FISCHER GAMING TO LAUNCH BETTING & IGAMING ETF AS U.S. GROWTH SURGES

Gaming consultancy Fischer Gaming is launching Europe’s first exchange traded fund (ETF) exclusively for sports betting and online gambling companies. 

The Sports Betting and iGaming ICITS ETF (BETZ LN) is being launched in association with London-based white label ETF platform HANetf, and is set to list on the London Stock Exchange (LSE) in June, with an expense ratio of 0.69%. 

Looking ahead, Fischer Gaming is forecasting “exponential growth” for online betting and gaming over the next decade. Supporting this, it points to a Goldman Sachs report which predicts the US sports betting and iGaming market will grow 2,300% between 2020 and 2033 to touch $53 billion. 

Aaron Fischer, founder and CEO of Fischer Gaming, said: “Having witnessed a huge uptick in the take-up of sports betting and iGaming boosted by favourable regulatory changes, we feel that now is the perfect time to launch our Sports Betting and iGaming UCITS ETF. The growth forecasts for this sector are hugely promising, and we are excited to offer European investors the opportunity to gain exposure to this exciting and evolving market.”

Hector McNeil co-Founder and co-CEO at HANetf, commented: “HANetf has consistently been at the forefront of innovation within the European ETF market and the addition of the Sports Betting and iGaming UCITS ETF only adds further credence to that claim. We’re delighted to finally offer the European investor a seat at the Sports Betting and iGaming table, having watched from the sidelines as their North American counterparts have taken advantage of this exciting growth market.”