Winners, Inc. (OTCMKTS: WNRS) has seen a significant surge in trading volume after WNRS reported the company decided to withdraw its application for a 1:20 reverse split of its common stock with FINRA. The Company withdrew the FINRA application considering its strategic expansion plans that include the increase of its product line and potential acquisitions that fit the company’s business model. This comes several days after the Winners executed an agreement with ClickStream Corp whereby Winners agreed to buy back 154,012,000 shares of Winners common stock owned by ClickStream for $160,265.63. This transaction reduces Winners outstanding shares of common stock from 336,529,857 to 182,517,857. 

According to the Company’s CEO Wayne Allyn Root: “When I started this company my number one mission was aggressive growth. Not only are we expanding our product line but we’re also looking at potential acquisitions that fit our business model. We’ve only just started, and the buyback of the ClickStream shares substantially reduces our outstanding shares of common stock, thereby enhancing shareholder value. While all this does sound good WNRS has been falling since the morning highs suggesting someone is distributing shares. We will be updating on WNRS when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below. 

Winners, Inc. (OTC PINK: WNRS) through its subsidiaries is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. Its Subsidiaries:  

VegasWinners is a licensed sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently licensed in several states and has made applications in additional states. It is the intent of VegasWinners to get licensed in all states that allow online sports gambling. To date online sports gambling has been legalized in; Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia, Wyoming & Ontario.  

Same-game parlays, or SGPs, have emerged as not only one of the most popular bets on the board for bettors but also one of the most profitable for bookmakers. In last year’s Super Bowl, 31% of bets placed before the game kicked off were same-game parlays at BetRivers, Barstool and other U.S. sportsbooks powered by Kambi, an international sports betting platform provider. Prop betting is the act of betting on an event that takes place inside of or during a ga tome or sporting event. Prop bets involve betting on events that take place inside the game but will differ from traditional point spread and total bets that deal only with the final outcome. A better way to think about it is like this.  Live in-game betting is one of the most recent technological advancements in legal sports betting and one that has greatly improved the overall experience of sports betting. Essentially, live betting allows fans to bet on in-game outcomes while the game is being played. 

$WNRS Big news tiny SS keep 👁️ could soar https://t.co/NNqwJRwfBy pic.twitter.com/1qXxjRXjFM

— Angry Red (@AngryRed316) March 14, 2023

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The global sports betting market accounted for USD 83.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030 as reported by Grand View Research. 

On March 14 WNRS announced it is taking steps to expand its product line of Handicapping Services to include same-game parlays, prop betting and/or in-game sports wagering. Furthermore, the company decided to withdraw its application for a 1:20 reverse split of its common stock with FINRA. The Company withdrew the FINRA application considering its strategic expansion plans that include the increase of its product line and potential acquisitions that fit the company’s business model. 

Wayne Allyn Root, CEO of Winners Inc., stated, “We are currently exploring different options to expand our product line of Handicapping Services which will include same-game parlays, prop betting and/or in-game sports wagering. The expansion of services will add additional revenue streams to the company. Also, we have recently done a buy-back of the outstanding shares by over 50%, creating a very attractive share structure, and if you combine that with our plans for aggressive growth, a reverse split just doesn’t make sense to us. I look forward to updating our progress in the coming weeks.” 

$WNRS – Winners $WNRS Plans Further Expansion & Cancels 1 for 20 Reverse Split https://t.co/pPdlMkUUcn pic.twitter.com/bgDjUKwJRt

— Winners Inc. (@vegaswinnersinc) March 14, 2023

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Currently trading at a $784,827 market valuation WNRS os is 182,517,857 with 61,985,880 shares in the public float. The Company also has minimal debt on the books. WNRS has seen a significant surge in trading volume after WNRS reported the company decided to withdraw its application for a 1:20 reverse split of its common stock with FINRA. The Company withdrew the FINRA application considering its strategic expansion plans that include the increase of its product line and potential acquisitions that fit the company’s business model. This comes several days after the Winners executed an agreement with ClickStream Corp whereby Winners agreed to buy back 154,012,000 shares of Winners common stock owned by ClickStream for $160,265.63. This transaction reduces Winners outstanding shares of common stock from 336,529,857 to 182,517,857.   We will be updating on WNRS when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

Disclosure: we hold no position in WNRS either long or short and we have not been compensated for this article.