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SaaS Company XR Casino Platform to Feature Extended Reality Gaming Across Devices
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Overview
We plan to empower traditional brick & mortar, online casinos and sports betting companies to reach new players and expand their offerings to extended reality platforms through our SaaS solutions. Our platform will allow users of any XR technology to play with each other regardless of the XR technology or equipment they are using. We will implement blockchain and artificial intelligence technologies to solve some of the problems in the iGaming and sports betting industries such as cybersecurity threats, lack of transparency, and player attrition.
THE PROBLEM
With the advent of AR, VR, and MR technologies, casinos are missing an immense opportunity to appeal to wider ranges of consumers by sticking to their traditional online and land-based models. Moreover, the iGaming industry has yet to adopt this new technology as well, leading to a stunning lack of interoperability between XR technologies. This lack of interoperability leaves users with a two-dimensional experience and some limited 3D experiences through virtual reality only.
The biggest risk to iGaming, Sports Betting companies and casinos, is cybersecurity. Cybercrimes cost the gaming industry hundreds of millions of dollars each year in losses and result in reputational damage due to stolen player data (Source). Aside from being susceptible to hacks and data breaches, currently all online-based gambling is a major target for fraud, which can lead to losses, casino closures, and even criminal charges. (Source)
THE SOLUTION
XR Casino is a pioneer for Interoperability. Our patent-pending XR gaming platform allows cross-technology gaming between AR, MR, and VR technologies and devices, giving players a streamlined and fulfilling experience. We offer players a tailor-made experience where they can choose from single and multiplayer games, private game rooms, and public game rooms. From there, players can bet on their favorite games such as roulette, blackjack, slot machines, and even sports betting.
In order to give our users the safest experience possible, we utilize blockchain technology, which provides costless, real time audited data available to casinos, players, and regulators. Blockchain technology enables decentralization, which means there is no single point of failure for hackers to breach our security. The use of blockchain allows XR Casino to control access data to protect privacy, so players can breathe easy knowing their data, privacy, and money are safe. Blockchain technology also facilitates payments, acceptance of cryptocurrencies and sale of NFTs. We will accept major cryptocurrencies and plan to launch our native coin to allow cryptocurrency staking to incentivize player loyalty and community building through proof of stake mining and drops of augmented reality coins in real world places (similar to how Pokemon Go works). Blockchain technology also empowers us to exist virtually in any metaverse we choose.
XR Casino also benefits from having a two-pronged B2C and B2B business model. Our B2C segment is a free-to-play social casino model where we will generate revenue from sales of in-game casino chips, ads and subscription fees. These games involve play money only, and they will not be able to cash out or exchange them for anything of value. Some popular examples of social casinos include: Doubledown Casino, Slotomania, Zynga Poker and myVegas Slots. Players will download XR Casino games to their computers, smartphones, or XR devices through any major app store. Upon termination of a successful capital raise, we plan on creating and launching a fully licensed subsidiary with a Malta online gambling license to roll out for-money games in jurisdictions that allow it. (Funds from this Reg CF campaign will not flow to that subsidiary.) We will accept major cryptocurrencies in addition to fiat money.
Our B2B segment is a SaaS model where we expect to generate revenue from technology licensing fees and revenue sharing fees from both, social casinos and for-money licensed casinos. SaaS clients will be required to be licensed in each state where they want to launch for-money XR Casino games and pay a set up fee of $25,000 plus a monthly fee of $5,000 per game with increasing scales based on the number of players. They will pay their legal fees and game certification fees independently, and the revenue sharing agreements will give XR Casino 25% of revenues generated. We plan for our B2B segment to include a division for celebrities, influencers and entertainment industry businesses with large numbers of followers interested in monetizing their follower base by rolling out their branded social casino and NFTs.
OUR TRACTION
The first games we are launching in our MVP games this month are black jack, roulette, and slot machines. We’ll be launching our MR MVP through the Microsoft Store, AR MVP through the AppStore and Google Play Store, and our VR MVP through the Oculus store. Though we’re still in our early stages of development, XR Casino has already been featured on Yahoo Finance, iGamingBusiness, and Yogonet.
Through our solutions, XR Casino can acquire players from Gen X, Y, and Z at a lower cost of acquisition due to the lack of XR cross-technology games. Our future casino and sports betting company clients likely can acquire clients for a lower cost of acquisition than traditional technologies. We expect that incorporating blockchain technology and artificial intelligence technologies can solve real problems that cost these industries millions of dollars each year.
