One of the most successful private online casino sites and
betting destinations on the Web may be relinquishing its
domain after marginal gains in profit the past few years.
BetCRIS, who by no means is losing money from the online
gambling industry, does not see as large of gains as some of
the much larger online casino sites and gambling empires who
have floated on various stock markets.
However, BetCRIS does quite well
for itself. In comparison to the IPO valuations of their
competitors, BetCRIS says the company is worth at least $100
million, and that any offers to buyout would have to be over
that amount.
Chief Executive Officer,
Mickey Richardson, said the company is in no rush to sell, and
that it is not taking an active roll in courting bidders.
On the contrary, they are feeling out the market, while
continuing to adjust their online betting services to more of
a recreational demographic. Instead of selling off parts
of the company - which some potential buyers were pushing for
- BetCRIS is continuing to brand and market their online
casino, online skill games and online poker room.
Upping their presence in the
online casino industry is most likely part of the plan to
diversify and bring more to the table when negotiating with
buyers. Prior to this more recent expansion, BetCRIS
primarily catered to serious sports bettors, many of whom
spent a great deal of time betting on sporting events.
|
