Sunday 22 October 2017

Profits at SeanieMac gambling firm rise 95pc in fourth quarter

John Mulligan

John Mulligan

The online Irish gambling firm launched last year by Sean McEniff, SeanieMac.com, said the amounts staked through its website jumped 72pc to €1.46m in the fourth quarter of 2013, while gross profits rose 95pc to €119,500.

The company, which is a listed stock market minnow in the United States, had initially targeted punters keen to bet on GAA fixtures.

Its offering now stretches across the sporting arena, however.

Its backers include Mr McEniff, the son of Donegal hotelier Brian McEniff; as well as Rina and Diana Chernaya, daughters of Russian oligarch Michael Chernaya.

SeanieMac said that the total amount staked through its website in December was €623,000, giving it an annual run rate of €7.3m.

FOCUSED

Mr McEniff, who is chairman of SeanieMac, said that since the site launched in April, the service has registered over 6,800 users; processed over 71,000 bets; generated a total turnover of more than €2.5m; and made a gross profit of €185,000.

"SeanieMac is very pleased with this strong start to our business operations but we remain focused and aware that we have a lot of work to do to grow our business in the months and years ahead," he said.

"Our goal is to be substantially larger in the number of users as well as revenue at the end of 2014 then we are today."

The SeanieMac service is powered using a system provided by Boylesports.

Mr McEniff said a number of new developments for the site would be launched early this year.

Irish Independent

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