{"id":410404,"date":"2021-01-07T08:48:12","date_gmt":"2021-01-07T13:48:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410404"},"modified":"2021-01-07T08:48:12","modified_gmt":"2021-01-07T13:48:12","slug":"online-gambling-legalization-creates-new-opportunities-for-players-to-bet-on-new-platforms","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/online-gambling-legalization-creates-new-opportunities-for-players-to-bet-on-new-platforms\/","title":{"rendered":"Online Gambling Legalization Creates New Opportunities For Players to Bet on New Platforms"},"content":{"rendered":"
\n

FN Media Group Presents Microsmallcap.com Market Commentary<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Jan. 7, 2021<\/span> \/PRNewswire\/ — 2020 was a huge year for online gaming legalization, and nowhere is this more true than in the United States<\/span>. Ballot initiatives from the November presidential election added new states to the growing list of US states that allow online casino betting, adding billions of dollars to the potential size of the US online gaming industry. The election of Joe Biden<\/span> was also good news for the industry, as the President-Elect has signaled support for opening up the online gambling industry and reducing federal restrictions. More legal breakthroughs are expected in 2021 and this has been a huge momentum driver in the online gaming industry. Companies like Bragg Gaming Group <\/b>(TSXV:BRAG) (OTCQX:BRGGF), Wynn Resorts <\/b>(NASDAQ:WYNN), MGM Resorts International <\/b>(NYSE:MGM), Flutter Entertainment <\/b>(OTCPK:PDYPF), and Caesars Entertainment <\/b>(NASDAQ:CZR) are seeing new opportunities in the US market that could mean big things in 2021 and beyond.<\/p>\n

\n Bragg Gaming Group Expands into US Via Partnerships<\/b>\n <\/p>\n

The US online gaming market is expanding just as Canadian gaming technology company Bragg Gaming Group (TSXV:BRAG) (OTC:BRGGF) <\/b>is accelerating its strategic expansion into new markets. Through partnerships with leading online casino operators all over the world, Bragg <\/b>is expanding its online footprint into major gaming markets in Europe<\/span>, North America<\/span>, and elsewhere. Bragg<\/b> first stepped into the United States<\/span> market in 2019 when the company partnered<\/a><\/u>with New York<\/span>-based online casino operator Seneca Gaming. New states opening to online gambling in the United States<\/span> means more online casino operators moving into these markets and new opportunities for companies like Bragg Gaming Group<\/b>.<\/p>\n

“We’ve made extraordinary progress in 2020 and are very pleased with the substantial revenue and EBITDA growth that we’ve delivered,” Bragg<\/b> Interim CEO Adam Arviv<\/span> said in a recent release<\/a><\/u>. “We continue to expand globally, enhancing our content portfolio and technology offering, and securing new customers across key geographies.”<\/p>\n

\n Bragg Gaming Group <\/b>is an industry-leading provider of turnkey B2B solutions for online casino operators. Through its ORYX Gaming subsidiary, the company provides licensed operators with sportsbook, lottery, marketing, and operational services all in one omni-channel retail, online, and mobile iGaming platform.<\/p>\n

\n Companies Move into US Online Gaming Market<\/b>\n <\/p>\n

Regulatory movement in the United States<\/span> is creating new opportunities for new and established companies across the US gaming industry to move into the online space and serve a wider market of customers.<\/p>\n

\n Wynn Resorts (NASDAQ:WYNN)<\/b>, owner and operator of two luxury hotel and casino resorts in Las Vegas<\/span>, moved into online betting in 2020<\/a><\/u> with the launch of its digital gaming division WynnBet. The company has launched online sports betting and casino offerings in New Jersey<\/span> and is currently in the process of applying for licenses in Tennessee<\/span> and Virginia<\/span>. Wynn is also in talks with potential partners to expand into other markets. In October, WynnBet announced<\/a><\/u> a multi-year sports betting partnership with NASCAR.<\/p>\n

On December 18<\/span>, MGM Resorts International (NYSE:MGM) <\/b>launched<\/a><\/u>its BetMGM sports betting app in Pennsylvania<\/span>. The company also recently announced sports betting partnerships with the NFL’s Pittsburgh Steelers, as well as the NBA’s Philadelphia<\/span> 76ers. BetMGM is rapidly expanding into legal online betting jurisdictions throughout the United States<\/span>, with Pennsylvania<\/span> joining Colorado<\/span>, Indiana<\/span>, Nevada<\/span>, New Jersey<\/span>, Tennessee<\/span>, and West Virginia<\/span> where the app is already available.<\/p>\n

\n United Kingdom<\/span>-based online casino operator Flutter Entertainment (OTC:PDYPF)<\/b> is seeing the bulk of its growth in the United States<\/span>. In May, the company projected<\/a><\/u> 10 percent year-over-year revenue growth for 2020, with 61 percent of that growth coming from the company’s US operations.<\/p>\n

In September, Caesars Entertainment (NASDAQ:CZR)<\/b> announced intent to acquire online gaming company William Hill<\/span> for $3.72 billion<\/span> as part of the company’s plan to expand its presence in the US sports betting market. As of December 29<\/span>, the company has partial clearance<\/a><\/u> from regulatory bodies to go ahead with the deal.<\/p>\n

Each opening of a US state to online gambling creates new high-potential opportunities for companies like Bragg Gaming Group<\/b>.\u00a0These regulatory breakthroughs are likely to continue into 2021, creating even more momentum for online gaming in the United States<\/span>.<\/p>\n

Disclaimer:\u00a0 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.<\/p>\n

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<\/span> by MSC, a non-affiliated third party to distribute this release on behalf of Bragg Gaming Group<\/p>\n

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.<\/p>\n

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.<\/p>\n

\n Media Contact:<\/b>
\n
FN Media Group, LLC
info@financialnewsmedia.com<\/a>
+1(561)325-8757<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/online-gambling-legalization-creates-new-opportunities-for-players-to-bet-on-new-platforms-301202519.html<\/a><\/p>\n

SOURCE Microsmallcap.com<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

FN Media Group Presents Microsmallcap.com Market Commentary PR Newswire NEW YORK, Jan. 7, 2021 \/PRNewswire\/ — 2020 was a huge year for online gaming legalization, and nowhere is this more true than in the United States. Ballot initiatives from the November presidential election added new states to the growing list of US states that allow online casino betting, adding billions of dollars to the potential size of the US online gaming industry. The election of Joe Biden was also good news for the industry, as the President-Elect has signaled support for opening up the online gambling industry and reducing federal restrictions. More legal breakthroughs are expected in 2021 and this has been a huge momentum driver in the online gaming … <\/p>\n

Continue reading “Online Gambling Legalization Creates New Opportunities For Players to Bet on New Platforms”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410404","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOnline Gambling Legalization Creates New Opportunities For Players to Bet on New Platforms - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/online-gambling-legalization-creates-new-opportunities-for-players-to-bet-on-new-platforms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Online Gambling Legalization Creates New Opportunities For Players to Bet on New Platforms - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FN Media Group Presents Microsmallcap.com Market Commentary PR Newswire NEW YORK, Jan. 7, 2021 \/PRNewswire\/ — 2020 was a huge year for online gaming legalization, and nowhere is this more true than in the United States. 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