GCRC

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

PALM BEACH,  Fla., Oct. 14, 2021 /PRNewswire/ -- For a long time, the conversation in the gaming world was focused on mobile being the future of the industry. Now, in 2021, the future has officially arrived.  Our society is becoming more dependent on smartphones, with more than 90% of Americans owning a smartphone, and the rest of the developed world is only slightly behind the United States' pace. It is not a surprise that revenue from mobile gaming is rising, but the growth rate is something sportsbooks need to keep an eye on in the future. The more the common gamers pour their money into mobile gaming, the more sportsbooks will need to be ready to pounce. Already more than 40% of smartphone owners are paying at least $50 per month on games, which translates to $600 per year. That isn't a small sum for most people, and a quarter of the users are up to at least $1,000 per year on mobile gaming. Simply put, the future used to be mobile gaming, but it is becoming increasingly apparent that the future is here and the switch from PC gaming to mobile gaming is vital.   A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming. While most users are starting to use mobile gaming more than PC or consoles, the competitive gaming world has not made the switch yet. Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile." Active gaming and tech companies in the markets today include:  Esports Technologies (NASDAQ: EBET), Skillz (NYSE: SKLZ), Super League Gaming (NASDAQ: SLGG), Elys Game Technology, Corp. (NASDAQ: ELYS), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG).

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Golden Nugget Online Gaming Awarded Arizona Tribal Events Wagering Operator License

Monday, August 30, 2021 - 2:00pm

HOUSTON, Aug. 30, 2021 /PRNewswire/ -- Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) ("GNOG") along with its partner Grand Canyon Resort Corporation ("GRCR"), a wholly owned company of the Hualapai Tribe, announced today that the Arizona Department of Gaming has awarded the partnership an online tribal event wagering operator license.

Key Points: 
  • HOUSTON, Aug. 30, 2021 /PRNewswire/ -- Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) ("GNOG") along with its partner Grand Canyon Resort Corporation ("GRCR"), a wholly owned company of the Hualapai Tribe, announced today that the Arizona Department of Gaming has awarded the partnership an online tribal event wagering operator license.
  • "With an outstanding partner in Golden Nugget, we will establish a top-tier event wagering operation through our Grand Canyon Resort Corporation.The Golden Nugget brand is certainly no stranger to the residents of Arizona.
  • With the Las Vegas and Laughlin casino properties bordering our state, Golden Nugget has been providing legal sports betting and casino wagering entertainment to Arizonans for over 70 years.
  • Golden Nugget Online Gaming, Inc. is a leading online gaming company that is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market.