MaximBet's entry into the Hoosier State debuts new
best-in-class technology, microbetting, innovative promos and
WENZHOU, China, Oct. 5, 2022
/PRNewswire/ -- ZK International
Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK
International" or the "Company"), is pleased to announce that
its portfolio company, MaximBet,
the lifestyle sports betting and online casino brand owned and
operated by Carousel Group and in partnership with Maxim, announced
that it continues its rapid North American expansion with the
launch of its sportsbook in Indiana, the second live U.S. state for the
emerging sports betting brand.
The launch in Indiana is a
first for MaximBet, where it will feature its new, expansive sports
betting service and user experience technology that was developed
in partnership with Kambi Group and White Hat Gaming. The rollout
in Indiana is significant, as it
sets the path for the rapid expansion in several additional markets
including Iowa, New Jersey, Pennsylvania and Ohio, among others, as well the Canadian
province of Ontario.
"We're unwavering in our commitment to bring sports fans the
greatest sports betting experience in the world, and that starts
with premium content and a world-class betting environment," said
Daniel Graetzer, Founder and CEO, of
MaximBet. "We will move quickly to bring our unique value
proposition to players throughout the country. To begin now just as
the NFL season is revving up and with the NHL, NBA and college
basketball action right around the corner, we couldn't be more
excited about our future."
Through this partnership, MaximBet will leverage Kambi's
best-in-class betting solutions as well as its expertise in
compliance, risk management and sports integrity. The enhanced
sportsbook will feature an array of market-leading offerings like
microbetting, tens of thousands of markets, Bet Builder, plus
Kambi's popular parlay product, Teaser+.
"We are excited to see MaximBet go live in the state of
Indiana, which is a testament to
our shareholders that MaximBet is executing on their multi-state
approach in penetrating the lucrative sports betting and casino
gaming industry of the US," said Mr. Jiancong Hunag, Chairman of the Company.
This is evident, as according to sportshandle.com, the
"Indiana sportsbooks have accepted
$2.5 billion in wagers through the
first seven months of 2022 and more than $8.5 billion overall."
MaximBet is made up of a leading sports betting and casino
website, MaximBet.com, and
tailor-made native iOS and Android apps that allow users to bet on
sports and casino. The brand leverages Maxim's large, integrated
network of print, digital and social platforms and events to engage
the loyal Maxim community alongside its community of sports
With White Hat Gaming, MaximBet unlocks an unmatched,
full-service online gaming platform and PAM solution, including
proprietary technology such as in-house cashier and first-to-market
To support the launch, MaximBet is offering a first-time deposit
match up to $250, as well as
preparing "Super Freaky Odds Boosts" daily for players.
Opportunities to earn tickets to Maxim parties, brand merchandise
and other exclusive events will be announced soon.
Carousel Group, the parent company for MaximBet, entered into a multi-state, 10-year partnership
with Caesars Entertainment that enables the MaximBet
brand to rapidly secure market access to states across the country.
MaximBet also operates MaximBet Play, its first free-to-play game
available nationwide and in Canada.
Nicki Minaj, the most successful female rapper of all time,
serial entrepreneur and media mogul, was announced this summer as
the company's newest investor, board
member and global ambassador. The multi-year agreement
includes Minaj appearing in MaximBet ads, website, sportsbook and
casino promotions. Along with the multi-year partnership with
Minaj, MaximBet also partnered this year with professional baseball
player, Charlie Blackmon, becoming
the first sportsbook to partner with
an active MLB player.
For the latest news on MaximBet, please follow the company on
Twitter at @MaximBetUSA or visit www.maximbet.com
About ZK International Group Co., Ltd.
