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.
Disclaimer: Microsmallcap.com (MSC) is the source of the article and content listed above. References to issuers other than the profiled issuer serve solely to identify industry participants and do not represent an approval of an issuer and do not represent a comparison with the profiled issuer. The FN Media Group (FNM) is a third party provider and service provider for the distribution of news, the disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any of the companies mentioned here. The comments, views and opinions expressed by MSC in this press release are solely those of MSC and are not shared by FNM and in no way reflect the views or opinions of FNM. The readers of this article and its content agree that they cannot and will not hold MSC and FNM responsible for any investment decisions made by their readers or subscribers. MSC and FNM and their respective affiliates are news dissemination and financial marketing solutions providers and are NOT registered broker-dealers / analysts / investment advisors, have no investment licenses, and are NOT permitted to sell, offer or sell any securities.
The article and the content of the featured company reflect the personal and subjective views of the author (MSC) and are subject to change at any time without notice. The information and content contained in the article come from sources that the author believes to be reliable. However, the author (MSC) has not independently verified or otherwise investigated all of this information. None of the authors, MSC, FNM, or their respective affiliates guarantee the accuracy or completeness of such information. This article and its contents are not intended to be investment advice or a recommendation as to any particular safety or practice. Readers are urged to speak with their own investment advisor and review all of the profiled issuer’s filings with the Securities and Exchange Commission prior to making any investment decisions. You should understand the risks associated with an investment in the securities of the featured issuer, including, but not limited to, the total loss of your investment. FNM has not been compensated by any of the public companies named here for distributing this press release, but has been compensated twenty-five hundred dollars by MSC, an unaffiliated third party who is distributing this press release on behalf of Bragg Gaming Group
FNM DOES NOT HAVE ANY SHARES IN ANY COMPANIES THAT MENTIONED IN THIS PUBLICATION.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made under the Safe Harbor provisions of the private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “May,” “future,” “plan,” or “planned”. , “will” or “should”, “expected”, “anticipated”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a variety of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risk that actual results may differ materially from those projected forward-looking statements vary due to various factors and other risks identified in a company’s annual report on Form 10-K or 10-KSB and in other filings by that company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements contained herein and should not place undue reliance on such statements. The forward-looking statements in this press release speak as of the date of this release and MSC and FNM assume no obligation to update these statements.
FN Media Group, LLC