Tag Archives: NYSE

Genius Sports reaffirms 2022 financial outlook against changing market dynamics

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

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IGT nets $950m profits as unit transformations bear fruit

IGT Plc has underlined the group-wide strategic progress achieved by its corporate transformation programme, as all business units surpass trading expectations.  Posting its full-year 2021 results, the NYSE gambling technology group registered corporate revenues of $4.1 billion, up 31% on corresponding FY2020 results of $3.1 billion. The firm’s Global Lottery unit achieved a 29% increase in revenues to $2.8 billion …

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Allwyn lines up Justin King as Chairman of UK business dependent on National Lottery outcome

Allwyn has confirmed the ‘planned appointment’ of Justin King to serve as Chairman of its UK business, should the pan-European lottery conglomerate win the Fourth National Lottery Licence Competition. The former long-term Chief Executive of Sainsbury’s Plc (2004-2015), King has served as a strategic advisor of Allwyn’s bid to become the next National Lottery steward – a decision that imminently …

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Allwyn sets course on $9.3bn NYSE listing captained by Cohn & Robbins SPAC

Allwyn confirms recent news speculation, disclosing this morning that it has agreed to merge with SPAC vehicle Cohn Robbins Holdings Corp (CRHC)– a transaction that will see the multinational lottery operator list on the New York Stock Exchange (NYSE).  Issuing a joint statement this morning, Allwyn and CRHC dealmakers pursue an NYSE listing that will value the lottery group at $9.3 billion (€8.25bn) – representing …

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Codere Online maintains growth momentum as SPAC IPO approaches

Codere Online has reported strong revenue trends in key global markets, after the online sports betting and igaming firm documented its second quarter performance after entering into a business combination agreement with DD3 Acquisition Corp. The online gaming subsidiary of casino operator Codere Group entered into the deal with the publicly traded special purpose acquisition company in June. The transaction, valued …

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Growth hungry Genius Sports upgrades 2021 forecasts 

Genius Sports has upgraded its full-year 2021 financial forecasts, having disclosed peak Q2 trading which saw the sportstech group double its revenues to $59 million (Q2 2020: $27m).  Publishing its first H1 Interim results as an NYSE enterprise, Genius revealed double and triple-digit Q2 revenue outcomes across its core business units. A breakdown of Q2 performance saw Genius’ flagship Betting Technology …

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Super Group targets $350m EBITDA to showcase Betway’s NYSE credentials  

Net gaming revenue for Super Group, the parent company of Betway and Spin, is on track to match full-year expectations of $1.5 billion, accounting for over $350 million in EBITDA. The projections were disclosed by Super Group in an update to its investors on the progress of its F-4 registration with the Securities Exchange Commission (SEC), as corporate governance pursues …

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Genius Sports acquires Spirable to bridge convergence between media and betting

BetBright

Genius Sports has acquired Spirable in a move to bolster its data-driven video engagement capacities for all sports stakeholders. The NYSE sportstech group intends to leverage Spirable’s video platform and combine this system with its official sports data collection and distribution operations and client network to reduce costs for partners and enable ‘deeper engagement’ and ‘higher performance’. Mark Locke, CEO …

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Genius lifts 2021 forecasts following strong NYSE debut results

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 …

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