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SharpLink Gaming Announces 2024 Annual General Meeting of Stockholders

Published

4 hours ago

November 19, 2024

SharpLink Gaming Announces 2024 Annual General Meeting of Stockholders

SharpLink Gaming, Inc., an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that it will host its Annual General Meeting of Stockholders (the “Meeting”) on Monday, December 9, 2024 at 4:00 PM Central Time at SharpLink’s corporate headquarters, located at 333 Washington Avenue North, Suite 104, Minneapolis, Minnesota 55401, and thereafter as it may be adjourned or postponed from time to time.

At the Meeting, stockholders will be asked to approve the following proposals and adopt the following resolutions in connection with the proposals:

1.	The reelection of Rob Phythian, Obie McKenzie, Robert Gutkowski and Leslie Bernhard as members of the Board of Directors for a term expiring at our 2025 Annual General Meeting of Stockholders and until their successors are elected and qualified;

2.	The approval of a reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), by a ratio of up to and including 6:1, to be effective at the ratio and on a date to be determined by the Company’s Board of Directors, and amendments to the Company’s Amended and Restated Certificate of Incorporation to effect such reverse stock split;

3.	The ratification of the appointment of Cherry Bekaert, LLP, registered public accountants, as our Company’s independent registered public accountants for the year ended December 31, 2024 and the authorization of our Board of Directors to fix such independent public accountants’ compensation in accordance with the volume and nature of their services or to delegate such power to our Audit Committee;

4.	The approval of a non-binding advisory vote to approve the compensation paid to our named executive officers (the “Say on Pay Proposal”); and

5.	To transact any other business properly coming before the Meeting.

Shareholders of record at the close of business on November 12, 2024 (the “Record Date”) are entitled to notice of and to vote at the Meeting or any adjournments or postponements thereof. It is anticipated that on or about November 19, 2024, the Company shall commence mailing to all stockholders of record, as of the Record Date, the proxy notice, the proxy statement that describes the proposals to be considered at the Meeting and a proxy card. The definitive proxy notice, proxy statement and form of proxy card was filed with the U.S. Securities and Exchange Commission yesterday, November 18, 2024 on Schedule 14A.

The approval of the election of the directors under Proposal 1 requires the affirmative vote of holders of the plurality of the Common Stock (on an as-converted basis, subject to the Beneficial Ownership Limitation (as defined below)), represented at the Meeting, in person or by proxy, entitled to vote and voting on the matter. Proposal 2 requires votes cast for the reverse stock split to exceed the votes cast against such proposal. Proposals 3 and 4 require the affirmative vote of holders of at least a majority of the Common Stock (on an as-converted basis, subject to the Beneficial Ownership Limitation (as defined below)), represented at the Meeting, in person or by proxy, entitled to vote and voting on the matter presented for passage. The Beneficial Ownership Limitation is defined in our Certificate of Incorporation as 9.99% of the number of our Common Stock outstanding immediately after giving effect to the issuance of Common Stock issuable upon conversion of Preferred Stock and warrants held by the stockholder that is subject to such Beneficial Ownership Limitation.

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Our Board of Directors recommends a vote FOR the election of each director and the other proposals set forth in this proxy statement.

The primary purpose for the proposal for the reverse stock split, should the Board of Directors choose to effect one, would be to increase the per share price of our Common Stock to regain compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). On July 11, 2024, we received a letter from Nasdaq Listing Qualifications (the “Letter”) indicating that the Company is no longer in compliance with the minimum bid price requirements for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The rules also provide us a compliance period of 180 calendar days to regain compliance. According to the Letter, we have until January 7, 2025 to regain compliance with the minimum bid price requirement.

SharpLink knows of no other matters to be submitted at the Meeting other than as specified in the press release. If any other business is properly brought before the Meeting, the persons named as proxies will vote in respect thereof in accordance with the recommendation of SharpLink’s Board of Directors.

Stockholders can vote either by mailing in their proxy, by Internet, by phone or in person by attending the Meeting. If voting by mail, the proxy must be received by SharpLink’s voting processing agency at least 48 hours prior to the appointed time of the Meeting or at our registered office in Minneapolis, Minnesota at least four (4) hours prior to the appointed time of the Meeting to be validly included in the tally of Common Stock. If voting by Internet or phone, votes must be received by 11:59 PM Eastern Time on Thursday, December 5, 2024 to be validly included in the tally of the Common Stock voted at the Meeting. If a stockholder elects to attend the Meeting, he or she may vote in person and your proxy will not be used. Detailed proxy voting instructions are provided both in the proxy statement and on the enclosed proxy card.

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GamblingSites.com Launches “Jackpot Meter” for Ultimate Online Gambling Transparency

Published

6 hours ago

November 19, 2024

Niji Narayan

GamblingSites.com is shaking up the online gambling world with the launch of its brand-new “Jackpot Meter.” Think of it as the Rotten Tomatoes of online casinos and sportsbooks — delivering clear unbiased reviews.

The Jackpot Meter does the heavy lifting, gathering real insights from both everyday players and seasoned pros to deliver unbiased ratings across some of the most popular betting sites. Criteria used includes bonuses, banking options, game libraries, and the site’s overall impression from current reviewers.

It’s time for transparency

Gone are the days of questionable, biased reviews — GamblingSites.com’s data-driven “Jackpot Meter” sparks a new wave of transparency and trust within the industry, giving players the tools to be confident and secure in their betting options.

