Author: Newsdesk

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S&P/Experian Consumer Credit Default Indices Show Lower Composite Rate In October 2020

Bank Card Default Rate Lower for Fifth Consecutive Month

PR Newswire

NEW YORK, Nov. 17, 2020 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through October 2020 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was down 10 basis points to 0.53%. The bank card default rate fell 20 basis points to 2.80%. The auto loan default rate rose three basis points to 0.59% and the first mortgage default rate was 11 basis points lower at 0.35%.

All five major metropolitan statistical areas (“MSAs”) showed lower default rates compared to last month. Miami showed the largest decrease, down 67 basis points to 1.13%. New York was 30 basis points lower at 0.58%, while Los Angeles fell 18 basis points to 0.53%. The rate for Chicago dropped seven basis points to 0.58% while Dallas was one basis point lower at 0.61%.

The table below summarizes the October 2020 results for the S&P/Experian Consumer Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.


National Indices

 


Index


October 2020
 Index Level


September 2020
 Index Level


October 2019
 Index Level

Composite

0.53

0.63

0.93

First Mortgage

0.35

0.46

0.77

Bank Card

2.80

3.00

2.88

Auto Loans

0.59

0.56

1.03

Source: S&P/Experian Consumer Credit Default Indices

Data through October 2020

The table below provides the index levels for the five major MSAs tracked by the S&P/Experian Consumer Credit Default Indices.

 


MSA


October 2020
 Index Level


September 2020
 Index Level


October 2019
 Index Level

New York

0.58

0.88

1.07

Chicago

0.58

0.65

1.17

Dallas

0.61

0.62

0.97

Los Angeles

0.53

0.71

0.65

Miami

1.13

1.80

1.31

Source: S&P/Experian Consumer Credit Default Indices

Data through October 2020

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

ABOUT THE S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET. They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien. The Indices are calculated based on data extracted from Experian’s consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian every month. Experian’s base of data contributors includes leading banks and mortgage companies, and covers approximately $11 trillion in outstanding loans sourced from 11,500 lenders.

For more information, please visit: www.spindices.com/indices/indicators/sp-experian-consumer-credit-default-composite-index.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com.

ABOUT EXPERIAN

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 17,800 people operating across 45 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

FOR MORE INFORMATION:


Ray McConville

North America Communications 
New York, USA
(+1) 212 438 1678
[email protected]


Annie Russell

Experian Public Relations
(+1) 714 830 7927
[email protected]

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SOURCE S&P Dow Jones Indices

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ioneer Joins major US Industry Organisation Advocating for Zero Emission Transportation by 2030

PR Newswire

RENO, Nev. and SYDNEY, Nov. 17, 2020 /PRNewswire/ —

Highlights:

  • ioneer becomes founding member of new Zero Emission Transportation Association (ZETA) in the US.
  • ZETA is advocating for 100% electric vehicle (EV) sales throughout the light-, medium-, and heavy-duty sectors by 2030.
  • ioneer is one of the earliest members of ZETA, which now includes 28 companies including US majors Tesla, ChargePoint, Uber and Duke Energy.
  • ioneer is one of two ASX-listed member companies.
  • ioneer’s Rhyolite Ridge Lithium-Boron Project is the most advanced lithium project in the United States. Lithium is a key component in electric vehicle batteries.
  • ZETA is the first industry-backed coalition in the US advocating for the full adoption of electric vehicles by 2030.

ioneer Ltd (ioneer or the Company) (ASX: INR), an emerging US lithium–boron producer, today announced that it has joined a group of 28 companies to launch the Zero Emission Transportation Association (ZETA), an organisation dedicated to achieving 100% electric vehicle (EV) sales in the United States by 2030.

ZETA is the first coalition of its kind in the US that brings together industry leaders, advocates and non-governmental organisations across the transportation, clean energy and technology sectors to drive policy changes that accelerate electric vehicle adoption.

ioneer was one of the first companies to become a ZETA member. In its goal to promote a sustainable future, ioneer joins ZETA alongside major American companies and pioneers such as Tesla, ChargePoint, Uber, and Duke Energy (see full member list below).

