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Vaccines Bringing Businesses Back To Their Feet Whilst eSports and Gaming are at Record Trading Highs

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The news of the impending vaccine shuffle across the globe has given a sense of relief to all businesses that have been brought to their knees from the chaos of ceased trading due to COVID governmental guidelines. Even if business were allowed to remain open and trade, many saw the streets empty, with fear of the virus. Those that operated online were not really that safe either; the word on the streets is that work from home and online giants such as Zoom and Amazon were finding it extremely difficult to maintain their share prices in the global stock markets, in addition to casual online ecommerce business trying to remain a float, with less people working, of course there will be less purchases.

Despite all the closures and struggles, one industry in particular has not been affected, and in fact showing a sky high in their business revenue and noise overall, and that is eSports and gaming industries. The poker site, gambling and gaming specialists of the iGaming industry, 888 Holdings, Hero and ESPO Exchange Traded Funds (ETFs) are up by an average of 75% from last year’s figures and have exceeded tech industries like NASDAQ and the S&P markets.

 

What is eSports and iGaming?

For those that have never heard of the term eSports, essentially is an umbrella to electronic sports. iGaming is every casino game and game development made accessible through casino sites in general. While you may think that these do not correlate, they do in fact very much! iGaming and eSports both specialise in gambling, where viewers and players can place a wager on an outcome they believe will happen at some point within their online gaming experience.

Some of the biggest eSports teams have an allegiance of fans that tune in and watch their favourite video game teams battle it out against competing opponents and teams. These well-organised events actually happen within an arena, where fans can attend in person or just stream online. While you watch, you have the opportunity to gamble and bet against the team you think will win, lose etc within the tournament. So just how there are many betting types available within sports, the eSports industry provides equivalent opportunities.

 

How much is the industry worth?

The iGaming industry is worth more than the eSports, and that is just because they have been around for much, much longer in comparison. Forbes have mentioned how currently iGaming is worth around 66 billion dollars, however by 2023 that figure will more than treble and in fact be worth way over 200 billion dollars. With the ongoing surge of revenue in the global markets, especially now during the pandemic, one can only imagine the climes they will reach with no signs of slowing down.

The eSport industry has amassed great fortune since the year 2018. In 2018 the industry was worth well over $900 million dollars, however now that figure has risen to beyond £2.1 billion, exceeding the initial expectation that the industry would only reach that figure by 2023. We suppose they have COVID to thank for that. The industry certainly rose to the opportunity and really did adapt and evolve to provide continued services-if not better. This is why they reached, alongside other gaming giants, with a 75% increase in their ETFs!

We all know the reasoning behind this, don’t we? People are staying at home now more than ever, with working from home and having a smaller and restricted social life, there is more time to give to online gaming and video games as a whole. In fact, this year has encouraged the general public to really enjoy the valuable opportunity that is available from free time that is currently available in large supply. Those who never did video games and online gaming, have now found the perfect time to express their interests and connect back to their online past times.

Gaming industries like 888 Holdings, HERO and ESPO have continuously risen from the beginning of the year up until the present month of December. It is estimated that the industry will continue to show leaps and bounds even into the new year of 2021. Just like every other market that crashed within March and April of this year, it has been the only industry that has been able to treble its return in less than a year.

 

eSports, 888 Holdings and Hero strong in 2020

ETF figures provide investors with hope for underlying stocks within the eSports, 888 Holdings and Hero portfolio. The total value of the ETFs is what has dictated their high share prices for year 2020. When the share prices are performing well, this provides opportunities for investment into the sector and industry. The ETFs provided by eSports and Hero have ultimately provided great returns for their Chinese Tencent, NVIDIA (a graphics component) and the mobile prince sea from Singapore. The returns are as follows in order as listed: 52% 128% and a whopping 390% from their previous year to present. Just these three figures, have provided a 20% of the billion plus assets managed by both Hero and ESPO.

888 Holdings has been called the stock to watch out for, since for the first half of the year, growth of 56% from poker alone,introduced a $36.1 million revenue from Poker. New depositing customers that sought 888, showed phenomenal growth with a 104% increase from the beginning of the year until October (in comparison to last year’s figures).

Markets that have outperformed gaming

While the gaming industry has made tremendous progress, cryptocurrency has managed to excel even further such as Bitcoin for example. BTC has managed to outperform 888, ESP and Hero during this year, despite many thinking that the BTC decline in the October of this year, would not actually be able to restore its momentum. However, by the end of the year, BTC managed to find its feet once again and surge more rapidly than ESPO and Hero ever did with their fast incline. Holding a huge victory in the markets with a 200% return, this huge success was due to the pump of 80% in the space of a few weeks. Shares were estimated to be making a whopping $10,600; now having surged higher to almost $20,000 in value.

 

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