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FOUR CUBED LOOKING FOR CAPITAL
Monday March 17,2014 : FOUR CUBED LOOKING FOR CAPITAL
Successful affiliate marketer already has a foot in the door in nascent US online gambling market.
Despite the ravages of Black Friday, an online poker affiliate marketing company in Minneapolis, Four Cubed, managed to hang on and is now looking for capital to expand, with a foot already in the door in the nascent US online gambling business in Nevada, New Jersey and Delaware.
Reporting on the resurgent Four Cubed and its founder Chris Carlson over the weekend, The Star Tribune newspaper detailed his rise, fall and resurrection, interviewing Carlson on the premises of a renovated car-painting factory that is now his offices.
In 2011, with operating profit up at a million dollars on $13 million in sales at that point, Four Cubed took a bad knock on its player referral and advertising business in the aftermath of Black Friday, and had to fight back to profitability, tightening operations up, sharpening focus and changing the product mix to improve margins.
Four Cubed generated operating income of nearly $160,000 on revenue of $2.7 million in 2013, encouraging Carlson to boost his 12-member staff count by the addition of a further six jobs, needed to realise the company's ambition to grow revenues to $3.2 million this year.
Carlson, a 90 percent owner of the company, plans “to grow by seven- to tenfold over the next three to five years” and claims that Four Cubed is well-established in Delaware, Nevada and New Jersey online and casino operations.
He also has high hopes that California will join the legalisation trend, providing further business opportunities for his company.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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