- Decision to legalize sports betting at state levels should expand opportunities in the legalized gambling industry
- Capable of servicing a broad range of vertical markets in the fintech space
- E-commerce estimated to reach $4.058 trillion in 2020
A new Supreme Court ruling could lead to state sanctioned gambling on college and professional sports, removing the decision from federal oversight. This is a welcome change in the gaming industry, as polls show that the majority of Americans support legalized sports betting. An estimated 15 million Americans actively participate in illegal betting according to a report by the gaming industry (http://nnw.fm/nSA2M). Since fans and sports organizations love data analytics, this trend, and the potential legalization of betting, gives those within the gaming industry an exciting opportunity. With illegal sports betting in the United States estimated at $150 billion, according to the American Gaming Association (http://nnw.fm/k5g5B), Consorteum Holdings, Inc. (OTC: CSRH) is positioned for growth with its revolutionary predictive analytics platform and the legalization of the industry.
CSRH is a software development and mobile publishing company, with its primary focus in the mobile gaming sector. The company plans to release its first global sports app in 2018, offering massive amounts of compiled historical data and updates on cricket teams and players. With 2.5 billion worldwide cricket fans, this first predictive data analytics mobile offering will provide CSRH with an excellent position as it enters the gaming sector.
The cricket analytical tool is only one example of the application of CSRH’s state-of-the-art Universal Mobile Interface™ (UMI). The UMI platform is unique and flexible for clients’ needs and is capable of delivering and managing complex, digitally secure transactions. The company’s distribution strategy includes an array of license agreements and joint venture strategic agreements. CSRH management has spent the last several years developing relationships that will enable it to participate in the rapidly developing fintech market and its associated verticals.
The mobile gaming industry is not the only growing market vertical in which CSRH has an advantage due to its revolutionary UMI platform. E-commerce has been on a steady rise, expanding into existing markets such as grocery, personal care and apparel, and it is estimated to reach $4.058 trillion in 2020 (http://nnw.fm/Nvg5y). Retailers are working to capitalize on this growth by creating easy-to-use mobile applications. CSRH is uniquely positioned to make this a reality for retailers. Specializing in the delivery of complex mobile solutions and mobile payment solutions, the company is positioned to approach many different markets in the business of providing mobile connectivity, secure transactional processing and social connectivity. The rise of e-commerce is good news for CSRH.
For more information, visit the company’s website at www.Consorteum.com
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