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. |
“There’s no stopping online gaming,” Ader said [before Adelson's death]. “(Las Vegas Sands’) initiatives to stop online gaming, at this stage, are largely historic. There hasn’t been a lot of spending recently to do that, especially post-pandemic.”
“I think the company will see the value created by DraftKings and FanDuel and Penn (National) Gaming and others. They’re not foolish,” Ader added. source
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You can access the cashier with a single click of a button and get to see your available balance at all times. Several useful buttons take you to the live chat facility, the promotions page, and your notifications. Slotastic gives its players a choice from several options. Customers who intend to play on Microsoft Windows-based desktop computers can download and install the casino’s software, which, unfortunately, is not compatible with any other operating systems. Mac users can load the lobby and the games straight in their desktop browsers. The casino works just fine in the browsers of smartphones and tablets running on Android and iOS. You can access it in any browser, be it Firefox, Opera, Chrome, Internet Explorer or Safari as long as it is up to date and your wireless connection is reliable enough. Slotastic has also released a dedicated application for Android. You can download it from the casino’s website for free. Slotastic BankingBanking is one of the aspects where Slotastic Casino definitely bears improvement. We would like to see more deposit and withdrawal options added in the future as befits an operator that supports play from most countries worldwide.For the time being, Slotastic customers can make deposits with commonly available payment solutions such as credit cards by Mastercard, American Express and Visa, e-wallets by Skrill, ecoPayz, and Neteller, the prepaid Paysafecard, Neosurf, and the cryptocurrencies Bitcoin and Litecoin. EasyEFT is also available but can be used by players from South Africa only. Another option is to call customer support on the number we have provided in the table above. The support agents will help you deposit over the phone. No additional costs are associated with the deposits. The minimum and maximum limits depend on the deposit method you use. You can top up your account with $25 to $500 with the credit cards or deposit anywhere between $5 and $2,000 with e-wallets like ecoPayz. Deposits with Paysafecard can range between $5 and $300 while those made with the Neosurf vouchers have limits of $10 and $250. Cryptocurrency depositors must comply with limits of $25 and $2,500. There are but a few options where withdrawals are concerned. Players can cash out the wins from their Slotastic accounts with Bitcoin, MoneyGram, ecoPayz, Skrill, Neteller, checks or wire transfers. The minimum limits on withdrawals are $25 for ecoPayz, $180 for courier checks, and $100 for the other supported solutions. The maximum is $2,500 per method ($3,000 for checks) and $10,000 per week. You have the option to reverse your withdrawals while the requests are still pending. We personally think this works to the disadvantage of some players. People sometimes get tempted to continue gambling until they give whatever they have won back, so manual flushing is always the more preferable option in our opinion. So what are the processing times for withdrawals from Slotastic? It all depends on what method you use. The quickest way to cash out would be to use the supported e-wallets or Bitcoin where withdrawals take place instantly after approval. Withdrawals with courier checks and wire transfers may take up to 10 business days. Unfortunately, there is no good news to report where transaction costs are concerned. If you are looking to avoid extra charges, you should withdraw with the cryptocurrency or the e-wallets. The fees associated with the other available withdrawal methods are eye-watering. You have to pay $30 extra per courier check and $60 extra per wire transfer. You might also end up paying additionally for currency conversion since Slotastic works with USD only. >> Get Exclusive Free Bonuses Here << Slotastic Mobile CasinoSlotastic provides mobile players with two options. There is a highly functional in-browser application that requires no additional software installation. This enables you to play without wasting any storage space on your smartphone. You simply have to type in the casino’s address in your browser or scan the QR code posted on the website. Android users can download a native app to install on their devices.We regret to say there is not much versatility for mobile players at Slotastic, though. The in-browser app is home to 100 or so mobile