Fantasy sports activities and sports activities betting rise when main leagues play once more

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NEW YORK, January 28, 2021 / PRNewswire / – When it comes to online gaming, attitudes towards betting are changing, leading to predictions about the US sports betting market $ 3 billion The emergence of legal online sports betting is spreading across multiple markets. Five more states want to legalize this year. With new seasons afoot in both the NBA and NHL, the pain of last season’s adjustments seems to have lagged behind professional sports leagues and ratings are rising. With the growing interest in professional sports, the betting markets are seeing a surge that is helping several online gaming technology companies, including Bragg Gaming Group (TSXV: BRAG) (OTCQX: BRGGF), DraftKings Inc. (NASDAQ: DKNG), Penn National Gaming ( NASDAQ: PENN), 888 Holdings (OTCPK: EIHDF), and Boyd Gaming (NYSE: BYD).

It is not just The United States This is a revival of the sport. The Bragg Gaming Group (TSXV: BRAG) (OTCQX: BRGGF), through its market-leading subsidiary ORYX Hub, announced the launch of RGS services for the European sports betting and casino operator Betway.

“We are very excited that our partnership with Betway goes live and that our titles bring a new dimension of content to their players,” said Matevz Mazij, Managing Director of ORYX Gaming. “Our RGS content has already proven to be strong Germany and beyond, and this partnership will further strengthen the reach and reputation of our two companies. “

Prior to Betway’s announcement, Bragg Gaming had also signed a deal the Netherlandsthrough the Dutch land operator JVH Gaming & Entertainment Group. The agreement includes an integration with the world’s leading sports betting provider Kambi Group.

“It has taken some time for the Dutch online gambling market to be regulated and we are excited about the opportunities that are now emerging,” he said Eric Olders, CEO and Chairman at JVH. “We are confident that with ORYX’s experience and the quality of their products, we can offer our customers the best service and an unparalleled gaming experience. They have a great team and we look forward to working with them.” great team. “

After an extraordinary 2020 full of customer launches the Netherlands and Germany are the latest regulated entries for ORYX. ORYX content is certified or approved in 18 other regulated markets.

The past 12 months have been particularly positive for Bragg Gaming Group, which posted exceptional revenue growth of 72% in the third quarter of 2020. That momentum gave Bragg the boost it needed to move to the main board of directors, the Toronto Stock Exchange, where she began trading January 27, 2021.

“Bragg is well on its way to becoming a global leader in online games,” he said Paul Godfrey, Board member at Bragg Gaming. “Listing on the TSX will raise awareness among institutional and global investors and put the company directly in the spotlight of key industry analysts. As the global online gaming industry continues to grow exponentially, investors are looking for companies with the technology and expertise as a Pioneer, and Bragg is a prime example. “

Bragg weren’t the only group that had a successful 2020 and played out the momentum.

When it comes to sports betting, DraftKings Inc. (NASDAQ: DKNG) stands out as a pure sports betting company that has achieved well-known status.

Morgan Stanley predicts that DraftKings Inc. could beat sales estimates by 25% over the next 4 years.

“While the tailwind at home has likely helped, iGaming’s strength has extended well beyond the casino’s early closings, suggesting that acquired customers continue to gamble and sports betting revenues meet expectations for the fourth quarter despite a weaker sports calendar excel, “wrote Allen in a note shared by Benzinga.

Everyone sees starts and permits in Arizona, Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Ohio, Oklahoma, South Dakota, Texas, new York, and Ontario as catalysts for it.

After the death of the former chairman Sheldon Adelson Las Vegas Sands (a longtime opponent of online gaming) now appears to be considering acquiring 888 Holdings (OTC: EIHDF). It is clear that Adelson is no longer at the top, his former deputy Rod Goldstein is taking the lead in a potential new expansion in online sports betting, and the potential 888 deal is an indication of that shift.

The wholly owned subsidiary 888 Sport was seen as the perfect complement to the parent company’s online poker and online casino game. Ratings for ease of use and responsiveness have been overwhelmingly positive, including fulfilling its claim to be one of the best mobile betting apps in the industry. By adding 888 to its list, Las Vegas Sands could potentially cause one of the biggest splashes in the business.

Penn National Gaming (NASDAQ: PENN) entered the online sports betting market and, in collaboration with Barstool Sports, caused a stir to launch sports betting offers for new markets.

The duo most recently launched its sports betting app for mobile devices and iCasino products in the US Michiganafter the Michigan Gaming Control Board approved the applications.

Another recently launched sports betting platform is Boyd Gaming’s (NYSE: BYD) B Connected Sports. With the mobile app you can bet on all professional and university sports, among other things. However, currently the app is only available to users in Nevada.

Although the launch of B Connected is still in the relatively early stages, Boyd Gaming has retained a 5% stake in the popular FanDuel brand that Flutter Entertainment just paid for $ 4.2 billion to increase their majority stake in.

Companies like Bragg Gaming Group are already in the spotlight as well-established and growing providers in the industry as fantasy sports and sports betting are becoming increasingly popular with the aforementioned big players.

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