International Group Co., Ltd. is a China-based engineering
company building and investing in innovative technologies for the
modern world. With a focus on designing and implementing
next-generation solutions through industrial, environmental and
software engineering, ZKIN owns 28 patents, 21 trademarks, 2
Technical Achievement Awards, and 10 National and Industry Standard
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is
Quality Management System Certified (ISO9001), Environmental
Management System Certified (ISO1401), and a National Industrial
Stainless Steel Production Licensee. It has supplied
stainless steel pipelines for over 2,000 projects, which include
the Beijing National Airport, the "Water Cube" and "Bird's Nest",
which were venues for the 2008 Beijing Olympics. ZK International
is preparing to capitalize on the $850
Billion commitment made by the Chinese Government to improve
the quality of water, which has been stated to be 70% unfit for
In 2018, ZKIN established its wholly-owned xSigma Corporation to
develop innovative software solutions that support its core
operations while exploring new opportunities in smart contracts,
distributed ledgers, supply chain management and blockchain
architecture. The xSigma Labs team is made up of world-class
developers and engineers formerly of Facebook, Google, Amazon,
Ripple and 1inch, most recently launching its first DeFi project in
the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new
wholly-owned subsidiary, xSigma Entertainment Limited. It was
established as part of ZK's integrated network of companies focused
on developing and investing in innovative software technology
platforms. xSigma Entertainment's mandate is to acquire assets in
the high-growth US gaming market. Sigma Entertainment aims to
increase shareholder value by targeting and investing in early
stage online gambling businesses that are poised for exponential
growth and exits.
For more information please visit
www.ZKInternationalGroup.com. Additionally, please follow
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
MaximBet is an immersive entertainment
and lifestyle experience, bringing the best in online betting and
the coolest real-world experiences all onto one platform. MaximBet
will give players incredible real life and virtual access to
celebrities, athletes and influencers, and let guests truly live
the Maxim lifestyle wherever they live and play. MaximBet is
an Approved Gaming Operator of Major League Baseball (MLB) and the
National Basketball Association (NBA).
Kambi is a provider of premium sports
betting services to licensed B2C gaming operators. Our services
encompass a broad offering from front-end user interface through to
odds compiling, customer intelligence and risk management, built on
an in-house-developed software platform. Kambi's 30-plus customers
include ATG, Churchill Downs, Kindred Group, LeoVegas, Penn
National Gaming and Rush Street Interactive. Kambi employs more
than 950 staff across offices in Malta (headquarters), Australia, Philippines, Romania, Sweden, the UK and the United States.
Kambi utilises a best of breed security approach and is ISO
27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq
First North Growth Market under the symbol "KAMBI".
The Company's Certified Advisor is Redeye AB.
Tel: +46 (0) 8 121 576 90
About White Hat Gaming
White Hat Gaming is a state-of-the-art B2B SaaS igaming platform,
providing a secure, scalable and flexible solution. Our proprietary
product includes player account management (PAM) and a digital
wallet via a fully centralised back office, fraud detection and
prevention tools, CRM integration, a content management system,
plus much more. We offer both a direct hosting platform for
existing operators as well as a full white-label solution. Our
modular service provision offers flexibility to operators to bring
ancillary services in-house as they grow, with Build, Operate,
Transfer (BOT) options available. As an aggregator of third-party
providers, White Hat Gaming provides market-leading content,
including Kambi Sportsbook and over 120 leading games
Safe Harbor Statement
This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Without
limiting the generality of the foregoing, words such as "may,"
"will," "expect," "believe," "anticipate," "intend," "could,"
"estimate" or "continue" or the negative or other variations
thereof or comparable terminology are intended to identify
forward-looking statements. In addition, any statements that refer
to expectations, projections or other characterizations of future
events or circumstances are forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to certain risks, uncertainties and assumptions
that are difficult to predict and many of which are beyond the
control of ZK International. Actual results may differ from
those projected in the forward-looking statements due to risks and
uncertainties, as well as other risk factors that are included in
the Company's filings with the U.S. Securities and Exchange
Commission. Although ZK International believes that the
assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
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SOURCE ZK International Group Co., Ltd.