SeanieMac International Ltd (OTCMKTS:BETS) could be in for a stellar year on the earnings front after an impressive May quarter taking into consideration the efforts already put in place to grow the current revenue base. During the May quarter the online gambling company booked revenues of $1.2 million thanks to robust growth in sportsbook and casino revenues.
Growing Revenue Base
The current revenue base could in the coming weeks receive a major boost with the launch of a new platform that is already eliciting strong interest from gamers. Barely a month into its launch, the new seanimac.com platform has attracted over 1000 new registrations and still growing. Investors have also taken note take note of the kind of impact the new platform could have on the company’s overall earnings given the new opportunities that are already cropping up.
The stock rallying by more than 30% all but highlights the amount of room still ahead as SeanieMac continues to monetize its offerings. Ramping up support for the new platform is the company’s chief executive officer who believes that by working on a new marketing strategy the new site could unlock new opportunities for growth
Growing the company’s revenue base is the management team main objective having already initiated plans to grow the current VIP customer base. Once fully realized SeanieMac expects this new market segment to significantly bolster the current revenue base that is already growing at an impressive rate.
Caesar Entertainment Unending Woes
Even as SeanieMac International Ltd (OTCMKTS:BETS) continues to achieve new milestones, the same cannot be said about Caesars Entertainment corp, which continues to hit new lows I the market. The stock has come under immense selling pressure in the recent past, its estimates having taken a hit from the on goings at bankruptcy stricken subsidiary Caesars Entertainment Operating Company (CEOC)
Under a proposed restructuring agreement, Caesars Entertainment Corp (NASDAQ:CZR) shareholders will walk away with 6% of the newly acquired subsidiary as bondholders walk away with 70% with the remaining 24% going to Caesars Acquisition Company shareholders.