Press Releases
MyTopSportsbooks Releases Top-10 Epic Losses on r/WallStreetBets
![MyTopSportsbooks Releases Top-10 Epic Losses on r/WallStreetBets](https://gamingamericas.com/wp-content/uploads/2022/07/Wallstreetbets-1.jpg)
Billy Johnson, an independent journalist working with MyTopSportsbooks, has investigated the top-10 epic losses on the infamous SubReddit, r/WallStreetBets. The Reddit forum has been a hub for budding investors in recent years, notably during the 2021 GameStop Stock Saga, offering a plethora of financial advice.
During the COVID-19 pandemic, the popularity of r/WallStreetBets surged and became a news piece of media outlets across the world. The page became the headquarters for various schemes to try to take advantage of available stock float on various assets, with people using the popular trading app Robin Hood to access the stock market.
For anyone who’s ever tried their hand at the stock market, they’ll be acutely aware of the potential risk. Much like gambling, playing the stock market feels great when one’s on top, but things can sometimes go wrong, very wrong. The journalist has put together a list of the most epic losses incurred by those investors that forgot the importance of risk management.
In some cases, users tripped up because they were probably too young to be investing; with one case of a 19-year-old losing every last dollar in his trading account. But that’s lightweight losses compared to the $10 million lost by one investor playing around with GameStock stock at the start of 2021.
The emergence of cryptocurrency and personal investing has seen the average Joe make millions. But this success is far less common than it seems. Whether it’s miscalculating the market, overestimating the potential of assets, or just making bad bets, Johnson covered the misfortunes of overambitious investors.
Latest News
QTech Games recruits David Camacho to take the lead for LatAm markets
![QTech Games recruits David Camacho to take the lead for LatAm markets](https://gamingamericas.com/wp-content/uploads/2024/07/camacho-e1721990847192.jpg)
QTech Games, the leading games distributor for all emerging markets, has appointed David Camacho to the new role of Account Manager for LatAm Markets.
Camacho arrives at QTech Games after a successful and long-serving spell at Tabella, a global powerhouse across varied igaming verticals, where he proved himself across a range of senior roles focusing on the LatAm markets. At QTech Games, David will drive sales and its existing presence across Central and South America, growing its global footprint in more Spanish and Portuguese-speaking territories.
QTech Games commented: “We’re delighted that David is now part of the QTech team. His extensive experience and network in the industry are second to none, after over two decades in the sector. So, he will prove a true asset to both QTech Games and all our clients, as we will deepen our existing influence across Hispanic markets in Central and South America.
“Recruiting the best localised talent and expertise has always been a central pillar of our strategy. Therefore, we’re naturally thrilled to have David on board.
David Camacho added: “I’m excited to be joining QTech Games, a company with the most remarkable content suite across varied igaming verticals, all delivered via a stellar platform built on bleeding-edge technology. I can’t wait to get started by deploying my business connections and contacts across a region I know so well at such a crucial point in its maturation.
“Of course, when it comes to LatAm, everyone’s talking about the unfolding scene in Brazil, but I’ll also be concentrating our efforts in more mature countries such as Colombia and Mexico, alongside some other opportunities in Peru, another promising territory with one of the most operator-friendly regulations in recent times. Argentina and Chile will also be interesting in due course. Apart from the strong growth in this region, I believe we will be able to fuel it further with our new QTech Hybrid product that fits perfectly in all these markets!”
QTech Hybrid – get in touch to find out more!
QTech Hybrid will next be showcased at the upcoming SBWA+ show in Ghana in August, where QTech Games delegates will be on site to unpack its breakout technology and salient applications for joining up the retail and digital-mobile experience. QTech Hybrid offers a retail solution that can be transferred seamlessly to mobile in any emerging market, enabling the customer to continue playing after leaving the retail environment. QTech Hybrid allows players to access the full game library of QTech Games, while the retail solution also contains a state-of-the-art Agent Management System. It’s also an instant win for efficient payments.
Latest News
BETBY AND PIXBET ENTER LONG-TERM BRAZILIAN SPORTS BETTING PARTNERSHIP
![BETBY AND PIXBET ENTER LONG-TERM BRAZILIAN SPORTS BETTING PARTNERSHIP](https://gamingamericas.com/wp-content/uploads/2024/07/PIXBET@publisher.jpg)
BETBY strengthens its Latin American position with agreement to power leading Brazilian brand Pixbet
BETBY, the premium sports betting supplier, has signed a long-term sports betting agreement with Pixbet. The partnership will see Pixbet leverage Betby’s award-winning sports betting solution and services to upgrade its current sportsbook, offering Brazilians a best-in-class online betting experience.
Pixbet a leading Brazilian bookmaker present throughout the national territory, is well known for its bold marketing strategy, having earlier this year been announced as the new shirt sponsor for Brazilian soccer club Flamengo under a lucrative two-year deal.
Chris Nikolopoulos, Chief Commercial Officer at Betby, said: “It is a pleasure to have put pen to paper on this agreement with Pixbet, an operator whose management team boasts clear expertise and a passion for sports betting that mirrors our own.
“This agreement further bolsters Betby’s impressive range of partners throughout Brazil and Latin America, and we are excited to capitalise on the rich promise this partnership holds.”
Ernildo Junior, owner of Pixbet, said: “We are very pleased to have signed with Betby as we look to further deliver on our sports betting ambitions to become the leading betting brand in Brazil.
“Betby has a proven track record in Latin America and its suite of high-performance sportsbook technology will provide our players with a superior sports betting experience whilst providing us with cutting-edge risk management tools.”
Press Releases
Arizona Department of Gaming Releases May Sports Betting Figures
![](https://gamingamericas.com/wp-content/uploads/2024/06/Arizona-Department-of-Gaming-Releases-April-Sports-Betting-Figures_20240617_113034_0000.png)
Bettors in Arizona wagered approximately $568.5 million on sports in May of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 25.9% increase when compared to May of 2023.
The state collected approximately $4.3 million in privilege fees in the month.
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