Ioneer owns the Rhyolite Ridge Lithium-Boron Project in Nevada, US. Lithium is an irreplaceable component in lithium-ion batteries, which are essential to EVs, green energy storage systems and other emissions reducing technologies. It is used specifically in the production of battery cathode materials for EVs and is listed as a “critical mineral” by the US Federal Government.

ioneer’s Managing Director, Bernard Rowe, said:

“ioneer’s mission is to support a sustainable, lower carbon future through the responsible production of lithium carbonate, lithium hydroxide and boric acid, which are vital materials to reducing greenhouse gas emissions and creating a globally sustainable future. We view a global shift to electric vehicles as central to our mission. As the most developed lithium project in the United States, not only are we excited to be working closely with fellow leaders across the automotive supply chain, we understand the importance of ensuring US national policy supports a greener future.” 

Through ZETA, member organisations will seek to educate the public on the climate benefits of electrification and advocate for policies that accelerate the transition to zero emissions vehicles. ZETA expects that these policy changes will create hundreds of thousands of new jobs, secure American global EV manufacturing leadership, dramatically improve public health and significantly reduce carbon pollution.

ZETA’s first task will be to advocate for change in five key policy areas:

  1. Outcome-driven consumer EV incentives;
  2. Emissions / performance standards enabling full electrification by 2030;
  3. Infrastructure investments;
  4. Domestic manufacturing across the EV supply chain, from critical minerals to vehicles; and
  5. Federal leadership and cooperation with sub-national entities.

Learn more at zeta2030.org.  

This ASX release has been authorised by ioneer Managing Director Bernard Rowe.

 

CONTACTS:


Bernard Rowe


Jane Munday / Megan Moore


Grace Altman


Joe Britton


ioneer Ltd


FTI Consulting


FTI Consulting


ZETA

Managing Director

Investor & Media Relations (Australia)

Investor & Media Relations (USA)

Executive Director

T: +61 419 447 280

T: +61 488 400 248 / +61 434 225 643

T: +1 917 208 9352

 

T: 703-328-8016



[email protected]
 



[email protected]
  [email protected]



[email protected]



[email protected]
 

 

ABOUT IONEER

ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS)1 completed in April 2020 confirmed Rhyolite Ridge as a world-class Lithium and Boron Project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future.

ABOUT ZETA

ZETA brings together those who support meeting the goal of 100% electric vehicle sales by 2030. This diverse non-partisan group coordinates public education efforts and US Federal policy development to promote EV adoption with the goal of creating American electric vehicle manufacturing jobs, better serving consumers, improving air quality and public health, and significantly reducing carbon pollution.

1. ABB Inc.

15. Lucid Motors

2. Albemarle

16. Piedmont Lithium

3. Arrival

17. PG&E Corporation

4. Charge Point

18. Proterra

5. ConEdison

19. Redwood Materials

6. Copper Development Association

20. Rivian

7. Duke Energy

21. Siemens

8. Edison International

22. Southern Company

9. Enel X

23. SRP

10. EVBox

24. Tesla

11. EVgo

25. Vistra

12. ioneer

26. Volta

13. Li-Cycle

27. Uber

14. Lordstown Motor Company

28. WAVE

1 Refer ASX release titled ‘ioneer Delivers Definitive Feasibility Study that Confirms Rhyolite Ridge as a World-Class Lithium and Boron Project’ announced 30 April 2020.

Cision View original content:http://www.prnewswire.com/news-releases/ioneer-joins-major-us-industry-organisation-advocating-for-zero-emission-transportation-by-2030-301175036.html

SOURCE ioneer

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GetHealthKarma.com Now Launched by MediXall Group

Fort Lauderdale, FL, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — MediXall Group, Inc. (OTCQB: MDXL), a consumer-focused digital health company, today announced the launch of Health Karma – a comprehensive new tool to enable consumers to easily navigate their health and wellness experience. Designed over several years of listening to the needs of individuals and developed to put the individual at the center, Health Karma offers support that revolves around the unique needs of each person when they’re either sick or healthy, when and how they need it most. 

