TORONTO and LONDON, May 17, 2018 (GLOBE NEWSWIRE) -- Breaking Data Corp. (TSXV:BKD) (OTC:BKDCF) ("Breaking Data" or the "Company") is pleased to report that its wholly-owned subsidiary Sports New Media Holdings Limited ("SNM"), owner of GIVEMESPORT, has reported its audience connected to its leading Facebook Page, that are over 18 years old, with an interest in sports betting and gambling is approximately 8.1 million.
(source: Facebook Audience Insights; global, sports betting + gambling + related betting brands and interests + over 18).
GIVEMESPORT is very positive about the ruling by the Supreme Court to strike down the Professional and Amateur Sports Protection Act of 1992 (PASPA), effectively clearing a path for the legalization of sports betting in the United States. GIVEMESPORT already has direct partnerships with the NBA and NFL, it is looking to extend these partnerships to other US sports.
Nick Thain, CEO of GIVEMESPORT, said, "It's fantastic for GIVEMESPORT to have such a large audience over 18 that has a direct interest in sports betting and gambling. This is even more relevant now than ever with the Supreme Court's decision to clear that path for sport betting to be legal in the US."
Thain continued, "GIVEMESPORT's global audience has a natural affinity with sports betting and gambling. In the UK betting companies spend hundreds of millions of dollars every year trying to gain market share in an industry worth over US$18.6 billion (Source: UK Gambling Commission). We are only starting to unlock the value here and sport betting has been part of our thinking for a while now. The ruling in the US only accelerates this and positions us well to take advantage of this decision."
GIVEMSPORT's website is the second largest commercial sports website in the UK (ComScore: Nov-17), second only to SkySports.com. The Stars Group recently acquired SkyBet.com for a deal worth up to US$4.7 Billion, a further illustration of the large valuations and market caps in this space.
About Breaking Data Corp.
Breaking Data Corp. is a technology provider of a range of Artificial Intelligence services, including semantic search, machine learning and natural language processing ("NLP"). The Company's technology platform has many practical applications, in multiple business and consumer verticals that are immersed in massive media and data rich settings. The Company's showcase app, BreakingSports, utilizes semantic machine learning and NLP to track social media in a fully automated, real-time manner for significant sports information and events and distributes summarized information through real-time push notifications to consumers.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-looking Statements - Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to factors referenced in the Company's other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.
Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.