--News Direct--
McapMediaWire - Winners, Inc. (OTC: WNRS) through its operating subsidiaries provides sports betting enthusiasts with high-quality content, analysis, research, data, and guidance for popular betting sports announced it has executed an agreement with ClickStream Corp. (OTC: CLIS) whereby Winners agreed to buy back 154,012,000 shares of Winners common stock owned by ClickStream for $160,265.63. This transaction reduces Winners outstanding shares of common stock from 336,529,857 to 182,517,857.
Wayne Allyn Root, CEO of Winners Inc. stated: “When I started this company my number one mission was aggressive growth. Not only are we expanding our product line but we’re also looking at potential acquisitions that fit our business model. We've only just started and the buyback of the ClickStream shares substantially reduces our outstanding shares of common stock, thereby enhancing shareholder value. I look forward to updating our progress in the weeks ahead."
VegasWinners is a licensed sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently licensed in several states and has made application in additional states. It is the intent of VegasWinners to get licensed in all states that allow online sports gambling. To date online sports gambling has been legalized in; Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia, Wyoming & Ontario.
The global sports betting market accounted for USD 83.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030 as reported by Grand View Research. The demand for sports betting is driven by factors such as the major shift in the regulatory landscape of the global gambling sector, the penetration of connected devices, and the developing digital infrastructure. The global sports sector has been greatly influenced by the COVID-19 pandemic due to restrictions on sporting activities across the globe. However, online sports betting gained popularity during the pandemic due to an upsurge in eSports and similar forms of betting. In addition, increased usage of smartphones has led to the wide availability and accessibility of sports betting, consequently propelling the global market. For instance, according to a recent survey from Uplatform, a sports betting and casino operating platform, mobile devices accounted for about 70% of online betting revenue in 2020.
ABOUT WINNERS, INC.
Winners, Inc. (OTC PINK: WNRS) through its subsidiaries is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. Its Subsidiaries: VegasWinners is a registered sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently registered in West Virginia, Indiana, Colorado, New Jersey, Tennessee, Pennsylvania and able to operate in New York, Nevada, Mississippi, Wyoming, Illinois, Iowa, Louisiana and has made application in several additional states; The LongShot Report is a rapidly growing internet/online subscription-based company that gives advice on sports picks for fantasy and sports betting including but not limited to football, basketball, baseball, hockey and golf with an online platform and mobile app available for download at the App Store and Play Store. For more information, please visit the websites VegasWinners and The LongShot Report and on Social Media at Twitter.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
FOR MORE INFORMATION, PLEASE CONTACT:
Wayne Allyn Root
Chief Executive Officer
SOURCE: Winners, Inc.
Contact Details
Winners, Inc.
View source version on newsdirect.com: https://newsdirect.com/news/winners-inc-wnrs-reduces-its-outstanding-shares-by-over-50-270031385
