777 Sports Entertainment Corp. Ticker: SVNP.PK Current Price: 1.19
Current OS: 13,346,796 issued and outstanding. Of these shares issued, 12,060,637 shares are restricted under Rule 144.
Corporate profile 777 Sports Entertainment Corp. (OTC Pink Sheets: SVNP) is a Nevada-based company that has acquired a 49% interest, with an agreement to own up to 60%, in the United Kingdom company 777 Sports Entertainment Limited. 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 its i-gaming services as www.777betz.com with all day-to-day operations provided through E-Network de Costa Rica S.A.
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.
Achievements Even while www.777betz.com was implementing many of the new features for the Site to become operational, they enjoyed gross handling figures in excess of US $2 million dollars for the month of July 05’. In August 2005, the sites first full month of operations, www.777betz.com handled in excess of US $7 million dollars, representing a 300% increase over July volumes. Another benchmark, new Member registrations in August were more than twice the business plan projections.
Mobile Play In October 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, as previously announced. 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. This will provide SVNP other distribution channels to generate possible revenue.
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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