strategies for the future the creation of poker networks, the entry into the market by more betting brands such as Ladbrokes, and the consolidation of poker sites.
When it comes to geographical expansion, Europe seems to be the place to go; 52% of the experts believe that Europe offers the greatest future potential for online poker. Market leader PartyPoker, for example, is planning to launch its presence on television throughout Europe very soon and already operates its site in one other language besides English –German.
777 Sports Entertainment Corp.
Corporate profile
A Nevada company, 777 Sports Entertainment Corp. (OTC Pink Sheets: SVNP) has acquired a 49% interest, with an agreement to own up to 60%, in the United Kingdom company, 777 Sports Entertainment Limited. UK-based 777 Sports Entertainment Limited, holds a license to operate an Internet casino and sports book using the Chimera 2 suite of products, platforms and applications. The company operates i-gaming services as www.777betz.com with all day-to-day operations provided through
E-Network de Costa Rica S.A. Company President and CEO, James Cheung has ten years experience in on-line gaming and Internet marketing, as well as extensive marketing contacts, including North America’s largest Asian community.
Business Overview
777 Sports Entertainment Corp.’s business strategy is to invest in the exciting and exploding Internet-gaming industry through being the largest single investor in the UK company, 777 Sports Entertainment Limited. After 777 Sports acquired the interest in 777 Sports Entertainment Limited in January 2005, branding and customization of the products and applications were completed in July 2005, and the one-stop shop for discriminating players was launched. The full suite of casino games, international sports book wagering, thoroughbred horse betting, the highly popular Texas Hold-em Poker, and the ability for mobile access to all products, will be completed by October 2005. Tournament play will be commenced as soon as practical and the platform will offer a range of card games which are popular with North American, European and Asian players.
www.777betz.com handled in excess of US $1.75 million in July 2005, which was not a full operating month, with Member sign-ups in August being twice the business plan expectations. Revenues generated by operations are earned by the company on a play for fees basis and therefore are taken into profits immediately. Business plan projections call for cash flow to be positive within a 6-month period.
Mobile Play
In September 2005, 777 will launch a mobile gaming platform to provide access to all gaming platforms on a play for fun, or real play modes, through cell phones and other mobile devices such as PDA’s. Players will access the various platforms to be played through www.777betz.com. As with players who access the website on a PC, the mobile platform will provide access to all gaming options, including the multi-table/tournament poker platform with the highly popular Texas Hold-em, as well as Chinese Poker, Big 2 and Pan, which appeal to the Company’s Asian members.
Poker Prospects
Poker websites make money by taking a ‘rake’ from each pot, usually 1%-3% of the pot. The research group River City, calculates that such revenues from the world’s 200-plus poker websites now approach $2 billion a year, as of 2005 and will continue to show significant increases. The research group believes that some 1.5 million people play poker online regularly for real money and that the number is growing by 100,000 a month. UK-based Party Poker claims that 65,000 people, mainly Americans, play simultaneously on its site at peak hours. Party Poker is estimated to have made US$350 million in profit in 2004, with prospects of making US$500-600 million in 2005.
777 Features
The world-class sportsbook-wagering platform allows members to wager on all major sporting events worldwide. Players are able to place bets in confidence; and the software provides a comprehensive and easily utilized reporting platform for players to track their wagers and/or to view completed transactions.
The online casino games are delivered to the players in a Java format, with a Flash application to be implemented soon offering additional games by year-end. The programs have been developed with ease-of-use in mind, with realistic graphics and no download required. The suite of games presently available include: Baccarat, Blackjack, Caribbean Poker, American Roulette, Craps, Super Slots, Outer Space Slots, Crazy Reel Slots, Wanted Slots, and of course, the all-time favorite, Jacks or Better.
The horseracing platform provides access to major North America horse tracks and will be upgraded by year-end to include tracks from Europe and Asia. The platform features a user-friendly interface with live lines that include the track name, race-odds, betting limits, bet types, the purse, horse name, and the name of the jockey. The payout is based on track prices and automatic updates of real-time odds, scratches and pool information is provided. The online capability enables members to make wagers up to post time.
777 Operations
The licensing agreement with Nevada-based i-gaming software and e-commerce services company, Chimera Technology Corp., provides 777 with a complete turnkey operation. Chimera is an international developer, licensor, and provider of online gaming products and has developed a state-of-the-art "BIRDS EYE" System, which incorporates a complete back-office management system operating all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
As members register at www.777betz.com, a payment processing application is completed, which allows for deposits to be made to an account for player use in all platforms. Deposits may be made electronically and by other methods such as wire transfers. This transaction processing system is provided through 724 PAY, a business partner, and the system facilitates payouts of winnings to members again either electronically or by other chosen methods.
777 Marketing Strategy
The Company is presently marketing operations through affiliates and existing business connections to target prospective sports enthusiasts or groups. www.777betz.com provides some important conditions of use translated into Mandarin Chinese. Players are offered bonus prizes and incentives for continued play and referrals, as repeat business is the hallmark of success in i-gaming. The Company believes that in addition to being a one-stop gaming destination site, exciting gaming options, integrity of odds offered, seamless back-office support, ease-of-use, and instant pay service will all build customer loyalty.
Industry Outlook
777 Sports Entertainment enters the i-gaming world at a time when investors appear to have a healthy appetite for on-line casinos. A United Kingdom IPO for www.partypoker.com successfully completed in July 2005, gave that company a market value of US$ 1 billion on its first day of trading. London’s Daily Post reported on August 25, 2005 that www.888.com, the world’s most-visited Internet casino, is planning an early September flotation at a Financial Times-predicted value of US$ 1.4 billion.
Revenues for Internet gambling sites have exploded in the 10 years since the first on-line casino was launched in 1995. Christiansen/Cummings Associates estimates that on-line gambling revenues more than doubled to US$651 million from 1997 to 1998. Frost and Sullivan attribute US$919.1 million in revenues for 1998. Bear, Stearns & Co. Inc. reports US$1.2 billion in revenues from an estimated 650 i-gambling sites in 1999. In 2000 revenues reached US$3 billion. By 2003, revenues from on-line gambling doubled to US$6 billion. Merrill Lynch predicts that this number will be US$50 billion by 2010 and US$177 billion by 2015
A study conducted across the UK by Uswitch.com Communications reported that four million people in the UK gamble on-line each month and that since 2003, the amount of money staked on-line has soared by 566%. There is significant interest from Asian markets.
777 Competitive Advantages
Market knowledge
Product updates
Multicultural connections
One-Stop Shop
Ease-of-Play
Mobile Play
Repeat play
Instant Pay
Industry Highlights
i-gaming IPOs are hot in 2005
Multi-billion dollar worldwide revenues
Accelerated growth forecast
Click Casinos vs Brick Casinos
Lower capital costs to set up and operate More costly to build and operate
Frequent repeat visits Higher turnover of customers
Anonymity feature attracts wider client-base
Share Structure
The authorized capital of the company is 100,000,000 common shares with 13,346,796 being issued and outstanding as of August 31, 2005. Of these shares issued, 12,060,637 shares are restricted under Rule 144.
Corporate Information
For more information on 777 Sports Entertainment Corp., please contact the Company at info@777betz.com or contact Investor Relations @ Tiger Capital, at 1.866.259.0125.
777 Sports Entertainment Corp. is a publicly traded company whose shares trade on the OTC Pink Sheets in the United States under the trading symbol: SVNP.
Poker has been hot for awhil with no signs of a let down.The internet can travel anywhere in the world.....a live casino is far less accessible.This one smells like a winner.
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