THE MARKET
As the pioneers for XR gambling, we currently don’t have any competitors in extended reality iGaming. Some casinos have launched VR games with the hopes of attracting a new generation of players and staying current, but none of them have AR, MR and VR games in a cross-technology platform. We plan to be one of the first companies to implement patent-pending technology for XR cross-technology iGaming, blockchain technology, and AI value added services in one SaaS solution.
Being a new-age gambling platform, it should come as no surprise that XR Casino uses artificial intelligence to enhance player experience. We also use AI technologies such as robotic process automation, machine learning, and natural language processing to improve the players’ experiences. By enhancing the player’s experience, we hope to increase engagement and lower attrition. It is estimated that a 5% reduction in player attrition translates to a 25-85% increase in a casino’s profits. ( Source)
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XR Casino plans to generate revenue from the sale of NFTs. We plan to sell NFTs of unique skin designs for holographic and virtual assets such as one-of-a-kind designs for black jack tables, roulette tables, slot machines, decks of cards, casino chips, in-game avatar clothing, and wearables. We plan to do revenue sharing agreements with 3D artists, celebrities and influencers that will list NFTs for sale in our store.
WHY INVEST
XR Casino is the alchemy of new-age technology and tried-and-true gambling. We not only aim to make history by disrupting the multi-billion-dollar iGaming and casino industries through XR, AI, and Blockchain technologies, but we also aim to be the number one XR technology provider to the iGaming and casino industry. Together, we will bring innovation, transparency, security, and fun to these industries for the mutual benefit of players, casinos, and our shareholders. Join us on our journey to become tomorrow’s trusted face for gambling, and invest in XR Casino today.
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Company | : | XR Casino Inc. |
Corporate Address | : | 151 San Francisco Street 2nd Floor , San Juan , PR 00901 |
Offering Minimum | : | $9,998.08 |
Offering Maximum | : | $1,069,997.86 |
Minimum Investment Amount(per investor) | : | $149.80 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 4,672 |
Maximum Number of Shares Offered | : | 499,999 |
Price per Share | : | $2.14 |
Pre-Money Valuation | : | $14,980,000.00 |
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based
Friends and Family
First 90 days - 15% bonus shares
Amount-Based
$450+ investment:
500,000 XR Casino Chips
$1,500 + investment:
1,500,000 XR Casino Chips
$3,000+ investment:
3,000,000 XR Casino Chips + 3% bonus shares
$4,500+ investment:
5,000,000 XR Casino Chips + 5% bonus shares + early access to new games
$15,000+ investment:
15,000,000 XR Casino Chips + 7% bonus shares + Oculus Quest 2 VR Headset + early access to new games
*All perks occur when the offering is completed.
**XR Casino Chips carry no real monetary value.
***Investment incentives do not stack, i.e. an investor will only receive the perks associated with one of the incentive levels, which will be the greatest for which they qualify.
The 10% StartEngine Owners' Bonus
XR Casino will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.14 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $214. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Dear shareholders,
JP Morgan thinks it will grow to $1 trillion a year in revenue and launched in Decentraland, Goldman Sachs projects it will be worth $8 trillion, Citigroup thinks the Metaverse economy could be worth up to $13 trillion. This is music to our ears, let me tell you why I'm even more excited...
There are thousands of online casinos and gambling sites worldwide and over 9000 land based casinos but only a handful ( 5 to 6) Metaverse casinos. By the way, these Metaverse casinos don't have a cross-extended realities tech solution. XR Casino is here to solve this problem and take online and land based casinos into the Metaverse with our Augmented, Mixed and Virtual Reality games and gaming solutions.
We are excited about the future of our company and look forward to capitalizing on this enormous opportunity.
As we near the end of our equity crowdfunding campaign, I ask that you to take a moment to re-evaluate your investment in XR Casino and decide if you would like to increase it before we close out the campaign.
Best regards,
Dan
Dear shareholders,
We are pleased to report we had a fantastic showing at the SiGMA Americas conference in Toronto, Canada. Our booth was the busiest by far, we did product demos and met numerous casino operators from around the globe. Their interest in our games is a testament to what we are building. We look forward to reporting tangible results from the event during the coming days.
