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SharpLink Gaming Announces First Quarter 2024 Results and Provides Operational Update

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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.

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N1 SEO Traffic Cup: One Month to Unlock Rewards

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N1 SEO Traffic Cup — the first tournament for SEO teams in the global N1 Traffic Cups series by N1 Partners — is entering its final stage. Halfway through the competition, this is now the key period that will ultimately determine which teams secure positions in the prize levels.

At the same time, it’s still not too late to enter the race and compete for rewards. The tournament is not only about FTD volume — the number of active brands also plays a crucial role. Thanks to the built-in multipliers, teams can significantly accelerate their N1 Cup Score and quickly strengthen their position on the leaderboard.

Results depend entirely on each team’s performance: prize levels are not limited by the number of participants, and any team that reaches the required number of points secures its place. This means you’re not competing for fixed spots but focusing on scaling your own result and hitting the next level.

Progress of the race

More than 250 teams continue to actively drive FTDs to N1 Partners brands, striving to earn points and moving up through the levels.

Working across multiple products gives teams a clear scaling advantage, especially in the final stage. At the same time, the level-based structure allows both large and smaller teams to compete and earn rewards based on their performance — with 5 teams already reaching prize tiers and continuing to push for higher levels, where rewards become even more valuable. Current interim results are published weekly in a private channel available exclusively to tournament participants.

As Alexa Bond, Head of Affiliates at N1 Partners, notes:

“We’re seeing strong engagement from partners — more teams are reaching out, exploring new brands from our portfolio, and actively looking for ways to strengthen their results. If you’re working with SEO traffic, now is the right time to connect with your affiliate manager, discuss your strategy, and explore how to scale and get the most out of the tournament.”

Prize tiers and rewards

The prize pool of N1 SEO Traffic Cup is one of the most extensive and flexible on the market. Teams are distributed across tiers based on their score and can choose either a specific reward or its cash equivalent.

Level 1 (7,000+ points) – €25,000 per team

  • VIP experience at the Formula 1 Monaco Grand Prix
  • Trip to a FIFA World Cup 2026 match in the USA
  • 7 nights in the Maldives with business class flights
  • Rolex Cosmograph Daytona
  • BMW S 1000 XR motorbike
  • Hublot Unico Titanium

Level 2 (3,500–6,999 points) – €15,000 per team

  • One week of golf at Monte Rei with a private villa stay
  • Private island getaway in the Seychelles (Four Seasons Desroches Island)
  • Ducati Monster motorbike
  • Bottega Veneta travel kit

Level 3 (1,500–3,499 points) – €7,000 per team

  • Zero-gravity flight (90 minutes)
  • Custom Luxury ski or snowboard gear set of your choice
  • Balenciaga Snowboard
  • Cartier Juste un Clou bracelet
  • Kronos Massage Chair

Level 4 (500–1,499 points) – €5,000 per team

  • Apple Vision Pro
  • MacBook Pro M4
  • Cartier LOVE ring
  • Pioneer OPUS-QUAD DJ system
  • Sonos Arc Ultra home audio system
  • Dior beauty set

Extra rewards for participants

Even without reaching the prize tiers, teams still have a chance to win. Bringing just 20 FTD per brand is enough to qualify as a participant and enter additional prize draws. These include PlayStation 5 Pro, iPhone 17 Pro Max, and exclusive N1 Partners merch.

Brand Index: a mechanic built for scaling results

One of the key features of N1 SEO Traffic Cup is the “Brand Index” mechanic. It rewards not only FTD volume, but also traffic diversification. The more brands a partner works with, the higher the multiplier applied to their results.

The core metric — N1 Cup Score — is calculated as: FTD × brand multiplier

The multiplier depends on the number of active brands:

  • 1 brand — x1
  • 2–3 brands — x2
  • 4+ brands — x5

Join the N1 SEO Traffic Cup

Period: March 1 – April 30, 2026
Results announcement: by May 10
Entry: from 20 FTD per brand

N1 Partners means:

  • 14+ casino and sportsbook brands with up to 70% Reg2Dep
  • 10+ Tier-1 GEOs
  • CPA up to €700 and RevShare up to 45% + NNCO for top partners
    Be number one with N1.

The post N1 SEO Traffic Cup: One Month to Unlock Rewards appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Super Bingo at Plaza Hotel & Casino offer locals BOGO registration

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The Plaza Hotel & Casino, home to downtown Las Vegas’ only bingo room, is inviting Clark County residents to join the exciting $160,000 Super Bingo event from May 11–13, with the added perk of bringing a friend for free.

Held in the Plaza’s ballroom, Super Bingo attracts nearly 1,000 players from across the country—and even as far as Hawaii and Canada—for two days of thrilling bingo action. Highlights include a $30,000 coverall on May 12 and a $40,000 coverall on May 13, offering huge prizes alongside a fun, social atmosphere for bingo enthusiasts.

  • Bingo-only registration: $160 per person
  • Clark County residents: Register and bring a friend for free
  • Register online: Super Bingo Registration

Hotel & Bingo Packages start at $140 for a four-night stay with no resort fee.

All Super Bingo players receive:

  • One 6-on paper pack for both days
  • Two daubers
  • Free drinks via an open bar at all sessions
  • Pastries and Pinkbox Doughnuts in the morning
  • Boxed lunches each day
  • $10 free slot play after the first day’s session

Beyond the Super Bingo event, the Plaza’s bingo room hosts six daily sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m., and 9 p.m. Located two floors above the main casino, it’s easily accessible via the Plaza’s self-parking garage, with direct entry from the third floor.

Don’t miss this chance to win big, socialize, and experience the only dedicated bingo room in downtown Las Vegas!

The post Super Bingo at Plaza Hotel & Casino offer locals BOGO registration appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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HERA WINS RED BULL WOLOLO: LONDINIUM AGE OF EMPIRES II

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Team Vitality celebrated its first Age of Empires II LAN victory as Hamzah “Hera” El-Baher triumphed in the Red Bull Wololo: Londinium final, defeating teammate Kai “Liereyy” Kallinger 5-4. Held at London’s iconic Royal Albert Hall, the event drew a packed live audience and thousands of online viewers, transforming the historic venue into a competitive arena for the world’s best players.

Hera dominated the tournament, following up his recent win at the T90 Titans League 5: Platinum League, consolidating his status as one of the top players globally. Team Vitality’s depth was evident, with Liereyy finishing second and Hernan “Hearttt” Pizarro placing sixth.

“Winning at our first LAN on Age of Empires II, and at the Royal Albert Hall no less, is incredible,” said Danny Engels, Team Vitality’s Corporate Director of Global Operations. “A first and second place for our roster reflects our dedication, training, and the support of our fans worldwide.”

This win marks Team Vitality’s successful entry into Age of Empires II, strengthening the French club’s presence in competitive esports. The team will continue its momentum by co-hosting The Garrison 2026 LAN in Hamburg, Germany, from November 25–29, 2026, expected to draw up to 1,000 spectators and become a major fixture on the AoE2 circuit.

The post HERA WINS RED BULL WOLOLO: LONDINIUM AGE OF EMPIRES II appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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