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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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SharpLink Gaming Ltd. (SBET) announced an acquisition of SportsHub Games Network, Inc. to enhance its position in sports betting conversion products. This all-stock merger aims to integrate SportsHub's 2 million users and nearly $6 million in 2021 revenue into SharpLink’s ecosystem. The transaction is subject to shareholder approval and other conditions. Expected benefits include access to a loyal user base and opportunities for cross-promotion of sports betting services as regulations evolve in various states.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced the appointment of Robert DeLucia as the new Chief Financial Officer, effective August 22, 2022. He succeeds Brian Bennett, who left to pursue new opportunities. DeLucia brings extensive experience from roles at Neon Logistics and GTT Communications, where he oversaw significant financial restructuring. CEO Rob Phythian expressed confidence in DeLucia's capabilities to drive growth and enhance shareholder value. The transition aims to strengthen SharpLink's position in the burgeoning sports betting and iGaming sectors.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced its Annual General Meeting of Shareholders will be held on September 8, 2022. Key agenda items include the reelection of board members, approval of RSM US LLP as independent accountants for 2022, updates to the compensation policy, and discussion on financial statements for 2021. Shareholders of record by August 3, 2022, can vote via proxy or in person. The company will mail out a proxy statement around August 5, 2022, detailing the proposals. The meeting will also cover any additional business matters.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced that CEO Rob Phythian will participate in a panel at the SBC Summit North America 2022 in New Jersey. This event focuses on the rapidly growing online betting and iGaming industry, attracting major operators and leaders. The panel, titled “Teams and Leagues – Improving Fan Engagement,” will take place on July 14, 2022, from 2:20 PM to 3:00 PM ET. SharpLink specializes in providing data-driven user engagement solutions in the sports betting sector, utilizing proprietary technology to enhance customer conversion.

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SharpLink Gaming Ltd. (Nasdaq:SBET) has appointed Tom Masterman as Vice President of Revenue to enhance direct enterprise sales and strengthen customer relationships. With over a decade of experience in the sports betting technology sector, Masterman previously held senior roles at Sportradar and Genius Sports Media. CEO Rob Phythian expressed optimism about Masterman's potential to significantly influence the company's future success. SharpLink is focused on connecting sports fans with relevant betting content through its intelligent C4 Sports Betting Conversion technology.

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SharpLink Gaming (Nasdaq:SBET) has expanded its collaboration with Quintar Inc., integrating its C4 sports betting conversion technology into Quintar's AR-enabled Metaverse platform. This partnership aims to enhance user engagement in legalized sports betting states by providing real-time betting content. The Metaverse is projected to reach a market value of $800 billion by 2024, signaling a significant opportunity for both companies. SharpLink’s C4 solution has been validated by major sports leagues, positioning it as a trusted choice for digital betting solutions.

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SharpLink Gaming Ltd. (Nasdaq:SBET) reported its financial results for 2021, highlighting its role as a leader in the U.S. sports betting and iGaming industries. The company utilizes data-driven technology to enhance user engagement and conversion for licensed online sportsbooks. Following the release of its Form 20-F, SharpLink's management will discuss these results in a corporate update webcast today at 11:30 AM ET. The company emphasizes its innovative betting conversion technologies and the potential for industry growth.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced that its subsidiary, Poker Affiliate Solutions (PAS), has been appointed by WPT Global as its Master Affiliate for the new affiliate program. PAS has nearly two decades of experience in the iGaming market and has received multiple accolades as a top affiliate manager. The partnership aims to leverage PAS's expertise to enhance WPT Global's affiliate program as it expands into nearly 100 countries. The global online gambling market is projected to grow from $72.3 billion in 2021 to $131.4 billion by 2027, indicating potential revenue growth for SharpLink.

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SharpLink Gaming Ltd. (Nasdaq:SBET) will host a webcast on May 17, 2022, at 11:30 AM ET to discuss its audited financial results for the year ended December 31, 2021. CEO Rob Phythian and leadership team members will address key business matters. Investors can submit questions via email until May 13, 2022, at 5:00 PM ET. The company plans to file its audited results on Form 20-F with the SEC on May 16, 2022. SharpLink specializes in data-driven sports betting engagement and iGaming solutions, using AI technology for personalized user experiences.

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SharpLink Gaming Ltd. (Nasdaq:SBET) reported it has received a notification from Nasdaq regarding non-compliance with the minimum Market Value of Listed Securities (MVLS). The company has until October 17, 2022, to regain compliance, which requires an MVLS of $35 million for 10 consecutive business days. SharpLink believes it currently meets alternative compliance standards and will confirm this through its upcoming audited financial results for fiscal year 2021.

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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