This morning, stocks of those companies are expected to be in focus among investors, which had been in the news last Friday, and one of the companies that could be worth tracking is Greenlite Ventures Inc. (OTC:GRNL). On May 17, the company hit the newswires after it announced the signing of an acquisition agreement with the major emerging player in the sports betting industry, No Limit Technology Holdings Inc. In the news release, Greenlite Ventures announced that the agreement was going to be finalized after a due diligence period that would last for 30 to 45 days. It was also noted that No Limit Technology remained at the vanguard of betting industry innovation thanks to its path-breaking new ‘No Limit Betting Exchange’.
The exchange helps bettors pair up with peers on the other side of the bet through a decentralized system, as opposed to the traditional system, in which bettors bet against the betting site or the ‘house’. More importantly, such a state of affairs led to a staggering 97% return rate for players, against the industry standard of 90%. Additionally, the system also leads to guaranteed wins for the company on each transaction. No Limited Technology had earlier established a strong track record of success through its Daily Fantasy Sports platform, which led to the leveraging of cryptocurrency and blockchain-based efficiency in the world of sports betting.
Through the collaboration, Greenlite Ventures would work with No Limit Technology to set up the lowest-cost player acquisition in the betting industry by sending traffic to the betting platform. The traffic would be driven by key media partnerships, celebrity collaborations, and podcast marketing. Russell Elbaum, the Chairman of Greenlite Ventures, noted that the alliance had been timed to perfection. It would be interesting to see if Greenlite Ventures gets any action this morning or not.
