It just goes to show sportsbetting is too costly in Vegas too make money and market not big enough for like 10 companies
baseballstud
SBR Wise Guy
10-31-08
980
#2
Got a link?
Comment
Optional
Administrator
06-10-10
61469
#3
Properly regulated sportsbooks can be tough to run profitably.
.
Comment
T4TRUTH
SBR Sharp
06-25-12
289
#4
Just like all sports books , it takes a huge initial investment, then the promotions and giveaways to compete. they will make money eventually but no investor wants to wait 6 to 10 years it would appear.
Comment
MAtoCO
SBR Rookie
06-06-11
2
#5
Do you have a link or any sort of proof to back-up this claim?
I know they filed for an IPO in 2012 but then withdrew that offering later that year.
Obviously the Mike Colbert situation and other lawsuits have really hurt the company's prospects of going public.
It is amazing that CEO Lee Amaitis was able to keep his job and gaming license after that scandal. Seems like there has been a decent amount of turn-over at the senior executive level over the past few years.
Originally posted by jjgold
they only got one real low bid
It just goes to show sportsbetting is too costly in Vegas too make money and market not big enough for like 10 companies
Comment
bookie
SBR MVP
08-10-05
2112
#6
This is just jj misinterpreting something he read somewhere and thinking he had a scoop on his hands.
Search the world's information, including webpages, images, videos and more. Google has many special features to help you find exactly what you're looking for.