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EVE Casino Bond Issue - 10 billion (6-13% per month for 3 months)

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emf Amarr Knights Of the Black Sun	Posted - 2008.11.24 00:56:00 - [61] There is a maximum bet of 100 million. Getting customers to submit to an API check could be an option, the logs of his play could also be audited. Still waiting for the audit, profits are at around 4 bil now, payout would be at 10% if the bond had been running from last month.
Kazzac Elentria	Posted - 2008.11.24 02:45:00 - [62] Just to let everyone know that EMF has contacted me for a financial audit. Once we get things sorted (we've been playing evemail tag for the last few days ) I'll be presenting a full report within a day or two. Lucky for everyone, it pays to be able to play at work
Bert Harringford The Beer Barons	Posted - 2008.11.24 06:10:00 - [63] I'll reserve 10 bonds (1 bill), pending audit
Lord Gabe	Posted - 2008.11.24 10:06:00 - [64] I lose my internet tommorrow for upto 15 days as i'm transferring to a new ISP who do I send my ISK to..... also is there still any unreserved shares? which if i can get some sales through today I may purchase etc before i lose my connection.
Crassus Rose	Posted - 2008.11.24 15:43:00 - [65] Edited by: Crassus Rose on 24/11/2008 15:43:52 I would like to reserve 2 bonds for 200 million.
PaddyPaddy Nihildarnik Gallente aurorae pacificas	Posted - 2008.11.24 16:23:00 - [66] Originally by: cosmoray Edited by: cosmoray on 18/11/2008 22:35:24 I have always thought about a casino, and I still like the idea. I would run it kind of like EOH who do a really good job. I would have: 1. An external website 2. Trusted bankers who you deposit with, and they set up the chips on the account 3. Trusted payout mechanism when you want to cash out chips 4. ideally the banker would deposit cash in EBank 5. external auditors who could look at the game mechanics at ANY time to confirm to the customers that the games aren't rigged 6. All games fully transparent, in terms of rules and queries 7. Casino pays bankers to deposit/pay cash 8. Casino run as an IPO, with profits shared via divs - management fee 9. Have a free play chips area and when people want to start they contact a banker in Eve 10. Limit game size to avoid a massive run on a game. Games to offer: 1. blackjack - 50M per hand limit - casino rules 2. Slots - different ISK plays from 1000ISk - 1M ISk per credit 3. Roulette - max 20M on 1 number - 700M payout by casino (35:1) Now, I know nothing about designing/setting up a website but that is how I would run a Eve casino. If someone came up with the casino like above I would happily bankrole it. I would be more than happy to set up a board like EBank with people who MD trust and be happy to have MD opinions on who should be on board, and I would float the casino via IPO with managment taking a fee, and owning some of the shares This sounds like very reasonable advice. Reserving 3 bonds (300mil) pending audit.
emf Amarr Knights Of the Black Sun	Posted - 2008.11.24 19:57:00 - [67] Thanks for rounding it off to 5b . If it's ok with everyone I'll split it into 2 blocks of 5b so that we can start once the audit is finished?
Amaandia Third Return Inc. Blue Sun Trust	Posted - 2008.11.24 20:03:00 - [68] I'll take 4 more, so a total of 500m.
Banker Lucy	Posted - 2008.11.24 20:18:00 - [69] Lord gabe, there are still 44 more bonds.(4.4b) You could send the isk now but the coupon will only be calculated from the start of the first block. I am finally in contact with kazzac so this should launch by midweek if there are no delays from the reservations.
CornerStoner	Posted - 2008.11.24 21:46:00 - [70] Since there are plenty of bonds still available I'd like to up my reservation from 100m to 300m.
Lord Gabe	Posted - 2008.11.24 23:44:00 - [71] 500m sent
Handelsschnucki	Posted - 2008.11.25 00:57:00 - [72] Im in for 500m.
Mickey Simon Noir.	Posted - 2008.11.25 08:31:00 - [73] I'll reserve 1 bond please (100M) pending audit. Meanwhile, on the other side of town . . .
Kazzac Elentria	Posted - 2008.11.25 17:56:00 - [74] Reserved *just posting an update that Im almost done with this audit (quite a bit of transactional information to process) and will be posting results tonight or first thing in the morning.
emf Amarr Knights Of the Black Sun	Posted - 2008.11.26 21:31:00 - [75] Kazzac says he'll be done by today so I will issue bonds on saturday night US TZ. (29th November) Please send isk to Banker Lucy by then. Bonds issued on saturday will be part of the first block. Second block will be issued when the rest of the bonds get reserved.
Elder Langley Langley Trading and Holdings	Posted - 2008.11.26 22:21:00 - [76] Thank you for the update EMF. I assume that if we wish to buy more bonds than we reserve that would not be a problem right?
emf Amarr Knights Of the Black Sun	Posted - 2008.11.26 22:51:00 - [77] Nope, I'll just launch it with whatever isk I've recieved on saturday night as the first block. The rest will be the second block.
