Concrete Leveling Systems, Inc. Provides Corporate Update - Seite 2

On December 6, 2019  Jericho - Vegas Winners, Inc matter was mutually terminated, however to further Jericho’s interest in the growing sports wagering industry, Jericho has entered into an NDA and Letter of Intent with a gaming technology company based in Stockholm, Sweden that has developed and is currently marketing  a proprietary “Smart Technology” Betting Application (“app”). This app offers its users the easiest and fastest odd’s from operators and utmost modern “Smart Technology” driven ability to accommodate multiple betting accounts with various operators on their smart phone, and to register, log in, deposit, withdraw, and place bets on a sleek, easily navigable, and uniform interface. It will also display bet placement and bet history with full transparency of profits and losses and allow the user access to immersive statistics on all sports, leagues, and players. The subsequent “Smart” feature will offer full live streaming of the games/matches as well as post game recaps. The global online gambling market is estimated to be 100 BIL by 2024, with 80% of all sports bets placed via smart phone. Jericho is conducting diligence in anticipation of acquiring 34% of the US market, with options for similar participation in Mexico, South America, Latin America, Asia, and Africa. The state of the art technology within this app is perfectly suited to take advantage of the global growth in online mobile sports betting not only on a “business to customer” basis, but also as a “business to business” basis as a “white label” provider. Also pertinent is that only recently the California casino gaming Tribes have started an initiative to lobby the state to allow sports betting in California Tribal casinos. This could lead to future mutual benefits for the Partnership and the technology company.

Our effort to build a project pipeline allows us to continue discussions with one of the largest Tribes in the South West concerning multiple Tribal Casino projects; one is a new build and the others are major expansions and “rebranding” of existing casinos on strategic highway locations. 

On the commercial gaming front, Jericho, is under a strict NDA shared with one of the world’s largest Las Vegas based casino gaming companies and will begin due diligence on two regional casino properties offered to Jericho for review and due diligence. They are mid-size casinos that have developed loyal customer bases within their communities and have growth and expansion possibilities.