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Shifting Attitudes Changing the Online Casino Gaming and Sports Betting Landscape


News provided by

USA News Group

11 Mar, 2021, 14:00 GMT

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FN Media Group Presents USA News Group News Commentary

VANCOUVER, British Columbia, March 11, 2021 /PRNewswire/ -- USA News Group - No longer a taboo industry, digital casinos and gambling markets are expected to grow by $82.09 billion between 2020-2024 according to a new research report from Technavio. Much of the growth is coming from the online market, as witnessed by the UK Gambling Commission, while the overall attitude towards gambling is shifting even with the typically family-friendly Walt Disney Company (NYSE:DIS). Through its wholly-owned subsidiary, ESPN, Disney signed a multi-year partnership with Caesars Entertainment Inc. (CZR) to provide sports betting services. However, behind the scenes of this online casino and gaming revolution are innovators such as Playgon Games Inc. (TSX.V:DEAL) (OTCQB:PLGNF) (FSE:7CR), Scientific Games Corporation (NASDAQ:SGMS), and DraftKings Inc. (NASDAQ:DKNG).

One innovation that's been quickly taking online casinos by storm is the Live Dealer option, which provides players with a genuine and authentic experience they'd normally only find in places like Las Vegas, Malta, or Macau.

Based out of a state-of-the-art studio in Las Vegas, Playgon Games Inc. (TSX.V:DEAL) (OTCQB:PLGNF) (FSE:7CR) is quickly becoming recognized in the Live Dealer space. Demand for their Live Dealer offerings is so high, the company announced it would double its studio's table capacity.

Most recently, Playgon signed a distribution deal with a subsidiary of the Malta-based Glitnor Group, SWINTT Malta Ltd, which has an extensive presence in Europe and Asia.

"[SWINTT] are an experienced management group in our industry with a significant and rapidly growing presence in several countries across Europe," said Darcy Krogh CEO at Playgon. "This relationship will see us greatly expand the reach of our Live Dealer product and we look forward to introducing our games to their wide base of customers."

This Software Licensing & Distribution Agreement grants SWINTT the rights to license and market Playgon's proprietary mobile first Live Dealer and E-Table Casino Games to its iGaming clients.

"Live dealer is a staple need for our growing client base at Swintt. Playgon's mobile-first approach and unique offering is well aligned with our strategy to bring innovative content to the market," said David Mann, Chief Commercial Officer for Swintt. "As we launch our live dealer offering under the SwinttLive® brand in the coming weeks, I am certain it's addition will be a huge success."

The SWINTT deal comes on the heels of Playgon's soft launch of its proprietary Tiger Bonus Baccarat game, in anticipation of a more significant Asian market presence.

"Baccarat is the world's biggest casino table game by the sheer amount wagered. I have seen baccarat grow considerably over the last 15 years. Asian high rollers have made baccarat their game of choice," states Guido Ganschow President of Playgon Interactive. "With our mobile first approach and the unique gameplay of Tiger Bonus Baccarat we have found a perfect mix between convention and innovation that is vital to gain traction with Asian players.

Thanks to the influx of players in markets like Macau, Baccarat is one of the most profitable games in the world. R in Macau  over the course of a decade grew from US$3.19 billion in 2009  to US$15.13 billion in 2019.

Along with its Live Dealer options, Playgon Games Inc. also offers operators an option to  enter into the sports gambling scene, through its Daily Fantasy Sports platform.

Leading the way in sports betting is DraftKings Inc. (NASDAQ:DKNG), which is reaping the benefits of record sports betting in markets such as New Jersey.

"While we caution investors from extrapolating from single data points like this one, NJ's gross gaming revenue (GGR) data is significant as many investors base their online gaming TAM estimates on the latest GGR per capita numbers reported by the state," wrote Loop Capital Markets analyst Daniel Adam, referring to the TAM, or a total addressable market. He argued that the data reinforces his view that DraftKings "should emerge the clear share leader in the U.S."

Among DraftKings' competitors, FanDuel recently launched a Global Sportsbook Platform, that's set to be powered by Scientific Games Corporation's (NASDAQ:SGMS) OpenSports Technology in West Virginia.

While FanDuel's Sportsbook has been live online in West Virginia since 2019, the company debuted its new global sportsbook solution developed in partnership with Scientific Games, that utilizes Scientific Games' OpenBet betting engine from its OpenSports platform.

The Walt Disney Company (NYSE:DIS) may have shocked some of its followers, thwarting a previous statement by its chairman Bob Iger when the company acquired 21st Century Fox in March of 2019, when he said: Getting into the business of gambling, I rather doubt it."

Almost two years later, that sentiment was far back in the rear view mirror, as Disney's subsidiary ESPN signed a partnership deal with Caesars Entertainment Inc. (CZR) to create sports betting content on its platforms.

Something needed to give, as subscriptions of ESPN's legacy networks have slumped through cable cancelations and COVID-19 hysteria. Tying in streaming and gambling is designed to help offset ESPN's losses. Disney executives believe the global online gambling market is expected to balloon to a $90.36 billion industry in 2024, growing at a CAGR of 11.5% along the way.

Caesars Entertainment recently completed its $3.69 billion takeover of British bookmaker William Hill—which was seen as a bold move to secure the brain trust of William Hill's globally successful sports betting empire.

"We continue to work towards satisfying the remaining regulatory conditions and look forward to completing the transaction next year and integrating William Hill US into our Caesars sports betting and iGaming franchise," said Caesars CEO Tom Reeg.

For more info, please visit: https://usanewsgroup.com/2020/10/08/gamers-can-hold-the-live-las-vegas-experience-in-the-palm-of-their-hands/ 

Article Source: 

USA News Group
http://USAnewsgroup.com
info@usanewsgroup.com

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Playgon Games Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Playgon Games Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Playgon Games Inc. which were purchased in the open market. MIQ will not buy or sell shares of Playgon Games Inc. for a minimum of 72 hours from the publication date on this website February 5, 2021, but reserve the right to buy and sell, and will buy and sell shares of Playgon Games Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell commencing immediately, and we also reserve the right to buy shares of the company in the open market, or through private placements and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to 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," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude 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 risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:  
editor@financialnewsmedia.com 
U.S. Phone: +1(954)345-0611

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