Sports Entertainment Acquisition Corp. (SEAH) stock prices were up by 9.52% as of the market closing on October 26th, 2021. This brought the price pe share up to USD$11.50. Subsequent premarket fluctuations saw the stock rise by 0.70%, bringing it up to USD$11.58.
Live Market Expansion
October 20th, 2021 saw SEAH stock announce the continuation of its new market expansion, consolidated by the addition of a fifth live market in the U.S. the global online sports betting and gaming business that operates Betway also announced having acquired a new license in Europe. The company is taking steps to bring its leading global online sports betting and gaming group to the United States public markets. This development was facilitated by a listing on the New York Stock Exchange via its previously announce business combination with Sports Entertainment Acquisition Corp. The partnering company is a special purpose acquisition company led by Eric Grubman and John Collins.
Partnership with DGC
The Betway has gone live in the state of Iowa, following in the footsteps of Colorado, Indiana, New Jersey, and Pennsylvania. Collectively, these five states are a part of a group of up to eleven states where Digital Gaming Corp. has secured market access. SEAH stock has executed a definitive agreement under which the company will acquire DGC.
SEAH Stock Expands into Poland
Furthermore, Betway has acquired a license in Poland, wherein the launch of the brand will be followed by the leveraging of the global appealing of existing partnerships. This includes their Bundesliga deals in the neighboring country of Germany. This development builds on Betway’s presence in the United States market with its newest addition of a live market. Together, these moves will enhance the company’s market position in both the Europe, particularly Poland.
SEAH Stock’s 2022 Forecasts
SEAH stock expects a consolidation and expansion of its pipeline of additional new markets through to the end of the 2021 year and into the upcoming year. 2022 is expected to see unprecedented expansion of the company’s pipeline of active markets. The company continues to see the thriving of its market leadership throughout its core geographies.
Future Outlook for SEAH Stock
The company is keen to capitalize on the momentum generated over the course of the 2021 year so far into the new year. SEAH stock is poised to continue the consolidation and expansion of its market footprint throughout its expanding geographies. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic increases in shareholder value over the long term.