Why Online Gambling Companies Could Surge in 2021 - Seite 2

Score Media and Gaming (TSX:SCR) (OTCPK:TSCRF) also stands to be a major beneficiary of Bill C-218. Its sports media app is one of the most popular multi-sport news and data apps in North America and this could be the company's chance to expand into Canada's nascent online gambling industry. Its mobile sportsbook, theScore Bet (iOS and Android), delivers an immersive and holistic mobile sports betting offering, including a wide range of pre-game and in-play betting across all major sports leagues and events, and a comprehensive variety of bet types.

M&A Driving Customer Acquisitions

As online gambling restrictions ease up, the battle for users has been heating up, resulting in considerable consolidation in the industry. FansUnite Entertainment Inc.'s (CSE:FANS) (OTC:FUNFF) recent acquisition of McBookie is an excellent example of this. The existing McBookie platform offers Sports Betting, Casino, and Virtual sports, with a heavy focus on soccer and horse racing, and management's main goal here is to grow the platform in the United Kingdom, most notably to Scottish players.

Wynn Resorts (NASDAQ:WYNN) will pay $3.5 million to invest in Blue Wire, a sports podcasting platform based in San Francisco. The company will use the investment to develop a dedicated studio at the Wynn Resorts property in Las Vegas and use the product to promote the company's online betting unit, WynnBET.

Last year, Caesars Entertainment (NASDAQ:CZR) paid $3.6 billion to buy British online firm William Hill in order to expand its sports betting operations. On the completion of the Hill merger, Caesars will not only rank among the top 10 leaders in sports betting by revenue but will also have around 9% to 10% of the total mobile sports betting market. In addition to this, Caesars will be able to cross market William Hill's US database of sports bettors with its own casino customers.

As tailwinds begin to steer in favor of the online gambling industry, companies like the esports betting platform Luckbox are in a solid position to benefit from this positive momentum.

To learn more about Real Luck Group Ltd, "Luckbox", click here.

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