Gambling Major Betsson takes a significant stride towards consolidating their business standing through a rebrand of all the Netherlands-facing web casino platforms with the local-level market. The company takes this move is to reorganize its business standing.
A few days back, the Senate house at Netherlands, passed a bill for web-based gambling, within the objective to expand the market for this form of entertainment in the country. For this reason, Betsson decided to change its earlier approach, and the rebranding on the web casino platforms is the most significant move made in this regard, till date. Erstwhile popular as Kroon Casino and Ornaje Casino, will now be known by different names, though, these platforms retained the similar titles, since the takeover made by Betsson in the year 2014. However, this rule will not be applicable to the providers who have already attracted penalties from competent authorities. Providers who feature a similar standing would now go through a phase of blackout phase, spanning about 2 years, before these providers can apply for a Dutch License.
Also check: Kroon Casino Review
Rebranding the web-based Casinos
A few days back, the regulatory body for web-based casinos in the Netherlands, imposed a fine of 300,000 Euros on Betsson. This was not the first instance of conflict between them. Rather, the conflict between these bodies has been consistent for years, with these parties arguing over the Do’s and Don’ts. Even the matter has been dragged to the court of law when the regulatory body directed Betsson to stop its operations for violating the EU Regulation. But, a Hague-based Court gave the verdict against Betsson.
As of now, for a bid for getting themselves back in the domain of web casinos to serve the customers, Betsson decided that it will continue its operation under a new name changing its erstwhile name Kroon Casino to that of Casino Winner. The traffic trying to access the old website will be automatically directed to the new website. On the other hand, Ornaje Casino is yet to complete the steps related to rebranding, and after the needful tasks are completed, it will be known as Loyal Casino Brand.
The key purpose for taking this move is to escape the verdict of a ban for 2 years so that it can offer its services to the Dutch people in a legal manner. The country has passed a new regulation in this regard that will now allow foreign companies to enter the market of 2020.
The Perfect Investment: RAD Diversified and Income-Producing Farms
Amidst the global lockdown of 2020, Dutch Mendenhall, founder of RADD America, began looking for an alternative to standard residential real-estate investments. So, he turned his analysis to farms and was blown away by the immense potential he saw. After going public in late 2019, RADD America purchased US farmland and made slices of the real estate available at minimum investments of $10,000.
Income-producing farms vs. other real estate asset classes
According to Mendenhall, an apartment complex in today’s US real estate market commands approximately a 4% or 5% cap rate. Farms offer somewhere around a 15% to 20% cap rate.
“When I first began looking at investing in farms, I compared each acre to an apartment or housing unit,” Mendenhall recalls. “The variety that income-producing farms provide is what I really love about them as an opportunity. With one season producing wheat and corn the next, you can double tap — you can raise livestock on top of agriculture. Putting money into the farm only pays off in time. Everything from improving soil to increasing irrigation makes a major impact on potential income, and so much of America’s farmland has fallen into disrepair during the last 20 years.”
When Mendenhall began investing during the early days of the pandemic, sustainable acres of producing farmland sold anywhere from $3,500 to $5,000. Today, he finds that income-producing acres of farmland easily sell for $9,500 to $10,000.
“I’ve seen farmland values almost double during the last couple of years,” Mendenhall says. “Currently, we’re in Tennessee, Arkansas, and Idaho, but we are analyzing land all over America. What reports don’t show is the difference between a properly maintained acre of farmland and an acre that is in disarray. There’s only so much workable farmland on the market today. We’ve hit the tipping point, and now, there’s a scarcity of land for people to buy. If you have the opportunity to purchase amazing agricultural land, you have to pull the trigger quickly.”
Income-producing farms as an asset class
Mendenhall is no stranger to investors. Since 2006, he’s connected them to deals in short sales, wholesaling, residential properties, and storage units, though he admits that every asset class has caused the same excitement as farmland. “At this point, we can’t find enough bargains for our investors,” he says. “They take real pride in their investments and keep asking us for more.”
RADD America takes a true grassroots approach when connecting its investors to farmland. “The farming world is different from any other in real estate,” explains Mendenhall. “We start by having our acquisitions and agricultural teams meet with farmers. When we get ready to brand cattle or plant, all the local farmers come and help. In the same spirit, our teams go out and help the local farmers when it’s their turn to brand and plant. To do it right, you have to build a relationship and a connection that’s quite different than other types of investing.”
RADD America is composed of expert investors and expert farmers. The company offers its investments through fractionalized ownership. In other words, the company purchases one farm and then allows a joint pool of investors to own it together.
“If you don’t have a team that knows how to farm and maximize income, you’re not going to get the best possible return for investors,” warns Mendenhall. “Thankfully, our team isn’t so big for this type of investing that we forget who we are, and we have the economy to scale at a great pace.”
The impact of global competition on income-producing farm investments
RADD America closely monitors global trends. In Mendenhall’s experience, investors win when they move before the market. However, when they move after the market, they lose.
“When Russian first invaded and sparked its war with Ukraine, for example, we kept a close eye on its global impact,” he says. “As one of the largest producers of wheat in the world, we knew that Ukraine — now in the midst of a war — wasn’t going to be able to produce wheat at the same scale, so someone else needs to step in and fill the gap. We’re constantly monitoring what’s happening in the world to stay on top of evolving trends.”
In terms of global competition, Mendenhall is frustrated by foreign entities staking ownership of American farmland and agriculture. In this area, China has positioned itself as the number one threat to the sovereignty of the United States.
“When foreign powers have ownership of agricultural land in the US, it puts us all at risk as Americans,” remarks Mendenhall. “Over the past few years, we’ve seen soil quality erode, closures of meatpacking plants, and numerous fires. The likelihood of nuclear war in this age is very small. The quiet war of buying American agriculture and unsettling the American dollar is the threat we face today.”
Clearly, RADD America has a lot to pay attention to at home and abroad. “We’re monitoring weather patterns and making one-year, three-year, and five-year predictions,” Mendenhall explains. “We’re also paying close attention to interest rates to see where this shifting economy is headed. The up-and-down cycles are faster than they’ve ever been. Monitoring the industry is critical. With expert investors and agricultural specialists from RADD America on your team, farmland can be one of your most promising and rewarding investment opportunities.”
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