Gaming Website Investment Opportunity in Dublin, Ireland

- Dublin based online gambling startup with a unique offering seeks startup capital.

- Betting is traditionally based on the outcome of events such as football, boxing, elections, etc, that actually occur in the real world.

- The company has developed a unique form of a betting game (combining online polling and gambling) under which users will bet on the outcome of fictional events i. e. events that have never and will never take place. The results of those fictional events will be determined by online polling.

- The platform will use a unique form of Parimutuel betting, also known as pool betting (e. g. Tote betting)

- Instead of placing wagers against a bookmaker, the users will be placing wagers against other bettors who have placed wagers on the same event. All wagers go into a pool, and the pool is shared equally between those who make the winning selection.

- A small percentage of all total wagers is deducted as a fee by the ‘House’. This is known as the ‘Vigorish’ or ‘VIG’, and as with Tote or any successful gambling operator, the house doesn’t lose.

- Promoters are very experienced in the area and are successful serial entrepreneurs.

- EBITDA of €1.5m is targeted within 24 months of commencing operations.

- Revenue model: Percentage of payout retained by the company as a house VIG.

- The business has been very active in its pre-funding activities and these have been funded entirely by the promoters, and these activities include:

* Developing a prototype of the operating platform.

* Engaging with regulators in various jurisdictions with regard to suitable operating licenses.

* Developing a suitable corporate structure to ensure the business has a tax-efficient strategy.

* Developing an exit strategy for the founders and an investor.

* Agreeing on the detailed technical and software specifications of the required tech build.

* Market research.

- The business will be ready to launch in 4 months from investment.

Online gambling website that combines online polling and gambling to create a unique offering new online gambling game.

None at present. So we are looking to raise startup-capital to allow the business to commence within 4 months.

None at present.