Tag Archives: NBA

Sports betting incumbents have been warned not to rest on their laurels, as a disruptive decade faces more changes driven by AI adoption. The message comes from sports figurehead and technologist Carsten Koerl, the founder and CEO of Sportradar, who believes without hesitation that the terms of play for sports and betting will be re-written by the end of the decade. Taking …

Sportsbet.io has announced that the NBA’s Tristan Thompson has become its latest global ambassador. For the next two years, the Cleveland Cavaliers center and 2016 NBA Championship winner will look to bring his playing experience and ‘passion for cryptocurrency’ to the Yolo Group-owned brand. Meanwhile, the Canadian player will also be sharing his views on the latest action for Sportsbet.io, …

Genius Sports reaffirms that it will generate positive cash flow in 2024, achieving a corporate objective from its NYSE IPO. The statement follows Genius Sports’ Q3 trading results, which exceeded corporate expectations, with revenues at $120m—18% higher than 2023’s comparative of $101m and above the expected guidance of $119m. Further positives include Q3 net income of $12.5n, along with adjusted …

Sportradar AG is building strong commercial momentum as it pursues its post-IPO goal of surpassing €1bn in revenue. In its Q3 report, this global Nasdaq-listed sports technology company announced a 27% increase in revenue to €255m (up from €201m in Q3 2023). Year-to-date, revenues have reached €799m, marking a 28% increase over the previous year’s €625m. Betting Technology sales rose …

Sportradar is aiming to enhance the engagement experience for NBA fans with the launch of a new set of innovative solutions. Targeting the basketball league’s two billion global fanbase, the products will add value to the NBA’s content consumption, with new opportunities also benefiting operators and media partners looking to capitalise on the competition’s popularity.  Through leveraging AI and its …

Novibet has announced a partnership with the National Basketball Association (NBA) in Greece.  The deal sees the operator become the first company to directly partner with the sport in this market, allowing its users to enjoy exclusive basketball-related experiences. Novibet President, Rodolfos Odoni, said: “This partnership allows us to increase public interest in the NBA and provide them with unique …

Sportradar AG trades with confidence as leadership anticipates breaking the €1bn revenue mark for full-year trading, achieving a corporate milestone since its listing on the Global Nasdaq Exchange in 2021. The Nasdaq sports and betting technology group published its financial results for Q2 trading, registering a 29% year-over-year revenue growth from €216.4m to €278.4m, a difference of €62m. Adjusted EBITDA …

Former NBA point guard player Stevin ‘Hedake’ Smith is the latest athlete to join EPIC Global Solutions in their effort to promote gambling harm awareness.  Smith became centre of attention in the late 1990s for his involvement in a point-shaving scandal, landing him a one-year prison sentence and costing him a career in the NBA with the Dallas Mavericks.  The …

The NBA has netted a record broadcast deal with ESPN, ABC, NBC and Amazon. Worth $76bn, the multi-year media partnership will begin at the start of the 2025/26 season and has been described as one of the most valuable in all of sports.  There is one noteworthy admission, however, as TNT Sports lost rights for the NBA in the last …

Sportradar AG has achieved all commercial and operating objectives of a ‘dynamic 2023’ as the Nasdaq sports technology group sets the target of surpassing €1bn in corporate revenues in 2024.  Publishing its full-year 2023 accounts, Sportradar lauds its third consecutive year of double-digit growth as corporate revenues stand at €878m, 20% above FY2022 results of €730m.  Double-digit growth in headline …