Consumer feedback from extensive user testing over several years has revealed consumer confusion and lack of understanding with respect to how much healthcare services will cost, which doctors consumers should choose, what procedures or prescriptions may be required, and a general inability to make informed decisions about care because there is no single source or repository of information. The following are the most the most common pain points we identified from user feedback:

  •  What will insurance cover? Consumers aren’t sure about the network status of their doctors, which conflicts with the need to see an in-network doctor to avoid very expensive medical bills.
  •  How much will insurance pay? Consumers do not know or understand their health plan coverage details and have trouble determining if it will cover everything, up to a specific limit or nothing until a deductible is met.
  •  What are the out-of-pocket costs? Lack of understanding if their health insurance requires them to pay a portion of charges out of their own pocket.
  •  Know what you owe. Many times, consumers are surprised by how much is owed for services due to their lack of understanding about how much is owed for medical services and if the amount is a fair price.
  •  Will you have the money you need? Consumers feel financial and emotional pressure when it comes to making sure they have money available to pay for services.


Aligned with the feedback gathered during the beta launch, Health Karma gives consumers a 360-degree view of their personal health with the educational tips, tools, and guidance needed to make informed decisions based on their personal health needs. Health Karma shifts peoples’ approach to care from reactive to proactive, enabling them to make smarter and faster decisions and manage their healthcare anywhere, anytime, whether they have insurance or not. 

With Health Karma, users can:

  •  Talk to a Doctor Virtually, 24/7/365
  •  Find a Healthcare Provider or Facility
  •  Track and Review Current Plan Usage – All in Real-Time
  •  Estimate Out-of-pocket Costs
  •  Find Rx Savings
  •  Access & Send Medical Records
  •  Get Immediate Help with Customer Support and Get Questions Answered 

In announcing this launch, Michael Swartz, President of Health Karma, a division of MediXall Group said, “As the number of Americans with high-deductible health plans continue to increase, consumers are assuming more responsibility for their health care costs, and they need accurate and easy-to-navigate tools to help them make the right decisions for their care. Unfortunately, the health care consumer has been forced to use one-off tools that are often inaccurate or hard to navigate. That is why we built Health Karma to offer an integrated experience that empowers them with the right information at the right time, enabling them to make the best decisions along their healthcare journey.” 

To learn more about Health Karma or to sign up for a Health Karma account, please visit www.gethealthkarma.com. 

About MediXall Group, Inc.

MediXall Group, Inc. (OTCQB: MDXL) is a technology and innovation-driven organization purposefully designed and structured around delivering products and services to make it easier for consumers to learn, decide and pay for healthcare, without intruding on the important relationship with trusted doctors. The mission of the MediXall Group is to revolutionize the medical industry by improving communication; providing better technology and support services; and enabling more efficient, cost-effective healthcare for the consumer. By approaching the healthcare ecosystem as a whole, MediXall creates, invests and incubates companies that embody its mission statement. For more information, please visit www.medixallgroup.com or call 954-908-3481.

About Health Karma

Health Karma is the technology company that brings price transparency and choice to healthcare, eliminating financial surprises and empowering people to make more informed decisions – with or without health insurance. Powered by a comprehensive database that includes over 1 million doctors in America & connected to thousands of health insurance policies nationwide, Health Karma makes health care & benefits easy to understand and use throughout your entire health journey – From choosing a doctor and managing bills to understanding their benefits and tracking the progress toward meeting their deductible and out-of-pocket maximum, consumers can manage their healthcare anywhere, anytime, whether they have insurance or not. For more information, please visit www.gethealthkarma.com. 

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company’s ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward-looking statements. A more extensive listing of risks and factors that may affect the Company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Rebecca Larger

786-886-4681

[email protected]



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Rosen Law Firm Announces Investigation of Securities Claims Against Yalla Group Limited – YALA

Rosen Law Firm Announces Investigation of Securities Claims Against Yalla Group Limited – YALA

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Yalla Group Limited (NYSE: YALA) resulting from allegations that Yalla may have issued materially misleading business information to the investing public.

