How do investors get paid? And what is the exit strategy for investors?
There are a couple of different potential exit strategies that we believe are realistic options. First, each StartEngine investor will own shares of stock in VegasWINNERS, Inc., and as shareholders, may be eligible to receive dividends if the company generates income, the votes to declare them.
Second, the Company may look towards going public via IPO in the future.
A third possible exit strategy is the sale of the Company to a larger sports gaming, media, tech or database company where each Shareholder could receive a share of the proceeds derived from the sale.
What makes VegasWINNERS unique in this industry?
VegasWINNERS believes it is a leading company in providing professional research, analysis, data and professional advice to millions of sports bettors with a well-known brand name (Wayne Allyn Root), as its face, voice and “rainmaker”. In conducting its business, the Company operates much like a stockbroker.
Wayne Allyn Root has 30+ years of experience in this industry. We believe his past experience as the man the media dubbed “The King of Vegas Sports Gambling” and
“America’s Oddsmaker” gives the Company an immediate edge over the competition.
Personality, charisma and energy are “kings in the media.” In this area, the Company also believes it has a huge advantage over the competition with Wayne Allyn Root as its driving force.
The Company is confident the future of Vegas WINNERS is bright with its team of Wayne Root, as its face, voice and RAINMAKER, and Howard Lefkowitz, the tech visionary, who helped build Vegas.com into an industry leader producing revenues of hundreds of millions of dollars annually, as the COO/CTO.
Are there any new developments or announcements to make regarding VegasWINNERS?
Yes, the Company is adding a new Board member- none other than Phil Hellmuth, the Poker Hall of Famer. Phil Hellmuth is regarded by many experts as the greatest poker player in the world. He owns the all-time record for holding 15 World Championships of Poker bracelets (no one else in history has more than 10) and the world record for the most cash finishes at the World Series of Poker (WSOP) and most final tables.
At age 24, Phil Hellmuth became the youngest person to ever win the World Series of Poker Main Event. He won WSOP championships in 1989, 92, 93, 97, 01, 03, 06, 07, 12, 15 and 2018 with career winnings in excess of $23 million. In 2007, Phil was elected to the Poker Hall of Fame.
The Company believes Phil Hellmuth (along with Phil Gordon and Mike “the Mouth” Matusow, the other poker legends on the Company’s Board), will add major gambling and business insights to our decisions and strategy moving forward and bring instant celebrity, brand recognition, and major gambling fans to VegasWINNERS’ platform.
How fast is sports gambling expanding?
Sports gambling is expanding incredibly quickly! State governments are seeking new avenues to generate revenues and see the massive tax dollars that can be generated through sports gambling. Sports gambling is seen as literally “money in the bank” for states, which are moving quickly to legalize sports gambling.
Colorado voters approved sports gambling in November, in December 2019, Michigan became the 20th state (plus Washington DC) to legalize sports gambling when Michigan’s Governor signed the bill into law legalizing sports gambling. Michigan sportsbooks are racing to open for betting by March Madness.
In New Hampshire, in early January, the Governor placed the first sports bet in New Hampshire history to officially open New Hampshire for sports betting. In the first 24 hours over 6,000 residents registered to wager sports bets. See:
In California, 18 of California’s Native American tribes have agreed on an initiative for California’s ballot in November 2020 for voters to approve sports gambling.
In Illinois, where sports gambling has been approved, experts estimate there will be over 450,000 Illinois sports bettors ready to place legal bets. It is estimated that sports gambling revenues in Illinois will reach nearly $5.2 billion by 2023. See:
How important is Wayne Root to the viability of the company?
Although Wayne is very important to the Company, the Company has now obtained and will continue to obtain, the advice/predictions of many of the best, professional sports handicappers in the US. Eventually, the Company expects to offer the advice of 20 or more of the best sports betting experts in the United States. Wayne will be one of that group- although clearly with the highest-profile.