Connect with us

International

FansUnite: A Rare Profit “Double-Play” in the Booming $150 Billion Sports Betting Industry

FansUnite Entertainment have been profiting from both sides of sports betting industry.
The post FansUnite: A Rare Profit “Double-Play” in the Booming $150 Billion Sports Betting Industry appeared first on Value the Markets.

Published

on

Profiting From Both Sides of the Sports Betting Industry

FANSUNITE ENTERTAINMENT INC. CSE:FANS | OTC:FUNFF

The $150 billion sports betting market has been ready to pop after growing steadily for several years now.

But after the pandemic tipped the lead domino on this market explosion, it’s projected to multiply by up to an incredible 5x over the next few years.

That’s because this was one of the few pastimes that folks worldwide could still enjoy together, even from their homes.

And it’s led the online side of the sports betting market, in particular, to experience growth at a rate nobody could have expected.

This surge in interest has paid off through major gains in a number of sports betting companies.

  • Penn National Gaming, for example, soared for peak gains of 298% over the last year.
  • Draftkings also shot up an incredible 400% around it’s hotly anticipated IPO.
  • And the under-the-radar Canadian company, FansUnite, has had a coming out party of its own with shares jumping 212% in just the last 7 months alone.

It’s all because FansUnite has paved a path in the industry that few have been able to thanks to their unique technology.

DOWNLOAD OUR SPECIAL REPORT on FansUnite’s massive growth in the $150 billion sports betting market and how early investors could profit.

Most major companies end up using “white labeled” versions of software to run their sportsbooks, placing wagers and processing payments through the software.

That means these companies end up paying for a platform from a third party, and they typically pay a percentage of net gaming revenue as part of the deal.

Think of it in terms of how restaurants or other businesses pay a percentage to Visa or their payment processor every time they swipe a credit card.

That’s why FansUnite has not only built out new platforms for their own sportsbooks, sidestepping having to make payments to another technology company, they are also licensing the platforms out to others, and collecting a cut of the pie from other players in the sports betting space as well.

And throughout the industry, we’ve seen how well it can pay to be the technology company holding the cards.

There have been a number of acquisitions running in the hundred millions or more in the past few years.

  • For instance, Bally’s just acquired technology company Bet.Works recently for $125 million.
  • GAN Limited put down a massive $176 million to acquire CoolBets for their platform.
  • And in the acquisition that made headlines across the industry, Draftkings acquired SB Tech through a public acquisition valued at $3.3 billion.

Now, FansUnite is becoming a major competitor in the industry that continues growing both in North America and worldwide.

They went public on the Canadian Stock Exchange (CSE) in May 2020 after raising $3 million in an early round of funding.

As part of the listing, FansUnite went on to broker a deal to acquire an already-successful platform in the U.K., McBookie.com. Then in August 2020 they completed the acquisition of early esports betting pioneer, Askott Entertainment.

Since then, they’ve been growing at a steady clip through acquisitions and organic growth to the point where they’re now being acknowledged in the same breath as the industry leaders.

The EGR North America Awards are the gold standard in the industry for leading companies in sports betting.

And this year FansUnite was nominated on the shortlist for 2 awards: the Full-Service Platform Provider Award and Sportsbook Platform Provider Award.

This is an incredible honor for a small up-and-coming company like FansUnite to be nominated among giants with market caps of up to $12.7 billion.

Compare that to the market cap of FansUnite, currently sitting at just over $100 million, and it’s easy to see how big of an opportunity this could be.

Being recognized on the main stage like this could vault them onto the next level with the leaders of this $150 billion industry and help them become a major player in this space.

Awaiting Breaking News on Important Licensing Applications

FANSUNITE ENTERTAINMENT INC. CSE:FANS | OTC:FUNFF

FansUnite has driven millions in revenue already, primarily through their B2C platforms.

That’s where sports enthusiasts can place bets directly through their platforms, including McBookie.com in the U.K., VamosGG in Brazil, and EsportsBets.

Between these platforms, they’ve processed a total of over $350 million in betting volume to date.

And that all comes from an enormous 300,000+ registered users and counting.

But the blue-sky opportunity ahead of them could come from their B2B side…

Licensing their software for other sportsbooks to use and taking a portion of the wagers that go through the platform.

FansUnite has already signed multiple B2B deals through the Chameleon Gaming Platform.

They also have 2 major partnerships with global brands behind their name, even with this just being the early stages of their plan to expand on the B2B side.

Plus, FansUnite has added another income stream thanks to their suite of 4 casino games through Askott Games.

They’ve almost completed their 5th game and plan to have up to 10 completed and ready to play by the end of the year.

To help put these games on dozens of sportsbooks worldwide, FansUnite signed an agreement with a major European-focused aggregator called The Ear Platform.

Through this one key deal, it could help put Askott Games onto over 100 different sportsbooks or more.

And FansUnite is continuing to expand and spread their footprint throughout the world as time goes on.

They’ve already secured both B2B licenses and B2C licenses in Europe with their remote gaming licenses in Malta.

And now they’re getting ready to put in applications in sports betting hotspots like New Jersey to become a gambling supplier there.

Plus, they are weeks away from securing important gaming licenses in the United Kingdom.

READ OUR EXCLUSIVE REPORT on how investors could tap into FansUnite’s rapid growth in 2021.

This would be massive news since their McBookie.com site is currently forced to use another provider until getting the gaming license to use their own platform.

Locking down that license would not only free up more revenue that they’re currently paying out to another company for the platform they’re using…

It would also give them more flexibility and the ability to customize their own platform to their unique needs.

It could be a complete gamechanger for FansUnite.

Now, with half of the states in the US having legalized online sports betting, the tide is turning towards legalizing this in more and more states.

That means the market is only getting bigger as FansUnite races ahead to become a player with their top platform in the United States.

And it could open up more opportunities in Canada with legislation being heard to potentially legalize single-event sports betting there as well.

With this bill, Bill C-218, passing with a nearly unanimous vote in its last hearing, it’s approaching the final stages before that could soon become law.

That would open up a huge market for online sports betting all across North America, all while FansUnite continues to check major milestones off.

  • In the months ahead, they could secure more licenses to operate in different states and countries through their platform.
  • They’re planning to continue building more casino games for their Askott Games platform.
  • And they continue to sign more B2B clients to license their FansUnite platform, with another new client signing on in just the past couple weeks.

The $150 billion sports betting industry is only getting bigger thanks to changes in legislature and with the next generation taking more of their hobbies online.

And with FansUnite owning both a portion of the B2B and B2C side, they’re quickly becoming the name to watch as they could profit twice from the expansion of this industry.

The post FansUnite: A Rare Profit “Double-Play” in the Booming $150 Billion Sports Betting Industry appeared first on Value the Markets.

Read More

Continue Reading

International

Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

Published

on

They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

International

Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

Published

on

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


Read More

Continue Reading

International

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

Published

on

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

Read More

Continue Reading

Trending