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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.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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