On or around September 30, 2020, Yalla conducted its initial public offering (“IPO”), issuing 18.6 million American depositary shares (“ADSs”) priced at $7.50 per ADS. Then, on November 9, 2020, post-market, Yalla issued a press release announcing its unaudited financial results for the third quarter of 2020. Among other results, Yalla reported GAAP EPS of -$0.43, and costs and expenses of “$US64.7 million . . . compared with US$8.6 million in the same period last year.” Yalla stated that “[t]he increase was primarily due to the recognition of share-based compensation of US$46.5 million upon our listing on the New York Stock Exchange on September 30, 2020. We granted a substantial amount of share options before the IPO but did not recognize any share-based compensation in prior periods because the exercisability of the options granted was conditional upon the completion of our IPO. Upon our listing on the NYSE, we immediately recognized a substantial amount of share-based compensation expenses associated with all outstanding options that were vested as of September 30, 2020.”

On this news, Yalla’s ADS price fell $2.01 per ADS, or 17.43%, to close at $9.52 per ADS on November 10, 2020.

Rosen Law Firm is preparing a securities lawsuit on behalf of Yalla shareholders. If you purchased securities of Yalla please visit the firm’s website at http://www.rosenlegal.com/cases-register-1987.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Gremlin Soundproofs Kubernetes by Helping DevOps Teams Isolate Noisy Neighbors Within a Cluster

55% of Gremlin customers run Chaos Engineering experiments on Kubernetes to mitigate failure and optimize performance

San Jose, CA, Nov. 17, 2020 (GLOBE NEWSWIRE) — Gremlin, a platform for safely and securely running Chaos Engineering experiments, today announced new features to “soundproof” Kubernetes and help engineers prevent noisy neighbors in a cluster. The idea of sharing resources across machines is not new or unique to Kubernetes; however, given the highly dynamic and ephemeral nature of containers orchestrated by Kubernetes, which can host dozens of apps and hundreds of services across a single cluster, sharing resources and security permissions is an even larger concern.

According to recent Kubernetes Adoption Research, 59% of large organizations use Kubernetes in production, which mirrors the distribution of companies running chaos attacks on the Gremlin platform. Gartner predicts in their CTO’s Guide to Containers and Kubernetes that “by 2025, more than 85% of global organizations will be running containerized applications in production, which is a significant increase from fewer than 35% in 2019.”

Besides being highly flexible and scalable, Kubernetes adoption is driven by resource efficiency: containers have a smaller resource footprint, which enables a much higher tenant density on a host, thereby increasing infrastructure utilization. But that density and utilization of resources adds to the “noisy neighbor” problem, where one scaling or problematic service can impact another on the same node within a cluster. Without doing proactive testing, it’s difficult to know how a system handles a noisy neighbor in production, unless there is a spike in demand on a single service, at which point it’s too late and customers already feel the impact.

“Kubernetes is becoming the default way to build and operate applications at many enterprises, but along with the advantage of abstraction comes uncertainty,” said Lorne Kligerman, Sr Director of Product at Gremlin. “We’re providing DevOps teams with better tooling to understand how their Kubernetes applications will behave under various stresses, such as when a neighboring container is spiking with traffic.”

The noisy neighbor problem also introduces security concerns. Performing chaos experiments in multi-tenant environments requires fine-grained controls. Ideally, individuals and teams are limited to the namespaces where they should be performing attacks. Using namespace access control ensures that only team members with correct permissions will have access to specific Kubernetes objects, versus all objects in the cluster. This is crucial to ensuring the Chaos Engineering work an engineer is doing isn’t negatively impacting neighboring services.

Highlights

  • Test individual pod scaling and Kubernetes resource limits to prevent “noisy neighbors” taking down your application
  • Easily target specific Kubernetes objects to test how they handle spikes in usage without impacting the entire application 
  • Securely allow testing Kubernetes in shared cluster environments

Running targeted experiments on Kubernetes infrastructure via Gremlin’s intuitive user-interface helps SRE and DevOps teams simulate real-world failures that are unpredictable, difficult to replicate, and cause downtime if they happen in production. Engineers can specify exactly which Kubernetes objects they’d like to test, and simulate CPU spikes or servers shutting down, without affecting the entire cluster and ultimately giving them more confidence in the resiliency of their environments.

