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 | Alright Degenerates- I posted a small little snippet a day or so ago about BFT. I wanted to do a bit of DD on BFT but also wanted to highlight something that was brought to my attention by a degenerate gambler. Lastly, I wanted to compile some good little snippets that have been put together by some other members as well as from the investor presentation. submitted by dhsmatt2 to wallstreetbets [link] [comments] Before reading further please understand the major Risks.
MY POSITIONS - Mostly PRPL, PSTH and BFT/BFT.Whttps://preview.redd.it/ygrfo9vp0b461.jpg?width=1065&format=pjpg&auto=webp&s=ccd5cd4846d0cdcd6f1ed0e7a37548399a5cf461 https://preview.redd.it/fd3o99vp0b461.jpg?width=1072&format=pjpg&auto=webp&s=96faf02b077fc060c6025bbf7976b54edc6db493 The Customers and MOAT
https://preview.redd.it/cno03rvr0b461.jpg?width=285&format=pjpg&auto=webp&s=4281b8e0db4783b7b4b6cce74f62f0694bdbb008
PayPal has many restrictions in Europe regarding iGaming , so does Square. This is a big play on iGaming for those that aren’t aware. I was a mid- high stakes online poker player through the 2010-2018. Played a variety of sites. : iPoker; PokerStars, Paddy, MicroGaming, 888, Party. Why so many sites? Because I was always on lookout for where the action was, if a big whale sat down at one online casino; you bet your sweet ass I’m there. So let me give you my take as a consumer that’s probably spent over $100,000 in transaction fees personally on Paysafe. This was one of the cheapest and fastest ways to move money around online. Unlike Stripe this which is against risky business such as CBD and gambling, paysafe is actually one of the leading payment providers in both UK/AUS / Ireland for iGaming. Big example is William Hill, Bet365, Bwin. Now why would you want to move money online around as a gambler ? Well, Visa/MC charge close to 50%->75% more, online casinos = the merchant. They don’t wanna pay that, and in fact put limits on this type of payment processor. (Your visa’s credit cards etc). If a punter deposits / withdraws frequently, the online casino could literally be on the hook for like 20-30% of the turnover throughout the gambler’s period. (This assumes the gambler doesn’t lose all his money per deposit. Imagine you’re a professional sportsbettor, you’re not loyal to one site. Different spreads / odds are offered on every site, you want to be able to move your money from one to another quickly and cheaply. Arbitrage opportunities do exist in sports betting as bookmakers hedge their books to minimize risk, diff frequencies of bets occur on each sports book; you get the idea. For recreational punters, it’s simple: some sporting events that are smaller simply don’t exist on one site that exist on another. Eg. Perhaps you using Pinnacle / 10dimes for low spreads on high volume events, but perhaps you want to gamble on live events on bet365 on another day, and bet ponies on Hill. What if you only have $5000 ? Giant pain in ass to deposit money to each site, paysafe lets you move it around easily. Should you use visa, you may get blocked from depositing on various sites; Bodog, WHill, Bet365 just to name a few. Withdrawals and clearing deposits with bank transfers or checks takes days-> weeks and gamblers ain’t gonna wait for that shit. You can also buy prepaid paysafe cards from stores if you don’t wish to use your real credit card; and load that shit up. One of the biggest markets this is prominent in is South east Asia, they are some of the biggest punters and fucking loving gambling. Looking at you pinoys, Indonesians, Malays. Not everyone wants to fly to Macau to get their rocks off. As much as this is a play on FinTech, please understand this company has more or less the best Payment service on online gambling globally. ----------------------------------------------------------------------------------------------------------------------------------------------------- The Comparable VALUATIONSFrom this chart you can see that there looks to be some favorable multiples that could improve once a deal closes. Also, I'm very bullish on the great Margins as well as the conservative growth. I think Foley along with the growing Igaming undervalues the potential of this company. Just the Draft Kings relationship make me tingle. CHART is COURTESY of u/CoachCedricZebaze https://preview.redd.it/aozxwuft0b461.jpg?width=722&format=pjpg&auto=webp&s=e40cbc4538ff3bef87a31050dca316ecae996a9b Management and Growth
https://preview.redd.it/dp6oe2ew0b461.jpg?width=386&format=pjpg&auto=webp&s=5e6f137c95fec971568dfa5bc07d0290997c753d https://preview.redd.it/mhl9b7ew0b461.jpg?width=326&format=pjpg&auto=webp&s=f57ec2eb7c7c318323373af10c8bb12b03e9082e
This is an end to end payment processor with big big big name relationships for very disruptive companies that have huge addressable markets. The reason I am excited is because IGAMING is just really starting to take off and Paysafe is a first mover with brand new experienced management and very very fair valuations that could pop after a merger. TL;DR- BUY BFT stock and BFT.W because BFT stands for big freaking tenderloins. |
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As a consequence there may be other options that aren't disclosed to you. Within the FAQ on the site you’ll learn that withdrawals take 48 hours to be processed and that options include credit card, cheque, Neteller, wire transfer and PayPal.Bonuses in Development?There doesn't appear to be an awful lot available at Island Jackpots in terms of bonuses. This may simply be due to the fact that the site is a new addition to the scene and has yet to devise proper promotions. As it stands, there is only a welcome bonus available. Deposit £10 and you will be given a 100% match plus 10 free spins. This sum is subject to a 35 times wagering requirement before it can be withdrawn. As bonus offers go, this is an extremely poor one and one seems unlikely to entice players to sign up.If you're going to play at this site regardless then you might as well claim the £10 bonus plus 10 free spins but it's hardly something you're going to go out of your way to collect. 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Some of these games look extremely entertaining, despite the fact that these are the same slots as you'll find at most other Cassava Enterprises sites.Still, if you had to play exclusively at Island Jackpots, it would take you some time before you worked your way through all of the games that are available on this site. There is no disputing that there are some great games in the mix with themes ranging from historical legends to vampires and from classic slots to Oriental culture. On the homepage you will find an Island Recommendation section that is filled with games which the operators of the site deem to be particularly noteworthy. There is also a second section devoted solely to jackpot games where you will find the likes of Mega Fortune, Fluffy Favourites and Millionaire Genie. Again, you’ll encounter the same games that will crop up at loads of Cassava Enterprises sites. These might be generic slots but there is still every reason to give them a go given that there are some major sums of money to be won from these games should you be fortunate enough to land the jackpot prize. Island Jackpots ConclusionAs Cassava Enterprises sites go, Island Jackpots is a well designed and inviting site, with some great games one which is easy to browse. There are plenty of reasons why you might want to sign up here, not least on account of the slots. Although NetEnt slots tend to be available at a great many casinos, this doesn't take away from the fact that this developer are responsible for creating some of the best looking games currently available on the web. From Guns N Roses to Pixies of the Forest, NetEnt games look great and are a pleasure to play. Nice as this is, there are loads of sites where you can do such a thing and in that respect Island Jackpots offers nothing new. The most disappointing thing about this site though is the fact that there is only £10 in bonus cash to be claimed for signing up plus 10 free spins.Given that this offer is displayed on the homepage alongside talk of jackpots worth almost £2 million, it seems kind of miserly to be offering just £10 by way of a welcome bonus. However there are plenty of things about Island Jackpots that are positive including a fine range of deposit options and capable customer support. It’d be nice if there were more games by other developers and it'd be nice if there was the option of browsing the full range of games without being logged into the site, but this aside Island jackpots acquits itself well. >> Collect Free Spins Bonuses Here << |
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