WNRS - Winners (WNRS) Plans Further Expansion & Cancels 1 for 20 Reverse Split
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McapMediaWire -Winners, Inc. (OTC: WNRS ) through its operating subsidiaries,provides sports betting enthusiasts with high-quality content,analysis, research, data, and guidance for popular betting sports,announced it is taking steps to expand its product line ofHandicapping Services to include same-game parlays, prop bettingand/or in-game sports wagering.
Furthermore, the company decided to withdraw itsapplication for a 1:20 reverse split of its common stock with FINRA.The Company withdrew the FINRA application considering its strategicexpansion plans that include the increase of its product line andpotential acquisitions that fit the company’s business model.
Wayne Allyn Root, CEOof Winners Inc., stated, “We are currently exploring differentoptions to expand our product line of Handicapping Services which willinclude same-game parlays, prop betting and/or in-game sportswagering. The expansion of services will add additional revenuestreams to the company. Also, we have recently done a buy-back of theoutstanding shares by over 50%, creating a very attractive sharestructure, and if you combine that with our plans for aggressivegrowth, a reverse split just doesn’t make sense to us. I lookforward to updating our progress in the coming weeks."
Same-game parlays, orSGPs, have emerged as not only one of the most popular bets on theboard for bettors but also one of the most profitable for bookmakers.In last year's Super Bowl, 31% of bets placed before the gamekicked off were same-game parlays at BetRivers, Barstool and otherU.S. sportsbooks powered by Kambi, an international sports bettingplatform provider. At sportsbook PointsBet, 22% of all bets placed onthe Super Bowl were SGPs. Both companies were anticipating even moreSuper Bowl SGPs this year. Not bad for something that sportsbooks inthe U.S. only began accepting a few years ago.
Prop betting is the actof betting on an event that takes place inside of or during a ga tomeor sporting event. Prop bets involve betting on events that take placeinside the game but will differ from traditional point spread andtotal bets that deal only with the final outcome. A better way tothink about it is like this. While a point spread or total bet asksyou a specific question about the end result of a contest, a prop betasks you a question about a result that will take place inside thegame or event but isn’t directly tied to the final score. Prop betsexpand our betting options as they allow us to bet on differentelements of a contest. Player performance, team totals, who will scorefirst and who will score last, are just some of the examples of theopportunities that prop bets provide us.
Live in-game betting is one of the mostrecent technological advancements in legal sports betting and one thathas greatly improved the overall experience of sports betting.Essentially, live betting allows fans to bet on in-game outcomes whilethe game is being played. Before the introduction of live betting, allbets had to be locked in prior to the start of the game, buttelecommunications technology and advanced analytics algorithms nowallow sportsbooks to monitor the game and recalculate odds in realtime. While live betting is a newer feature, it will likely provepopular in introducing sports betting to a younger, more tech-savvygeneration of bettors.
VegasWinners is a licensed sports gambling affiliate thatintends to drive traffic to gaming operators for commission.VegasWinners is currently licensed in several states and has madeapplication in additional states. It is the intent of VegasWinners toget licensed in all states that allow online sports gambling. To dateonline sports gambling has been legalized in; Arizona, Colorado,Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland,Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York,Ohio, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia,Wyoming & Ontario.
The global sports betting market accounted for USD 83.65billion in 2022 and is expected to expand at a compound annual growthrate (CAGR) of 10.3% from 2023 to 2030 as reported by Grand ViewResearch. The demand for sports betting is driven by factors such asthe major shift in the regulatory landscape of the global gamblingsector, the penetration of connected devices, and the developingdigital infrastructure. The global sports sector has been greatlyinfluenced by the COVID-19 pandemic due to restrictions on sportingactivities across the globe. However, online sports betting gainedpopularity during the pandemic due to an upsurge in eSports andsimilar forms of betting. In addition, increased usage of smartphoneshas led to the wide availability and accessibility of sports betting,consequently propelling the global market. For instance, according toa recent survey from Uplatform, a sports betting and casino operatingplatform, mobile devices accounted for about 70% of online bettingrevenue in 2020.
ABOUT WINNERS, INC.
Winners, Inc. (OTC: WNRS) through its subsidiariesis engaged in the business of sports gambling research, data, advice,analysis and predictions utilizing all available media, advertisingformats and its database of users. Revenues are expected to acceleratedue to the explosion of sports handicapping arising from the 2018Supreme Court decision that States have the right to approve sportsgambling and the resulting State by State rapid approval of sportsgambling. Its Subsidiaries: VegasWinners is a registered sportsgambling affiliate that intends to drive traffic to gaming operatorsfor commission. VegasWinners is currently registered in West Virginia,Indiana, Colorado, New Jersey, Tennessee, Pennsylvania and able tooperate in New York, Nevada, Mississippi, Wyoming, Illinois, Iowa,Louisiana and has made application in several additional states; TheLongShot Report is a rapidly growing internet/onlinesubscription-based company that gives advice on sports picks forfantasy and sports betting including but not limited to football,basketball, baseball, hockey and golf with an online platform andmobile app available for download at the AppStore and PlayStore . For more information, please visit the websites VegasWinners andThe LongShotReport and on Social Media at .
SAFE HARBORSTATEMENT
This press release contains forward-looking statements that canbe identified by terminology such as "believes,""expects," "potential," "plans,""suggests," "may," "should," "could,""intends," or similar expressions. Many forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors that may cause actual results to be materially different fromany future results implied by such statements. These factors include,but are not limited to, our ability to continue to enhance ourproducts and systems to address industry changes, our ability toexpand our customer base and retain existing customers, our ability toeffectively compete in our market segment, the lack of publicinformation on our company, our ability to raise sufficient capital tofund our business, operations, our ability to continue as a goingconcern, and a limited public market for our common stock, among otherrisks. Many factors are difficult to predict accurately and aregenerally beyond the company's control. Forward-looking statementsspeak only as to the date they are made, and we do not undertake toupdate forward-looking statements to reflect circumstances or eventsthat occur after the date the forward-looking statements are made.
SOURCE: Winners, Inc.
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Brian Foy, Chief Marketing Officer
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