LAS VEGAS, Dec. 23, 2020 /PRNewswire/ — Tennessee’s sportsbooks enjoyed the best debut in the history of U.S. legal sports betting, generating more in wagers in the market’s first month than any other state in history, according to analysts from PlayTenn.com, which offers news and analysis on the fledgling Tennessee gaming market.

«The best-ever launch for online sports betting is perhaps a surprise to some, but Tennessee also debuted with enormously favorable circumstances, many of which came by design,» said Dustin Gouker, analyst for PlayTenn.com. «First, it debuted in the heart of the NFL and college football seasons in a region that is particularly football crazy. And with the top operators in the country jumping in early to take advantage of the football season in full swing, it was a debut month like no other.»

Tennessee sportsbooks generated $131.4 million in handle in November, according to official data released Wednesday by The Tennessee Education Lottery. That is easily the most in the history of U.S. sports betting, shattering Indiana’s former record of $35.2 million set in September 2019.

The money wagered in Tennessee resulted in a «win» of $13.2 million, which is also the most in history for a state in its first month of legal sports betting. Those proceeds generated $2.4 million in taxes for the state, an impressive total.

To put Tennessee’s debut in context, New Jersey, currently the nation’s largest sports betting market, did not surpass $130 million in month until it generated $183.9 million in its fourth month. It took Pennsylvania, the nation’s No. 3 market, 11 months to top that total when it posted $194.5 million in September 2019.

«Talk about getting the market off on the right foot,» said Jessica Welman, analyst for PlayTenn.com. «Tennessee is a market with enormous potential but untested, making it difficult to predict how bettors would react to start. By topping the next-best debut by nearly $100 million, I’d say that verdict is now in and it is a good one.»

November’s wagers will likely place Tennessee seventh in the U.S., behind New Jersey, presumably Nevada (which will release November data later this month), Pennsylvania, presumably Illinois (data expected to be released in January), Indiana, and Colorado, which produced a state record $231.2 million in November.

Four sportsbooks debuted in the first month, including FanDuel and DraftKings — the two largest operators in the U.S. — as well as fellow heavyweight BetMGM, and local sportsbook Action 24/7. At least three more appear ready to launch after the new year, including BetAmerica, WynnBet, and William Hill.

The state’s operators also got a boost from the success of the Tennessee Titans, which is enjoying one of the best seasons in the NFL and has a historically strong offense.

«Local sports matter in legal sports jurisdictions in the U.S., and a strong NFL team matters more than most, so the Titans success is bound to translate into bets,» Gouker said. «With its growing list of operators, this is just the start for the market. The next question is when and if Tennessee will challenge Colorado and Indiana in terms of overall market size. It appears sooner than anyone expected.»

For more, visit PlayTenn.com/news.

About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

Contact:
Zack Hall, DVA Advertising & PR, 541-389-2411, 261979@email4pr.com 

 

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SOURCE PlayTenn.com

HONG KONG and LOS ANGELES, Dec. 23, 2020 /PRNewswire/ — The Covid-19 pandemic is not going to stop the Hong Kong Tourism Board (HKTB) from sharing festive cheers and the appeal of Hong Kong with the rest of the world. This New Year’s Eve (December 31, 2020), for the first time, the HKTB’s signature «Hong Kong New Year Countdown Celebrations» will go online. Everyone around the world can join in the celebration wherever they are located using their mobile phones or via computers.   

On December 31, the HKTB’s website (discoverhongkong.com) and social media platforms (Facebook and YouTube) will begin showing a live countdown clock at 11pm (HKT) and 11:30pm (HKT) respectively. Once the clock strikes midnight, a two-minute video showing Victoria Harbour in all its glory as well as iconic landmarks in Hong Kong will follow, along with festive greetings sending blessings to the world. In addition to ushering in the New Year with people worldwide, it will also send the message that Hong Kong remains vibrant as ever in the New Year.   

The HKTB invites the global media to simulcast the «Hong Kong New Year Countdown Celebrations» and spread hopes and joy throughout the world, valid from December 31, 2020 – January 1, 2021:

Social Media Livestreaming:

Satellite Live Feed for Broadcasters:

IS34, 55.5 degree West (covering the Americas, North America & South America)
Programme name: Hong Kong New Year Countdown Celebrations 2021
On-air date & time: 31/12/2020 (GMT1550-1605)
IS-34 12C Slot A (9 MHz, C Band)
Downlink Frequency: 3961.5 Mhz Horizontal
Symbol Rate: 7.2MS/s
FEC: 3/4
Polarization: Horizontal
System: HD 1080i59.94
DVB-S2 8PSK
Format: h.264 4:2:0 16:9 A1 : A2 Stereo
Pilot: ON
Roll Off: 20%
Encryption System: Free to Air

«Hong Kong New Year Countdown Celebrations» Video Download:
The video will be available for download from 1 January 2021, 00:15 Hong Kong Time (31 December 2020, GMT 16:15)
(Download link: https://hktb.filecamp.com/s/2020_HKNYCD/fo)

 

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SOURCE Hong Kong Tourism Board

IRVINE, Calif., Dec. 23, 2020 /PRNewswire/ — To help spread some holiday cheer and provide welcome relief to those hit hardest by the pandemic, Kia Motors America, SiriusXM and the National Basketball Players Association (NBPA) will surprise families from underserved communities with holiday presents and monetary gifts, all delivered in Kia K5 midsize sedans. The deliveries, which will be made virtually by NBPA members, coincide with the start of the 2020-2021 NBA Season with Kia NBA Tip-Off 2020 beginning December 22. 

