Entering the US market as a global cloud hosting provider is “no easy feat” according to Peter Ekmark, CEO of Internet Vikings, as he explained the reasons why each individual state presents its own set of unique challenges. In a video interview, Ekmark began discussions by looking at the underlying reasons behind the increasing rates of cloud adoption – something …
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SBC Advisory Partners extends network with eight associates
SBC Advisory Partners, the pioneering consulting and transaction advisory service for sports, betting & gaming sector, has announced eight industry experts have joined the organisation as associates. The new associates will assist SBC Advisory Partners in its goal of offering clients a comprehensive knowledge and contact network for the sports, betting and gaming industries across the globe. The new associates …
Read More »Entain discloses terms on DraftKings $22 billion approach
The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance rejected DraftKings initial terms that …
Read More »Entain confirms DraftKings’ interest in reported $20bn acquisition
Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock and cash. However, the group …
Read More »SGC strengthens commitment to responsible gaming with AGA Education Week
Scientific Games Corporation (SGC) has moved to reinforce its commitment to responsible gaming across its business operations by recognising the American Gaming Association (AGA) Responsible Gaming Education Week (RGWE). Taking place between 19-25, the AGA RGEW will see SGC focus particularly on its Lottery Group’s Healthy Play programme, with which the Nasdaq-listed company aims to provide tools and education promoting …
Read More »Bally’s acquisition of Gamesys to close on 1 October
Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US counterparts. A court hearing sanctioning …
Read More »Michael Jordan to provide ‘guidance and strategic counsel’ to Sportradar
Shortly after successfully completing its IPO and listing on the Nasdaq Global Exchange, Sportradar has announced that early investor and former National Basketball Association (NBA) player Michael Jordan has joined its Board of Directors. Jordan will serve as a Special Advisor at the company, effective immediately, whilst also increasing his investment, with the providing ‘guidance and strategic counsel’ concerning the …
Read More »Raketech amplifies sports inventory with €16m QM Media buyout
Raketech Plc has agreed to acquire QM Media, finalising a deal valued at €16 million, to boost the sports media inventory of its publishing network. This afternoon, Raketech confirmed that it had agreed to acquire QM Media and its P&P Vegas North American subsidiary outright. Deal terms will see Raketech pay €9 million in cash upfront, with the remainder of …
Read More »David Elmore to lead GiG’s North American sales strategy
David Elmore has joined Gaming Innovation Group (GiG) as its VP Sales for North America, as the igaming provider seeks to capitalise on the US sports betting and gaming sector. The new hire’s primary role at GiG will be to contribute to and deliver the company’s North American commercial and sales strategy, placing its solutions and services at the forefront …
Read More »Ed Blonk: Sportradar IPO proves status as most innovative sports business
Cited as 2021’s most audacious public listing, yesterday Sportradar grabbed global business headlines as company Founder and CEO Carsten Koerl rang the opening bell of the Nasdaq Exchange with Michael Jordan. Speaking to SBC from 6 Times Square, Sportradar’s Chief Commercial Officer, Ed Blonk, discussed the company’s ambitions as a Nasdaq enterprise and how generated funds will be spent to …
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