AskMuncher
2 years ago
$BLITF i3 Provides Spotlight on its Investment on Moonshine Technology, operating as Baazi Games
Press Release | 12/21/2021
TORONTO, Dec. 21, 2021 (GLOBE NEWSWIRE) -- i3 Interactive Inc. (“i3” or the “Company”) (CSE: BETS) (FRA: F0O3) (OTC:BLITF) – an emerging market focused online mobile gaming company is pleased to announce an update on its investment in Moonshine Technology Private Limited, operating as Baazi Games (“Baazi”).
As previously disclosed, i3’s investment in Baazi in May of 2021 consisted of $5MM USD, and was based on not moving forward with the acquisition of Baazi as a whole. As previously updated, i3 has invested an amount of $5MM USD for a minority stake in Baazi Games, a leading online gaming conglomerate in India. The said transaction has been consummated and the parties have mutually agreed not to pursue any discussions regarding a follow-on investment. i3 is excited to report on the progress since the time of investment.
As a pioneer in India’s now burgeoning online gaming industry, Baazi has been in business for over 7 years. Baazi has steadily grown into what now is one of India’s biggest and best online gaming destinations, with an ecosystem that caters to gamers of fantasy sports, poker, rummy, and a host of other skill-based games both for real money as well as in a free and social environment. Recently, Baazi’s growth has accelerated, coinciding with the launch of new products, increased marketing spends, which increased player acquisition and in turn revenue. Baazi currently has over 10 million active users across its products, and it offers players a unique experience across the Baazi’s suite of products with unparalleled loyalty programs and user experience. Baazi has one of the biggest and best prize pools in all of India and a world class team operating the business, which has i3 very pleased with its investment and potential future partnerships with the Baazi team and suite of products.
i3 looks forward to updating its shareholders in more detail in the coming months.
ABOUT I3 INTERACTIVE INC.
The Company is in the business of providing customers with a mobile gaming platform which will provide sports fans worldwide with a unique and highly engaging social gaming product, and sports betting and casino product offering. In an effort to break into emerging global markets, i3 has secured its own technology as well as unique marketing positioning which include partnerships with key social media influencers, central to its strategy.
For additional information on the Company:
Email: info@i3company.com
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: the Company breaking into emerging global markets and entering into future partnerships with the Baazi team and suite of products.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to break into emerging global markets and enter into future partnerships with the Baazi team and suite of products
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to break into emerging global markets and enter into future partnerships with the Baazi team and suite of products; the risks associated with the internet gaming industry in general; increased competition in the online gaming market; the potential future unviability of the Company’s products; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to the online gaming; risks associated with a potential collapse in the value of online gaming services; risks associated with the Company’s ability to continue generating a profit; the Company’s inability to build a global online gaming presence; the inability of the Company to use its current progress as a springboard into additional markets; and the Company’s inability to break into the Indian online gaming market.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
AskMuncher
3 years ago
$BLITF Bet On It: CEO’s of GAN Limited, FansUnite, DraftKings and i3 Interactive - Leading Global Boom in Online Betting Markets
Press Release | 02/19/2021
NEW YORK, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: GAN Limited (NASDAQ: GAN), i3 Interactive (CSE: BETS) (OTC: BLITF) FansUnite (OTC: FUNFF) (CSE: FANS), and DraftKings Inc. (NASDAQ: DKNG).
Online betting markets are booming, with pent-up demand for sports betting unleashed, and new markets opening. With the recent success of New Jersey generating over $1 billion in taxable income per month, more states hungry for tax revenues are opening up to sports betting and gaming. Canada is now expected to open the market for sports betting with the passing of Bill C-218. Wall Street Reporter highlights the latest comments from industry thought leaders:
i3 Interactive (CSE: BETS) (OTC: BLITF), CEO Chris Neville: "Building Next Billion Dollar Global Betting Giant"
In a recent interview at Wall Street Reporter’s NEXT SUPER STOCK livestream, i3 Interactive (OTC: BLITF) (CSE: BETS) CEO Chris Neville, shares his company’s ambitious global strategy, with a unique focus on India. As a pioneer of online gaming with almost 20 years experience, Neville sees a strong parallel between the poker boom of the early 2000’s and the Indian market today.