Sandrila	Posted - 2008.11.26 22:58:00 - [78] so i take 2 bounds for 200 mios pls evemail this is my first transaction so need some help :)
Kazzac Elentria	Posted - 2008.11.27 01:56:00 - [79] Was contacted by EMF to perform an audit regarding his proposed launch and here are the results and information regarding the information provided to me. EMF provided 4 APIs for 4 accounts under his control. 1 full API specifically for the Banker Lucy (Casino CEO) and 3 limited for his remaining 3 accounts. Account 1 Three toons jhon robinson part of Knights of the Black Sun - Purchased in Sept of this year Banker Lucy - CEO Alt for Casino CEO sdfghh - throw away alt with no history Account 2 Three toons emf part of Knights of the Black Sun - OPs main Harall - Industrial Alt with limited forum history Asoka Veron - Industrial Alt with limited forum history Account 3 Three toons hps45 part of Knights of the Black Sun - PvP skirmish with no history rehctackluh - Skirmish alt, limited training and nub corp KOBS corp - Knights of the Black Sun recruitment history, POD accouncements, PVP banter Account 4 Two toons Akar StarSeeker part of the Knight of the Black Sun - Lengthy employment history, was a purchased character as of 3-31-08. Forum posts indicate this as it has zero history and then combat banter after the 3-31 date Metal Freack - Throw away alt, no history Knights of the Black Sun Corporation 16 member count Was a Pirate Corporation operating out of 0.0 space Has been involved in various alliances, nothing too note worthy Now involved in Faction Warfare Account Ledger Given access to the transactional data from Account 1, and also the casino logs I spent some time pouring over the books looking for inconsistancies and or confirmations. It is stated that Thatccp is operating as a joint partner. This is confirmed by early injections of isk into the bank account totalling 1.5b and 1.6b. There are later withdraws in the amounts of 1.7b and 800m as the banker account gains influx of operating capital from other sources (players depositing isk). So as it stands the partner is still owed 700m of capital according to the transactions I was given access to. Also of note is transactional history regarding his main, EMF. There are very slow withdrawls in the amounts ranging from 525m to 100m. All totaled, at the end of the transaction log emf owes the banker 922m for the books to balance correctly regarding starting capital and operating capital during this test period. There is also activity at the end of the log regarding a donation of 1.9b isk to the Banker Lucy account and then a contract acceptance of 1.95b later from the Corporation Re-Tek. This was noted as a Dreadnaught purchase using casino profits by emf. There are also various injections and withdrawls from some of his other toons on the various accounts, namely Akar Starseeker (owing 201m to the banker). Also noted is the throw away alt sdfghh has various transfers between it and emf. As of this audit, the banker account only has 143k isk with the bulk of the isk being contracted away in the previous mentioned transfer from EMF to Bank to Re-Tek. However it should be noted that if you assume the personal purchases for the various toons plus the accidental payout from Video Poker (bug which has since been corrected) with an injection of 1b in capital, the casino was able to turn around and profit to the amount of 2b minus any outstanding liabilities that I may not be privy too and minus the outstanding liability to Thatccp. The total profit amount would have been higher at 2.7b but there was an accidental overpay to a client during cashout. I'd post the nitty gritty, but I'll let emf explain his numbers. I have been told that once the Casino goes live, accounts will be zeroed out, all liabilities cashed out and transferred so that the operation starts with a zero account slate. The accounting looks funny because it seems emf was using any and all alts to either handle cash outs, or pay ins.
Kazzac Elentria	Posted - 2008.11.27 01:56:00 - [80] I was given no access to the partner Thatccp and despite having a single Toon in the KOB corporation, it does not have jr accountant access so I was not privy to the corporate logs either. There is residual account activity on the sdfghh alt with a number of purchases and transfers to his pvp alts, including 2 GTC sales. With the accounting information in front of me that I have access too it does not appear that any of this isk went to, or came from the actual casino operation.
Kazzac Elentria	Posted - 2008.11.27 01:57:00 - [81] And on a more personal note... I hate the character limit on the forums.
Banker Lucy	Posted - 2008.11.27 02:09:00 - [82] Thanks kazzac, bonds will be issued this saturday. Please send isk by then. As kazzac has mentioned in his audit, the casino has made a profit of 2 billion isk in the week or so it has been operating. It would have made 700 million more if I had not made a mistake in the payout and another 1 billion isk or so more if video poker had not been broken. However, most of the profits have been coming from one or two high rollers. Nonetheless, 13% payout (1.3 bil in profits a week) for the first month should be easy if things keep up.
Brock Nelson Caldari Flux Technologies Inc	Posted - 2008.11.27 02:51:00 - [83] I guess first pay out is end of Dec right? I'm gonna send 200 mil (up 100 mil from my 100 mil reservation) 10% for Returning Customers
Banker Lucy	Posted - 2008.11.27 03:00:00 - [84] Payout will be on the 29th of december, 29th of january and 1st of march.
Detaro Gantis	Posted - 2008.11.27 05:03:00 - [85] ISK sent.
XrayZII VXR Heavy Industries	Posted - 2008.11.27 06:35:00 - [86] reserving 5 bonds @500m. pls convo so we can have a little chat :)
Cinta Verick Amarr 4th Dimension Investments	Posted - 2008.11.27 08:23:00 - [87] ISK Sent - Good Luck
Garia666 Amarr T.H.U.G L.I.F.E White Core	Posted - 2008.11.27 15:29:00 - [88] any bonds lefT? www.garia.net
emf Amarr Knights Of the Black Sun	Posted - 2008.11.27 19:56:00 - [89] Yes, 28 left (2.8 bil)
Amon Rhar InterGalatica Corp	Posted - 2008.11.27 20:21:00 - [90] Isk Sent.

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