Favorable Laws Assist Construct Momentum for the On-line Playing Market

NEW YORK, March 30, 2021 /PRNewswire/ — The popularity of online gambling has grown significantly in the United States. Now, laws and regulation are becoming more favorable for the service providers in this sector, and the pandemic has created the right environment for them to prosper. According to estimated data by the American Gaming Associating, gamblers placed USD 4.3 Billion in bets on Super Bowl LV, marking “the largest single-event legal handle in American sports betting history.” About 7.6 million people placed bets on the game through platforms like FanDuel and DraftKings, a 63% increase from 2020. According to a report by CBS News, Casey Clark, a Senior Vice President at the gaming association explained that “the pandemic had a lot to do with Americans not going to physical locations anymore… You weren’t going to in-person sporting events and you weren’t going to brick-and-mortar sportsbooks [where gamblers can wager on various competitions].” Trident Acquisitions Corp. (NASDAQ: TDAC), GAN Limited (NASDAQ: GAN), Alphabet Inc. (NASDAQ: GOOG), International Game Technology PLC (NYSE: IGT), Score Media and Gaming Inc. (NASDAQ: SCR) (TSX: SCR)

Sports betting is a major segment of online gambling. A report by the Chicago Sun-Times indicates that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak. As a result of the evident spike in demand, Morgan Stanley reported that it now projects that the domestic sports betting industry will reach revenues of about USD 7 Billion by 2025, a major increase from the USD 5 Billion projected in June 2018 and reiterated last December, Casino.org reports.

Trident Acquisitions Corp. (NASDAQ: TDAC) and Lottery.com, which entered into a definitive agreement with Trident Acquisitions Corp. on February 22, 2021, announced breaking news yesterday that, “it has entered into an agreement with Payday Lotteries Limited (“Payday”), a federally licensed Nigeran lottery operator, to offer U.S. lottery products in Nigeria. This agreement will allow consumers in Nigeria to purchase select U.S. lottery products in the country both physically and electronically, on the Internet and through their mobile devices.

‘I’m truly excited to announce our entry into the Nigerian market with our partnership with Payday Lotteries to offer genuine U.S. lottery games to a new and growing market,’ said Tony DiMatteo, co-founder and CEO of Lottery.com. ‘This continues our international expansion and highlights our commitment to our vision of being the premier global marketplace for games of chance.’

The agreement allows for Payday to offer a suite of U.S. lottery products in Nigeria supplied by Lottery.com. Payday is fully licensed by the relevant authorities in Nigeria. Payday intends to work closely with the regulators to ensure the exclusive nature of the distribution is respected. Following Nigeria, the parties plan on continuing their partnership to provide the same U.S. lottery products in neighboring West African countries.

Payday intends to leverage the significant expertise of its stakeholders across all verticals of the betting industry, both in English and French speaking Africa. Payday has made significant investments in bringing its advanced digital platform solutions to the forefront of international standards, offering enhanced reliability and connectivity with a view to becoming one of Africa’s leading operators. Nigeria, with a population of more than 200 million and close to 160 million mobile phone connections, features one of the largest markets on the continent.

Commenting on the agreement, Umoh Tom Umoh, Director of Payday Lotteries, stated: ‘We are delighted to be partnering with Lottery.com, a pioneer in the lottery industry. We are convinced that this strategic relationship with a leading brand, coupled with our technology and familiarity with the local market, will accelerate our efforts to become a top-tier player in Nigeria.’

On February 22, 2021, Lottery.com entered into a definitive agreement with Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) to become a publicly-traded company listed on The Nasdaq Stock Market.”

For our latest “Buzz on the Street” Show featuring Lottery.com recent corporate news, please head over to: https://www.youtube.com/watch?v=WkqcQSNKCEw

GAN Limited (NASDAQ: GAN) reported last year that it has signed a definitive purchase agreement to acquire Vincent Group p.l.c. (“Coolbet”) for a total consideration of approximately EUR 149 Million (subject to adjustment as provided in the Share Exchange Agreement). The acquisition is expected to close in the first quarter of 2021, subject to regulatory review and the satisfaction of certain closing conditions. GAN expects to fund the acquisition with new capital. Coolbet is an award-winning, Business-to-Consumer (“B2C”) iGaming operator, with a footprint in Northern Europe, Canada, and Latin America in real money iGaming and online sports betting. GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry.

Alphabet Inc. (NASDAQ: GOOG) Play Store policies will allow gambling and betting Android apps that use real money in 15 more countries, including the U.S. The Google Play Store indicated on March 1st that, “Subject to restrictions and compliance with all Google Play policies, we allow apps that enable or facilitate online gambling in the following countries in the table below as long as the Developer completes the application process for gambling apps being distributed on Play, is an approved governmental operator and/or is registered as a licensed operator with the appropriate governmental gambling authority in the specified country, and provides a valid operating license in the specified country for the type of online gambling product they want to offer.”

International Game Technology PLC (NYSE: IGT) announced last year that its leading PlaySports platform will power world-class retail sports betting at Maverick Gaming’s three Colorado-based casinos as well as interactive sports betting throughout Colorado via Play Maverick Sports. Through a multi-year agreement with Maverick Gaming, IGT will provide its proven PlaySports turnkey solution including user-friendly self-service PlaySports kiosks, to Grand Z Casino and Johnny Z’s Casino in Central City, Colo. and Z Casino in Black Hawk, Colo. The IGT PlaySports platform, complete with a fully integrated Player Account Management (PAM) solution, will also power Maverick Gaming’s “Play Maverick Sports” mobile sports wagering app.

Score Media and Gaming Inc. (NASDAQ: SCR) (TSX: SCR) reported back in December named the exclusive English language broadcast partner for the League of Legends’ Demacia Championship, a marquee annual event featuring 24 of China’s top esports teams. Live event coverage will run from December 20-27 and be streamed across theScore esports’ YouTube and Twitch channels. The Demacia Championship will be theScore esports’ first-ever live event broadcast, with production originating from their esports headquarters in Toronto. “We’re thrilled that TJ Sports identified theScore as the ideal partner to produce and distribute the Demacia Championship’s English language broadcast to fans worldwide,” said Aubrey Levy, Vice President of Content and Marketing, theScore. “We’ve found fantastic audience reception in our coverage of the Chinese League of Legends scene, and can’t wait to leverage our video production expertise and wide global reach to deliver an entertaining live event viewing experience for League fans.”

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia 

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz 

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz 

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/  

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For lottery.com. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by lottery.com. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

Media Contact:
[email protected]

SOURCE FinancialBuzz.com

Comments are closed.