«The holiday season can be challenging under the best of circumstances, but when you add a global pandemic into the mix, the challenges can increase exponentially. Kia is excited to help bring some much-needed relief and holiday spirit to families across the country,» said Russell Wager, director, marketing operations, Kia Motors America. «The NBA and its players came through for fans in a big way this past season and provided us with the distraction we all needed to take our minds off the stress of daily life during the COVID-19 pandemic. We are honored to sponsor and kick-off the Kia NBA Tip Off 2020 by partnering with the NBPA to continue to help those who have been impacted the most during this pandemic.»

NBA players Coby White of the Chicago Bulls; Kia 6^th Man of the Year, Montrezl Harrell of the Los Angeles Lakers; Dennis Smith, Jr. of the New York Knicks; and Tyler Herro of the Miami HEAT, will virtually deliver gifts and other necessities to families impacted by COVID-19 via an all-new 2021 Kia K5 mid-size sedan. Each player selected their recipient family based on a personal connection or familiarity with the family’s needs and struggles throughout the pandemic. This is the latest extension of Kia Motors’ «Accelerate The Good» charitable initiatives which were instituted at the start of the pandemic back in March of 2020. Through «Accelerate The Good,» Kia donated $2 million to charities that assist homeless youth nationwide and manufactured and delivered more than 550,000 pieces of personal protection equipment in the form of face shields, to hospitals and medical centers nationwide.

«As athletes, we have an incredible platform that allows us to personally assist those who are really struggling, and this program with Kia gives us a chance to effect real change in the lives of some of our fans,» said Dennis Smith Jr., New York Knicks point guard. «The mom I nominated for ‘Accelerate The Good’ is Shaquana. As a single mother, she has gone through so much, from losing her daughter Shavon to gun violence to dealing with COVID-19, and I am grateful that my NBPA brothers and I can make her life and the lives of others just a little bit easier this holiday season.»

«Brand Allyship, the practice of partnering with brands that embody and amplify our core values, is our north star,» said Payne Brown, president of THINK450, the innovation and partnership engine of the NBPA. «The partnership with Kia to ‘Accelerate The Good’ this holiday season is a great example of the way brands and players can connect to directly impact the communities where our members live and play. We thank Kia for their commitment to making a difference, and look forward to replicating this model partnership with others.»

About Kia Motors America 

Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

About the NBPA

The National Basketball Players Association is the union for current professional basketball players in the National Basketball Association (NBA). Established in 1954, the NBPA’s mission is to protect and support the rights and talents of our players, magnify the power of their collective will, and amplify their voices as leaders who will transcend sport and society globally.

The NBPA advocates on behalf of the best interests of all NBA players, including the negotiation of collective bargaining agreements, the filing of grievances on behalf of the players, or counseling players on benefits, educational and post-NBA career opportunities. Business opportunities are generated by THINK450, the subsidiary of the NBPA charged with managing the players’ group licensing rights.

Dedicated to preserving the legacy of its members, the NBPA Foundation provides support and assistance to persons, communities and organizations around the world that seek to improve the lives of those in need.

About THINK450

THINK450 is the innovation and partnership engine of the NBPA. We uncover shared interests between our 450 players and leading brands to build more engaging partnerships. Together with our partners, THINK450 creates refreshingly original ideas that engage fans, stir them to action, and earn brands the right to participate in cultural conversations. For more information, visit THINK450.com.

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SOURCE Kia Motors America

DUBLIN, Dec. 23, 2020 /PRNewswire/ — The «Low Speed Vehicle – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.

Global Low Speed Vehicle Market to Reach US$12.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Low Speed Vehicle estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027.

Less Than 8 kW, one of the segments analyzed in the report, is projected to grow at a 4.4% CAGR to reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 8 kW-15 kW segment is readjusted to a revised 4.6% CAGR for the next 7-year period. This segment currently accounts for a 44% share of the global Low Speed Vehicle market.

The U. S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027

The Low Speed Vehicle market in the U. S. is estimated at US$2.6 Billion in the year 2020. The country currently accounts for a 28.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$2.3 Billion by the year 2027.

>15 kW Segment Corners a 25.1% Share in 2020

In the global >15 kW segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027, while Latin America will expand at a 5.6% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• American LandMaster
• Club Car LLC
• Deere & Company
• Intimidator Inc.
• Kawasaki Motors Manufacturing Corp., U. S. A.
• Kubota Agricultural Machinery India Pvt. Ltd.
• Ontario Drive & Gear Ltd.
• Polaris Industries, Inc.
• Textron Inc.
• Yamaha Motor Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• Global Competitor Market Shares
• Low Speed Vehicle Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

• Market Facts & Figures
• US Low Speed Vehicle Market Share (in %) by Company: 2018 & 2027
• Market Analytics

CANADA

JAPAN

CHINA

EUROPE

• Market Facts & Figures
• European Low Speed Vehicle Market: Competitor Market Share Scenario (in %) for 2018 & 2027
• Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

• Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/xs2hgi

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets