ZK International Invests an additional 10 Million dollars in Maximbet
WENZHOU, China, Sept. 15, 2021 /PRNewswire/ -- -- Isn't it? ZK International Group Co., Ltd. (Nasdaq: ZKIN) A total of ten million dollars has been invested in Maximbet.com ("Maximbeat"), with the growing majority of the sports betting and casino operators growing to 15,733%.
Maximbet is a privately owned multi-state and globally licensed sports betting and casino operator focused on capitalizing on the new legalized sports gambling market in the United States. The US market is seeing a rapid growth year over year, with year-over-year transactions increasing by 126%. Cathie Wood's ARK Investment Management LLC believes total wagers placed in the US could increase 9x to 180 Billion by 2025.
1651135 - bloomberg.ca/football-s-gambling-boom-has-investors betting-on-the-house-1.16511135
ZKIN is thrilled to hold a significant equity position in Maximbet with the option of increasing its position to 25%. The Company successfully extended its options until January 1, 2022. ZKIN believes that Maximbet has the management team, the technology, its operating expertise and the brand marketing power to rival the largest multi-billion dollar players in the space.
Maximbet.com launched its international site in August and went live in Colorado on September 2nd. ndnd mndbnd. . In partnership with Caesers Entertainment, it will continue to expand into Indiana, Iowa and New Jersey throughout Q4'21. In 2022, Maximbet will continue expanding to additional states with the Company expecting to live in at least 50% of the legalized US market by the end of each year.
"The team at ZKIN continues to execute on the Company's strategy of sourcing, negotiating and investing in favorable positions in high-growth sectors," says Jiancong Huang, Chairman of the company. "ZKIN will continue to support its investee companies as soon as they explore different exit strategies."
If you want to learn more about MaximBet, and try to win the epic trip to the Big Game, visit the museum. http://www.MaximBet.com/ / http/www/maximbet/. . MaximBet's access to Arizona is subject to license availability and regulatory approvals.
About ZK International Group Co., Ltd. About XK international group, Inc.
ZK International Group Co., Ltd. ZKIN is a Chinese engineering company that builds and invests in modern-day technologies. ZKIN is focused on the development and implementation of next-generation solutions through industrial, environmental and software engineering. With the focus on design and implementing these solutions, ZkIN owns 28 patents, 21 trademarks and 2 Technical
ZKIN's core business is to manufacture and produce high-performance stainless steel and carbon steel pipe products that deliver high quality, highly sustainable and environmentally sustainable drinkable water to China, Asia and the European markets. It'll be Certified ZKIN supplied stainless steel pipelines for over 2,000 projects, including the Beijing National Airport, the "Water Cube" and the Bird's Nest", which were venues for the 2008 Beijing Olympics. Zk International is
ZKIN established its own fully-owned xSigma Corporation to develop innovative software solutions that support its core operations while exploring new opportunities in smart contracts, distributed ledgers, supply chain management and blockchain architecture. xSigma Labs is a team of world-class developers and engineers who were previously formerly of Facebook, Google, Amazon, Ripple and 1inch, launching their first DeFi project in the fall of 2020,
ZKIN announced the formation of its new, wholly owned subsidiary, xSigma Entertainment Limited in March of 2021. xSigma is a diversified, ambitious gaming business. Founded in 1994, it was formed in the integrated network of companies focused on developing and investing in innovative software solutions.
For more information please visit our website. www.ZKInternationalGroup.com www-skkinternational.ca/. . Follow the Company for more. Please follow the company on-line also. Twitter Twitter , a. Facebook , yeah! YouTube YouTube , and a thou & b. ; and and toy, et c. Weibo is weibeo. . For more information about the company's SEC filings, please visit the website. www.sec.gov. .
About MaximBet About about MaximalBetting.
The multi-billion dollar legalized Sportsbetting and iGaming industry is based on the rapidly growing number of licensed sports betting and casino operators in the United States. The company was formed by top executives with more than 100 years collective experience in the gaming industry and uses proprietary technology to build personalized consumer betting experiences. MaximBet provides players a real life and virtual access to celebrities, athletes and influencers, and lets guests live the Maximal lifestyle wherever they live and play.
A statement of Safe Harbor with Safeguard Statement.
The news release contains forward-looking statements in the meaning of the Securities Act of 1933 and Section 21E of Securities Exchange Act 1934, as amended, and as defined in U.S. Private Securities Litigation Reform Act 1995. Without limiting the generality of the foregoing, words such as "may," "will," and "expect," or "believe," in particular, "anticipate,"" or the negative or other variations thereof, If statements of expectations, projections or other characterizations of future events or circumstances are forward-looking statements, please read our full report. Considering the important uncertainties that surround the forward-looking statements, the inclusion of such information should not be regarded as a representation of the u.s. and other countries that they are able to achieve their objectives and plans, ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date of the present date, or to change the circumstances of unanticipated events.
Contact Person: Di Chen Phone Number: +86 15057357883 E-Mail: [email protected]
SOURCE ZK International Group, Ltd.
www.ZK InternationalGroup.com www-the-ZkKinternationalgroup.org.