SeanieMac International Ltd (OTCMKTS:BETS) announced addition of ten affiliates in the current year. The total number of affiliates now stands at 142. It is in addition to the affiliate deal entered with Overseas BC Marketing Inc under which the two companies will target Bitcoin gamers worldwide. It is not applicable to restricted countries including the US. As part of the assessment plan of multiple platforms, the company aims to focus on the Netrefer platform in order to drive affiliate business.
The management view
Garreth Core, the COO of SeanieMac International Ltd (OTCMKTS:BETS), said that the company witnessed massive success with the Net refer platform. More than 140 affiliates have registered to partner with the company. It indicates success of affiliate marketing in segment of online gaming. The Netrefer platform is doing well in managing complete affiliate network. Since inception, the affiliates have given SeanieMac with more than 5000 customers who have wagered more than $3.3 million and resulted in a gross profit of around $200,000. Seanie Mac said that in the first two months of FY2015, affiliates added almost 300 new clients Netrefer platform.
Reduction of authorized shares
In other news, SeanieMac informed that in order to increase shareholder value, the company will seek shareholder nod to reduce its authorized shares count. Shane O’Driscoll, the CEO said that with credit facility and the recent conversions of debt, SeanieMac intended to set a reasonable upper limit on shares count that can be issued. The company is left with a substantial reserve and don’t have any plans to issue shares equal to authorized amount.
SeanieMac International Ltd (OTCMKTS:BETS) is a famous Irish gaming firm that owns and operates www.SeanieMac.com. It is a casino wagering as well as online sports platform. The company is taking measures to enhance its market share in Irish sports market by focusing on horse racing, soccer, and Gaelic Games.