Tag Archives: Sportradar

Sportradar launches AI-led Insight Tech Services suite

Sportradar launches AI-led Insight Tech Services suite

Sportradar has announced the launch of Insight Tech Services, a suite of standalone artificial intelligence (AI) led solutions for in-house use by sportsbook operators.

Insight Tech Services has been launched as a complement to Sportradar’s Managed Trading Services (MTS), and features trading, risk management and marketing tools.

It has been designed to allow operators to optimise performance and achieve a deeper understanding of their business and their customers through AI solutions.

“In the hyper-competitive betting market, sportsbook operators are under pressure to improve performance and engage more deeply with their customers,” said Paolo Personeni, managing director of managed betting services at Sportradar. “By combining Sportradar’s market leading artificial intelligence and impressive depth of betting industry data, Insight Tech Services provides operators with the tools they need to manage an efficient sportsbook in-house and directly engage with bettors, delivering a ser..

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Sportradar raises guidance after US segment turns Q3 profit

Sportradar raises guidance after US segment turns Q3 profit

Sportradar raised its full-year guidance after it reported a 30.7% revenue increase to €178.8m and said its US segment turned a profit in Q3.

Sportradar reported that revenue from the United States was up by 61.2% to €31.6m.

“This growth was driven by a strong increase of US betting services, driven by cross-selling non-data products to betting operators as well as benefiting from our customers’ growth as a result of a development in the underlying market and new states legalising betting,” the group said.

Rest-of-world betting services was the largest segment of the business, with revenue up 28.4% from Q3 of 2021.

This, Sportradar said, was mostly due to clients using more products in which Sportradar receives a higher revenue share, such as as managed betting services.

“This growth was driven primarily by increased sales of our higher value-add offerings including managed betting services, which increased 84% to €38.2 million, and live odds services, which increased 12% to €27..

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Fanatics hires Brandt Iden as VP of government affairs

Fanatics hires Brandt Iden as VP of government affairs

Fanatics Betting and Gaming has hired former Michigan legislator Brandt Iden as its new vice-president of government affairs, as the business edges closer to launching its betting product.

Iden was elected to the Michigan House of Representatives in 2014, until 2020 when he reached the state term limit. During this time he spearheaded the efforts to legalise both sports betting and online casino gaming in the state.

He then joined Sportradar, where he was head of government affairs during a period in which the business went public on the Nasdaq exchange.

Now, he joins Fanatics ahead of the apparel brand’s long-rumoured launch of a sports betting operation.

Read the full story on iGB North America

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Sportradar to provide data for XLMedia affiliate sites

Sportradar to provide data for XLMedia affiliate sites

Sportradar has entered into a multi-year sports betting data partnership with affiliate giant XLMedia.

Under the deal, Sportradar will serve as the official sports data provider to XLMedia through the delivery of a range of digital products and services.

XLMedia will leverage Sportradar’s real-time sports data products for North American and international sports properties across its owned and operated digital properties including SportsBettingDime, SaturdayTradition, SaturdayDownSouth, CrossingBroad, EliteSportsNY and Canadian Sports Betting.

Sportradar will also provide a selection of visualisation tools such as widgets and live match trackers to help enhance XLMedia’s editorial content.

In addition, Sportradar will supply betting odds and insights to support XLMedia with a rising demand for sports betting across its network of websites.

“This partnership highlights Sportradar’s ability to be a one-stop shop for exclusive betting data and sports content for XLMedia’s high quali..

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Sportradar granted sublicence, must stop scouting in Genius-FDC settlement

Sportradar granted sublicence, must stop scouting in Genius-FDC settlement

Sportradar’s legal dispute against Genius Sports and the Fooball DataCo (FDC) has reached a resolution, with the parties agreeing out of court that Sportradar will receive a sublicence for English football data, but must stop unofficial scouting.

Under the terms of the settlement, Sportradar will be granted a sublicence that will grant access to a delayed secondary feed until 2024. In exchange for this, Sportradar will cease its unauthorised in-stadium data collection activities.

The case, which dates back to February 2020, challenged the English and Scottish football data licensing regime. The framework was established in May 2019 when Genius signed a landmark agreement with FDC that granted the data business exclusive rights to collect, license and distribute live data from the Premier League, the Football League and the Scottish Professional Football League. The case was heard by the Competition Appeal Tribunal.

Sportradar claimed that the system that had been built through this..

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Sportradar shares up 15% after raising full-year revenue guidance

Sportradar shares up 15% after raising full-year revenue guidance

Data provider Sportradar’s share price rocketed after it raised its full-year revenue guidance for 2022.

