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Online Betting Companies Positioned to Continue Momentum into 2021

FN Media Group Presents Microsmallcap.com Market Commentary


News provided by

Microsmallcap.com

Jan 22, 2021, 08:45 ET

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NEW YORK, Jan. 22, 2021 /PRNewswire/ -- The numbers from 2020 are rolling in, and it's clear that it was a monster year for online betting across many different markets. It appears that there will continue to be a rise in availability of online betting opportunities, including the recent hints of NY Governor Andrew Cuomo for more betting in his state. Quick to adapt to the adjustment were a series of very competent online gaming developers who not only had big wins in 2020, but are looking to continue that momentum throughout 2021, including from Bragg Gaming Group (TSXV:BRAG) (OTCQX:BRGGF), Penn National Gaming (NASDAQ:PENN), Score Media and Gaming (TSX:SCR), Caesars Entertainment (NASDAQ:CZR), and MGM Resorts International (NYSE:MGM).

The momentum isn't restricted to North America, where several new markets opened up in 2020, but is also in the European Union, which is seeing its own online casino revolution—and is set to increase to nearly US$35.5 billion by 2022.

Seizing on the opportunity, Bragg Gaming Group (TSXV:BRAG) (OTCQX:BRGGF) has spent the last year rapidly expanding its footprint in the EU, recently announcing the launch of its wholly-owned subsidiary ORYX Gaming's entire remote gaming server (RGS) portfolio with leading global online sports betting and casino operator Betway—which is licensed for business in several prominent industry-related markets, including the UK, Malta, Italy, Denmark, Spain, Belgium, Germany, and Ireland.

"We're delighted to see our partnership with Betway go live and our titles are going to offer a new dimension of content to their players," said Matevz Mazij, Managing Director of ORYX Gaming. "Our RGS content has already been proven strong in Germany and beyond, and this partnership will further strengthen the reach and reputation for both our companies."

According to the deal, Betway can use ORYX's player engagement tools, including free spins, tournaments, and leaderboards, as well as data services available via ORYX Hub.

"Seeing the array of premium content from ORYX become available to our customers is the result of hard work and close collaboration," said Paul Adkins, Marketing and Operations Director at Betway. "It's great news for everyone involved and we're sure that it's the start of a relationship that will be a huge success."

Bragg had already established a German presence through a partnership with Greentube-owned brand StarGames to provide content through ORYX Gaming.

Prior to that, Bragg signed deals in other EU markets (including Nordic markets, Switzerland, and the Netherlands). Overall, the last 12 months represented a year of positive momentum for Bragg Gaming Group, including the reporting in Q3 2020 of an exceptional revenue growth of 72%.

Through its deal with Choice Hotels, Penn National Gaming (NASDAQ:PENN) will be adding 22 casino resorts to Choice's Ascend Collection brand, creating reciprocity between the two companies' loyalty programs. However, Penn saw a major shakeup recently with the stepping down of its CFO Dave Williams.

Casino operator Caesars Entertainment, Inc. (NASDAQ:CZR) made a splash into the online betting world in 2020, through a major $3.9 billion deal with UK sportsbook giant William Hill. Though costly, Caesars firmly signaled it's going to take online gambling seriously.

"We're looking at different activities and bolt-on acquisitions," said Caesar's CEO Itai Pazner to Reuters. "This [William Hill's European business] can definitely fall under that category."

As large as the William Hill deal was, MGM Resorts International (NYSE:MGM) is looking to make an even bigger $11 billion takeover of British betting and gambling company Ladbrokes, which used to be owned by the Hilton Group.

Yet despite its size, Ladbrokes' owner says MGM's takeover proposition undervalues the company.

MGM said the deal would further bolster the combined entity into a global gaming company with presence in both online and retail channels and end-to-end technology stack.

Up in Canada, Score Media and Gaming (TSX:SCR) looks to be coming into 2021 with its ambitions high. Now considering a listing on a US stock exchange, Score Media and Gaming saw its total gaming handle on its theScore Bet up 535% year-over-year. 

As we head into 2021, companies like Bragg Gaming Group continue to look for innovative ways to keep their momentum going strong.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. 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 Bragg Gaming Group

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
[email protected]
+1(561)325-8757

SOURCE Microsmallcap.com

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