Kings Entertainment Group Inc., an online casino, sportsbook, and lottery operator in Canada, has announced its listing on the Canadian Securities Exchange. The listing is meant to help the operator gain access to a broader capital base. During a press release on Friday, the firm explained that the move would also facilitate its expansion to the global market. Besides that, the company’s shares would be listed on the Toronto bourse.
Rising Interest
Kings Entertainment Group Inc. was founded in 2005 and is accountable for the domains at LottoKings.com as well as WinTrillions.com. The firm intends to utilize its newest listing to attract a global player base to the two websites through expansion of the sportsbook and the live dealer casino games.
Critical Component
The Kings Entertainment Group Inc. Chief Executive Officer, Steve Budin, describes his move as a critical component to the company’s overall growth and productivity. He added that his brand has a positive reputation in the market and is a global leader in the lottery sector. His intention is to use the existing robust presence in Latin America to enhance global growth in the European and US online gaming markets.
In his speech, Budin said, “Our launch on the Canadian Securities Exchange will provide access to a much larger investor base and accelerate our global expansion. This is the first of several key steps in our long-term capital formation strategy.”
Plans for the Future
This year, Kings Entertainment Group Inc. strives to increase the number of jurisdictions where it is regulated. It intends to invest in software and licenses required to access the emerging markets globally.
High Profits Likelihood
In a press release that took place on January 17, Kings Entertainment Group Inc. declared that it aims to make close to 17.8 shares accessible to traders through the Canadian Securities Exchange. The company looks forward to pocketing at least $7 million in the region. However, in 2019, the global iGaming market was worth $55 billion, which is expected to rise up to 16.% annual growth by 2026.
