Winning With Online Sports Betting, I-Gaming, and E-Sports: CEOs of GAN, FansUnite, DraftKings, and fuboTV Embracing Interactive Millennial Mega-Trends.

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: GAN Limited (NASDAQ: GAN), FansUnite (OTC: FUNFF) (CSE: FANS), DraftKings Inc. (NASDAQ: DKNG) and fuboTV (NYSE: FUBO).

Multiple trends are converging, creating massive opportunities for the new paradigm of wagering. As millions of millennial consumers embrace online sports betting, esports, and I-Gaming - governments are increasingly eager to legalize, and drive desperately needed tax revenues. Online sports betting is emerging as the dominant growth theme of the decade, with billions of dollars in revenues generated worldwide from video games, streaming to online casinos and sports betting. Wall Street Reporter highlights the latest comments from industry thought leaders:

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 Video: https://bit.ly/3phwp53

January 14 - FansUnite (OTC: FUNFF) is presenting at Wall Street Reporters NEXT SUPER STOCK livestream - 12:30EST. Click here to join: https://bit.ly/2PX0SpH

December 16 - FUNFF gains first-mover advantage into the U.S. esports betting market, as it's long-term partner GameCo joins US Bookmaking and Sky Ute Casino to establish the first dedicated esports sportsbook in the United States. FUNFF wholly-owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution. Through GameCo's partnership with Sky Ute Casino and US Bookmaking, FansUnite will be the first iGaming solutions provider to receive significant exposure in the U.S. esports betting market.

December 7 - FUNFF receives Malta Gaming Service License and Critical Gaming Supply, and will now be able to offer a full spectrum of online gambling services in Europe, covering Casino, Fixed Odds Betting, Pool Betting and Controlled Skilled Games. With MGA approval received, FansUnite will be joining other highly respected gambling companies such as PokerStars, Betfair and Unibet in operating their business within MGA regulations. Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: https://bit.ly/3phwp53

January 14 - FansUnite (OTC: FUNFF) is presenting at Wall Street Reporters NEXT SUPER STOCK livestream - 12:30EST. Click here to join: https://bit.ly/2PX0SpH

DraftKings Inc. (NASDAQ: DKNG), CEO Jason Robins: "Huge Pent-up Demand for Sports Betting"

"...As sports have started to return, we saw revenue improve sequentially each month in the quarter, with June revenue increasing 20% year-over-year on a pro forma basis. This strong overall results and improvement are due to our product innovation, our entry into new jurisdiction, and pent-up demand for sports betting as Live Sports like Golf, European Soccer, NASCAR and UFC started to return. In the first two weeks of MLBs return, we saw three times the handle compared to the first two weeks of the 2019 MLB season. In the first week of the NHL's return, our handle is more than twice the handle of first week of 2019 NHL playoff..."

"...We significantly expanded our eSports offering and have seen exponential growth in this category. We added popular Madden simulated games and began to include streaming sports within our app, which has become a very popular feature. In fact, since the return of the NHL, the NBA, and Major League Baseball, users have continued to engage with eSports, which gives us confidence in that product's future….We believe eSports is going to be a huge category - it's when not if...we believe ultimately eSports betting will be if not the biggest, certainly one of the biggest categories of sports betting over the long-term."

DraftKings (NASDAQ: DKNG) Earnings Call Highlights: https://bit.ly/2Hg4wcV

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."

GAN Limited (NASDAQ: GAN) Q3 2020 Earnings Highlights: https://bit.ly/32QlM0m

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…" fuboTV (NYSE: FUBO) Q3 2020 Earnings Highlights: https://bit.ly/2HcPk0I

David Gandler CEO Interview: https://bit.ly/38SlrOr

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 . Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context.Full disclaimer, and relevant SEC 17B disclosures here: https://bit.ly/39kkE7K

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


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Aether Global Innovations Announces Non-Brokered Private Placement

Aether Global Innovations Announces Non-Brokered Private Placement

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. TheNewswire March 14, 2024 - Aether Global Innovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH) ("Aether Global", "AETH", or the "Company"), a drone management and automation company, announced today a non-brokered private placement financing of up to 10,000,000 units (the "Units") of securities at a price of $0.05 CAD per Unit for aggregate gross proceeds of up to $500,000.00 CAD (the "Offering").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
ARway.ai Releases SDK 3.0 Marking a Major Upgrade For Its Spatial Computing Platform

ARway.ai Releases SDK 3.0 Marking a Major Upgrade For Its Spatial Computing Platform

Setting New Standards for Augmented Reality Navigation and Immersive Engagement

ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce the launch of ARway V3.0, a groundbreaking update to its spatial computing platform providing augmented reality navigation and immersive experiences. The new V3.0 technology updates and features include peripheral markers, an SDK update, advanced SLAM, anchored floorplan pegs, updated location pin indicator, low light and stability notification, drift notification, and amenity pin uplift

Watch a video of the new technology and features in V3.0 - click here

Evan Gappelberg, CEO of ARway.ai commented, "We are thrilled to introduce ARway V3.0, a significant leap forward in the commercial application of augmented reality. With these enhancements, ARway is poised to capture a larger share of the growing IPN market, directly contributing to increased revenue and profitability. ARway is leveraging the latest in AR technology to create value for our users, partners, and investors. With ARway V3.0, we are setting the stage for the next generation of augmented reality navigation and experiences.

