Sports Betting Companies Are Uniquely Positioned For Expansion

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Feb. 8, 2021 /PRNewswire/ --  Legal breakthroughs across the United States and beyond are helping to bring the sports betting industry into the mainstream like never before. As legal restrictions to online sportsbooks come down, the industry has new opportunities to integrate betting into other pillars of the sports entertainment experience for increased visibility, accessibility, and convenience. Through partnerships and acquisitions, sports betting and entertainment companies like Real Luck Group Ltd, "Luckbox", (TSXV: LUCK), Fubotv Inc (NYSE: FUBO), Elys Game Technology Corp (NASDAQ: ELYS) (NEO: ELYS), Esports Entertainment Group Inc (NASDAQ: GMBL), and Score Media and Gaming (TSX: SCR) (OTCPK: TSCRF) are integrating betting with sports streaming platforms, sports news outlets, and more to give fans the most complete entertainment experience possible.

Luckbox is Building the Most Complete Sports Entertainment Experience

Real Luck Group Ltd, "Luckbox", (TSXV: LUCK) is working to build a complete esports and traditional sports betting experience by building a platform that lets users watch and bet on nearly any major event anywhere in the world. Luckbox is a fully licensed global esports betting platform that offers real-money betting pre-match and mid-game while also providing high-quality streaming of nearly every match.

Luckbox offers high-quality live streaming of 90 percent of esports matches featured on the platform, giving users a single destination to seamlessly place their bets and watch the action. Luckbox features more esports matches than almost any other esports betting platform in more than 80 countries. The Luckbox platform includes the 13 biggest esports titles going today and is easily able to quickly add new titles as they rise in the esports scene.

On February 3, Real Luck Group announced that the company would be adding traditional sports betting to the platform in partnership with EveryMatrix Ltd. Luckbox will be adding more than 105 traditional sports with around 85,000 pre-match events, 70,000 live events, and 450 types of bets each month.

"The timing of this announcement could not have been better as the Super Bowl, the largest sporting event in the United States and a top-five event globally, gets underway this week," Luckbox CEO Quentin Martin said in the company's release. "Our partnership with EveryMatrix allows us to roll out the functionality with the Australian Open tennis and rugby union's Six Nations on to the Luckbox platform following Super Bowl LV. Luckbox is a destination for esports betting, but we know most of our players also love traditional sports. This new functionality means they can bet on hugely popular sports such as soccer, basketball and hockey from the convenience of Luckbox - a single and secure platform that now integrates esports and traditional sports betting. On behalf of Luckbox, I want to thank EveryMatrix for helping us integrate traditional sports betting into the Luckbox platform."

Gaming Companies Expand into Sports Entertainment Ecosystem

Canadian sports media company Score Media was spun out in 2014 to create Score Media and Gaming (TSX:SCR) (OTC:TSCRF), which runs its flagship theScore sports media outlet, along with adjacent sports and esports betting platforms. In January this year, the company released its Q1 financial results, showing the company's best ever quarter for media revenue and exponential handle growth for its betting platform.

Sports-centric streaming platform FuboTV Inc (NYSE:FUBO) took its first step into the world of sports betting in December with the acquisition of Balto Sports. Balto Sports is a platform that develops tools for users to organize and play fantasy sports games and FuboTV says that it intends to combine Balto's technology with its own to launch a free-to-play gaming offering.

B2B and B2C Betting technology company Newgioco became Elys Game Technology Corp (NASDAQ:ELYS) (NEO:ELYS) this past summer and the company announced that it would be shifting its focus to the rapidly growing US sports betting market. On January 28, the company announced that it expects revenue growth of 26 percent for the fourth quarter of 2020.

In addition to facilitating online esports betting, Esports Entertainment Group Inc (NASDAQ:GMBL) runs a platform that lets its users participate in multi-player mobile, console, and PC esports tournaments online for cash prizes. The company has been busy at the start of 2021 acquiring assets to add to its esports offerings. On January 21, the company completed its acquisition of the Esports Gaming League. On January 25, the company finalized a binding agreement to acquire esports-related platforms Helix eSports and ggCircuit.

As jurisdictions continue to open up to online sports betting, there is growing opportunity for companies like Real Luck Group to integrate themselves into other parts of the sports entertainment experience, allowing them to become indispensable parts of the sports entertainment ecosystem.

For more information on Real Luck Group, "Luckbox", click here.

Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns Microcapwatch.com. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Real Luck Group Ltd

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS 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 MSC and FNM undertake no obligation to update such statements.

Media Contact:

FN Media Group, LLC
info@financialnewsmedia.com
+1(561)325-8757