Tiidal Gaming Group (TIDL.C), a Canadian-based esports and online betting platform provider, announced today that Sportsflare, a wholly owned division of the company, will be participating in the upcoming SBC Summit Barcelona event from September 20, 2022, to September 22, 2022.
Launched in 2021, SBC Summit Barcelona, brings together global leaders in the sports betting and iGaming industries, to discuss the sectors’ futures, exchange knowledge and establish professional connections.
The event will include a speaker line-up of 350 senior executives and specialists across seven stages, covering key issues such as sports betting, online casino, affiliate marketing, payments & compliance and safer gambling; as well as emerging tech, blockchain and metaverse.
Over 6,500 senior executives are expected to attend in five key zones: Sports betting, Casino & Gaming, Payments & Compliance, affiliate, marketing & media, and emerging tech.
Tiidal Gaming’s management team will conduct a live demo of Sportsflare’s Flash Markets, a unique live micromarkets data product for popular esports titles, including League of Legends, Dota 2 and CS:GO.
The company will also be showcasing the Sportsflare HUB, its latest solution for esports betting, which offers seamless integration into sportsbooks.
In other news, Tiidal announced the appointment of Anders Elbaek Kristensen as Sportflare’s Business Development at GameScoreKeeper ApS, a leading provider of esports data across media, betting, and fantasy sports.
The Tiidal management team will also be available for in-person meetings during the SBC Summit Barcelona event. To request a meeting, feel free to reach out to ir@tiidal.gg.
The global online gambling and betting market was estimated at $58.2 billion USD in 2021 and expected to reach approximately $145.6 billion by 2030.
Recently, Tiidal announced a non-brokered private placement for gross proceeds of up to $500,000 CAD. The company plans to use the proceeds for Sportsflare operations in sales, trading, and development and general corporate and working capital purposes.
The company reported $583,877 in cash as of April 30, 2022, and total revenues of $44,921 for the three months ending on April 30, 2022, for a comprehensive net loss of $1.18 million for the same period.
Equity Guru’s own Jody Vance sat down with Tom Hearne recently to get an inside look at the company, its value proposition and investment potential.
Tiidal traded at $0.11 per share on September 19, 2022, for a market cap of $8.06 million.
–Gaalen Engen
Full Disclosure: Tiidal Gaming Group is an Equity.Guru marketing client