games, most of which are slots. There are around 15 video poker variations including Deuces Wild, RealTime Gaming’s trademark Loose Deuces, and Jacks or Better. The mobile casino is short of table games, but you still get to play European Roulette, Suit ‘Em Up Blackjack, Classic Blackjack, and Tri Card Poker. Some of the most popular RealTime Gaming jackpot games have also been optimized for play on the go. The biggest pots drop in the progressive Aztec’s Millions. You can add games to your list of favorites by tapping the star icons next to the thumbnails. Tapping the info button shows you all you need to know about the games you are interested in, from their volatility level to their themes and special features. Slotastic’s in-browser app compensates with a simplified, yet elegant and user-friendly design. The circular mobile lobby features oversized round buttons that take you to the different categories of games, the cashier, your favorites, the games you have last played, and the main menu, where you can view your bonus coupons, comp points, promotional messages, and the contact page. The support chat is accessible at all times via a large-size button that remains glued to the lower right corner of your touchscreen regardless of which page you open. Similarly to the desktop version, the mobile casino can be loaded in English only. Slotastic Casino GamesSlotastic is a relatively small online casino with a gaming library that comprises around 300 distinct games. Note that the full suite is available via the Windows-compatible download software only. Those who access the casino and play in their browsers are facing half the number of options, with a little over 150 titles. This limited choice makes sense considering the casino uses software by a single supplier only.There is the standard set of RealTime Gaming titles you can play. Slots make for the largest portion of the portfolio although video poker, keno, scratchcards, and tables games are also available. But enough beating around the bush – let’s examine the gaming library in more detail. SlotsThis casino is called Slotastic for a good reason. It features a solid collection of RealTime Gaming slots with versatile themes, ranging from ancient civilizations and mythology to magical creatures and Vegas lifestyle. Branded slots like Ritchie Valens La Bamba, The Big Bopper, and The Three Stooges are also included.Slotastic organizes its slot collection on the basis of reel number, features, and jackpot. The 6-reel titles are a must-try including games like Super 6 and Lucky 6. Some of the slots from RealTime Gaming’s Real Series have randomly triggered local jackpots that can drop on any spin regardless of the amount staked. Some of the most appealing slots from this category include Aladdin’s Wishes, Achilles, Ancient Gods, Cleopatra’s Gold, Fire Dragon, Naughty or Nice, and Ghost Ship. Hairway to Heaven, Naughty or Nice Spring Break, and Polar Explorer have the so-called “Feature Guarantee”. This ensures players will trigger a bonus feature within a designated number of spins. One example is the slot Aztec’s Treasure where the feature meter is set at 150 spins. Players who choose this slot can have the confidence they will trigger a bonus feature at least once every 150 rounds. The Win-Win feature some slots are equipped with is equally rewarding but in a different way. It gets activated at the end of a round of free spins if you have generated profits smaller than 8x your triggering bet. You need to play all paylines to benefit from the Win-Win feature, though. Some of the Win-Win slots include Loch Ness Loot, The Three Stooges, and Triple Twister. Slotastic caters to fans of classic slots with several 3-reel titles like Double Ya Luck, Sevens and Stripes, Scuba Fishing, Santastic, and Jumping Beans. Other slot titles that appealed to us include Cai Hong, Bubble Bubble and its sequel, Enchanted Garden II, Eternal Love, Gods of Nature, and I, Zombie. Table GamesSlotastic is home to a standard suite of table games that features around 18 variants of roulette, blackjack, and casino poker. Baccarat and craps are also available. Fans of the Devil’s wheel have a choice from American and European Roulette where the bets range between $1 and $50.Blackjack buffs enjoy a greater versatility, having a choice from the standard version of the game, Perfect Pairs, European Blackjack (this is a no-hole-card game), Face Up 21 (RealTime Gaming’s take on Double Exposure), Pontoon, Super 21, Suit ‘Em Up Blackjack, and Match Play 21. Several variations of casino poker are also available. You can play against the virtual dealers in a game of Vegas Three Card Rummy, Tri Card Poker, Pai Gow Poker, Caribbean Hold’em (which is pretty much the casino version