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SharpLink Gaming Announces First Quarter 2024 Results and Provides Operational Update
SharpLink Gaming, Inc. (Nasdaq:SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced its first quarter financial results for the three months ended March 31, 2024, as reported in the Company’s Quarterly Report on Form 10-Q (“10-Q”) filed with the U.S. Securities and Exchange Commission (“SEC”) on Friday, May 17, 2024.
Commenting on the results, Rob Phythian, Chairman and CEO of SharpLink, stated, “2024 kicked off being marked by a pivotal quarter defined by the successful execution of a series of initiatives. We view each of these important milestones as critical first steps in achieving the strategic transformation of our Company, enabling us to ultimately win distinction as a leading pure-play online affiliate marketing company trusted by and relied upon by our U.S. sportsbook and global casino gaming partners.”
As previously announced, on January 18, 2024, SharpLink sold its Sports Gaming Client Services and SportsHub Gaming Network (“SHGN”) business segments to RSports Interactive, Inc. (“RSports”) for $22.5 million in an all-cash transaction. As a result, the historical results for these segments were reflected as discontinued operations in the Company’s consolidated financial statements included in the 10-Q.
Financial Highlights for the Three Months Ended March 31, 2024 Compared to Three Months Ended March 21, 2023
- Revenues from the Company’s continuing operations totaled $975,946 compared to $1,232,762.
- Net loss from continuing operations declined 18.4% to $1,760,811 compared to $2,157,183.
- Net income from discontinued operations, net of tax increased 2217% to $14,111,167 from a net loss from discontinued operations, net of tax of $666,563.
- Net income totaled $12,350,345, or $3.36 income per share on a fully diluted basis – up 537% from $2,823,746, or $1.01 loss per share.
For more detailed information on SharpLink’s first quarter 2024 financial performance, please refer to Form 10-Q filed with the SEC and accessible at sec.gov or on SharpLink’s website at sharplink.com.
First Quarter 2024 Business Highlights
- On January 18, 2024, completed sale of SharpLink’s Sports Gaming Client Services and SHGN businesses to RSports for $22.5 million in an all-cash transaction.
- Immediately following the sale, SharpLink used a portion of the proceeds from the sale to retire approximately $19.4 million, in aggregate, in outstanding debt obligations, thereby eliminating all interest-bearing debt on its balance sheet.
- On February 8, 2024, regained full compliance with Nasdaq Continued Listing Standards.
- On February 13, 2024, completed domestication merger with SharpLink Gaming, Ltd., changing from an Israel limited liability company to a Delaware corporation.
- In February, established new Board of Directors for SharpLink Gaming, Inc. with the appointments of Rob Phythian as Chairman and Leslie Bernhard, Obie McKenzie and Robert Gutkowski as new independent members of the Board.
Continuing, Phythian said, “Given our strengthened balance sheet; our highly engaged Board comprised of world class, accomplished business executives; and our shared commitment to a strategy that is expected to empower us to capitalize on potentially compelling growth opportunities in the sports, entertainment and media industries, SharpLink has great hopes for our Company’s future. We plan to continue to enhance our value proposition to our sportsbooks and casino operator partners, while also actively seeking opportunities to expand our iGaming affiliate marketing network into new U.S and international markets where online sports betting and casino gaming have been legalized. Moreover, we intend to continue executing our strategic transformation with clarity and focus, and in doing so, we hope to deliver strong, sustainable value creation for our fellow shareholders for many years to come.”
