Six Atlantic City casinos have recently been granted licences to
operate online gambling websites.
As the U.S. government becomes addicted to recession-proof tax
revenues, gaming companies Bally Technologies, Amaya Gaming Group
and International Game Technology have grown to a combined market
cap of $4 billion.
A new player in the massive online gambling scene, Las Vegas
From Home.com Entertainment Inc. ("LVFH") (TSX-V:LVH) (OTC:LVFHF)
has developed a revolutionary HTML5-based mobile gaming platform,
which allows games to be played on any type of mobile device.
"Gambling, like many other things, is going mobile," states LVFH
President and CEO Jake Kalpakian in an exclusive interview with
Financial Press, "HTML5 is a magic bullet allowing existing
companies to transition into that space."
In a recent Financial Post article, Steven Palmer, Fund Manager
of AlphaNorth Asset Management, issued a BUY recommendation for
LVFH.
"This company has a web and mobile gaming platform and has plans
to start a real money gaming system in Mexico and several casinos
in Latin America," stated Palmer, "which would significantly
increase profitability."
Palmer expects LVFH to generate good cash flow. The Financial
Post article states that, "there is also potential for the company
to announce licensing agreements, which would pay out a decent
royalty."
AlphaNorth Partners Fund buys Canadian companies with market
caps typically less $100-million. A $100,000 investment in the fund
in 2008 would be worth over $300,000 today.
LVFH will be offering its gaming platform to Latin American
subscribers through Mondia Media a B2B digital entertainment
company that operates in 100 countries and enables $500 million in
revenues for their clients.
This partnership will give LVFH access to 70% of mobile phones
in Mexico. It is possible that LVFH games will come pre-installed
on the App Store on new Latin American cellphones.
"We are very impressed with the quality of LVFH's HTML5-based
mobile games," states Adrian Janon, Mondia's general director, "and
we strongly believe the cross-platform feature and rich gameplay
experience will generate a lot of interest with our customers."
"Currently gaming companies are forced to re-engineer their
software for each separate device," states Kalpakian, "But HTML5
works on Android, iOS, Blackberry and any other type of mobile
device. The opportunities are rich."
"The HTML5-based gaming platform is receiving strong interest
from global industry operators. It empowers their customers to play
poker and casino games on all mobile devices, such as iPhone, iPad,
Android-based smartphones and tablets – without downloading."
"We have found exciting opportunities in Mexico, which has a
growing online gambling culture," states Kalpakian, "Mexico is an
excellent jurisdiction to build a business based on the
fundamentals of good software, good customer service and good
marketing."
In Mexico the gambling market is already worth about $4.6
billion (Research and Markets). The industry is growing at a
rate of 14% per year (double the global average).
LVFH has also launched its Bingocrush.com website in Mexico,
expanding game offerings and payment options. It intends to fully
launch the website in Q2, 2014 with an established player database
of approximately 38,000 Mexican accounts.
Along with the popular 90-ball Bingo game, Bingocrush.com offers
prizes and a selection of high quality casino games.
LVFH is also in negotiations for additional real money software
licensing agreements with a number of hotel chains.
"Timing is everything," states Kalpakian, "Online gambling is
now recognized as a reliable source of tax revenue. Casinos
are also looking for software that will allow them to transition
quickly into the mobile market."
"The future is mobile," confirms Kalpakian, "Software platforms
will be required to speak universally to all devices. That is
the focus of HTML5. There are many companies looking to do
this and our advantage is that we are ready to go now."
LVFH has also struck a deal to provide HTML5 technology with
PokerTek a leading supplier of electronic table games to cruise
ships and land-based casinos worldwide.
PokerTek has a 5-year contract (until 2017) with Carnival
Corporation, the world's largest cruise operator with a portfolio
of cruise brands including Holland America, Princess Cruises and
Costa Cruises. Together these brands operate 100 ships totaling
203,000 lower berths.
HTML5 technology would allow cruise ship passengers to play
directly on their mobile web browsers, anywhere on a ship.
Operating on a new gambling frontier can be incredibly
profitable as demonstrated by - 500.com, which provides online
sports lottery services in China. Its share price has
increased 66% in the last 5 months, and the market cap stands at
$1.1 billion.
Las Vegas From Home is currently trading at .10 with a market
cap of $11.61 million.
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CONTACT: Las Vegas From Home.com Entertainment Inc.
Suite 300, 570 Granville St.
Vancouver, British Columbia
Canada V6C 3P1
Tel: + 1 (604) 681-0204
Fax: + 1 (604) 681-9428
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