paf-takes-steps-to-limit-loss-in-another-difficult-year

Paf Takes Steps to Limit Loss in Another Difficult Year

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Fischer Gaming, a company offering consulting services to the global gaming industry, is ready with the first exchange traded fund (ETF) in Europe exclusively for sports betting and online gambling companies.

The ETF, named Sports Betting and iGaming UCITS ETF (BETZ LN) and launched in association with London-based white-label ETF platform HANetf, will be listed on London Stock Exchange in June and will have an expense ratio of 0.69%.

Fischer Gaming forecasts that sports betting and iGaming, including online betting activities such as casino games, poker, and fantasy sports, are set for an exponential growth in the next ten years.

The company bases this assumption on the report by Goldman Sachs which predicts that the US sports betting and iGaming market would grow 2,300% between 2020 and 2033 to touch $53 billion.

The fund will boost development of the betting and gambling industry. It is also expected to offer investors

  • high EBITDA margins
  • strong free cash flow generation
  • high return on investment.

Aaron Fischer, founder and CEO of Fischer Gaming, said:

“Having witnessed a huge uptick in the take-up of sports betting and iGaming boosted by favourable regulatory changes, we feel that now is the perfect time to launch our Sports Betting and iGaming UCITS ETF. The growth forecasts for this sector are hugely promising, and we are excited to offer European investors the opportunity to gain exposure to this exciting and evolving market.”

Hector McNeil co-Founder and co-CEO at HANetf, commented:

“HANetf has consistently been at the forefront of innovation within the European ETF market and the addition of the Sports Betting and iGaming UCITS ETF only adds further credence to that claim. We’re delighted to finally offer the European investor a seat at the Sports Betting and iGaming table, having watched from the sidelines as their North American counterparts have taken advantage of this exciting growth market.”

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +110,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.
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