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AskGamblers changes hands for €15M

Discussion in 'Casino Industry Discussion' started by maxd, Apr 4, 2016.

    Apr 4, 2016
  1. maxd

    maxd Complaints (PAB) Manager Staff Member

    Occupation:
    The PAB Guy
    Location:
    Saltirelandia
    As readers will know we had reported that Catena -- aka "guys with deep pockets" -- had been shopping for sites at ICE earlier this year (see ICE-LAC 2016 Commentary, paragraph begins "Lesson #1 ...").

    (Thanks to a little birdy at ThePogg for letting me know the news. :) :thumbsup: )
     
    Last edited: Apr 4, 2016
    12 people like this.
  2. Apr 4, 2016
  3. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    Seems a lot of money :eek2:

    Wouldn't recommend AskGamblers to friends or family because so many of their 'UK players welcome' casinos are not licenced and if you are silly enough to deposit you will be faced with error messages such as 'You are connecting from a country which we are not accepting wagers' or 'Country restricted' By then it's too late!

    Compared to CasinoMeister where you can actually see genuine player experiences and the rogue reports - I know which one benefits the player more rather than their own pockets!
     
    10 people like this.
  4. Apr 4, 2016
  5. Webzcas

    Webzcas Winter is Coming!

    Occupation:
    Webmaster
    Location:
    Block S25, South Stand, Ashton Gate, BS3
    Wow! 15Million :eek2:

    I remember when Igor started out! Congrats!

    But investing 15 Million on a site, even an established one such as AskGamblers, with the organic traffic it has, is risky in my view. Good luck to them though.
     
  6. Apr 4, 2016
  7. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    Blimey!!! :eek2:
    If AG is worth €15m... how much is the CM site worth??? :what:

    On that basis, I guess that makes my site worth about £7.50... :p

    KK
     
    10 people like this.
  8. Apr 4, 2016
  9. incrediblestuff

    incrediblestuff SearchingForTheHolyGrail! CAG webmeister

    Occupation:
    Currently: Self employed, Previously: Manager
    Location:
    Mostly the Netherlands
    I''ll buy it for twice that mate! Only to do you a favor of course ;p
    On that measuring scale, i guess i'd have to pay someone 200,- to take my site :lolup:
     
    1 person likes this.
  10. Apr 4, 2016
  11. nutnut

    nutnut Meister Member

    Occupation:
    IP consultant
    Location:
    england
    15m for that site wtf :confused::confused::eek::eek: world gone crazy
     
  12. Apr 4, 2016
  13. Webzcas

    Webzcas Winter is Coming!

    Occupation:
    Webmaster
    Location:
    Block S25, South Stand, Ashton Gate, BS3
    All about the traffic and value of the affiliate accounts. But risky putting that much into one affiliate site I agree, as google could sneeze and it's rankings could dive south.
     
    1 person likes this.
  14. Apr 4, 2016
  15. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I'm sure it was worth the prize, and they are established enough so that won't be a problem. It's great that the staff will be able to stay but I wonder what changes will be made.

    I do not like that Catena company already. I think I need to find out what more they are doing. I suspect it's one of those companies who are doing retaining works for casinos.

    Others are buying up casinos but who controls the market more than these big affiliate sites.

    I'm happy Bryan/CM isn't for sale;)
     
  16. Apr 4, 2016
  17. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    Yes, at ICE they offered me 2 bottles of lager and a packet of salt and vinegar but after an hour of hard thought I declined politely and struggled on with my site, at which point they added a square of chocolate Rice Krispies cake. Tempted, but the free cans of 'Energoonz' energy drink Petter from Play N Go gave me earlier had bolstered my illusion of wealth so legged it back to the DLR for a train back and never gave them an answer.
     
    7 people like this.
  18. Apr 4, 2016
  19. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    We don't know the math. With 15m Euros you would struggle to yield 6% per annum in income, and that would be with risky venture capital or buying and renting property.

    We could surmise the 250000 players, even if they each only yield 10 quid a year, is a 16% annual return before costs.

    With that volume they'll also be on the higher 40-50% affiliate payment top of the ladder, and won't be concerned by sites like Hills and Sky with minimum FTD new player requirements.

    Then we have a hidden strategy - maybe by aggressive acquisitions they could be aiming for a monopoly and thus the ability to use their size to negotiate greater rakes.

    Who knows?

    People with 15m to invest don't usually piss about.
     
    1 person likes this.
  20. Apr 4, 2016
  21. hedgehok

    hedgehok Meister Member mm3

    Occupation:
    self-employed
    Location:
    Germany
    Totally valid to pay €15m for these kinds of revenues. €810,000 in sales for Q1/16 with a profit margin of 80% is incredible. Additionally it's still growing dynamically so on stock markets these kinds of companies are traded with a P/E ratio of 20+ depending on how dynamic the growth of the market is. The P/E ratio of AG is around 6. Even €30m would be a valid prize IMHO.
     
    4 people like this.
  22. Apr 5, 2016
  23. Matti

    Matti Senior Member MM

    Occupation:
    Business Development Tech
    Location:
    Sweden
    Well Catena has a market cap of €250 000 000 and a lot of money in the bank since they made their IPO in Janyary this year. I guess they have to spend that money on something.
     
  24. Apr 5, 2016
  25. trickster

    trickster Dormant account

    Occupation:
    Researcher
    Location:
    Moscow, Russia
    That's a whole lot of money and deserving, you may say:) just curious how how much will this site be worth?
     
  26. Apr 5, 2016
  27. Nate

    Nate Ueber Meister CAG webmeister

    Occupation:
    Monster
    Location:
    Cyberspace
    The membership here cannot be BOUGHT - Thus I would estimate it to be... Priceless :)

    Nate
     
    1 person likes this.

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