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Information and Reviews about Freerolls Katy Poker Room in Katy, including Poker Tournaments, Games, Special Events and Promotions.
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Free roll poker houston txWe chose this business because not only do we understand the incredible revenue-generating potential of poker in Texas.
This coin will serve as a commemoration of the impressive list of first-ever major poker events held by FreeRolls in Texas!
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You'll get a 5 day notice when a round closes.
This coin will serve as a commemoration of the impressive list of first-ever major poker events held by FreeRolls free roll poker houston tx Texas!
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The FreeRolls Poker Club business model is based on a two-fold premise: Go Big and Go Fast!
FreeRolls Poker Club has attracted poker players from all over the world for its big events such as WPT Deepstacks Houston and The Texas Showdown Ladies Poker Series.
As we have continued to offer a fun, safe and exciting venue for the play of poker we have seen our numbers increase consistently since our launch in December of 2018.
The chart below shows the progression of our flagship location in Katy, Texas in 2019.
The September revenue numbers are after the reopening of a located in Houston that had closed down for 3 months.
Once the club reopened on Sept.
FreeRolls Poker Club - Katy 2019 Gross Revenues Our Plans for the Future While we cannot guarantee any specific result of our business plan, we are focused on the achievement of the following goals over the next 18 to 24 months.
The Club The Main Club Area Our flagship location located at 24025 Katy Freeway in Katy, Texas is a 10,000 plus square foot facility that spans the entire second floor of the famous Robert's Carpet Building.
Aces at FreeRolls Cigar Lounge We Monetize the Presence of People through Digital Advertising Our revenue model is very simple and extremely effective.
On top of revenue generated from membership and security access fees, we will generate new revenue from advertisers who want to put a message in front of our members because those members have some very important things in common -- 1.
They have disposable income 2.
One of the things that every advertiser is looking for is a way to get in front of an attentive audience and they are looking for repetition.
Interactive advertising at the poker table and across our establishment does both.
We are innovative, creative and the only poker club in Texas where technology, marketing, and poker meet!
Now that FreeRolls has successfully established itself as a pioneer in the Texas poker scene, it is now moving into its Phase 2 which is an expansion on the current business and the introduction of the in-table advertising systems.
While we cannot guarantee any acquisition of the company we will be hiring mergers and acquisition specialists to focus on our goal.
We chose this business because not only do we understand the incredible revenue-generating potential of poker in Texas.
The Taxes Penal Code § 47.
In order for our clubs to be legal, we are a private, members-only club; we do not charge any money for play or seating and we do not take any money from game play in exchange for play, products or services.
The laws could change but that is not a process that would happen overnight and it would most likely have to make all forms of poker gambling illegal even if they took place in a private setting.
If Texas were to ever crackdown on poker, it is our opinion, the State would not make gambling in a private setting illegal but they would make charging for seat rental at a poker table illegal and that is why we do not charge seat rental fees or any other fees beyond the cost of membership and Security Access.
The core of our in-table ads rate card will be established on a 4 table baseline meaning that even though the advertisements will play on all tables in the club the only ones the advertiser will actually pay for is 4.
The reasoning behind this approach is that not all tables will be full for a full 8-hour period but an average of 2.
So under this approach, the advertiser will actually be paying for fewer hours than the ads will actually run.
The basis of FreeRolls Poker Club not charging for seats at a table and using advertising is to create a dynamic revenue stream.
By relying on an advertising-based model, we ensure the club potential for growth by offering the players the ability to play for free and we do not limit the earning potential of the tables by setting a flat price for seat rental.
FreeRolls is the only poker club in Texas that was fortunate enough to have consulted directly with law enforcement officers in the refining of our business model to ensure its 100% compliance with Texas law.
Our revenue model is very simple and extremely effective.
On top of the revenue generated from membership and security access fees, we will generate new revenue from advertisers who want to put a message in front of our members.
We will win simply by doing more of what we have already done but faster.
FreeRolls just click for source already established itself as a pioneer in the industry.
As with any casino or gambling establishment, the competition is made up of other card rooms typically within a 10-mile radius of our club.
One of the reasons we chose Katy, Texas as our flagship location is because we are not in direct competition with Houston clubs that are fighting for the same customers.
At FreeRolls we believe in developing new markets instead of fighting for a share of free roll poker houston tx ones.
Where there are people --- there continue reading poker.
Financials FreeRolls Entertainment has financial statements ending October 1 2019.
Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties.
You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Overview We are one of the largest and fastest-growing poker clubs in the State of Texas!
While we cannot guarantee free gambling block software, our plan is to open 5 more clubs in the State of Texas over the next 2 years and sell the company to a major casino chain, gaming, or entertainment chain.
