Wednesday, February 27, 2013 11:43:42 PM
Pokerstars did 1.4mm in revenue in 2010 and 500mm in PROFIT alone.
Legalized online gambling will ultimately be a 40-60B $ market. If 1.4 can do 500mm in profit and if Zynga can challenge for just 15% of the online market--which is more than a reasonable number--you'd be looking at a company with yearly profits of 2-5B based on the poker-stars model. This is US only using the same revenues sources according to intelligence firm H2 Gambling Capital
And again lets consider the model quite flawed. Online gambling will have ease of access. Like Pincus said about have a game counsel in ever hand--so people will have a virtual casino in the hand as well. Impossible to say what type of revenue this will ultimately bring but the magnitude will be awesome.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM