Platform: Android and IOS App
Type: App
Sales Format: Reserve Auction (reserve unknown)
Last Reported Revenue: (March 2017) $678
I’ve always been fascinated with casinos… gambling, etc. Not because I’m a big time gambler (though they often go hand in hand).. because I’m not. I’m a numbers guy and I don’t base my investment decisions based on chance… which is what separates a gambler from an investor. I was more interested in the business side of it. I was around gambling all my life… my grandparents and step father were heavily involved… But it was not until I went on a Casino Junket in 1998 that my interest really peaked. I responded to an ad in the paper about an all inclusive trip to Atlantic City for less than $200. This was traveling on a jet (direct flight) and included accommodations and transportation from the airport to the casino. I went with a friend, needless to say they lost money on us…. we were more into the buffets and walking the board walk. I immediately began to get to work when I got home researching why they were doing this and how they were making money. I won’t get into my findings right now… just wanted to give you a little bit of an introduction. I believe that if you have a passion for something you will be more likely to succeed in it. I have a passion of sorts for gambling…. I just have a different perspective than many.
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Net Present Value Analysis
Financials
Max Purchase: $6000 (includes IOS and Android app)
Risk Adj: (the chances of the investment going belly up as a percentage) 10%
Discount Rate: (cost of capital) 10%
Risk Adj Discount Rate: 20%
Cash Flows
Month 1
Revenue: $4488
Expenses: $68
Month 2
Revenue: $4488
Expenses: $68
Month 3
Revenue: $4488
Expenses: $68
Financial Summary
Keep in mind the internal rate of return (IRR) on an investment or project is the “annualized effective compounded return rate” or rate of return that makes the net present value of all cash flows (both positive and negative) from a particular investment equal to zero.
My Questions and Concerns:
Negative Reviews – one comment stated it appeared to be created just to sell… could be a competitor… who knows…
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