HUNTINGTON, New York -- (PRESS RELEASE) -- SeanieMac International Ltd (OTCQB: BETS) reports preliminary results for the 4th quarter ending December 31st, 2013.
4th quarter amounts staked were approximately $1,991,759 (EUR1464,529) as compared to the 3rd quarter amounts staked $1,155,291.80 (EUR888,686), an increase of 72% percent from the previous quarter. Gross profit grew to $162,577 (EUR119,542) in the 4th quarter as compared to $83,021 (EUR63,863) in the 3rd quarter, an increase of 95 percent from the previous quarter.
Total amount staked in December was approximately $847,380 (EUR623,000). SeanieMac ended the year on an annual run rate of over $10,168,560 (EUR7,352,941).
(Amounts staked is a non-GAAP financial measure that reflects the gross amount of online sportsbook betting activities.)
Sean McEniff, CEO, stated: "As a year end update for 2013 I think it is important to address some of our publicly disclosed achievements:
"SeanieMac has shown month over month growth in total bets for every month since the initial launch of our gaming website 'Seaniemac.com' in April 2013. Since our launch in April 2013 we have registered over 6800 users, processed over 71,000 bets, had a total turnover of over $3.4 million dollars (EUR2,507,893) and generated over $251,000 (EUR185,000) in gross profit.
"In the 4th quarter we established marketing partnerships with several affiliate sites including but not limited to 'irishracing.com,' 'attheraces.com,' 'oddschecker.com' and the 'Irish Daily Mirror' (Ireland's leading tabloid newspaper). SeanieMac plans to add many more partners in 2014 and expects these affiliates to have a major impact on our financial volume turnover in 2014.
"SeanieMac is very pleased with this strong start to our business operations, but we remain focused and aware that we have a lot of work to do to grow our business in the months and years ahead. Our goal is to be substantially larger in the number of users as well as revenue at the end of 2014 than we are today. We will continue to evaluate all of our marketing initiatives in television, print, radio, PPC and digital media to determine the best allocations for returns on our marketing dollars. We are also formulating the next evolution in our online platform and product offering. We expect additional announcements on these developments in early 2014."
SeanieMac Limited is an Irish gaming company.
While the site offers wagering for many categories outside of sports, SeanieMac intends to capture the Irish market by initially focusing on the Gaelic Athletics Association (GAA) or Gaelic Games as well as Irish horse racing and soccer. The company`s mission is to provide a market-leading, user-friendly website for online gambling, including sports betting and casino gaming (traditional casino, live casino, poker, bingo and interactive skilled games). The Company does not market to U.S. residents and, hereby, specifically discourages them from attempting to access its wagering services.
The Irish online gambling sector is projected to reach $6.5 billion in 2015.
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