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ZenSports Launches Esports Betting Within its Platform

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9-13-2 ZenSports Launches Esports Betting Within its Platform
9-13-3 ZenSports Launches Esports Betting Within its PlatformReading Time: < 1 minute

 

ZenSports, the mobile peer-to-peer sports betting marketplace, has announced the launch of Esports betting within its platform, including the two major titles of League of Legends and Counter-Strike: GO.

“Since launching last year, we had our best month ever in February 2020, processing over $2.5M worth of bets in our platform. But then, of course, the bottom fell out last month when all of the major sports leagues postponed their matches due to COVID-19,” Mark Thomas, Co-Founder and CEO of ZenSports, said.

“It was certainly a challenging situation to be faced with last month. But we’re a scrappy, resourceful startup. Unlike larger companies that would have a tough time of adjusting, we were able to move quickly to stay relevant and continue offering our customers a great betting experience in our app,” Thomas added.

While the Esports betting market is currently a fraction of what traditional sports betting is, there is reason to believe that Esports betting is poised for major growth. As more people stay locked down due to COVID-19, the demand for at-home sports entertainment is expected to grow. Esports gives bettors the same live, reality TV style for sports that comes with traditional sporting events, without the risk of mass gatherings and crowds that the major sports leagues currently face.

“Esports was already on our roadmap to add in Q4 of 2020. COVID-19 simply accelerated that timeline. We’re confident that traditional sports leagues will return soon, and that, coupled with our new Esports offering, gives us a wide array of betting options for our customers,” Thomas said.

ZenSports is also planning to launch MMA, NASCAR and additional soccer leagues in the coming weeks.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: ZenSports Launches Esports Betting Within its Platform

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing

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4-29 FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing
4-29-1 FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming LicensingReading Time: < 1 minute

 

FANDOM SPORTS Media has retained Segev LLP as lead counsel for all endeavours pertaining to global iGaming licensing. The Company will be undertaking a strategic review to prioritise jurisdictions that will enable the firm to expand its regulatory footprint efficiently and at scale.

Segev LLP employs a strong iGaming team with corporate, commercial, IP commercialisation, M&A, private equity finance, public markets finance, privacy and data, and regulatory and compliance experience.

In advance of the iGaming initiative, the Company has also secured a domain and brand identity surrounding the betting platform. www.gamersatodds.com unifies the business plan and opportunity that the Company will be executing upon.

“We are pleased to take definitive steps towards accelerating our dual initiatives of the all ages Esports engagement platform and the pure play regulated Esports betting platform. Regulated Esports betting is now a mainstream business opportunity and there is an implied quantifiable value for these types of businesses. We look forward to accelerating our licensing initiatives and building a true global Esports betting brand that is fully regulatory and compliant,” David Vinokurov, CEO and President of Fandom Sports, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing

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MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements

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8-1-2 MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements
8-1-3 MGA Publishes Consultation Paper on Suspicious Betting Reporting RequirementsReading Time: < 1 minute

 

The Malta Gaming Authority (MGA) has published a consultation paper on suspicious betting reporting requirements and other sports integrity measures.

In August 2019, the Malta Gaming Authority announced the establishment of a Sports Integrity Unit. It is the Authority’s intention to implement a set of Suspicious Betting Reporting Requirements, which will oblige B2C licensees offering betting on sporting events to inform the Authority of any instance of suspicious betting.

Prior to bringing into force these requirements, the Authority is reaching out to stakeholders for feedback on the proposed mechanisms for due consideration. In consolidating perspectives of interested parties through public consultation, the Authority is better placed to implement effective and efficient regulatory processes around suspicious betting in the sports betting sector.

In addition, the Authority is also interested in initiating a dialogue with B2B licensees to consider what their contribution towards sports integrity can look like in terms of detection and exchange of information with either B2C licensees, or the Authority itself.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements

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Digital Chain Chief Executive Iryna Kurochinka to Step Down

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2-22 Digital Chain Chief Executive Iryna Kurochinka to Step Down
2-22-1 Digital Chain Chief Executive Iryna Kurochinka to Step DownReading Time: < 1 minute

 

Iryna Kurochinka, founder and chief executive of Digital Chain, is to step down from her role later this year.

Kurochinka will leave the business on July 1, in order to pursue other projects. Until a replacement CEO is hired, the company’s board of shareholders will take charge of the agency’s strategic and operational management.

“I have put all of myself into this project and I am incredibly proud of the result that the team and I have achieved. Digital Chain today is a chain of knowledge, inspiration, and support, the most powerful comprehensive expertise, experience in both local and global markets,” Kurochinka said.

“The agency has successfully overcome the turning point of all startups, the first three-year period, and is ready to confidently move on. Plans for the future are outlined, and a new leader’s fresh approach will help to find new and effective ways to achieve them,” she added.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Digital Chain Chief Executive Iryna Kurochinka to Step Down

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