On-line sports activities betting is being expanded to incorporate different conventional sports activities and sports activities

0
79

NEW YORK, February 17, 2021 / PRNewswire / – The rise of an entirely new form of sports entertainment has made sports the fastest growing segment of the sports betting industry. At the same time, the hype surrounding this year's Super Bowl has made it clear that traditional sports are still going strong, as is traditional sports betting. Companies that focus on sports betting are finding a great opportunity to seamlessly integrate the sport into their existing platforms, while new players who have previously focused on the sport are finding opportunities in traditional sports as well. Companies such as Real Luck Group Ltd., "Luckbox" (TSXV: LUCK), DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming (NASDAQ: PENN) bring esports and traditional sports betting together.

The most comprehensive platform for sports betting just got bigger

One of the youngest companies to bring esports and traditional sports betting together is Real Luck Group Ltd, "Luckbox" (TSXV: LUCK). Luckbox is a fully licensed sports betting and streaming platform with one of the most comprehensive sports coverage in the sports betting industry. The company's platform offers legal real money wagering before and during the game as well as live streams of 90% of the esports games offered on the platform. The company's service is active in more than 80 countries and offers more esports matches than almost any other esports betting platform. Luckbox was named a Rising Star at the 2020 EGR Operator Awards.

While the company established itself in the online betting space by focusing on sports, the fastest growing segment of the sports entertainment industry, Luckbox's platform was also built to seamlessly integrate traditional sports betting once the company decides it's ready is to branch out. On 3 FebruaryIn the run-up to Super Bowl LV, Luckbox announced that it is ready to take this step and is working with business-to-business software development company EveryMatrix Ltd to add the functionality. Luckbox will add more than 105 traditional sports to the platform, with 85,000 pre-match events, 70,000 live events per month and 450 types of bets.

"Our partnership with EveryMatrix allows us to bring functionality with the Six Nations of the Australian Open Tennis and Rugby Union to the Luckbox platform after the Super Bowl LV. Luckbox is a sports betting destination, but we know that most of our players also love traditional sports. With this new functionality, they can bet on hugely popular sports such as soccer, basketball and hockey from the comfort of Luckbox – a single, secure platform that now integrates esports and traditional sports betting, "said Luckbox CEO Quentin Martin said in the company's press release. "On behalf of Luckbox, I'd like to thank EveryMatrix for helping us bring traditional sports betting into the Luckbox platform."

Sports betting companies embrace the sport

Luckbox started the sport before it started the traditional sport, but some established traditional sports betting providers are doing the exact opposite as they recognize the dynamic behind the sport. Fantasy sports platform DraftKings Inc (NASDAQ: DKNG) has added a number of sports-related services over the past few years, including an announcement last March that the company will host daily fantasy sports events from Counter Strike: Global Offensive .

Legacy gaming giant Penn National Gaming (NASDAQ: PENN) took a big step into sports betting and fantasy sports last year with the acquisition of the sports media company Barstool Sports and the subsequent establishment of a sports betting platform under the Barstool brand. Penn Interactive, vice president of strategic marketing, said last May that the sport "will be a huge part of the future of gambling" after placing bets on the eNASCAR iRacing Pro Invitational Series.

Esports is the hottest segment in sports entertainment

In recent years, emerging tech companies have found massive opportunities by focusing on sports. Enthusiast Gaming (TSX: EGLX) (OTCQB: ENGMF) has built the largest gaming network in North America by managing esports media and live esports events while working with some of the largest esports teams in the world. Enthusiast now reaches an audience of 300 million monthly visitors with 4.2 billion monthly page views.

Esports company Skillz (NASDAQ: SKLZ) has been named by Forbes as one of the Next Billion Dollar Startups and One of the Fastest Growing Companies in America for being a leading platform for hosting casual esports tournaments for real cash prizes had built. On February 4thThe company announced that it has signed a multi-year game deal with the National Football League to host NFL esports events for mobile devices, starting with a global challenge for game developers.

Esports has quickly become an important part of the overall sports entertainment landscape, and companies like Real Luck Group are maximizing their user base by combining esports with the traditional sports entertainment experience.

Click here to learn more about the Real Luck Group "Luckbox".

Disclaimer: Microsmallcap.com (MSC) is the source of the article and content listed above. MSC owns Streetsignals.com. 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 that 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 from MSC, an unaffiliated third party who is distributing this press release on behalf of Real Luck Group Ltd.

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.

Media contact:

FN Media Group, LLC
(Email protected)
+1(561)325-8757

SOURCE Microsmallcap.com