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Increasingly Favorable Conditions Help Spur the Growth of Online Gambling Platforms


News provided by

FinancialBuzz.com

03 May, 2021, 13:00 GMT

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- FinancialBuzz.com News Commentary

NEW YORK, May 3, 2021 /PRNewswire/ -- The number of states which are launching online betting businesses continues to grow as the legal infrastructure and public opinion have turned in favor of such services. For example, according to a report by Hartford Courant, a rewrite of gambling law in Connecticut, agreed to by Gov. Ned Lamont and the two tribal casinos, passed its first test in the General Assembly. The increasingly friendly attitude towards such services can be explained by their high demand and potential for tax revenue. For instance, online gambling and online sports betting brought in USD 42.7 Million in gross receipts during the first 10 days of legal play in Michigan, state regulators recently announced. FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), Skillz Inc. (NYSE: SKLZ), International Game Technology PLC (NYSE: IGT), Alphabet Inc. (NASDAQ: GOOG), DraftKings Inc. (NASDAQ: DKNG)

To illustrate just how popular online sports betting is in states where the market can already operate, 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 the resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak.

FansUnite Entertainment Inc. (OTCQB: FUNFF) (CSE: FANS) just announced breaking news, "that it has been shortlisted for the 2021 EGR North America Awards' Full-Service Platform Provider and Sportsbook Platform Provider Awards.

Considered the gold standard in the industry, the EGR Awards recognize and reward the top suppliers and operators in the fast-growing North American online gaming market. The recipients of the EGR awards will be selected based on their achievements in advancing the gaming industry across various verticals.

In the 'full-service platform provider' category, FansUnite has been nominated as one of two finalists alongside GAN Limited, one of the largest U.S. iGaming solutions. In the 'sportsbook platform provider' category, the Company will be competing against prominent online gambling companies such as IGT PlaySports, Kambi and Scientific Games for the award.

'Widely regarded as one of the premier gaming awards in North America, the EGR Awards celebrates the accomplishments of leading gaming companies in North America,' said Scott Burton, CEO of FansUnite. 'Given the growing demand for online gambling, our committed team remains focused on our vision of providing innovative B2B software while enabling growth across our entire ecosystem of assets. We are proud to see that our efforts are being recognized for the second straight year at the EGR Awards alongside well-established North American operators who are collectively improving, innovating, and leading the global gaming market.'

The full listing of companies nominated can be viewed here:

https://www.egrnorthamericaawards.com/page/1807846/2021-shortlist-

The winners will be announced at EGR's virtual awards ceremony on May 26, 2021.

FansUnite today also announced that it has retained KCSA Strategic Communications ("KCSA"), a leading New York City-based communications firm. KCSA and the Company's management team will create a comprehensive, strategic communications program to lead the Company's public and investor relations programs. For its services, KCSA will receive US$15,000 per month. The term of the engagement will initially be six months and then ongoing on a month-to-month basis with the Company's right to terminate on 30 days' notice."

For our latest "Buzz on the Street" Show featuring FansUnite Entertainment Inc. recent corporate news, please head over to: https://www.youtube.com/watch?v=QAmL3Nw6ulY

Skillz Inc. (NYSE: SKLZ) reported earlier this year that it is teaming up with the National Football League (NFL). As part of the agreement, the two sports organizations will host a global game developer challenge. Competing developers will have the opportunity to develop an NFL-themed mobile game. The game will be powered by the Skillz esports platform and will have joint marketing support from both the NFL and Skillz. The combination of the NFL brand and the Skillz platform will set the stage for the future of electronic sports competition. "The NFL is an iconic brand that is synonymous with American sports, and Skillz is thrilled to help power their esports competitions on mobile," said Andrew Paradise, CEO and founder of Skillz.

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.

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."

DraftKings Inc. (NASDAQ: DKNG) announced earlier this year that it had reached an agreement with the National Football League (NFL) to expand their current daily fantasy sports (DFS) and content partnership to Canada. Previously, the landmark marketing and content deal between DraftKings and the NFL was limited to the United States. Today's announcement of an expanded deal further deepens the relationship between the two organizations and enhances the DFS fan experience in Canada as the NFL season approaches the Super Bowl. "The relationship we share with the NFL is important for DraftKings to provide customers a great experience," said Ezra Kucharz, Chief Business Officer at DraftKings. "This expanded agreement gives us a unique opportunity in the Canadian market, and we look forward to working with the team at the NFL Canada as we continue to shape the modern fan experience."

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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 fansunite entertainment inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. 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.

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