Watch i3 Interactive (OTC: BLITF) NEXT SUPER STOCK Video: http://bit.ly/2Zuubon
India is one of the fastest growing online gaming markets in the world. With a growing population, especially the middle class, a burgeoning economy, the fastest internet adoption in the world, and with 65% of the population under the age of 35, India is the perfect storm for skill based online gaming.
i3 Interactive (OTC: BLITF) (CSE: BETS) sees India as the perfect launchpad for its global betting business, with relatively low customer acquisition costs, less competition, and blue sky upside potential. By partnering with Indian social influencers such Bollywood celebrities and cricket stars, i3 Interactive (OTC: BLITF) (CSE: BETS) reaches their 150 million followers in India. I3 is also expanding into new untapped global gaming markets such Canada which is about to legalize sports betting.
Watch i3 Interactive (OTC: BLITF) NEXT SUPER STOCK Video: http://bit.ly/2Zuubon
DraftKings Inc. (NASDAQ: DKNG), CEO Jason Robins: “Huge Pent-up Demand for Sports Betting"
“...As sports have started to return, we saw revenue improve sequentially each month in the quarter, with June revenue increasing 20% year-over-year on a pro forma basis. This strong overall results and improvement are due to our product innovation, our entry into new jurisdiction, and pent-up demand for sports betting as Live Sports like Golf, European Soccer, NASCAR and UFC started to return. In the first two weeks of MLBs return, we saw three times the handle compared to the first two weeks of the 2019 MLB season. In the first week of the NHL’s return, our handle is more than twice the handle of the first week of the 2019 NHL playoffs...”
“...We significantly expanded our eSports offering and have seen exponential growth in this category. We added popular Madden simulated games and began to include streaming sports within our app, which has become a very popular feature. In fact, since the return of the NHL, the NBA, and Major League Baseball, users have continued to engage with eSports, which gives us confidence in that product’s future….We believe eSports is going to be a huge category - it's when not if...we believe ultimately eSports betting will be if not the biggest, certainly one of the biggest categories of sports betting over the long-term.”
DraftKings (NASDAQ: DKNG) Earnings Call Highlights: https://bit.ly/2Hg4wcV
FansUnite (OTC: FUNFF) (CSE: FANS) “Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting”
In a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton explained how the company’s latest distribution deal with an online casino games aggregator, sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve - while adding multiple aggregators for each game - reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF - per online casino - and the potential to be in hundreds of online casinos - these numbers can quickly add up.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3phwp53
February 10 - FUNFF engages the services of Ifrah Law PLLC, a prominent U.S. gaming law firm to collaborate with OneComply Inc. in assisting FansUnite with their U.S. licensing strategy. In response to the interest that FansUnite has received from U.S. gambling and casino operators for their sports betting and iGaming solutions, a founding member of Ifrah Law, Jeff Ifrah, will provide counsel to FansUnite on their rapid expansion strategy across the different U.S. jurisdictions beginning with New Jersey.
January 11 - FUNFF closes an oversubscribed C$13.4 million private placement driven by strong investor demand. "The successful closing of this upsized financing provides further validation that the global gambling market is seeing a resurgence in demand from investors," said Scott Burton, CEO of FansUnite. “As we now look to advance our operations globally, we believe this additional capital will allow us to explore strategic initiatives and execute on our vision of becoming a globally recognized iGaming leader."
