PHOENIX, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Mr. Everett Jolly, was excited to recently welcome first time guest Mr. Mike Ciavarella to the “Stock Day” podcast in order to share with the Uptick Newswire investment community the stock value potential. Mr. Ciavarella is the Chairman and CEO of Newgioco Group, Inc. (OTCQB:NWGI) (the “Company”), a fully licensed online and land-based lottery and gaming operator in the gaming and entertainment industry. Mr. Jolly recaps the Company’s previous revenues as follows: 2014 the company saw $1.7 million, 2015; $4.8 million, 2016; $8.9 million and 2017; $22 million.
Capitalizing on day-to-day betting such as lottery tickets and by hosting online poker forums, Newgioco Group Inc. CEO is reportedly seeing a tremendous growth opportunity in the global leisure betting industry. Mr. Ciavarella has noticed a trend in liberalization of laws regarding gambling within the United States and plans to be ready to jump into that market when legally appropriate.
Faced with the tough question regarding low profit margins, Mr. Ciavarella describes the Company’s inception and development into its current position. The Company started the project in Italy and explains that while “profit has been lower than what we will see going forward because most of our development cost was self-funded”. Mr. Ciavarella explains how this Company began with a profitable local gaming company in Italy, a model from which the Company has been developing upon. Mr. Jolly brings up the previously released Company projection of $6.5 million in earnings for 2018, before taxes and depreciation, and asks about perceived growth potential.
Mr. Ciavarella reports that he is confident that Newgioco Group Inc. will see substantial growth in 2018. Although there is a substantial growth in products such as sports betting, and online casino, he noted a general decline in the last few years of players playing online poker due to circumstances regarding the fairness of play. Newgioco has identified a need for a solid and fair product line with international gaming accounts. Recently signing a deal with a professional poker group, the Company plans to attract more players with a fair ground basis, accomplished by providing an environment where every player can feel comfortable instead of the feeling of “jumping into the shark tank” when attempting to play online with professionals who may have certain advantages. The Company has also signed a professional poker player as a brand ambassador to help launch the new poker focused product line.
In conclusion of the interview Mr. Ciavarella explains that gambling is not regulated in several countries, yet many of those same countries need to find other sources of tax based income. He has experience with the functional model in Canada, where regulation of entertainment products such as leisure gaming can be a reliable revenue tool to capitalize on by liberalizing the gaming laws and therefore allowing for an entertainment tax in order to better fund infrastructure and governments. Rather than outlawing the industry, governments can be better served by regulating and drawing a fair tax from the turnover. This growing platform has already been very well received in the Italian market which has become one of the largest revenue sources for the federal government in Italy and from which Mr. Ciavarella intends to share in other countries as one of the growth drivers for Newgioco to capitalize into new markets.
In closing Mr. Ciavarella would like investors to look into the Company story: “What’s unique with our opportunity here … our Company is founded on family values, the founders are the majority shareholders and have an extremely strong and vested interest in the success of the Company. We see a brilliant growth opportunity for investors and we have been delivering on our performance.”
Listen to the entire interview by clicking the link here: https://upticknewswire.com/featured-interview-ceo-michele-ciavarella-of-newgioco-group-inc-otcqb-nwgi
About Newgioco Group, Inc.
Newgioco Group, Inc., together with its subsidiaries, is a fully integrated, licensed gaming technology company. The company conducts its business primarily through retail neighborhood betting shops and internet-based betting software platform under the registered brand Newgioco through our licensed website www.newgioco.it situated in Italy.
The company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, lottery, interactive games and slots, as well as an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.
Investors may also find us on Facebook® and follow us on Twitter @NWGI_gaming.
About Uptick Newswire and the “Stock Day Podcast”
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona with its new host Kathryn Donnelly.
https://www.youtube.com/watch?v=kU5SVLp4org
Returning to “Stock Day” this week Pressure Biosciences President & CEO, Ric Schumacher, (OTCQB: PBIO) will be discussing their entrance into the biopharmaceutical market.
Investors Hangout is a sponsor of Stock Day. Uptick Newswire encourages listeners to visit About Newgioco Group, Inc. on: https://investorshangout.com/Newgioco-Group-Inc-NWGI-61196/
Forward-Looking Statements
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “forecast,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the company’s current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements.
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Source: Uptick Newswire