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Seanimac announces record revenues and scores big with merger
Source: InvestorsHub NewsWire
Seanimac announces record revenues and scores big with merger.
SeanieMac Holdings UK merges ApolloBet UK and SeanieMac Ireland
While generating $600,000 in gross revenue last week.
Huntington, NY -- March 23, 2016 -- InvestorsHub NewsWire
SeanieMac Holdings UK (OTC:BETS) officially announced today that it had finalized the acquisition of the business assets of SeanieMac Ireland and ApolloBet UK and consolidated all of the clients (60,000 plus clients of ApolloBet UK and 50,000 SeanieMac Ireland) under one trading platform. Clients of SeanieMac Ireland have been notified of the consolidation which will take place in the next few days depending on regulatory and technical requirements.
Once the clients are trading under a single platform, the Company will be providing financial updates on the consolidated trading and financial projections for 2016.
The Cheltenham Horse Race last week provided a lot of excitement and a very lucrative week with record revenue of over $600,000 USD for the week as a prelude to a great year ahead. The turnover revenue generated by Apollo Bet UK alone, makes the pending combination even more impressive.
Shane ODriscoll, "The substantial redundant costs in running both companies are now eliminated by the consolidation. This strategically calculated decision is expected to accelerate our growth projections in the medium to long-term. Last year the global online gambling market was worth roughly $41.4 billion with the European online gambling market being the largest in the world. We are now positioned to be one of the bigger players. We will provide detailed and multiple updates in the next few weeks on our accomplishments and plans for the year.
Internet gambling is expected to generate revenue exceeding 56 billion dollars in 2018, doubling that of 2009. The company is positioning itself to take full advantage of this growth industry through this merger, one of many planned endeavors this year.
Safe Harbor Statement
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Seaniemac International, Ltd. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our expectations regarding amounts staked and gross profits and our marketing initiatives. Such risks and uncertainties include, among other things, the uncertainty regarding consumer preferences, a decline in the popularity of our website and competition in the online gambling industry. Seaniemac assumes no obligation and does not intend to update these forward-looking statements.
A further description of risks and uncertainties can be found in Seaniemac International, Ltd.s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and in its reports on Form 10-Q and Form 8-K.
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