“Gremlin makes Chaos Engineering easy and seamless,” said Chaitanya Krant, Engineering Manager at National Australia Bank. “For us, it’s cut down the amount of time involved in designing and executing the chaos experiments, particularly for our Microservices and Kubernetes.”

About Gremlin
Gremlin is the world’s first hosted Chaos Engineering service with a mission to help build a more reliable internet. It turns failure into resilience by offering engineers tooling to safely experiment on complex systems, in order to identify weaknesses before they impact customers and cause revenue loss. Investors include Amplify Partners, Index Ventures, and Redpoint VC. Key customers include GrubHub, HEB, JPMorgan, Mailchimp, Target, Twilio, Under Armour, and Walmart.



Adam LaGreca
10KMedia
[email protected]

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CEO’s of FUBO, SE, GAN, FANS, Discuss New Growth Opportunities in E-Sports, Online Sports Wagering and Casinos

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Sea Limited (NYSE: SE) FansUnite (OTC: FUNFF) (CSE: FANS) fuboTV (NYSE: FUBO) GAN Limited (NASDAQ: GAN) .

Accelerating digital transformation is driving new revenue growth opportunities in E-Sports, Online Casinos and Sports Wagering. Wall Street Reporter highlights the latest comments from industry thought leaders:

fuboTV (NYSE: FUBO) CEO David Gandler: ”At Intersection of Sports Streaming and Wagering”

“…From an execution standpoint, Q3 was by far the strongest quarter in the company’s history. Our results have exceeded previously raised guidance with solid growth across every KPI we track. Revenues were up 47% to $61 million. That’s well ahead of the guidance range we provided of $52 million to $55 million. …Paid subscribers at quarter end totaled 455,000, and that’s 58% above the 288,000 last year. Net additions came in at 167,000. That’s up almost 100% year-over-year…FUBO sits firmly at the intersection of 3 megatrends: The first is the secular decline of traditional television viewership; the second is the shift of TV ad dollars to connected devices; and the third is online sports wagering, a market we absolutely intend to enter. Our growth opportunities are numerous, and there are great many reasons for us to be optimistic given the optionality in the business…”

“We’re super excited about wagering. I would say that we’ve already started executing on our strategy. And at the appropriate time, we’ll provide more details. But the way we think about wagering is we look at it from a 3-bucket perspective: we have an acquisitions advantage, we have an engagement advantage and we have a monetization advantage. For acquisitions, you should think of it that we’re starting with 500,000 paying subscribers. And what you’ve heard from our ability to sell attachments this quarter, we think that we’re going to be able to also sell in a lot of wagering opportunities. Number two was on the engagement front. We have over 50,000 sporting events on the platform, and we’re getting people to watch over 120 hours per month. So there are going to be ample opportunities for us to really sort of drive that forward. And then I think the third piece is the monetization advantage. Obviously, getting players to play is important. But think about the value from a retention perspective, getting people to churn out less and also from a monetization perspective in terms of advertising sales. So we feel like we have everything that we need to sort of build a sizable business around this, and we’re already executing on that strategy.”

fuboTV (NYSE: FUBO) Q3 2020 Earnings Highlights:


https://bit.ly/2HcPk0I

David Gandler CEO Interview:


https://bit.ly/38SlrOr

FansUnite (OTC: FUNFF) (CSE: FANS) “Positioned for Exponential Revenue Growth in iGaming, E-sports, Online Sports Betting”

In a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton explained how the company’s latest distribution deal with an online casino games aggregator, sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve – while adding multiple aggregators for each game – reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF – per online casino – and the potential to be in hundreds of online casinos – these numbers can quickly add up. Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK livestream: https://bit.ly/37O1RlX

November 19 – FUNFF will be presenting at Wall Street Reporter’s “NEXT SUPER STOCK” livestream event. Click here to join:


https://bit.ly/2PX0SpH

Nov 5 – FUNFF’s wholly-owned UK Sportsbook McBookie achieves record 433% increase in revenue and 713% increase in gross margin in October 2020 compared to October 2019. Much of the growth was attributed to the unveiling of McBookie’s live casino games and increased activity in sports betting which resulted in $7.3M in total betting volume being placed during the month

Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK livestream:


https://bit.ly/37O1RlX

November 19 – FUNFF will be presenting at Wall Street Reporter’s “NEXT SUPER STOCK” livestream event. Click here to join:


https://bit.ly/2PX0SpH

GAN Limited (NASDAQ: GAN) CEO Dermot Smurfit: “
On Path To $100 Million Revenue with Online Sports Betting and Casinos”

“..While both the consumer attention and client demand remains focused on sports betting, the real core of the U.S. internet gambling profit opportunity lies inherently within the online casino, which is only unlocked by the mass market appeal of sports betting being a technical and operational capability, we will shortly possess…”

“When you combine online casino gaming with internet poker, and of course, internet sports betting, New Jersey generated in excess of $132 million of gross operating revenue in that single state in the single month of October. This amount would have seemed implausible just two years ago. New Jersey is now on a path where internet gambling revenues could be on a monthly run rate to exceed pre-COVID retail gaming revenues by the end of 2022. I’ll state this again, because it is incredibly important for everyone to understand the magnitude of the structural shift in the retail casino industry. New Jersey’s internet gambling market is on a growth path to exceed pre-COVID monthly retail casino gaming revenues within 18 months, possibly less. This all points to bright line a truth that COVID combined with the advent of internet sports betting and the associated strong cross-sell of sports gamblers into online casino gaming has manifestly altered expected future growth opportunities in this industry for decades to come…Our continuing mission is to bring retail casinos online with our technology platform focused principally on delivering all forms of internet gambling content, including casino gaming and sports betting.”

“‘…The largest event in 2020 for shareholders appears not to be an admission to trading on NASDAQ, but the inflection point represented by or now announced acquisition of Coolbet with regulated operations in both Europe and Latin America…This acquisition accelerates our previously announced pathway to $100 million in topline revenues. It unlocks the shareholder value opportunity to become a B2B sports betting provider in the U.S. and provides us with a fast growing internal — international strategy, which is entirely incremental to our existing international market activity in Italy.”

GAN Limited (NASDAQ: GAN) Q3 2020 Earnings Highlights:


https://bit.ly/32QlM0m

Sea Limited (NYSE: SE) Forrest Li, Chairman and Group CEO:
“Digital Entertainment a Key Pillar of Growth”

“…Garena had another excellent quarter and achieved several historical highs. We reached more people than ever before, with close to 0.5 billion active users around the globe playing Garena games during the quarter. That represents an increase of 61% year-on-year…Our quarterly paying user number grew at a very strong rate of 91% year-on-year to reach 49.9 million…As a result of this strong user and paying user growth, adjusted revenue for the quarter reached $716.2 million, up 62% year-on-year. Our adjusted EBITDA margin also reached a new record high of 61%…”

“We are also partnering with other global IP holders to create memorable content experiences for our users…In July, we announced a partnership with Netflix for a special in-game crossover with its global hit show, Money Heist. For this, we have worked with Netflix to create a Money Heist-themed in-game takeover, which is expected to be launched in September. Users will be able to enjoy a new game mode inspired by the plot of Money Heist and can purchase virtual skins modelled after the iconic outfits in the TV series.”

“To further enhance user engagement, we have successfully migrated our esports activity online over the last few months. For example, in recent months, we held large scale esports events in both Asia and Latin America. In June, we held the Free Fire Asia all-stars event, featuring both professional players and popular online influencers from India, Indonesia, Thailand, and Vietnam competing across several tournaments. In early August, we hosted an online esports event in Latin America called Free Fire Gigantes, featuring the top teams from our pro leagues on the Brazil and Latin America servers…We continue to see strong momentum in user engagement entering into the third quarter even as many of our markets eased their restrictions on movement recently. In fact, in July, Garena hit a new record high in monthly adjusted revenue. Free Fire also hit a new record in monthly paying users in the same month, which more than doubled year-on-year…Looking ahead, we remain fully focused on bringing innovative content and enjoyable experiences to our users. We are confident that high quality and highly engaging content will strengthen their engagement and affinity with our games. This will continue to be the key driver of Garena’s long-term success.”

