LSports has strengthened its presence in the Latin American market after naming Javier Manceñido Laczo as its new LatAm & Iberia representative. Prior to joining LSports, Manceñido Laczo amassed more than 15 years in the betting and gaming space, having worked for the likes of Genius Sports, Optima Gaming and Sportradar. Dotan Lazar, LSports CEO and co-founder said: “I think …
Read More »
A strong opening to year trading has led Genius Sports to raise its full-year 2021 forecasts, as the newly NYSE-listed enterprise targets corporate revenues of $250 to 260 million and adjusted EBITDA of approximately $10 to 20 million. The upgraded forecast follows Genius’ publishing of its Q1 trading results in which the sports-tech group registered a 52% year-on-year revenue increase …
Read More »
Genius Sports has maintained its strategy of global expansion by securing a partnership with the Basketball Africa League (BAL), taking on the responsibilities of Official Provider of Real Time BAL Statistics. A long time data partner of the International Basketball Federation (FIBA) and its 200-member leagues and federations, Genius will build on its presence in the sports via the new …
Read More »
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 …
Read More »
Genius Sports has agreed to acquire free-to-play (FTP) games developer and fan engagement studio FanHub Media, undertaking its first corporate acquisition as an NYSE-listed enterprise. The deal will see, Genius add an FTP games offering to its existing sports betting technology unit, whilst FanHub’s fan engagement solutions will be merged with Genius media division. Dealmakers chose not to disclose deal …
Read More »
Genius Sports has published its first set of financial results as a newly listed NYSE company. Publishing its full-year 2020 results (period ending 31 December), Genius recorded corporate revenues of $149 million – up 30% on FY2019 results of $115 million. The firm’s betting technology unit (formerly Betgenius) served as the group’s biggest income contributor, generating FY2020 revenues of $111 …
Read More »
The government of Japan has reportedly begun internal discussions with regards to regulating sports betting on football and baseball events, according to the Financial Times. Should betting regulations on the two popular sports be liberalised, it would create a market totalling around $65 million according to FT sources with ‘direct knowledge of the situation’. The most popular form of betting …
Read More »
Genius Sports will begin trading on the New York Stock Exchange (NYSE) as of tomorrow morning, Wednesday 21 April (ticker – GENI), having completed all merger requirements with SPAC vehicle dMY Technology Group II (dMY II). In a statement released this afternoon, the firm communicated that its business combination had been formally approved at a special meeting of dMY II’s …
Read More »
Genius Sports has been designated as the exclusive international streaming and data partner for betting to Japan’s B.League – the governing body for professional basketball in the country. Genius has been granted the exclusive rights to capture, manage and distribute the B.League’s official data and video content to its global network of regulated sportsbook partners as part of the deal, …
Read More »
Genius Sports Group has this afternoon unveiled its new corporate brand and identity, as the company prepares for its imminent listing on the New York Stock Exchange (NYSE). Updating its global partners, Genius disclosed that its entire sports tech portfolio and data assets had been consolidated under the single identity of ‘Genius Sports’. The move reflects the ‘rapid convergence’ of …
Read More »
SBC News Voice of the Sports Betting Industry