Tag Archives: Bloomberg

All eyes on wounded Grupo Codere

European business analysts are monitoring the movements of Bolsa Madrid gambling firm Grupo Codere SA closely, as the embattled company faces multiple obstacles in its corporate recovery. Following the publication of its Q3 2018 trading update (13 Nov) in which the company posted year-to-date net losses of €55 million, Codere has witnessed its share price collapse from €6.20 to €2.85 …

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Jason Trost – Smarkets gearing up for sportsbook rollout

Jason Trost the CEO & Founder of online betting exchange Smarkets, has revealed that his firm will move to launch a traditional sportsbook platform supporting its existing operations. Speaking to Bloomberg Business, Trost detailed that Smarkets had spent circa $5 million developing its sportsbook extension which will attached to the Smarkets exchange. Focusing on the in-house development of its proprietary …

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DraftKings raises further $100 million through Eldridge Industries LA

Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The  VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately …

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FanDuel & DraftKings reported to be in merger talks

Bloomberg News has reported that leading US daily fantasy sports (DFS) operators FanDuel and DraftKings are in merger talks, according to business insiders familiar with the situation. Merger talks have been pushed by investors, who have seen the value of their venture investments dip amid the continued legal trouble that the DFS operators have faced in various US states. Roughly …

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David Baazov updates market on Amaya takeover bid

Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …

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STATS acquires Bloomberg Sports

STATS, the world’s leading sports technology, data and content company, and Bloomberg, the leading global provider in data analytics, announced today that STATS has acquired Bloomberg Sports (BSports) and its sophisticated system of data analysis, predictive modelling and integrated data systems. By combining BSports with its Sports Solutions Group, STATS becomes the industry’s premier resource for sports analytics, offering a …

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GTECH secures $10.7 billion acquisition loan

Gambling and lottery technology provider GTECH has secured a $10.7 billion loan in order to finalise its acquisition of slot machine manufacturer International Game Technology (IGT). Business news source Bloomberg, stated that the $10.7 billion had been granted by 14 international banks, who had been privileged to GTECH’s plans to acquire IGT. The loan will be available to GTECH for …

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Codere given 48 hour bankruptcy lifeline

Spanish gambling operator Codere SA has been granted a 48 hour extension to solve its corporate debt restructure with creditors, as the operator looks to avoid entering bankruptcy protection. In a meeting between Codere bondholders and senior facility lenders, Codere had been granted a further 48 hours, to its existing May 10 insolvency deadline. Codere SA had been seeking new …

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SBC Interviews Bill Squadron of Bloomberg Sports

This Week the SBC team catches up with Bloomberg Sports President Bill Squadron, to discuss sports data analysis and Bloomberg Sports (BSports) product range as it aims to tackle the European sports betting market. Launched as Bloomberg Sports in 2010, BSports takes the technology developed by Bloomberg, the leading global provider in financial data and analytics, and applies it to …

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