Gambling

• NEW YORK, March 11, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Evolution AB ("Evolution" or the "Company") (OTC: EVVTY).
• Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
• The class action concerns whether Evolution and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
• Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

• Beneath the surface of this annual sports event, however, lies a darker reality: the dangers of sports betting and gambling addiction.
• While the majority of college students who are of legal age to gamble do so responsibly, one organization estimates that 6% of U.S. college students have a serious gambling problem that can result in psychological difficulties, unmanageable debt and failing grades.
• A 2022 report found more than 1 in 5 college students have used their financial aid to gamble.

A growing part of sports culture

• These days, it’s impossible for sports fans to watch a game without seeing or hearing an ad that beckons them to place a bet.
• The constant bombardment of betting promotions during March Madness can desensitize individuals to the risks involved, leading to impulsive decision-making and related behavior.
• A 2023 NCAA survey of 3,527 young people ages 18-22 found that sports wagering is pervasive among this group.

Ubiquitous gambling ads, risky behavior

• This is a higher rate than found in the general population or those that commute or attend college virtually.
• Problem gambling shows up in this population, with 16% having engaged in at least one additional risky behavior such as alcohol and drug use.
• Meanwhile, 70% of these risky gamblers believe consistent sports gambling will increase their monetary earnings.

Starts out fun

• For some college students, gambling for fun can turn into a serious problem.
• Gambling addiction includes all gambling behavior patterns that compromise, disrupt or damage personal and family relationships or vocational pursuits.

Lowering the risks

• While March Madness may be a time of excitement for sports fans, it’s essential to recognize the potential pitfalls and take steps to mitigate the risks.
• Organizations such as the National Council on Problem Gambling provide confidential support and can connect individuals with services and treatment programs tailored to their needs.
• Call or text their helpline at 1-800-GAMBLER, chat with helpline counselors at www.1800gamblerchat.org, find a treatment facility or attend a self-help meeting.

M. Dolores Cimini receives funding from the Substance Abuse and Mental Health Services Administration, U.S. Department of Health and Human Services, to conduct research on substance use and addictions, mental health, and related risk behaviors among college students.

• This significant milestone marks the initial step in the launch of BetRoyale's native token , $BCRN (Crowns), and the development of its comprehensive Web3 ecosystem.
• The sudden hype surrounding the project has been marked by all 3 stages selling out rapidly, reaching half a million in just a few days.
• With the online gambling industry projected to expand, especially into the Web3 sector in the coming years, BetRoyale holds significant promise for growth.
• Revenue Sharing with Stakers (50%): The remaining tokens are distributed as rewards to loyal stakers, incentivizing long-term participation and commitment.

• Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 25, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Evolution AB (publ) (“Evolution” or the “Company”) (OTC: EVVTY ) American Depositary Shares (“ADSs”) between February 14, 2019 and October 25, 2023, inclusive (the “Class Period”).
• To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
• This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
• Glancy Prongay & Murray LLP, Los Angeles