Powered by over 24,000 user comments and scores from 120+ gambling sites at launch (with more on the way!), the Jackpot Meter cuts through the noise.

So, how does the Jackpot Meter work?

Every casino and sportsbook site featured on GamblingSites.com gets its own badge of honor (or shame). Here’s how the scores stack up:

• All-In Jackpot Certified: The best of the best! Sites with an approval rating of 85% or higher earn the All-In status, the highest status of trust a gambling site can snag.

• Jackpot Certified: A solid win. Sites that earn the Jackpot status have an approval rating of 60% or higher, making them a high-quality betting option with minimal negative reviews.

• Bust: Womp womp. Sites that earn the Bust status hold a below-average satisfaction rating of 59% or lower, so players know to steer clear.

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Union Workers’ Strike Ongoing at Virgin Hotels Las Vegas Casino

Published

6 hours ago

November 19, 2024

Niji Narayan

The strike at the Virgin Hotels Las Vegas is continuing as the standoff between management and laborers seeking higher pay and benefits showed no signs of resolution. With no new talks scheduled, the open-ended strike—Nevada’s first of its kind since 2002—continues to disrupt operations just a week before the high-profile Las Vegas Grand Prix.

The Culinary Workers Union, representing roughly 60,000 members across Nevada, is pushing for wage increases and benefit improvements similar to those negotiated at other Las Vegas casinos last year. Approximately 700 workers, including guest room attendants, food servers, bartenders, and kitchen staff, joined the picket lines at Virgin Hotels.

The timing of the strike could have significant implications for Virgin Hotels Las Vegas, as the upcoming Formula 1 race is expected to attract hundreds of thousands of fans to the area. However, no new discussions are in sight, with both sides remaining firmly entrenched.

Virgin Hotels described the terms of union agreements reached by other casinos, which included 32% salary increases over five years, as “economically unsustainable.” The company said it is committed to achieving a “reasonable agreement” for its 1710 employees and accused union leadership of refusing to engage in “meaningful negotiations.”

Union spokesperson Bethany Khan confirmed that no negotiations were scheduled between the parties. To support striking workers, the union is offering $500 per week to those who participate in picketing shifts. The union previously staged a 48-hour job action at Virgin Hotels in May, urging management to agree to a new five-year contract.

Virgin Hotels recently reached a contract agreement with the Teamsters Union, covering 105 employees, including front desk, valet, and call center staff. The Culinary Workers Union’s strike, however, underscores a broader labor push in Nevada’s hotel and casino sector.

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Delaware North selects Playtech as new platform provider for Betly mobile sportsbook and casino

Published

7 hours ago

November 19, 2024

Adrienn Sarkany

Delaware North, a global hospitality and entertainment company with a portfolio of regional casinos and an interactive gaming division, has selected leading online gaming platform, content and services provider Playtech to power its Betly mobile sportsbook and casino.

Playtech is the new platform provider for the Betly sportsbooks, starting with Betly Ohio, which launched this month and replaces MVGBet in an affiliate license partnership with Miami Valley Gaming, a Delaware North joint-venture property located between Cincinnati and Dayton. The Betly sportsbooks in Arkansas, Tennessee and West Virginia, a state where Betly also offers an online casino in addition to sports betting, will be migrated to the Playtech platform in the coming months.

“We are very pleased to partner with Playtech to provide Betly customers with an enhanced mobile sports betting and online casino experience powered by an industry leader,” said Lee Terfloth, chief interactive gaming officer for Delaware North.

“Not only that, but our team can now offer players robust promotional features through the Playtech platform, which will allow Betly to offer customers an array of enticing and personalized offerings, including bonus bets, boosts, drawings and tournaments. As a result, customers will experience tailored content to engage them based on their historical betting activity,” Terfloth said.

Responsible Gaming

Betly is committed to promoting and encouraging responsible gaming and offering users informational resources to support and identify problem gambling, as well as promoting intelligent tools that allow players to set deposit, loss, session time and money-spent limits.

With the migration to the Playtech platform, Delaware North has access to the suite of Playtech’s responsible gaming solutions. This includes BetBuddy, which features best-in-class responsible gaming technology that provides enhanced insights into potential at-risk player behaviors and supports operators with the insights to enable early intervention and personalized messaging for those exhibiting at-risk behavior.

Delaware North has also partnered with Birches Health, a leading national behavioral addiction program providing online treatment for addictions to gambling, sports betting and other activities. Through this relationship, Delaware North will integrate customized behavioral health assessments into the Betly application. This will provide individuals on the platform a real digital resource to gauge their relationship with gaming and seek help from certified mental health counselors. Birches Health will provide all Delaware North staff with clinician-led responsible gaming training and access to curated responsible gaming content.

The Betly Sportsbook Ohio statewide mobile sports betting app is now live on Apple App Store for iOS, Google Play Storefor Android and on desktop at oh.betly.com.

Additional Features

Betly Sportsbook Ohio is expanding its customer support services with a larger team available via phone support for an optimized experience and reduced wait times for customers. Betly now also features an enhanced customer onboarding process, a variety of payment options, player journey automations, diverse bonusing capabilities and enhanced responsible gaming and customer intervention.

Wagering capabilities include same-game parlays, regional curated odds boosts, a variety of pre-match and in-play player props, minimized suspension times on in-play sporting events, teaser bets and automated promotional functionality on results-based outcomes. Betly Sportsbook Ohio will feature official National Football League data via Genius Sports.