VIPZOTCRetail-Miscellaneous RetailUS GAAP · USD

VIP Play, Inc.

VIP Play, Inc. is a U.S.-based mobile and online gaming company built around the ZenSports brand. Its business centers on sports betting, peer-to-peer wagering, eSports wagering, and related interactive gaming services delivered through mobile apps and web platforms.

Liikevaihto0,2milj. USD
+314,0 %v/v
Liikevoitto (EBIT)−11,9milj. USD
+24,1 %v/v
EBIT-marginaali−6 471,7%
−24 703,1 %-yks.v/v
Nettotulos−9,5milj. USD
+50,3 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−20−15−10−505milj. USD2021: 0,05 milj. USD2021: EBIT −0,05 milj. USD20212022: 0,08 milj. USD2022: EBIT −0,63 milj. USD20222023: −0,04 milj. USD20232024: −2,3 milj. USD20242025: −0,09 milj. USD2025: EBIT −16 milj. USD20252026: 0,18 milj. USD2026: EBIT −12 milj. USD20260,18−12
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Sports betting45 %

Online and mobile sportsbook wagering products offered under the ZenSports brand.

iGaming and casino services20 %

Interactive gaming and casino-related offerings enabled through partner platforms and licenses.

Peer-to-peer wagering15 %

Betting products that allow users to wager directly against one another.

eSports wagering10 %

Wagering products tied to competitive video gaming events and tournaments.

Platform and account management services10 %

Technology, account management, and integration services supporting the betting platform.

Asiakkaat

VIP Play sells primarily to individual consumers who place wagers through its mobile app and website. Its products also depend on regulated gaming partners and platform providers that support account management, geolocation, payments, and distribution. The company’s customer base is therefore a mix of end users and regulated ecosystem partners that enable access to those users.

Retail sports bettors

Consumers who use the ZenSports app or website to place sportsbook wagers and related bets.

eSports wagering users

Players interested in betting on competitive gaming events and tournaments.

Peer-to-peer betting users

Customers who prefer direct wagering against other users rather than a traditional sportsbook.

Gaming platform and service partners

White-label and infrastructure partners that provide account management, hosting, and distribution support.

Strategia

VIP Play’s strategy is to build and scale a mobile-first betting platform through licensing, third-party technology, and regulated market entry. The company is focused on expanding its product set across sports betting, iGaming, and related interactive gaming while securing the operational infrastructure needed to launch and support those products.

Obtain and maintain gaming licensesLyhyt aikaväli

Regulatory approvals are required to operate legally in target jurisdictions and to expand market access.

Scale the technology stack through partnersLyhyt aikaväli

Third-party account management, geolocation, and hosting services reduce build time and support launch readiness.

Broaden product scope beyond sportsbook wageringKeskipitkä aikaväli

Adding iGaming, eSports, and retention features can deepen engagement and diversify the offering.

Maantiede

VIP Play is headquartered in Sarasota, Florida and is organized as a U.S. company. Its operating footprint is tied to regulated U.S. gaming markets, including Tennessee and West Virginia, while the company also describes its platform as global and online-based. Geography matters because gaming licenses, app-store access, and state-by-state regulatory approvals determine where the product can be offered.

Riskit

VIP Play faces the risks typical of an early-stage regulated gaming operator: licensing dependence, platform dependency, and uncertain customer adoption. The company also has a going-concern risk profile, with continued losses and a need for external financing to fund operations and expansion.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going-concern and financing risk1Regulatory and licensing risk2Platform dependency risk3Competitive and adoption risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going-concern and financing riskVaikutus: KriittinenTodennäköisyys: Korkea

    The business requires additional working capital to fund operations, licensing, and growth before revenues are sufficient.

    Kohdistuu: Corporate liquidity and continuity of operations

  2. Regulatory and licensing riskVaikutus: KorkeaTodennäköisyys: Korkea

    Sports betting and iGaming can only be offered in jurisdictions where approvals are granted and maintained.

    Kohdistuu: State-by-state market access

  3. Platform dependency riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on Apple, Google, and third-party gaming infrastructure to distribute and operate its products.

    KohdistuuApp store accessHostingAccount managementGeolocation
  4. Competitive and adoption riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The online betting market is crowded and users can switch quickly to better-known or better-funded apps.

    Kohdistuu: Customer acquisition and retention

Kirjanpito

Harkinnanvaraiset erät
Going-concern basis

Management has disclosed substantial doubt about continued operations, which affects valuation and balance-sheet assumptions.

Vaikutus: May require adjustments if financing is not secured

Capital raising instruments

Debt and equity financings can include warrants, conversion features, or other complex terms.

Vaikutus: Could affect dilution, fair value measurements, and interest expense

Intangible asset recoverability

The company has acquired brands and technology assets that depend on future commercialization success.

Vaikutus: Potential impairment charges if expected cash flows do not materialize

Technology and platform costs

Judgment is needed on whether software and development spending is expensed or capitalized.

Vaikutus: Affects operating expenses and asset balances

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

VIP Play, Inc. (OTC) – Retail-Miscellaneous Retail | Analyysi – Clarifo