SeanieMac announced today that it had signed an joint venture to issue a branded debit card under a major international credit card brand. We will be updating shareholders as we get closer to issuing debit cards and sign additional agreements on the Joint Venture.
The agreement targets the development of BitCoin debit card that would allow the user to convert their Bitcoin in real time to multiple fiat currencies. Currently the debit card allows users to convert into fiat currencies at the end of the day pricing but the JV provides capital for the development of real time conversions.
Shane O’ Driscoll CEO, “While there is obvious benefits to marketing the debit card to Bitcoin holders as part of JV agreement with Overseas BC Marketing, Inc. the fact is the market for a real time debit card is much larger than just gaming. We believe the ability for Bitcoin users to keep their bitcoins deposited with a internationally trusted credit card brand and have the ability to convert it and use it internationally wherever debit cards are accepted in multiple fiat currencies will be attractive to many of those users. The market for debit card users could become a very large business for us in its own right independent of our gaming platform. We are extremely excited about this opportunity. As of today there were 13,922,025 bitcoins in circulation with a market capitalization of $3.9 billion dollars.”
With a database of over 3,000,000 bitcoin users, we and our JV partners (well-established in the bitcoin marketplace) are confident our venture can significantly attract a great number of new users and revenue like never before . New and existing SeanieMac customers will be offered free bet and other promotions as a sign up bonus as well. Currently doing $14 million in turnover on 20,000 registrations to date, new affiliates signing on at a unanticipated rate and this new JV venture we are looking forward to increasing shareholder value in the very near term.
SeanieMac International, Ltd. an Irish gaming company, owns and operates www.SeanieMac.com, an online sports and casino wagering platform.
Besides offering casino wagering, SeanieMac is prepared to capture the Irish Sports market focusing on the Gaelic Athletics Association (GAA) or Gaelic Games as well as Irish horse racing and soccer. The Company continues to provide a market-leading, user-friendly website for online gambling, including sports betting and casino gaming (traditional casino, live casino, poker, bingo and interactive skilled games).
The Irish gambling industry generated approximately $23.7 billion in revenue in 2014, with $2.3 billion of that amount generated online. The Irish online gambling sector is projected to reach $4 billion in 2016.
As its national pastime, the Gaelic Games have long been popular in Ireland but they are gaining worldwide appeal, especially in areas with large communities of Irish heritage and their descendants, such as the U.S., Canada, Australia and the United Kingdom, where many communities have their own teams and clubs participating in the Gaelic Leagues locally and internationally. To learn more about the GAA, see www.gaa.ie.