Milestones Freerolls Entertainment, Inc.
Historical Results of Operations Our company was organized in September 2017 and has limited operations upon which prospective investors may base an evaluation of its performance.
Our gross margin was 100.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 3 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds".
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company.
We plan to raise capital in 12 months.
Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering.
Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy.
This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold.
The Company intends to raise additional capital in the future from investors.
Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
The primary reason for the increase in revenues is the median income of the area the club is located in.
Our expectations for revenues come from the expansion and new construction of homes in the immediate area.
This area covers a free roll poker houston tx of fewer than 10 miles from the club and at current, there are 5 new development projects at various stages of completion.
By the end of the year, we will have two loans reach maturity.
Our plan is to use this raise to help pay off said loans.
If our raise is not sufficient, we will pursue refinancing to procure more favorable terms, especially given our recent increase in revenue.
Many of our convertible notes are due on demand.
In the event of a large and unexpected call on capital, the Company's Founders will infuse capital to cover the demand, assuming the Company does not have enough operating capital to use instead.
Over the next two years, we plan on opening 5 more poker clubs in Texas.
A note from Wefunder.
Unlike companies on the NASDAQ, early-stage startups have little operating history.
Financial analysis is not as useful when there is limited data.
It's more important to predict the size of the future market.
If the founder achieves their vision, will enough customers pay the company enough money?
It's also common for fast-growing startups to lose money even faster: they are investing in future growth.
In these cases, it's often better to check if the Cost of User Acquisition CAC read article lower than the Lifetime Value LTV of that customer.
Amazon is a famous example of re-investing potential profits to maximize growth.
Risks 1 Although we have identified what we believe to be a desire in the market for our legal poker playing venues, there can be no assurance that demand or a market will develop or that we will be able to create a viable business.
Our future financial performance will depend, at least in part, upon the introduction and market acceptance of our business offering.
Potential poker players may be unwilling to accept, utilize or recommend play at our poker clubs.
If we are unable to commercialize and market when planned, we may not achieve any market acceptance or generate revenue.
The loss of services of the members of the management team may have an adverse effect on the company.
There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully please click for source our business.
If we do not appeal to a large player base, our sales and market share will decrease.
If we do not accurately predict which shifts in consumer preferences will be long-term, or if we fail to introduce new and improved methods of gameplay to satisfy those preferences, our gladiator online slots could decline.
If we fail to expand our offerings successfully across broader categories, or if we do not rapidly develop products in faster growing and more profitable categories, demand for our products could decrease, which could materially and adversely free roll poker houston tx our product sales, financial condition, and results of operations.
Further, we may face increased pricing pressures during such periods as customers seek to use lower cost or fee services, which may adversely affect our financial condition and results of operations.
On some occasions, this pricing pressure may result in lower revenue from a client than we had anticipated based on our previous agreement with that client.
This reduction in revenue could result in an adverse effect on our business and results of operations.
Further, failure to renew client contracts on favorable terms could have an adverse effect on our business.
If we are not successful in achieving a high rate of contract renewals on favorable terms, our business and results of operations could be adversely affected.
If our customers are not satisfied, our reputation and customer loyalty could be negatively affected.
While this is a very slim likelihood in our assessment it possibly could happen if the Texas legislature votes on such a measure but it would not happen quickly as it would have to go through the legislative process.
Read More Risks The Board of Directors Director Occupation Joined Russell Breland Pest Control Systems Self 2019 Charles Potter Engineer NASA 2017 Joanne Melton Partner Bundlefly Media 2017 Officers Officer Title Joined Charles Potter CEO 2017 Joanne Melton CFO 2017 Voting Power No one has over 20% voting power.
Capital Structure Class of Security Securities or Amount Authorized Securities or Amount Outstanding Voting Rights Preferred Stock 1,000,000 0 Yes Common Stock 100,000,000 5,202,000 Yes The Funding Portal FreeRolls Entertainment is conducting a Regulation Crowdfunding offering via Wefunder Portal LLC.
Form C Filing on EDGAR The Securities and Exchange Commission hosts the on their EDGAR web site.
Wefunder supports three different federal laws that allow startups go here raise money legally.
To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC both owned by Wefunder Inc also list startups depending on the regulation used.
Some free roll poker houston tx print: 1 These numbers include startups currently live on Wefunder if they pass their minimum target.
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7 reviews of FreeRolls Poker Club "I came here for a networking event last week. Houston, TX 77494. People found FreeRolls Poker Club by searching for…
Poker clubs have long struggled to operate in Texas because of the state's gambling laws—but the FreeRolls Poker Club is going around this.