In the past week, Winners Inc has seen its stock go through a steady selloff and during that period it declined by as much as 10%. As it happens, the company was in the news after it made an announcement with regards to its subsidiary company VegasWinners (OTCMKTS:WNRS).
Trading Data
On Monday, WNRS stock fell 2.34% to $0.0136 with more than 586K shares, compared to its average volume of 253K shares. The stock moved within a range of $0.0135 – 0.0144 after opening trade at $0.0144.
Winners, Inc. Subsidiary VegasWinners Approved by Google to Run Sports Betting Campaigns in Indiana as an Affiliate Marketing Aggregator
VegasWinners is involved in providing data, analyses, research and guidance meant for sports bettors. Yesterday, it was announced that Google had awarded it with the approval for running sports betting related campaigns in the capacity of an affiliate market aggregator in the state of Indiana. It was a major announcement and could lead to considerable opportunities for growth.
By way of this new approval, the company is going to be able to send reviews of legal sportsbooks and betting picks from experts straight to the users. On the other hand, GoogleAds is also expected to prove to be a significant boost to VegasWinners. It will help the company in reaching its target audience far more easily. In addition to that, the possibility of running sports betting online ad campaigns also creates the possibility of growing the business and thereby boosting the revenues considerably.
Key Quote
Winners, Inc. subsidiary VegasWinners CMO, Andy Scott stated “Indiana is now the third state Google has approved us to run Google ads. With enhancements to our marketing technology, we will be customizing the experience of those finding the site based on their geography and sporting preferences. With campaigns already live in Colorado and New Jersey, we’re excited to start marketing in Indiana this month”
Technical Data
WNRS stock is trading below the 20-Day and 50-Day Moving averages of $0.0135 and $0.0141 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0281.