December 16 - FUNFF gains first-mover advantage into the U.S. E-Sports betting market, as it’s long-term partner GameCo joins US Bookmaking and Sky Ute Casino to establish the first dedicated esports sportsbook in the United States. FUNFF wholly-owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution. Through GameCo's partnership with Sky Ute Casino and US Bookmaking, FansUnite will be the first iGaming solutions provider to receive significant exposure in the U.S. esports betting market.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3phwp53
GAN Limited (NASDAQ: GAN) CEO Dermot Smurfit: “On Path To $100 Million Revenue with Online Sports Betting and Casinos”
“..While both the consumer attention and client demand remains focused on sports betting, the real core of the U.S. internet gambling profit opportunity lies inherently within the online casino, which is only unlocked by the mass market appeal of sports betting being a technical and operational capability, we will shortly possess…”
“When you combine online casino gaming with internet poker, and of course, internet sports betting, New Jersey generated in excess of $132 million of gross operating revenue in that single state in the single month of October. This amount would have seemed implausible just two years ago. New Jersey is now on a path where internet gambling revenues could be on a monthly run rate to exceed pre-COVID retail gaming revenues by the end of 2022. I’ll state this again, because it is incredibly important for everyone to understand the magnitude of the structural shift in the retail casino industry. New Jersey’s internet gambling market is on a growth path to exceed pre-COVID monthly retail casino gaming revenues within 18 months, possibly less. This all points to bright line a truth that COVID combined with the advent of internet sports betting and the associated strong cross-sell of sports gamblers into online casino gaming has manifestly altered expected future growth opportunities in this industry for decades to come...Our continuing mission is to bring retail casinos online with our technology platform focused principally on delivering all forms of internet gambling content, including casino gaming and sports betting.”
GAN Limited (NASDAQ: GAN) Earnings Highlights: https://bit.ly/32QlM0m
WALL STREET REPORTER
Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K
About Wall Street Reporter’s Next Super Stock conference:
Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/
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AskMuncher
3 years ago
$BLITF i3 commends Canadian Government efforts to legalize single event sports betting in Canada
Press Release | 02/18/2021
TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) -- i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – is pleased to announce that, Bill C-218 was voted on and passed at second reading in the House of Commons on February 17, 2021. If Bill C-218 passes as currently constituted, it would grant provinces and territories in Canada the responsibility of regulating single-events sports gambling.
Referred to as The Safe and Regulated Sports Betting Act, Bill C-218 repeals a section of Canada's criminal code making wagering on a single sporting event illegal. Bill C-218 will now enter into the last phase of hearings with the Justice Committee where it could receive further amendments, and will then be sent to the Senate and the Governor General for Royal Assent.
The vote was passed with overwhelming support in the House of Commons, which demonstrates the vast level of support from all parties for single-event sports wagering in Canada.
Chris Neville, CEO of i3 states, “The passing of Bill C-218 in the House of Commons with a vote of 303-15 is a positive move for the online gambling industry in Canada. The state of New Jersey alone is generating $1 billion dollars of taxable income per month for the New Jersey government with the NJ receiving 16.5% of this billion monthly. With the recent pandemic and the state of the financial economy of Canada, this bill comes at the best time possible. Sports are a popular source of entertainment during this pandemic, and allowing people to bet on their favourite sports team will add so much excitement for the viewers. If this law is passed, the citizens of the country will no longer fear dealing with offshore books and getting their money paid out after successful bets. We expect this to be a prosperous industry in Canada.”
“From a inter-company standpoint this will help progress our growth in the Canadian market and help grow our revenue to the levels to enhance shareholder value”, says Chris Neville.
ABOUT I3 INTERACTIVE INC.
The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.
For additional information on the Company:
Email: info@i3company.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to: the passing of Bill C-218 by the Justice Committee, the Senate, and the Governor General for Royal Assent; Bill C-218, if passed, adding excitement for viewers in Canada; the single events sports gambling becoming a prosperous industry upon Bill C-218’s passing; and Bill C-218, if passed, progressing the Company’s growth in the Canadian market and helping grow the Company’s revenue to enhance shareholder value. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company's financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities; (v) the Justice Committee, the Senate, and the Governor General will approve Bill C-218 as currently drafted, or at all) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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