Sea Limited (NYSE: SE) Q2 2020
Earnings Call Highlights
:


https://bit.ly/2FOjWoC

WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO’s of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com

About Wall Street Reporter’s Next Super Stock conference:

Wall Street Reporter’s NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/

CONTACT:

WALL STREET REPORTER

(212) 871-2057 ext 7


www.WallStreetReporter.com



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Greystone Provides $42.6 Million in Freddie Mac and Fannie Mae Financing for Sacramento Multifamily Duo

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Greystone, a leading private national commercial real estate finance company, provided two refinance loans totaling $42.6 million for a multifamily portfolio in the Sacramento region. The transactions were led by Greystone Real Estate Advisors’ Todd Vitzthum and Simon Hermann (Northern California region) and Cody Field of Greystone’s San Francisco office on behalf of the property owner, Albert Gomez.

Leveraging its expertise across a range of capital options, Greystone provided the debt financing from two different sources, Freddie Mac and Fannie Mae. The properties include:

  • Carmel Pointe, a 332-unit property located in Sacramento proper, which received a 10-year, fixed-rate, $31,950,000 Freddie Mac mortgage. Built in 1985, the property spans 28 buildings and includes 558 parking spots. Amenities at the majority one- and two-bedroom community include two outdoor swimming pools, spa, fitness center, clubhouse, playground, dog park, tennis court, and on-site laundry rooms.

  • Ashbury Court, a 92-unit property in Rancho Cordova, Sacramento county, which received a 10-year, fixed-rate, $10,650,000 Fannie Mae Green Rewards mortgage. Amenities for the studio-, one-, and two-bedroom units include a clubhouse with fitness center, swimming pool, tennis court, and laundry. By participating in the Green Rewards program, the property owner will install water and energy efficiency measures at the property.

“The Greystone team delivered again and helped secure superior loans during a difficult time,” said Mr. Gomez. “The professionalism and experience of Cody, Simon and the team were on full display as they navigated the multiple agency products to secure optimal financing.”  

“Like many middle-market properties across the country, Carmel Pointe and Ashbury Court experienced an impact from the pandemic, but because the owner is a stable, quality sponsor and a repeat client, we were able to identify solid options to refinance and shore up some capital,” said Mr. Field.

“It’s a pleasure when we can help clients solve both immediate capital concerns, while at the same time providing long-term finance options that better their portfolio overall,” said Mr. Vitzthum.

About Greystone

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

PRESS CONTACT:

Karen Marotta
Greystone
212-896-9149
[email protected]



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Rosen Law Firm Announces Investigation of Securities Claims Against Lizhi Inc. – LIZI

Rosen Law Firm Announces Investigation of Securities Claims Against Lizhi Inc. – LIZI

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Lizhi Inc. (NASDAQ: LIZI) resulting from allegations that Lizhi may have issued materially misleading business information to the investing public.

On or around January 17, 2020, Lizhi conducted its initial public offering (“IPO”), issuing 4.1 million American depositary shares (“ADSs”) priced at $11.00 per ADS. Since the IPO, Lizhi’s ADS price has fallen precipitously, closing at $2.77 per ADS on September 22, 2020, representing a decline of 74.82% from the IPO price.

Rosen Law Firm is preparing a securities lawsuit on behalf of Lizhi shareholders. If you purchased securities of Lizhi please visit the firm’s website at http://www.rosenlegal.com/cases-register-1986.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Thinking about buying stock in Advanced Micro Devices, Costco, Lowe’s, Walgreens, or Pfizer?

PR Newswire

NEW YORK, Nov. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AMD, COST, LOW, WBA, and PFE.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-advanced-micro-devices-costco-lowes-walgreens-or-pfizer-301175000.html

SOURCE InvestorsObserver

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Should you invest in Edwards Lifesciences, Cisco Systems, Walmart, Coca-Cola, or Walt Disney?

PR Newswire

NEW YORK, Nov. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for EW, CSCO, WMT, KO, and DIS.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/should-you-invest-in-edwards-lifesciences-cisco-systems-walmart-coca-cola-or-walt-disney-301175005.html

SOURCE InvestorsObserver