Winners (WNRS) Plans Further Expansion & Cancels 1 for 20 Reverse Split
LAS VEGAS, NV
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March 14, 2023 10:00 AM Eastern Daylight Time
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 of Handicapping Services to include same-game parlays, prop betting and/or in-game sports wagering.
Furthermore, the company decided to withdraw its application for a 1:20 reverse split of its common stock with FINRA. The Company withdrew the FINRA application considering its strategic expansion plans that include the increase of its product line and potential acquisitions that fit the company’s business model.
Wayne Allyn Root, CEO of Winners Inc., stated, “We are currently exploring different options to expand our product line of Handicapping Services which will include same-game parlays, prop betting and/or in-game sports wagering. The expansion of services will add additional revenue streams to the company. Also, we have recently done a buy-back of the outstanding shares by over 50%, creating a very attractive share structure, and if you combine that with our plans for aggressive growth, a reverse split just doesn’t make sense to us. I look forward to updating our progress in the coming weeks."
Same-game parlays, or SGPs, have emerged as not only one of the most popular bets on the board for bettors but also one of the most profitable for bookmakers. In last year's Super Bowl, 31% of bets placed before the game kicked off were same-game parlays at BetRivers, Barstool and other U.S. sportsbooks powered by Kambi, an international sports betting platform provider. At sportsbook PointsBet, 22% of all bets placed on the Super Bowl were SGPs. Both companies were anticipating even more Super Bowl SGPs this year. Not bad for something that sportsbooks in the U.S. only began accepting a few years ago.
Prop betting is the act of betting on an event that takes place inside of or during a ga tome or sporting event. Prop bets involve betting on events that take place inside the game but will differ from traditional point spread and total bets that deal only with the final outcome. A better way to think about it is like this. While a point spread or total bet asks you a specific question about the end result of a contest, a prop bet asks you a question about a result that will take place inside the game or event but isn’t directly tied to the final score. Prop bets expand our betting options as they allow us to bet on different elements of a contest. Player performance, team totals, who will score first and who will score last, are just some of the examples of the opportunities that prop bets provide us.
Live in-game betting is one of the most recent technological advancements in legal sports betting and one that has greatly improved the overall experience of sports betting. Essentially, live betting allows fans to bet on in-game outcomes while the game is being played. Before the introduction of live betting, all bets had to be locked in prior to the start of the game, but telecommunications technology and advanced analytics algorithms now allow sportsbooks to monitor the game and recalculate odds in real time. While live betting is a newer feature, it will likely prove popular in introducing sports betting to a younger, more tech-savvy generation of bettors.
VegasWinners is a licensed sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently licensed in several states and has made application in additional states. It is the intent of VegasWinners to get licensed in all states that allow online sports gambling. To date online 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 83.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030 as reported by Grand View Research. The demand for sports betting is driven by factors such as the major shift in the regulatory landscape of the global gambling sector, the penetration of connected devices, and the developing digital infrastructure. The global sports sector has been greatly influenced by the COVID-19 pandemic due to restrictions on sporting activities across the globe. However, online sports betting gained popularity during the pandemic due to an upsurge in eSports and similar forms of betting. In addition, increased usage of smartphones has led to the wide availability and accessibility of sports betting, consequently propelling the global market. For instance, according to a recent survey from Uplatform, a sports betting and casino operating platform, mobile devices accounted for about 70% of online betting revenue in 2020.
ABOUT WINNERS, INC.
Winners, Inc. (OTC: WNRS) through its subsidiaries is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. Its Subsidiaries: VegasWinners is a registered sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently registered in West Virginia, Indiana, Colorado, New Jersey, Tennessee, Pennsylvania and able to operate in New York, Nevada, Mississippi, Wyoming, Illinois, Iowa, Louisiana and has made application in several additional states; The LongShot Report is a rapidly growing internet/online subscription-based company that gives advice on sports picks for fantasy and sports betting including but not limited to football, basketball, baseball, hockey and golf with an online platform and mobile app available for download at the App Store and Play Store. For more information, please visit the websites VegasWinners and The LongShot Report and on Social Media at Twitter.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Winners, Inc.
Contact Details
Brian Foy, Chief Marketing Officer
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