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WPFH – Research Report
Company Name: World Poker Fund Holdings, Inc.
Stock Symbol: WPFH Company Website: Www.WorldPokerFund.com
World Poker Fund essentially has four divisions: Sponsorship Tournaments, Media Entertainment, Interactive Gaming ,and Casino Development and Operations which I will go over. But first, here’s celebrity roster reported in the 10-Q on Friday. Source
WPFH CELEBRITY BENEFICIAL OWNERSHIP
Shareholder Number of Shares % of Common
Floyd Mayweather 3,000,000 shares 10.02%
Kyle Massey 3,000,000 shares 10.02%
Justin Bieber 3,000,000 shares 10.02%
(Soulja Boy) DeAndre Cortez Way 1,500,000 shares 5.02%
(Tyga) Michael Ray Nguyen-Stevenson 3,000,000 shares 10.02%
(PooBear) Jason Paul Douglas Boyd 3,000,000 shares 10.02%
Other celebrities backing up this company include De’Anthony Thomas who plays in the NFL as wide receiver and return specialist for the Kansas City Chiefs. Showing his loyalty on twitter in all capital letters “IM PROUD TO BE A SHAREHOLDER OF #WPFH #RUNDAT @Kylemassey @Justin bieber ..” Source Verified Twitter Account of De’Anthony Thomas. Few more celebrities in the #WPFH brand include “Takeoff” from Migos, Cladia Jordan, Michelle Vu, Lil Za, Drew Sidora however I don’t know if they hold shares as well. Soulja Boy seems pretty serious about this new business venture as you can see in this quick 3 minute video where he talks about World Poker Fund Holding WPFH and plans for it go in quote “viral” and even shows off his #WPFH shirt (You can also scroll down to view the video on this page). Also found Kyle Massey, the Disney TV/Movie Star wearing a #WPFH shirt as shown in one of the pictures below.
This company went public second quarter of this year so not too many people know about this stock yet nor the celebrity ownership. Aside from the Celebrity ownership this company looks solid. Here’s whats happening with the company from a business standpoint.
Here’s the Recent Press Releases by the company:
- WPFH to Roll Out Online Skilled Poker Sites
- WPFH Announces Acquisition of the International Poker League and the IPL Vegas Open
- WPFH Announces Chief Advisor of Online and Interactive Gaming
- Appointment of Navajo Nation Controller to the Indian Gaming Enterprise Committee
- World Poker Fund Holdings Goes All In With Its Latest Projects
- World Poker Fund Holdings, Inc. (OTC Markets WPFH) Doing Celebrity Poker Like A Boss With Partner LOOKHU, Inc.
World Poker Fund basically has four divisions which you can read about below: Source: 10-Q
Soulja Boy Representing WPFH (Says WPFH going to go Viral)
The sponsorship tournaments are held to discover and develop poker careers for up-and-coming poker players. Every member has the opportunity to earn a spot as a WPF sponsored player. A series of non-cash multi-table tournaments (MTT) will be held to determine the best poker players. Top ranked members will be awarded with a three-year player’s contract. Player’s contracts consists of a $2,500 monthly draw for the first twelve months, fully sponsored action on all approved buy-ins and tournament fees, all-expense-paid travel and accommodations for out-of-town tournaments, 50% of winnings, and a chance to star in our reality TV show.
WPFH – World Poker Fund Holdings is currently in production of four reality TV series –Poker Boss, Urban Poker, America Loves Poker (“Poker Dreams”), and Poker After Hours. All of the shows are planned to be distributed on Lookhu.com
INTERACTIVE GAMING AND ONLINE POKER
Currently, just Nevada, Delaware and New Jersey have web gambling industries. World Poker Fund will be developing an internet poker platform for the California market should online gaming become permitted in the state. World Poker Fund is also currently seeking to establish relationships with American Indian Tribes to develop internet poker and gambling platforms throughout the country within sovereign rights under the Indian Gaming Regulatory Act(IGRA).
CASINO DEVELOPMENT & SERVICES
World Poker Fund is seeking opportunities with American Indian Tribes to establish and develop of Class III gaming operations.Part of our business model will include assisting Native American tribes secure financing to petition for federal recognition and repurchasing land into federal trust.
INDIAN GAMING REGULATORY ACT OF 1988
As codified by the Indian Gaming Regulatory Act of 1988 (IGRA), states have limited ability to forbid gaming in areas that have tribal sovereignty. IGRA breaks gaming into three separate classes: Class I gaming is social and ceremonial gaming of the tribal members; Class II gaming includes bingo and house-banked card games; and Class III gaming is all other types of gaming. Indian tribes are allowed to engage in Class I gaming without exclusions or conditions. Class III gaming can only be conducted under a legal compact between a tribe and the state wherein the Indian lands on which the gaming is conducted lie. Tribes may operate Class II gaming on their Indian lands under self-licensing and regulation, and without a governing tribal-state compact, when such gaming is permitted to anyone else within the state in accordance with state laws. It is our position that an online poker site on sovereign land is authorized Class II gaming under IGRA.
There are two revenue streams for sponsorship tournaments. 1)World Poker Fund will be selling memberships. Only subscribed members will be able to compete. 2)World Poker Fund will be receiving 50% of the winnings from our ranked sponsored players.
Advertisement, sponsorships, merchandising, and media distribution are all anticipated revenue streams attached to the entertainment content we produce. We have currently arranged a 50% revenue share on all advertisements and sponsorships with our shows distributed on the World Poker Channel of Lookhu.com.
World Poker Fund plans to enter into licensing/royalty agreements with some or all of its celebrity beneficial owners on various merchandising and promotional properties related directly or indirectly to our projects, shows and tournaments. World Poker Fund’s objective would be to primarily convert their social media followers into consumers.
When World Poker Fund enters the web gaming space, the company anticipates the bulk of the online poker room to be generated by either consulting/management/royalty fees, advertising, or (should the jurisdiction and laws permit World Poker Fund to operate) the following: 1)RAKE. A rake is collected from most pots. The rake is typically calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. 2)BUY-IN. Multi-table (MTT) and impromptu sit-and-go tournaments are not raked, but receive an entry fee typically between five and ten percent of the tournament buy-in. 3)CAGE CASH. Most jurisdictions regulate the sort of risks a site can take from a player’s money. However, certain low-risk investments may yield a significant return depending on the size of the cage cash.
CASINO DEVELOPMENT & SERVICES
Depending on the arrangement agreed upon with the Indian tribes, revenue streams will be generated by royalties, consulting, and management fees.
About WPFH World Poker Fund Holdings, Inc. (WPFH)
World Poker Fund Holdings, Inc. is engaged in the development of poker sponsorship tournaments to identify and train new poker players for poker competitions, the development and production of poker entertainment reality TV shows, and in advising and assisting in the development of online and interactive gaming and casino development under the Indian Gaming Regulatory Act of 1988. WPFH is not engaged in gaming activity, does not operate casinos or gaming venues, and is not licensed, or required to be licensed, under any gaming regulations.
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