Business
Accelerated Technologies Holdings Corporation (OTCMarkets stock symbol: ATHC) and its subsidiary intelagy targets the Gaming industry with proprietary payments and operational management suite
Accelerated Technologies Holdings Corporation (OTCMarkets stock symbol: ATHC) and its subsidiary intelagy targets the Gaming industry with proprietary payments and operational management suite.
About this update from Accelerated Technologies Holding Corp.
[{"type":"text","content":"Gambling and gaming sales—two of the fastest growing business sectors in the United States—are evolving to confront ongoing challenges in processing payments. Federal court decisions and new state-level legislative initiatives have brightened the electronic payment horizon for online gambling and sports betting.Intelagy looks to target small and medium sized companies in these industries and provide them with a complete suite of tools targeted to assist in managing their overall operational life cycle. This will include payments processing, content management, marketing and tracking, logistics, artificial Intelligence and data visualization reporting both Internally and to regulators.The American Gaming Association estimated the market size for sports wagering in the U.S. was $150 billion for gross gaming revenues in 2017.\"We believe this was attributed to the rise of alternative payment methods, including crypto currencies, voucher-based systems and digital wallets, which are convenient, enable instant transfers to gamers’ accounts, and access to a much larger consumer base,” stated Kading.The U.S. Supreme Court’s decision to overturn the 26-year-old Professional and Amateur Sports Protection Act (PASPA) in May was a crucial development for the future of online gambling. Online sports betting is lawful only in Nevada, Oregon, Delaware, and Montana.“As it relates specifically gaming in the United States, we believe there is huge potential,” said Kevin Kading, President of ATHC.Kading also stated: “We see this not only as a strategic opportunity but a larger business opportunity for intelagy, our upcoming XStream Games project and parent ATHC.”For more information visit www.athcorp.comStatements made in this letter include certain forward-looking statements, management's objectives, strategies, beliefs and intentions. The Companies do not intend, and do not assume any obligation, to update forward-looking statements which are frequently identified by such words as \"may\", \"plan\", \"expect\", \"anticipate\", \"estimate\", \"intend\" and similar words referring to future events and results. Forward-looking statements represent management's best reasonable judgment based on current facts and assumptions. The Company makes no representation that reasonable business people in possession of the same information would rea...