SeanieMac International Ltd Reports 20 Percent Increase in Amount Staked in January 2014 Versus December 2013
February 10 2014 - 9:00AM
Marketwired
SeanieMac International Ltd Reports 20 Percent Increase in Amount
Staked in January 2014 Versus December 2013
HUNTINGTON, NY--(Marketwired - Feb 10, 2014) - SeanieMac
International Ltd, (OTCQB: BETS), reports preliminary results for
amounts staked during the month ended January 31, 2014.
Amounts staked in January 2014 were approximately $986,013 (EUR
730,380) as compared to the amounts staked in December 2013 of
$822,000 (EUR 609,000), an increase of 20% percent month over
month. Amounts staked in January 2014 (the first month of quarter
ending March 31, 2014) were up 220% versus October 2013 (the first
month of the quarter ended December 31, 2013), which had amounts
staked of $447,155 (EUR 331,226).
We ended fiscal 2013 on an annual run rate for amounts staked of
over $10,168,560 (EUR 7,352,941) and we ended January 2014 on a
projected annual run rate for amounts staked of $11,832,156 (EUR
8,764,560).
Amounts staked is a non-GAAP financial measure that reflects the
gross amount of online sportsbook betting activities.
We have shown month over month growth in amounts staked in every
month since the launch of our gaming website Seaniemac.com in April
2013. Since our launch in April 2013 through January 2014, we have
registered over 8000 users, processed over 94,000 bets, had total
amounts staked of over $4.4 million (approximately EUR 3.3 million)
and generated over $309,617.10 (EUR 229,346) in net gross
profit
About SeanieMac SeanieMac International, Ltd. through its Irish
subsidiaries a gaming company that owns and operates
"www.SeanieMac.com", an online sports and casino wagering web-based
platform serving gamblers directly under the brand name
SeanieMac.com.
While the website offers wagering for categories outside of
sports, SeanieMac intends to capture the Irish market by initially
focusing on the Gaelic Athletics Association (GAA) or Gaelic Games
as well as Irish horse racing and soccer. The company`s mission is
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 company does not market to U.S. residents and, hereby,
specifically discourages them from attempting to access its
wagering services.
The Irish gambling industry generated approximately $18.7
billion in revenue in 2011, with 3.2 billion of that generated
online. The Irish online gambling sector is projected to reach $4.5
billion in 2015.
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.
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, 2012 and in its reports on Form 10-Q
and Form 8-K.
Investor Relations Chuck Arnold 386.409.0200 info@invrel.net At
the Company Barry Brookstein Chief Executive Officer (386)
409-0200