of Texas Hold’em but with an exotic name), and Caribbean Stud. The baccarat and craps games can be found in the Specialties section. Progressive Jackpot GamesWe counted roughly 75 games with local progressive jackpots. This means the prizes are pooled from bets made on the Slotastic platform only. Respectively, you cannot expect gargantuan pots from these games – their prizes typically escalate to four-figure amounts only. Some of the most popular slots with local pots include Small Fortune, Jumping Beans, Rudolph’s Revenge, Samba Sunset, Secret Symbol, Penguin Power, Paydirt, Mermaid Queen, and Mister Money.You have a more limited choice if massive pots are what you are after. The casino features several slots linked to a wide-area progressive network, with prizes accumulating across all RealTime Gaming-powered websites. The pots in Aztec’s Millions and Megasaur are symbol-driven whereas the prize in Spirit of the Inca drops whenever it reaches its boiling point. The jackpot of Aztec’s Millions is way overdue since it has not dropped since 2009. The table games Caribbean Stud and Caribbean Hold’em are also linked to progressive networks. Video PokerFans of video poker are catered to with 14 distinct variations of their favorite game including Loose Deuces, Aces & Eights, All American Poker, Bonus Deuces Wild, Bonus Poker, Bonus Poker Deluxe, Deuces Wild, Double Bonus Poker, Double Jackpot Poker, Jacks or Better, Joker Poker, and Sevens Wild.Each of the above-listed games is available in the multiple-hand format, with players having a choice from 1, 3, 10, or 52 hands at a time. Just keep in mind each hand you play requires an individual bet. For example, if you are playing five credits of $0.50 per hand in the 52-hand variant of Jacks or Better, you are practically wagering $130 per round. >> Get Exclusive Free Bonuses Here << Slotastic Licensing and RegulationsSlotastic has not published any information in regard to licensing, ownership, and regulations on its official website, which only works to its detriment. In our opinion, it is common courtesy to inform one’s customers who they are gambling with and under what license. There are no details on who audits the games for fairness and what their theoretical return is. We hope to see higher levels of transparency from Slotastic in the future.After a little digging on the web, it was established Slotastic allegedly operates under the licensing and regulations of the British Virgin Islands. Customers’ funds and personal information are protected with SSL encryptions. Slotastic also embraces responsible gambling. Players can self-exclude, take a temporary break from gambling, or set limits on their deposits. The casino does not allow for real-money play from the UK and New Jersey. Slotastic Customer SupportSlotastic players who need help are facing several avenues of communication with the casino’s support staff. The easiest and quickest way to contact them is via the live chat. The chat facility is staffed at all times of day and night, which is certainly beneficial for the casino’s vast multi-national player base.The downside is that when all human agents are busy servicing other customers, you may end up chatting with the “friendly” Chat Bot. The latter is pretty much useless since it provides you with a link to the FAQ section most of the times. You are automatically connected with a real human being as soon as an agent is available, though. The support staff makes an overall good impression with their professionalism and friendliness. You can also drop Slotastic’s support a few lines via email at [email protected]. Support is provided over the telephone as well. The number you need to dial is +1 866 890 6738. ConclusionSlotastic has both its downsides and advantages. The biggest positive here is that the casino welcomes play from a huge number of jurisdictions including the United States. Another benefit is that the website is jam-packed with bonuses and promotional incentives. If you are looking for generous offers, this is the place to drop by. We also liked the website’s design. All categories are easy to spot and the games load quickly both on desktop and mobile.The biggest con here is the absence of regulatory information. As we said earlier, we hope to see this fixed in the future in the interest of transparency. It would have been great if the casino supported more payment options as well. The gaming library itself is definitely not the most diverse one, with only 150 games in the casino’s flash version. Despite its downsides, Slotastic will appeal to RealTime Gaming fans from the US who insist on fast withdrawals and lots of bonuses. >> Get Exclusive Free Bonuses Here << |
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