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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. (Nasdaq:SBET) announced that CEO Rob Phythian will participate in a panel at the 2022 Fantasy Sports & Gaming Association Winter Conference in Las Vegas on February 15-16, 2022. The conference is a key event for the fantasy sports and gaming industry, representing the interests of 60 million players in the U.S. and Canada. Phythian's panel, titled 'Exploding into Sports Betting and Fantasy Sports,' is scheduled for February 16, 2022, from 12:30 PM to 1:15 PM PT, at The Linq Hotel.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced its intention to change its jurisdiction of incorporation from Israel to Delaware by filing a registration statement with the SEC. CEO Rob Phythian stated that this decision aligns with the company's operations being predominantly U.S.-based and aims to benefit shareholders through Delaware's corporate governance principles. The company will merge with a newly-formed Delaware subsidiary, and the stock will continue trading under the same symbol. A special shareholder meeting for approval is expected in Q2 2022.

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SharpLink Gaming Ltd. (Nasdaq:SBET) has announced a strategic acquisition of assets from FourCubed Management, LLC and 6t4 Company for $8.15 million. The deal includes $6.5 million in cash and 600,000 restricted shares. This acquisition aims to enhance SharpLink's capabilities in iGaming and affiliate marketing, leveraging FourCubed's technology and expertise. With over 2.5 million active players, SharpLink expects to unlock significant value and improve customer lifetime value. The acquisition positions SharpLink for growth in the growing U.S. online betting market.

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SharpLink Gaming Ltd. (Nasdaq: SBET) announced that its shareholders approved key matters at the Annual General Meeting held on December 20, 2021. The reelection of board members Joe Housman, Rob Phythian, Chris Nicholas, Paul Abdo, and Tom Doering was successfully concluded, ensuring continuity in leadership. Additionally, shareholders ratified the appointment of RSM US LLP as the company’s independent public accountants for 2021, allowing for flexibility in compensation management by the Board of Directors based on services rendered.

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SharpLink Gaming Ltd. (Nasdaq: SBET) announced CEO Rob Phythian will participate in a panel at the SBC Summit North America 2021 on December 1, 2021. The panel, titled “Building Sustainable Revenue through Technological Innovation,” will feature industry leaders discussing opportunities within the U.S. sports betting sector. SharpLink, founded in 2019, specializes in connecting sports fans with relevant betting content using AI technologies. The company's focus on technological solutions aims to enhance user engagement and conversion in the online betting landscape.

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SharpLink Gaming Ltd. (Nasdaq:SBET) announced a securities purchase agreement with an existing institutional investor for the sale of 1,413,075 shares at $3.75 each, raising gross proceeds of $10 million. After expenses, net proceeds are estimated at approximately $9.9 million, intended for technology and business development initiatives. Additionally, the investor is set to purchase a warrant for 2,666,667 shares at an exercise price of $4.50, which could yield another $12.15 million upon exercise. The offering is expected to close around November 19, 2021.

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SharpLink Gaming Ltd. (Nasdaq:SBET) and Quintar, Inc. announced a partnership to integrate SharpLink’s C4 Sports Betting Conversion Technology with Quintar’s Q.reality Augmented Reality technology. This collaboration aims to create an enhanced interactive experience for sports fans, merging live sports events with real-time sports betting. The platform will allow bettors to engage with live events through AR and will support mobile, TV, and AR devices. The global AR market is projected to exceed $125 billion by 2026, presenting significant growth potential for both companies.

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SharpLink Gaming Ltd. (Nasdaq:SBET) has announced the rescheduling of its Corporate Update Webcast to December 15, 2021, at 11:30 AM ET due to an unforeseen scheduling conflict. Investors and analysts are invited to submit questions via email by December 10, 2021. The company specializes in technology solutions for the online sports betting industry, offering a platform that enhances user experience and engagement. Founded in 2019, SharpLink provides personalized betting offers through advanced AI and modeling techniques.

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SharpLink Gaming Ltd. (Nasdaq: SBET) will host its Annual General Meeting of Shareholders on December 20, 2021, at 4:00 PM CT at its headquarters in Minneapolis. The agenda includes the reelection of directors and the approval of RSM US LLP as independent accountants for 2021. Shareholders of record as of November 16, 2021, can vote at the meeting. A proxy statement will be mailed by November 22, 2021, detailing proposals. Shareholders can express their positions on agenda items until December 10, 2021. Voting by proxy must be received four hours prior to the meeting.

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SharpLink Gaming Ltd. (Nasdaq: SBET) announced a corporate update webcast scheduled for November 17, 2021, at 11:30 AM ET. The event, led by CEO Rob Phythian and the leadership team, will discuss business progress, growth strategies, and operational highlights. Investors are invited to submit questions via email by November 12, 2021. Founded in 2019, SharpLink specializes in connecting sports fans with online betting solutions through its C4 Sports Betting Conversion Platform. The company utilizes advanced AI technologies to personalize betting offers for users based on their preferences.

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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 $0.619 as of November 1, 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 2.1M.

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

2.13M
3.51M
15.89%
3.79%
0.84%
Gambling
Services-prepackaged Software
Link
United States of America
MINNEAPOLIS