The announcement came as part of its second-quarter financial report, in which the provider also revealed that its revenue for the three months to 30 June was €177.2m, up 23.0% year-on-year.

In total, €29.1m of Sportradar’s revenue came from the US, up by 66.3% as the US market continued to expand. Rest-of-world betting services brought in €95.5m, up by 20.6% This, the business said, was mostly due to more focus on “higher-value-add” services such as managed betting services.

Rest-of-world audiovisual services to betting operators came to €39.7m, up by just short of 10% thanks mostly to new customers.

Other operations brought in a further €12.9m.

The business then paid €43.4m for purchased services and data licences, up 33.1%, plus €64.4m in personnel expenses, up 37.6%, €21.2m in other operating income, a slight increase, and €49.2m in depreciation and amortisation, up by 75.9..

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Sportradar announces new all-in-one sportsbook solution Orako

Sportradar announces new all-in-one sportsbook solution Orako

Sportradar has announced Orako, its new all-in-one sportsbook solution for betting operators.

Orako offers technology, products and tools for operators looking to establish an omnichannel sports betting service for customers.

The sportsbook solution will feature Sportradar’s own portfolio and will present two options for operators to choose from- the choice of a service fully managed by Sportradar, or an option that allows operators to manage their own service using the Orako tools and technologies.

Orako will also include marketing services, and is powered with artificial intelligence and machine learning capabilities.

“The sports betting industry is hyper competitive, growing at pace and offering more opportunities than ever to operators,” said Jacob Lopez Curciel, managing director for managed sportsbook services at Sportradar.

“With Orako, we can manage up to 100 percent of a sportsbook’s operation and alleviate their need to invest in additional technology and innovation, fre..

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Sportradar launches in-play virtual cricket

Sportradar launches in-play virtual cricket

Sportradar has launched its virtual cricket in-play solution, a virtual betting product that aims to create a real-match cricket experience.

The solution is based on the T20 cricket game format and features a 3D animation engine.

It features 20 overs per team, along with super overs.

The solution is made up of data points from real cricket matches collated by cricket experts and data engineers from Sportradar.

This is the most recent of Sportradar’s cricket offerings, which utilises proprietary data collection tool Cricket Live Score Plus and data and audio-visual content from the International Cricket Council.

“The exponential growth of cricket worldwide has created unprecedented demand for associated content,” said Frank Wenzig, managing director, gaming at Sportradar.

“As cricket fans, and fans of sport more broadly, engage more deeply with data driven content, we are deploying the full extent our technological capabilities to deliver a unique fan experience that empowers our ..

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US growth helps power Sportradar revenue to €167.9m in Q1

US growth helps power Sportradar revenue to €167.9m in Q1

Data provider Sportradar’s revenue grew by 30.5% to €167.9m (£142.4m/$186.4m) in Q1 of 2022, as revenue from the US more than doubled while all other segments also experienced double-digit growth.

The United States was responsible for €25.7m of Sportradar’s revenue, more than double the total from Q1 of 2021. Meanwhile, €86.7m came from rest-of-world betting solutions, up 25.1%. The supplier said this growth was “driven primarily by increased sales of higher value-add offerings”, such as managed betting services which increased 51% to €26.4 million and live data and odds services, which increased 16% to €46.8 million.

A further €45.9m, up 16.9%, came from rest-of-world audiovisual products such as live streams, due to increased content from Tennis Australia and the National Hockey League (NHL). Revenue from other segments was up 13.6% to $9.5m.

Sportradar chief executive Carsten Koerl said it was Sportradar’s highest-margin products that had helped to power its growth.

“Our fiscal..

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Sportradar strikes partnership with Australian Ice Hockey League

Sportradar strikes partnership with Australian Ice Hockey League

Sportradar has entered into a data and audio-visual (AV) distribution rights partnership with the Australian Ice Hockey League (AIHL).

The deal will see Sportradar own the League’s worldwide data and AV distribution rights until the end of the 2024 season.

Through the deal Sportradar will offer its Connected Stadium automated technology – which enhances the quality of video production – to AIHL fans.

The Connected Stadium camera system will be installed in six league venues over the length of the partnership, beginning with the O’Brien Icehouse in Melbourne.

In addition all eight AIHL teams will have access to Sportradar’s Synergy coaching and scouting platform, which features information on how to draft and scout players.

Sportradar will also offer access to its Universal Fraud Detection System.

“The suite of industry-leading technology solutions that we provide is vital for the AIHL to engage a wider audience and grow the profile and participation in ice hockey, both in Austral..

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