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SharpLink Gaming Ltd. Ordinary Shares - SBET STOCK NEWS

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SharpLink Gaming Ltd. (NASDAQ: SBET) is a pioneering online technology company that bridges the gap between sports fans and sports betting content. Founded in 2019, the company leverages proprietary, intelligent online conversion technology to transform sports enthusiasts into active sports bettors for licensed online sportsbook operators.

SharpLink Gaming operates through two main segments: Affiliate Marketing Services - United States and Affiliate Marketing Services - International. This structure allows the company to specifically target and drive local sports betting and casino traffic to its partners. The majority of revenue is generated from the international segment, underscoring the global reach and effectiveness of its marketing platform.

In addition to its marketing services, SharpLink specializes in assisting sports media companies, leagues, and teams in developing innovative solutions to engage their audiences. The company offers highly interactive free-to-play games and mobile applications, which are designed to boost fan interaction and engagement. SharpLink's portfolio also includes a variety of real-money fantasy sports and sports simulation games, accessible through its proprietary platform that reaches over two million fantasy sports fans.

SharpLink’s significant achievements include its authorization to operate in every U.S. state where fantasy sports and online sports betting are legal. The company’s fantasy sports platform alone attracts users who collectively spend nearly $40 million annually on its digital gaming experiences and contests.

On the financial front, SharpLink Gaming has maintained a robust performance, with forward-looking strategies aimed at expanding its footprint in the growing online betting and iGaming industries. The company’s recent announcements, such as the upcoming extraordinary general meeting of shareholders to approve the redomestication merger, reflect its commitment to strategic growth and shareholder engagement.

For more information, please visit the SharpLink website.

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LeagueSafe's new mobile app has been successful with over 16,000 downloads, and they have collected over $22 million in entry fees for fantasy football leagues, up over 30% compared to last year. LeagueSafe is expected to contribute to SharpLink's future success.
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SharpLink Gaming partners with SB Nation to create a new free-to-play survivor-style fantasy game for the 2023/2024 NFL season, featuring a 'Second Chance' function. Cash prizes will be offered for the Full Season and Second Chance competitions. SharpLink will use its C4 sports betting conversion technology to provide live betting opportunities from DraftKings.
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Rob Phythian, CEO of SharpLink Gaming, outlines the company's growth strategies and key performance indicators in a letter to shareholders. SharpLink aims to connect with and entertain fans, deliver personalized experiences, convert fans to sports bettors, and achieve profitable revenue growth. The company has acquired assets and expanded its technology development team. SharpLink currently reaches an estimated eight million sports fans and is licensed to operate in 24 U.S. states, the District of Columbia, Puerto Rico, and Ontario. Their C4 recommendation engine and free-to-play games enhance fan engagement and retention. SharpLink aims to provide highly personalized content and expects to achieve high conversion rates in the U.S. sports betting market. The company prioritizes financial performance and plans to release more press releases to showcase its progress.
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SharpLink Gaming Ltd. plans to launch C4 BetSense, a sports industry-focused content creation and recommendation engine powered by generative AI. The platform will use generative technologies to produce tailored fan betting offers and recommendations. This will allow enterprise companies in the sports industry to engage and monetize their audiences more efficiently and at a fraction of the cost.
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SharpLink Gaming Ltd. announces financial results for Q1 2023, with total revenues rising 79% to $3.4M. Gross profit increased 114% to $1.3M and operating expenses declined 51%. CEO expresses excitement for growth opportunities in the U.S. sports betting and iGaming industries.
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FAQ

What is the current stock price of SharpLink Gaming Ltd. Ordinary Shares (SBET)?

The current stock price of SharpLink Gaming Ltd. Ordinary Shares (SBET) is $0.68 as of November 22, 2024.

What is the market cap of SharpLink Gaming Ltd. Ordinary Shares (SBET)?

The market cap of SharpLink Gaming Ltd. Ordinary Shares (SBET) is approximately 2.3M.

What does SharpLink Gaming Ltd. do?

SharpLink Gaming Ltd. connects sports fans with timely sports betting content through its proprietary technology, targeting both U.S. and international markets.

What are the main business segments of SharpLink Gaming Ltd.?

The company operates through Affiliate Marketing Services in the United States and internationally.

How does SharpLink Gaming generate revenue?

Most of the revenue comes from its international affiliate marketing services, driving sports betting and casino traffic to licensed partners.

What is SharpLink’s strategy for fan engagement?

SharpLink employs interactive free-to-play games and mobile applications to deepen fan engagement and activation.

Is SharpLink Gaming authorized in the U.S.?

Yes, SharpLink is licensed or authorized to operate in every U.S. state where fantasy sports and online sports betting are legalized.

Who are SharpLink Gaming’s typical clients?

SharpLink's clients include sports media companies, leagues, teams, and licensed sportsbook operators.

What recent developments have been announced by SharpLink Gaming?

SharpLink announced an extraordinary general meeting of shareholders to approve a redomestication merger, scheduled for November 29, 2023.

How many fantasy sports fans does SharpLink reach?

SharpLink's fantasy sports platform reaches over two million fans.

Where can I find more information about SharpLink Gaming?

More information is available on their official website at www.sharplink.com.

Who can I contact for investor relations at SharpLink Gaming?

You can reach out to investor relations at ir@sharplink.com.

SharpLink Gaming Ltd. Ordinary Shares

Nasdaq:SBET

SBET Rankings

SBET Stock Data

2.28M
2.95M
15.89%
3.09%
0.53%
Gambling
Services-prepackaged Software
Link
United States of America
MINNEAPOLIS