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SportPesa IPO
watesh
#51 Posted : Friday, August 30, 2019 10:09:04 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...

No wonder betting firms dominated over 30% of the advertising spend in the past year.
mulla
#52 Posted : Friday, August 30, 2019 11:40:58 AM
Rank: Member

Joined: 6/15/2013
Posts: 301
watesh wrote:
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...

No wonder betting firms dominated over 30% of the advertising spend in the past year.


and no wonder foreigners are rushing to get a slice of the market....idleness and poverty is slowly devouring our youth....
VituVingiSana
#53 Posted : Friday, August 30, 2019 3:47:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...
Do you own a gambling/betting firm?

Yes I do... https://www.betzilla.co
I will check it out but I am not gullible enough to be your customer Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#54 Posted : Sunday, September 01, 2019 9:14:04 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yesterday no pay outs...Dortmund...Man United...Chelsea...Barcelona killed gamblers...Sportpesa must be laughing all the way to the bank...
the deal
#55 Posted : Friday, October 11, 2019 2:44:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Took a hit on Tennis this week...margins have dropped to 50%....players are not withdrawing....so let's wait and see...I belive they will lose everything by Monday..still very lucrative business....
VituVingiSana
#56 Posted : Friday, October 11, 2019 5:43:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
the deal wrote:
Took a hit on Tennis this week...margins have dropped to 50%....players are not withdrawing....so let's wait and see...I belive they will lose everything by Monday..still very lucrative business....

The adage "A fool and his money are soon parted" is apt for most of your customers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
jmbada
#57 Posted : Sunday, October 13, 2019 3:16:05 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
the deal wrote:
Yesterday no pay outs...Dortmund...Man United...Chelsea...Barcelona killed gamblers...Sportpesa must be laughing all the way to the bank...

Were they even operational then??hmmm
the deal
#58 Posted : Thursday, October 24, 2019 5:24:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause
watesh
#59 Posted : Thursday, October 24, 2019 6:56:38 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
the deal wrote:
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause

NIIIIICEEE
guru me
#60 Posted : Thursday, October 24, 2019 8:46:01 PM
Rank: New-farer

Joined: 6/27/2011
Posts: 63
the deal wrote:
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause


@the deal - interesting. I may have a mutually beneficial opportunity worth exploring. Please drop me a line on gurumedeals@gmail.com if interested in exploring or let me know how best we can chat offline.
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