As a reminder, we have less than 28 days until the end of our equity crowdfunding campaign. If you are considering increasing your investment this is a good time to do so.
Best regards,
Dan
Dear shareholders,
We'll be exhibiting our AR, MR and VR games on June 7th and 8th at the SiGMA Americas conference in Toronto, Canada. SiGMA conferences attract the top global iGaming companies, technology providers and operators as well as industry professionals and investors. We look forward to a great showing at the conference.
Best regards,
Dan
Dear shareholders,
The XR space continues its forward momentum with new developments from Apple and Qualcomm. Qualcomm is introducing a wireless version of its augmented reality Smart Viewer, Wireless AR Smart Viewer. This version updates Qualcomm’s earlier smart glasses design with a higher-powered chipset, plus a tethering system that uses Wi-Fi 6 / 6E and Bluetooth instead of a USB-C cable. You can read more about it here.
According to a report by Bloomberg’s Mark Gurman, Apple has demonstrated a new Apple-made VR headset to its board. Apple has aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023. It targeted an introduction at the Worldwide Developers Conference in June, but challenges related to content and overheating have led to potential delays, Bloomberg has reported.
We're excited to see how leading tech giants continue to innovate in the XR space and look forward to launching our games on their new devices as they are made available to consumers.
Best regards,
Dan
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the XR Casino offering. Here's an excerpt describing the specifics of the change:
Issuer has provided updated financials and is extending their campaign 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Andrei Arlovski is a professional mixed martial artist, actor and former UFC Heavyweight Champion. He currently competes in the Heavyweight division for the Ultimate Fighting Championship and has held records for most bouts as well as wins in UFC heavyweight history.
We are honored to welcome Andrei to XR Casino as Advisor to our Sports Betting division and look forward to making great things happen for the benefit of XR Casino shareholders.
Pleas join me in welcoming Andrei to the XR Casino family. Follow him on Instagram here.
Best regards,
Dan
image source: cagepages.com
Dear shareholders,
We continue making progress in our development road map with new updates to our Virtual Reality and Augmented Reality games. We are now working on our multiplayer mode in order to launch social gaming during the second quarter of this year as planned. These new builds and recent development are specially meaningful to our company because our teammates in Ukraine are working literally "under fire" as war ravages on in their country. I want to thank Oleh, Riga, Ihor, Nick, Tim and Dmitry for their relentless commitment to making XR Casino a success regardless of the difficulties they are experiencing in their personal lives, while caring for and helping those that are suffering from the effects of the war. They are my heroes, their dedication and discipline is matched only by their desire to overcome the enormous challenge of surviving a war and rebuilding their homeland.
Best regards,
Dan
Dear shareholders,
It seems like one of the most popular buzzwords today is "metaverse". There are news about metaverses almost every day and it seems like everyone wants to jump on the metaverse opportunities by investing in digital lands, NFTs or crypto. The rise of metaverses, digital lands and utility NFTs bodes very well for our company. We've been contacted by companies interested in licensing our VR Casino to launch in metaverses. These opportunities may represent a new and exciting revenue segment for our company, we will update you if they materialize. Here are some images of our VR Casino.
Best regards,
Dan
Dear shareholders,
I'm happy to report that our team members in Ukraine and their families are well, most have relocated to smaller cities far from where the war is taking place. Although the war is raging on, they find solace in getting back to work. They love their country, their family and their company. The courage and dedication they are showing during this incredibly difficult time speaks volumes of who they are as individuals and professionals. We pray for their safety and for the war to end.
I want to thank you for your support as a shareholders, your investment is helping to keep our team members employed during this very difficult time. This experience will make us stronger, our dedication to the success of our team and our company has never been greater.
Best regards,
Dan
Dear shareholders,
As you are aware, Russia has launched a devastating attack against Ukraine. Innocent people are being murdered by the Russian military, bombs continue raining down on Kharkiv, Kyiv and several other cities. The horrific images and videos show the brutality that is happening right now. Our team members and their families are taking refuge and fighting to survive the war. We are relocating our team from Kharkiv to a different city located a few hours away from Kharkiv and Kyiv. We ask for your prayers and support for the Ukrainian people by making a donation to one of the charities helping Ukraine. We've made a donation of $1,000 to UNICEF on behalf of our team members.
We will continue updating you of on our team's status over the next few days, until then, please pray for Ukraine.
Best regards,
Dan
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