LAS VEGAS, Jan. 19, 2022 /PRNewswire/ — Esports Technologies, Inc. (Nasdaq: EBET), a leading global provider of advanced esports wagering products and technology, announced today its financial guidance for the 10-month period from December 2021 to September 2022 in which it anticipates revenue of $70 million.
This projected revenue and related growth is derived primarily from the company's online sportsbook and casino brands including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777 and GenerationVIP, which have over 1.25 million deposited customers in more than 15 countries. The brands were acquired by Esports Technologies on November 29, 2021, two months into the company's fiscal year. The subject 10-month period is from the closing of the brand acquisition until the end of the September 30 fiscal year.
Esports Technologies endeavors to continue growing revenue by offering more esports wagering opportunities and layering in its proprietary wagering odds modeling with the acquired brands. The company is in a strong position to benefit from the heightened popularity and interest in esports, which now represents a $13 billion market opportunity.
Aaron Speach, CEO, Esports Technologies, said, "As we begin a successful 2022, we remain committed to increasing our operational and financial performance. We expect to deliver consistent cash flow for the remainder of 2022 by growing esports revenue in regulated markets, as well as continued growth from our portfolio of online sportsbook and casino brands."
About Esports Technologies
Esports Technologies develops award-winning, groundbreaking and engaging wagering products for esports fans and bettors around the world. The company is focused on bringing better odds and technology solutions to cater to the Millennial and Gen-Z demographics. It has an expanding portfolio of intellectual property with patents pending around odds modeling simulation, an electronic sports betting exchange system, live streaming odds integration and enhancing modeling probabilities in multi-player games. Esports Technologies operates online sportsbook and casino brands Karamba, Hopa, Griffon Casino, BetTarget, Dansk777 and GenerationVIP, which have over 1.25 million deposited customers in more than 15 countries. Esports Technologies recently was awarded SIGMA's Esport Product of the Year, and its brand Karamba received SBC's award for Innovation in Casino & Gaming Entertainment. Esports Technologies is listed on the Nasdaq under the symbol EBET.
For more information, visit: https://esportstechnologies.com.
Forward-Looking Statements: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements involve risks and uncertainties. Forward-looking statements in this release include, without limitation, the Company's revenue guidance for the 10-month period, and the Company's ability to grow esports revenue in regulated markets, as well as to continue to grow its portfolio of online sportsbook and casino brands. These statements relate to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed in the Company's filings with the Securities and Exchange Commission ("SEC"), including as set forth in Item 1A. "Risk Factors" in our most recently filed Form 10-K filed with the Securities and Exchange Commission and updated from time to time in our Form 10-Q filings and in our other public filings with the SEC. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/esports-technologies-announces-10-month-revenue-guidance-of-70-million-301463655.html
SOURCE Esports Technologies, Inc.
The Fed, Washington, and earnings helped the S&P 500 soar after the pandemic. They’re behind its slide now.
Prominent market technician Ralph Acampora says the recent bout of market volatility has him uneasy and now he's forecasting a deeper drop in the market.
In this week’s second 2022 Roundtable installment, Giroux highlights six stocks that, to his mind, have been unfairly punished. Mario Gabelli: I’ve been talking about the Atlanta Braves for a while. You can invest in the Braves through Liberty Braves Group [ticker: BATRA], a tracking stock controlled by John Malone’s Liberty Media It trades for $28, and there are 60 million shares outstanding.
This fintech has an incredible story to tell, if the meme stock traders would just get out of the way.
The start-up battery maker for electric vehicles is exploring other options, and the market isn't impressed.
With every top coin suffering the brunt of the crash, here are the possible reasons as to why it happened and what you can expect next.
While myriad investing strategies have been effective in making long-term investors richer, perhaps none has a greater track record than buying into dividend stocks. Back in 2013, J.P. Morgan Asset Management, a division of JPMorgan Chase, issued a report that compared the performance of publicly traded companies that initiated a dividend and grew their payouts to public companies that didn't pay a dividend between 1972 and 2012.
Bears are in control as the market correction deepens. Apple and Tesla earnings loom but the Fed meeting will be in focus.
Bitcoin has suffered a dire start to the year and is currently trading around 45% below its all-time high of $68,700.
Shares of Walt Disney (NYSE: DIS) fell by 6.9% on Friday following the release of Netflix's (NASDAQ: NFLX) fourth-quarter results. Netflix warned of slowing subscriber growth for its popular streaming service. The digital entertainment leader expects to add just 2.5 million subscribers in the first quarter.
On Thursday, a flirtation with a respectable comeback a day after entering correction territory proved short-lived, with the Nasdaq Composite (COMP) notching another ugly reversal on Thursday. Thursday’s move appeared to be a head-scratcher for some participants as it seemed likely that the technology-laden Nasdaq Composite might finally finish higher, with momentum buoying the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) benchmarks and bargain hunters swooping in. Read: The Nasdaq Composite just logged its 66th correction since 1971.
(Bloomberg Law) — MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapBitcoin Chart Hints at Possible Floor for SlideNasdaq 100’s Unrelenting Declines Ring a Dot-Com Bust Alarm BellJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedBad news for the MicroStra
Shares of Upstart Holdings (NASDAQ: UPST), a lender that uses artificial intelligence (AI) to make loan decisions, fell nearly 13.4% today after an analyst lowered his price target on the stock. Wedbush analyst David Chiaverini maintained his neutral rating on Upstart, but significantly lowered his price target from $160 to $110.
LONDON (Reuters) -Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain. The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31. The change will not affect share ownership and the A shares and B shares will remain unchanged for the time being, Shell said.
Hennion & Walsh Chief Investment Officer Kevin Mahn joins Yahoo Finance Live to discuss low trading sessions during market volatility, how investors should listen to their risk tolerance, what investment opportunities are making themselves known, and high interest rates.
The metaverse is interesting for a long list of reasons, but most of all because it means different things to different companies. There hasn't been a technological development that promises such a broad pool of opportunities since the dawn of the internet. In the spirit of that idea, three Motley Fool contributors think Meta Platforms (NASDAQ: FB), Roblox (NYSE: RBLX), and Unity Software (NYSE: U) are set to benefit enormously from the virtual world, and the exciting part is they'll do it in completely different ways.
Digital World Acquisition closed out the session down 9.2%, while Phunware was off 12.8%. Growth-dependent and speculative stocks have seen turbulent trading lately, and the broader market was hit with big pullback today following worrying performance from some big consumer products and technology companies. There doesn't appear to be any business-specific news behind Digital World Acquisition and Phunware's share price slides, but the two companies were caught up in the broader pullback.
These three stocks, which trade for less than $100 a share, have businesses with stable growth and offer above-average dividends.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced that it publicly filed a resale registration on Form S-1 (the "Registration Statement") with the United States Securities and Exchange Commission ("SEC") on January 21, 2022 to register for resale Subordinate Voting Shares of the Company issued as consideration for previously announced 2021 acquisitions.
Shares of Coinbase Global (NASDAQ: COIN) were getting demolished today. The stock was down nearly 12% as of 3:45 p.m. ET on Friday, adding to an absolutely brutal week for it and other companies tied to the crypto market. Along with the crypto exchange, crypto bank Silvergate Capital's (NYSE: SI) shares were also in retreat today (down 12%), as were stocks of top Bitcoin (CRYPTO: BTC) holders like MicroStrategy (NASDAQ: MSTR) (down nearly 16%) and Bitcoin fund Grayscale Bitcoin Trust (OTC: GBTC) (down almost 13%).