The ARway V3.0 update introduces a host of innovative features designed to enhance navigation accuracy, user engagement, and content creator flexibility. Some of the key features include:

Peripheral Markers: Improved customization and placement of QR codes and Image Access Points, expanding the application of AR navigation in diverse environments. Small, Medium, and Large access points are now available, which suit a variety of different locations depending on the size and features of the location such as confined areas like offices or small galleries, large areas such as department stores and stadiums, or spacious areas like airports, ensuring easy scanning from any distance.

3.0 SDK Update: Full integration of ARway app features into the SDK, empowering developers and partners to build custom AR-enhanced applications with advanced functionalities.

Advanced SLAM: Enhanced stability of large-scale AR experiences and navigation with computer vision upgrades in plane tracking and occlusion capabilities.

Anchored Floor Plan Pegs: Streamlined map creation process for faster and more accurate map alignments.

Updated Location Pin Indicator: Enhanced navigation with 360-degree directionality, providing users with more intuitive and comprehensive guidance.

Low Light and Stability Notifications: New alerts ensure optimal operating conditions, reducing interruptions and maintaining high-quality AR experiences. This feature will inform visitors that low light conditions and phone instability may cause drift or location inaccuracies.

Drift Notification: New alerts that ensures users stay on track. If they are drifting off the navigation path or if their location accuracy is declining, they will be notified to scan a nearby access point to correct their drift.

Amenity Pin Uplift: New shortcuts that provide instant access to amenities are now easy and convenient to find on the main screen. Users can easily find restrooms and other important amenities with ease.

The impact of ARway V3.0 extends beyond the platform itself, offering unprecedented opportunities for partners such as technology integrators, XR/AR developers, and digital agencies. These new features unlock possibilities for creating more compelling, customized AR experiences, fostering new business opportunities and driving growth within the AR ecosystem.

This news follows recent exciting news of multiple new global SaaS deals signed for the real estate, fashion and hospital industry, as well as the launch of a brand new website and pricing increase following significant growth and is anticipating upcoming expansions in the Company's Developer subscriptions and partnerships.

For more information about ARway V3.0 and its features, visit https://www.arway.ai/technology/

Recent News

Sign up for Investor News - HERE

To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai

About ARway.ai
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification. ARway works seamlessly as a cross platform solution on iOS/ Android. ARway's technology is optimized for both mobile devices and AR glasses: Apple's Vision Pro, Magic Leap and Microsoft's HoloLens. ARway has unlimited use cases for augmenting physical spaces, making it a valuable tool for creators, brands and companies in various industries. The complete ARway platform includes: the Web Creator Studio, the ARwayKit Software Development Kit (SDK) and a mobile app for iOs and Android.

Nextech 3D.ai
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 50% stake. Nextech3D.ai is a Generative AI powered 3D modeling Company and leading provider of augmented reality ("AR") experience technologies and 3D model services. Nextech's AI-powered 3D modeling platform, "ARitize3D" has contracts with; AMZN, KSS, CB2, Genuine Parts & many others. To learn more about Nextech3D.ai, visit www.nextechar.com

For further information, please contact:

Investor Relations Contact
Julia Viola
investor.relations@arway.ai

ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. ARway.ai will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Arway Corporation



View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai Expands Global Education Industry Reach with New SaaS Student Plan Subscriptions

ARway.ai Expands Global Education Industry Reach with New SaaS Student Plan Subscriptions

ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce multiple new student plan subscriptions with prestigious universities around the globe. These partnerships signify a growing demand and adoption of ARway's platform for research and education programs, showcasing the increasing interest among educators, students, and researchers in the implications of XRAR technologies

As part of these new global student plan subscriptions, senior post-secondary students, masters students and Ph.D students enrolled in accredited educational institutions will have access to the ARway Student Plan. These students have funding from their universities for specific courses and advanced degrees including computer science, spatial computing, and more. This plan, designed to enhance their research and educational experiences, requires a valid student ID and student email for enrollment. The ARway Student Plan offers a comprehensive suite of ARway's innovative tools and resources and is valid for 6 months from the activation date, providing students ample time to explore the possibilities of augmented reality in their academic pursuits.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Announces Formation of AI Incubator and AI Acquisition & Development Division With Potential 2024 IPO Spin Out

Nextech3D.ai Announces Formation of AI Incubator and AI Acquisition & Development Division With Potential 2024 IPO Spin Out

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces the launch of its new AI Incubator and AI Development Division, signaling a significant leap forward in its commitment to advancing artificial intelligence technologies. This new venture, set to be spearheaded by a dynamic team of three esteemed AI scientists alongside the visionary leadership of Evan Gappelberg, CEO of Nextech3D.ai, and Hareesh Achi, former Microsoft executive renowned for his pivotal role in digital transformation and technology strategy. This new division marks a major milestone in Nextech3D.ai's growth trajectory and sets the stage for additional potential IPO spin- outs of new AI technology Companies to its shareholders

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai Signs Multiple SaaS Deals For its Augmented Reality Experience Platform; in Real Estate, Fashion and Hospitality

ARway.ai Signs Multiple SaaS Deals For its Augmented Reality Experience Platform; in Real Estate, Fashion and Hospitality

ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce new partnerships with leading innovators in the industry, Holition.com, 3D Marx and Aigentless. ARway.ai is quickly becoming the preferred choice among industry developers, following successful pilots and established credibility, and these subscriptions signify a major ramp-up in XR project adoption across various sectors

These subscriptions represent a leap forward in the adoption of AR/VR/XR technologies for location based mobile applications, showcasing a commitment to pushing the boundaries of spatial computing, marketing, and advertising.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Canadian Investment Regulatory Organization Trade Resumption - NSCI

Trading resumes in:

Company: Nanalysis Scientific Corp.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×