Online Casino Operator SeanieMac Limited Changes Name

Published Wednesday, August 14, 2013 -
Online Casino Operator SeanieMac Limited Changes Name

SeanieMac Limited is a development stage Irish gambling company which owns and operates, an online sports and casino betting serving gamblers directly under the brand name, and the firm plans to launch internet wagering operations soon.

SeanieMac intends to capture the Irish market by initially focusing on the Gaelic Athletics Association or Gaelic Games as well as horse racing in Ireland and football.

The Irish gambling industry generated about $18.7 billion in 2011 revenue, with $1.7 billion of that generated online and growing rapidly at a fantastic rate. The Irish online gambling sector is projected to reach $3.2 billion in the near future.

Compliance Systems Corp, doing business as SeanieMac Limited, the parent company of the online sports & casino wagering website, today announced it has changed its name and symbol effective August 16th 2013. The new name of the company is SeanieMac International Ltd and the new stock symbol will be BETS.

The company statement read: ‘We estimate that betting turnover in the 3rd quarter will be 300% higher than the turnover in the 2nd quarter. Gross revenues, as a percentage of turnover was about 12% in the 2nd quarter. Gross revenues, as a percentage of turnover in July was 20%. However, it is too early to tell if that trend will continue through the 3rd quarter. Gross revenues increased 80 percent from June to July. Since the firm’s last press release which disclosed 1000 registered users they have grown to 1700 registered users and have processed over 12,000 wagers.

Casino games were added in July and early turnover is averaging several thousand euro per day, which is not included in the numbers published. SeanieMac plans to add an additional two major platforms in 2013 including Bingo and Poker. The firm’s plans will be updated regularly.

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