Raketech has reported strong growth across all core metrics for Q1 2021, recording an annual growth rate of 27% with market success in the US and Japan identified as key driving factors. Overall group revenues reached €8.3 million (Q1 2020: €6.5 million), whilst earnings derived from sports increased to 17% of group trading – representing an annual increase of 27%. …
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Matt King, the CEO of Flutter Entertainment‘s FanDuel brand, has announced his intention to end his tenure as leader of the FTSE100 firm’s flagship US wagering unit. King’s decision comes as Flutter continues to assess the possibility of listing a ‘small stake’ of FanDuel in the US, and the operator has acknowledged that the CEO’s departure ‘will affect the timing’ …
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‘Record’ acquisitions and US regulatory developments have allowed Better Collective to get off to a ‘strong and exhilarating start’ for 2021 as the sports betting media group recorded organic revenue growth of 19% in Q1. Publishing its financial results for the three months ending 31 March, Better Collective noted that revenues for Q1 grew by 86% to €38.8 million, up …
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Sportardar has made its third commercial takeover of 2021 by acquiring InteractSport, which will allow the supplier to strengthen its data and content offering across Oceania and Asia. InteractSport is an official partner of Cricket Australia, and also provides services to the England and Wales Cricket Board (ECB) – which will allow Sportradar to grow its presence across these markets, as …
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Real Luck Group, the managing company of esports betting operator Luckbox, has appointed Thomas Rosander to succeed Quentin Martin as chief executive of its flagship venture. The Toronto TSXV firm confirmed the immediate leadership departure of Martin this morning, who will be replaced by Rosander, who initially joined Luckbox in February as Chief Customer Officer (CCO). A seasoned industry executive, …
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Scientific Games Corporation (SGC) has reported a stable corporate trading and performance in the first quarter of 2021 as COVID-19 pandemic headwinds continue to impact its business lines. Publishing its Q1 trading update, SGC registered a 1% increase in group revenues to $729 million (Q12020: $725m) in line with Nasdaq firm’s trading objectives. The group’s SciPlay brand and Lottery division …
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Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …
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This month’s BETFEST, the first ever consumer event for US sports bettors, will give fans a unique chance to hone their betting skills, find a brand new career, and talk sports with people from across the country. The online event on May 15, 2021 is a whole new concept that captures the excitement of the rapid growth of the legal …
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Data and technology provider Genius Sports has entered into a ‘definitive agreement’ to acquire Second Spectrum, an official analytics partner of several high-profile professional sports leagues and teams, for a purchase price of $200 million. As a data tracking and analytics partner of the English Premier League, National Basketball Association (NBA) and Major League Soccer (MLS), Second Spectrum will significantly …
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US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit. A secondary offer of AUS 3.5 …
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