In order to maximize shareholder value, SeanieMac International Ltd (OTCMKTS:BETS) will reduce authorized shares from 20 billion to 8.5 billion. Shane O’Driscoll, the CEO said that with the recent debt conversions and anticipated credit facility, the company wants to define an upper limit on the number of shares that can be issued. The company is left with a substantial reserve, and it doesn’t have plans to issue shares equal to authorized amount.
SeanieMac International Ltd (OTCMKTS:BETS), a gaming company that owns and operates online casino wagering, is preparing top capture the Irish Sports market. It is focusing on Gaelic Games and Irish horse racing and soccer. It offers a user-friendly online platform for gambling, including casino gaming and sports betting. The company is targeting a big market share of the Irish gambling industry.
It offers immense opportunity as it is a lucrative industry that generated almost $23.7 billion in revenue in 2014. Out of the total revenue, $2.3 billion of revenue was generated on online gaming platform. As per the estimates, the Irish online gambling segment is expected to cross $4billion in 2016.
The future ahead
SeanieMac International Ltd (OTCMKTS:BETS) offers all forms of casino gaming including live casino, poker, interactive skilled games, traditional casino and many more. Now by shifting its focus on Gaelic Athletics Association, it is trying to get an edge over its peers. As its national pastime, the GAA has long been famous in Ireland.
The target areas
The popularity is touching new heights and attracting worldwide appeal. It is gaining attention of gamers in all parts of the world, especially in areas where a large percentage is occupied by Irish heritage and their descendants. Such places include Canada, Australia, the United Kingdom and U.S. In all these countries, communities have their clubs as well as team participating in the Gaelic Leagues internationally and locally.