{"id":237095,"date":"2022-10-12T11:59:06","date_gmt":"2022-10-12T16:59:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=237095"},"modified":"2022-10-12T12:51:53","modified_gmt":"2022-10-12T17:51:53","slug":"rise-in-esports-popularity-leads-to-acquisition-of-zensports-ultimate-gamer","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/rise-in-esports-popularity-leads-to-acquisition-of-zensports-ultimate-gamer\/","title":{"rendered":"ZenSports, Ultimate Gamer Acquisitions Reflects eSports Popularity Rise"},"content":{"rendered":"

The increased interest in eSports<\/a> continues to shape not only the gaming industry, but the betting industry as well. Now, a company with little involvement in eSports and sports betting has set its sights on ZenSports and Ultimate Gamer in order to break into the ecosystem.<\/p>\n

\"League
Gamers participate in a League of Legends eSports competition. The increasing interest in eSports has resulted in ZenSports and Ultimate Gamer being acquired. (Image: Riot Games)<\/figcaption><\/figure>\n

KeyStar Corp, an eCommerce services business, announced via a press release that it’s finalized the purchase of ZenSports and Ultimate Gamer. The former is a mobile sports betting operator and peer-to-peer betting exchange. The latter focuses on the organization of eSports competitions.<\/p>\n

The acquisitions will give KeyStar a new look and direction for the company, which is no stranger to the gambling world. Its president and CEO is John Linss, a former SVP and CTO for Caesars Entertainment<\/a>.<\/p>\n

Global Ambitions<\/h2>\n

KeyStar wants to become a global player in the sports betting industry. It sees the acquisitions as key components to reaching that goal, relying on the experience both bring to the table.<\/p>\n

\n

ZenSports has an array of operations in its portfolio. It provides a peer-to-peer betting exchange and also has experience in cryptocurrency, non-fungible tokens (NFT), and digital payments.<\/p>\n<\/div>\n

Ultimate Gamer\u2019s expertise is competitive online and live eSports tournaments. Combining both companies with KeyStar\u2019s components will allow the new KeyStar to provide \u201cthree pillars\u201d of success for business-to-business and direct-to-consumer operations.<\/p>\n

KeyStar will continue to rely on Ultimate Gamer\u2019s network to organize eSports competitions. At the same time, ZenSports<\/a>, which also has eSports tournament technology, will be able to help it expand its sports betting presence. The two sectors \u2013 eSports competitions and sports betting \u2013 won’t commingle, according to the company.<\/p>\n

In addition, KeyStar will launch a third arm, Burstive, which will take advantage of ZenSports\u2019 \u201cproprietary cryptocurrency payments API.\u201d This will allow it to offer white-label fintech solutions for enterprise customers, according to the release.<\/strong><\/p>\n

The acquisition includes almost all of ZenSports, but not one key component. The company has operations in Nevada that KeyStar won\u2019t control. Neither it nor ZenSports has explained what will happen to those assets.<\/p>\n

KeyStar wants to eventually get its own license to operate in Nevada. Until it does, it will rely on ZenSports\u2019 footprint and technology to launch in other areas that might be more accessible.<\/p>\n

ZenSports Rolls Into KeyStar<\/h2>\n

The acquisition, the cost of which wasn\u2019t revealed, will result in all of ZenSports\u2019 personnel moving over to KeyStar. This includes the company\u2019s co-founder and former CEO, Mark Thomas. He’s now the chief product officer of the new company.<\/p>\n

\n

Linss and Thomas both see the benefits of bringing together the different components. In particular, Burstive and its cryptocurrency capabilities could be rewarding. This promises to be a \u201cnext-generation\u201d fintech solution that will bank on the growing interest in blockchain and decentralized finance (DeFi).<\/p>\n<\/div>\n

Even though there’s been legislative resistance to cryptocurrencies, the sentiment is changing. The US is in the process of trying to define its approach, while certain states have already made progress. Internationally, a number of governments have already laid down the groundwork for wider acceptance of digital currency.<\/p>\n

In addition, SWIFT recently announced a successful test of central bank digital currencies, and Google might begin to accept crypto for its cloud services next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The increased interest in eSports continues to shape not only the gaming industry, but the betting industry as well. Now, a company with little involvement in eSports and sports betting has set its sights on ZenSports and Ultimate Gamer in order to break into the ecosystem. KeyStar Corp, an eCommerce services business, announced via a […]<\/p>\n","protected":false},"author":64,"featured_media":237094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[82156,82205,81966],"acf":[],"yoast_head":"\nZenSports, Ultimate Gamer Acquisitions Reflects eSports Popularity Rise - Casino.org<\/title>\n<meta name=\"description\" content=\"The increased interest in eSports continues to shape not only the gaming industry, but the betting industry as well. 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