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OFFON

ZK INTERNATIONAL GROUP CO., LTD.

(ZKIN)
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ZK International Invests $10 Million in Maximbet.com

09/15/2021 | 09:14am EDT

By Chris Wack

ZK International Group Co. said it has made an additional investment of $10 million in Maximbet.com, increasing its ownership stake in the sports betting and casino operator to 15.73%.

Maximbet is a privately held, multi-state and globally licensed sports betting and casino operator focused on capitalizing on the expansion of the recently legalized sports betting market in the U.S.

ZK International has an option to increase its position to 25%, which it extended until Jan. 1, 2022.

Maximbet.com launched its international site in August and went live in Colorado on Sept. 2. It will continue to expand into Indiana, Iowa and New Jersey throughout the fourth quarter of 2021 as part of its 10-year multi-state market-access partnership with Caesars Entertainment.

ZK International shares were up 5% to $3.38 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

09-15-21 0913ET

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Financials (USD)
Sales 2020 86,8 M - -
Net income 2020 -0,83 M - -
Net Debt 2020 15,3 M - -
P/E ratio 2020 -24,0x
Yield 2020 -
Capitalization 73,8 M 73,8 M -
EV / Sales 2019 0,54x
EV / Sales 2020 0,41x
Nbr of Employees -
Free-Float 67,0%
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ZK International Group Co., Ltd. Technical Analysis Chart | ZKIN | VGG9892K1003 | MarketScreener
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Managers and Directors
Jian Cong Huang Chairman & Chief Executive Officer
Shao Chai Yang Chief Financial Officer
Min Ni Independent Director
Lie Cao Independent Director
Linge Zhou Independent Director