“Unlocking SharpLink’s next phase of growth with purpose and cost-discipline will be key to our long-term success and should provide us with greater agility as we build momentum and look to accelerate our growth prospects as 2024 unfolds. To help support our mission and continued strategic transformation, we have filed a registration statement on Form S-3 with the SEC and accompanying prospectus for an At-The-Market offering (“ATM”) which we may utilize to raise growth capital if and when market conditions permit. We have identified other measures that we may also pursue to optimize our assets and further strengthen the foundation on which we are building the ‘new’ SharpLink. Over the course of the next several months, I look forward to sharing many more details on our plans and future ambitions,” concluded Phythian.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of SharpLink, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Zingo Bingo Launches “Your Era” – A Social-First Nostalgia Series for 2026
Zingo Bingo has officially unveiled Your Era, a new short-form social media content series celebrating iconic throwbacks, shared nostalgia and the cultural moments that defined generations. The series launches in February 2026 and will roll out weekly across TikTok, Instagram, Facebook and YouTube.
Designed to strengthen Zingo Bingo’s identity as a home of nostalgic fun, Your Era focuses on authentic conversation rather than traditional promotional content. The format highlights music, fashion, technology and pop culture milestones that shaped each guest’s personal journey.
Kerry Katona and Pat Sharp Headline Series One
The first confirmed guests include Kerry Katona, singer and media personality best known from Atomic Kitten, and Pat Sharp, the iconic radio and TV presenter associated with classic UK entertainment shows. Additional celebrity names will be revealed throughout the year.
Each episode features five themed nostalgia segments crafted to spark memories, conversation and emotional connections among viewers.
What to Expect from “Your Era”
Every guest takes part in recurring throwback features designed to boost engagement and relatability:
- The Memory Bag – Guests reveal five nostalgic items and share the stories behind them
- Flashback Files – A rapid-fire interview covering music, fashion, tech and cultural trends
- Mixtape Memories – Guests curate throwback tracks for the official Your Era playlist
- Taste of the Past – Sampling retro sweets and snacks while rating nostalgia levels
- Yesterday’s News – A humorous headline-guessing game using real throwback media stories
The series aims to tap into the growing popularity of nostalgia-driven digital content while positioning Zingo Bingo as a community-led entertainment brand.
Built by Kinetic Digital and Blueprintx
Your Era has been developed by Zingo Bingo’s operators, Kinetic Digital, in collaboration with long-term creative partner Blueprintx. Blueprintx has previously supported digital and television campaigns for Kinetic Digital brands including Prime Casino and Slingo.
The production strategy prioritises shareable, short-form content optimised for social discovery and influencer amplification, with episodes distributed across dedicated platform pages as well as guest channels.
A Strategic Play for Community Engagement
Jack Watson, Brand Manager at Zingo Bingo, said the series reflects the brand’s commitment to fun, familiarity and connection.
“Your Era is about celebrating the music we replayed, the fads we cringe at and the memories that still make us smile. It’s designed to bring people together through shared nostalgia while reminding audiences that bingo is about enjoying those moments collectively.”
Series one will feature six guests throughout 2026, with new weekly segments designed to drive audience engagement and repeat viewership.
The post Zingo Bingo Launches “Your Era” Nostalgia Series Featuring Kerry Katona and Pat Sharp appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
app launch Feb 2026
Vibra Solutions Powers Betxico Mobile App Launch in Mexico — Scalable iGaming Platform
Vibra Solutions, the LatAm-focused iGaming technology company, today announced the launch of Betxico’s new mobile app, strengthening Vibra’s presence in Mexico and accelerating Betxico’s rapid growth as one of the country’s fastest-expanding online betting and digital casino operators.
Built for scale and local market needs, the Betxico mobile app represents the latest milestone in a strategic partnership that prioritizes performance, regulatory compliance and user experience. The platform delivers robust support for high concurrent users and real-time transactions, making it well suited to Mexico’s dynamic mobile-first audience.
Fast, local, and scalable technology
Vibra Solutions and Betxico co-developed a scalable technical architecture designed to:
- Support large volumes of simultaneous users and real-time wagering activity
- Ensure low-latency, secure transactions across sportsbook and casino verticals
- Provide localized features and compliance-ready workflows for Mexico’s regulated market
- Enable rapid updates and continuous product innovation through an agile integration model
These technical strengths help Betxico quickly roll out competitive features while reducing time-to-market and operational friction for both mobile and web channels.
Partnership built on growth and trust
“Seeing Betxico establish itself in such a competitive market is extremely rewarding,” said Werter Luna, CEO of Vibra Solutions. “Their high standards and sustained trust have driven product evolution at every stage.”
Francisco Salazar, CCO of Betxico, added: “We’re proud of our progress in Mexico. Having Vibra Solutions as our technology partner was fundamental — allowing us to move forward with confidence and a strong focus on the user.”
Why this matters for Mexico and LatAm
The Betxico app launch underscores Vibra Solutions’ strategy to deliver regulated-market expertise across Latin America by combining localised product design with enterprise-grade platform engineering. For operators and partners, the app demonstrates how technology-led partnerships can accelerate growth while prioritizing player safety, compliance and seamless UX.
Operators, affiliates and players can expect ongoing feature rollouts and performance optimizations as Betxico scales its footprint in Mexico’s competitive iGaming market.
The post Vibra Solutions Powers Betxico Mobile App Launch in Mexico — Scalable iGaming Platform appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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ACR POKER LAUNCHES LARGEST PHIL’S THRILL EVER – AN XXL EDITION WITH $1.5 MILLION GUARANTEED
Aspiring high-stakes players can advance through the ‘Road to the Big One’ satellites and earn their ticket into one of the biggest weekly events on the ACR Poker schedule
ACR Poker is taking its popular weekly high-stakes tournament to another level with Phil’s Thrill XXL, featuring a massive $1.5 million guaranteed prize pool and taking place on Sunday, March 1st. And now with the ‘Road to the Big One’, players of all levels have the opportunity to compete in the $10,300 buy-in showdown, starting from just $95.
The Road to the Big One begins with Beast Satellites, where players can buy-in for $95 on Sunday, February 15th or 22nd at 5:05pm ET. Both satellites guarantee 50 tickets to the next stage, the Mega Satellites, which take place on Sunday, February 22nd and March 1st at 11:05am ET. Players also have the option to buy-in directly to the Mega Satellites for $1,050, with each guaranteeing 20 seats into Phil’s Thrill XXL event, starting Sunday, March 1st at 2:30pm ET.
“Playing Phil’s Thrill is always a highlight for me. The mix of elite competition and atmosphere is unlike any other tournament,” said ACR Pro Chris Moneymaker. “I love how the Road to the Big One gives every player the chance to start small, earn their way into one of the biggest tournaments on the schedule, and battle for massive prizes alongside some of the best players in the game. That journey is what makes it so exciting.”
Designed to deliver the excitement and intensity of high-stakes poker, Phil’s Thrill unites poker’s elite and fearless competitors eager to battle for massive prize pools every week, including ACR Pros Chris Moneymaker and Chris Moorman.
The inaugural event on July 6th last year attracted 46 players for a $460,000 prize pool. Momentum quickly followed, with the August 17th Phil’s Thrill tournament setting a record of 79 entries and a massive $790,000 prize pool. Last Sunday’s 62-entry event generated a $620,000 prize pool, with ACR Poker CEO Phil Nagy finishing in 12th place and ‘FASTPLAYFAST’ claiming the crown, bragging rights, and $173,600.
Poker fans can also get front-row access to Phil’s Thrill action through ACR Poker’s live stream on Twitch, hosted by ACR Pro Rob Kuhn, who welcomes big-name guests every week such as Dylan Linde, Lewis Spencer, and Martin Zamani, among others.
For further details on the ‘Road to the Big One’ Phil’s Thrill XXL, visit ACRPoker.eu.
The post ACR POKER LAUNCHES LARGEST PHIL’S THRILL EVER – AN XXL EDITION WITH $1.5 MILLION GUARANTEED appeared first on Americas iGaming & Sports Betting News.
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