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Playmaker acquires The Props Network
May 20, 2022

Playmaker acquires The Props Network

Bookiecity

Playmaker has acquired creator agency and podcast network TPN Media Group, which owns sports betting information site PropsHQ.com, known as The Props Network.

The Props Network was founded in January 2020 and publishes bookmaker reviews, sports and betting information from across the US. It also broadcasts creator content from its podcast network.

The acquisition sees the appointment of Kyle Piasecki, co-founder of The Props Network, to the role of vice president of partnerships.

Previously Piasecki worked for Caesars Entertainment, where he managed VIP departments and customer relationships for land-based and online operations.

“Kyle and his team have developed a unique approach to what today’s media networks should be by providing value to creators, consumers, and gambling industry partners alike,” said David Woodley, president and chief revenue officer at Playmaker.

“The acquisition of The Props Network and bringing Kyle on board to our team gives Playmaker additional digital c..

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Playmaker reports $5.8m revenue in Q1
May 17, 2022

Playmaker reports $5.8m revenue in Q1

Bookiecity

Playmaker has reported revenue of $5.8m (£4.6m/€5.5m) for the first quarter of 2022.

This was up by 37% on a pro-forma basis from 2021, which comprised of Playmaker’s 2021 acquisitions- including Yardbarker, Futbol Sites and Two-Up Agency.

The total cost of sales was $728,969, leaving the gross profit at $5m.

Operating expenses amounted to $5.7m, up by $5.6m year-on-year, with all facets rising significantly. The comparative expense figures from 2021 are not on a pro-forma basis.

The rise was was mostly due to salary and wages costs, which totaled at $2.9m, rising from $17,826 in the first quarter of 2021.

Depreciation and amortisation costs were recorded at $940,836, a rise from $297 yearly, while advertising, commissions and fees came to $478,803.

The remaining expenses were made up of a number of expenditures, including general and administrative expenses, professional fees and share-based compensation.

The expenses resulted in an operating loss of $673,011, a rise of 518.8%…

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