Tech & innovation Archives - Page 4 of 5

Genius Q1 revenue exceeds targets but stock-based costs mean losses grow

Data provider Genius reported Q1 revenue of $85.9m, 59.9% ahead of Q1 of 2021 and 10% above expectations, but stock-based expenses meant its net loss widened almost eightfold.

Betting technology, content and services brought in $49.7m, which was up by 27.4% from Q1 of 2021. The majority of the increase, $7.3m, was due to new customers.

Media technology, content and services experienced the fastest growth, up by 157.3% to $24.1m. This, Genius said, was “primarily driven by the acquisition of new customers in the Americas and Europe primarily for programmatic advertising services, and the inclusion of revenues from recent acquisitions”.

Sports technology and services brought in $12.1m, up 124.0%. Most of this growth was also acquisition-related, with Genius highlighting the acquisition of Second Spectrum.

Looking at a geographical breakdown of revenue, just over half – $44.2m – came from Europe, up 11.3%. The Americas brought in $36.0m, up 246.1%, while revenue from the rest of the w..

May 3, 2022

Mohegan to launch Kambi-powered PlayFallsview sportsbook in Ontario

Sports Betting News Bookiecity

Kambi will provide Mohegan Gaming and Entertainment’s PlayFallsview brand with its online sportsbook technology when it launches in Ontario.

Mohegan will launch a betting and gaming brand in Ontario, named after its Fallsview casino resort. The sportsbook for this brand will be provided by Kambi, featuring its ice hockey and bet builder products.

“The Canadian market, and Ontario in particular, is full of potential for Kambi and our partners so I am pleased to have agreed this partnership with Mohegan and its Fallsview online mobile brand.” Kambi chief executive Kristian Nylén said. “I look forward to the combination of our industry-leading mobile sportsbook and the prominent Fallsview name as together we bring players in Ontario all the excitement of single and in-game wagering along with the unrivalled bet combinability our sportsbook offers.”

Rich Roberts, president of Mohegan Digital for Mohegan Gaming and Entertainment, said he was excited to launch an online product outside of..

April 20, 2022

Dazn to launch sports betting brand with Pragmatic deal

Sports Betting News Bookiecity

Sports streaming business Dazn has partnered with betting and gaming supplier Pragmatic Group in order to launch Dazn Bet – its own sports betting brand, which is set to soft launch in August.

Dazn will launch a new business, headquartered in Gibraltar, to operate sports betting under the new brand, which will do business “in multiple regulated territories”. The platform for this product will be provided by Pragmatic, through an exclusive multi-year deal with the media group.

“It’s an honour for us to partner with DAZN,” Pragmatic Solutions chief executive Ashley Lang said. “We know that fans want more integrated, immersive, and interactive experiences, and through our exclusive partnership with DAZN, we can deliver this.”

Dazn said that the new sports betting business would “develop a fun, convenient, and integrated experience for casual bettors to enjoy alongside DAZN’s live sports streaming”, as part of what it called “the trend towards recreational in-play betting”.

Shay Segev
..

March 10, 2022

Staking a claim to betting: The transition from online casino to sports

Sports Betting News Bookiecity

Join Champion Sports for a best-practice guide on launching sports betting to complement your online casino offering.

As the global igaming industry becomes increasingly competitive, acquisition costs are reaching unprecedented levels as operators fight for market share. At the same time, consumers remain promiscuous and operators are struggling to extract the maximum lifetime value out of the players they have acquired, often at great expense.

This means single-vertical offerings for online casino are increasingly rare. Players want more, and if products are unavailable, they could move to a competitor. Do you really want to acquire a customer who then jumps to a competitor and stays there?

A key tactic to expand beyond casino is to move into sports betting. Not only will operators be able to offer casino players the opportunity to bet on sports, they can also unlock other upsides such as additional marketing opportunities, increased cross-sell, greater stickiness and more.

But la..

March 4, 2022

PointsBet partners with NBC Sports for landmark dual-market telecast

Sports Betting News Bookiecity

PointsBet has partnered with media broadcaster NBC Sports to debut its BetCast platform, a duel-market sports betting telecast to be split accros Chicago and Philadelphia.

The first ever BetCast will cover the NBA fixture between the Chicago Bulls and the Philadelphia 76ers, with the live game coverage spread across NBC Chicago and NBC Philadelphia.

PointsBet will supply live on-screen odds data in addition to future odds and player props. Viewers will also have access to PointsBet’s ‘Live Same Game Parlay’ options, giving them the opportunity to place bets while tracking odds, player performance, and team stats in-real time.

The BetCast will also feature alternate commentators to provide a sports betting focus. These include NBC Sports EDGE host Sara Perlman, NBC Sports Philadelphia’s 76ers analyst Jim Lynam, NBC Sports Chicago’s Bulls analyst Kendall Gill and PointsBet’s head oddsmaker Jay Croucher.

PointsBet first launched its sports betting product in Illinois in September 20..

February 15, 2022

GiG revenue grows 28% as business prepares to acquire Sportnco

Sports Betting News Bookiecity

Media services continued to power revenue growth at Gaming Innovation Group (GiG) in 2021, ahead of the business’s acquisition of betting supplier Sportnco.

Overall, revenue was up 28.0% year-on-year to €66.8m (£55.9m/$75.8m).

Media services continued to make up the vast majority of GiG’s overall revenue, bringing in €45.0m, up 31.2% from 2020.

The media services division continued to expand in the US, now having approval to do business in 19 states.

“GiG will continue to invest in the US market to carry out our long-term strategy to claim the US market through our premium assets, Wsn.com and Casinotopsonline.com,” the business said.

GiG CEO Richard Brown added that he was especially impressed by the continued growth of this segment.

“Media Services continues to go from strength to strength, expanding rapidly in new markets and taking further share of wallet in existing markets,” he said. “The team and strategy has delivered exceptionally well during 2021.”

Platform services mad..

February 10, 2022

FSB enters Slovakian market with Hungary’s Szerencsejáték Zrt

Sports Betting News Bookiecity

Sports betting and igaming service provider FSB is to power SZRT Slovakia’s betRing sportsbook, marking the Hungarian national lottery’s first foray into a new market.

The multi-year agreement will see FSB power SZRT Slovakia’s betRing.sk sportsbook. SZRT Slovakia is powered by the Hungarian state lottery Szerencsejáték Zrt (SZRT), its first move outside its local market.

FSB said it views the deal as an opportunity to prove it can deliver a leading product to other state lotteries looking to enter new markets. The company recently appointed Chris Graham as a new lead for B2B global marketing.

“We’re delighted to team up with SZRT Slovakia in this exciting multi-year agreement to become their trusted technology partner,” FSB chief executive David McDowell said. “Winning the highly competitive, multi-vendor tender process for this opportunity is a great testament to our agile tech and growing industry profile.
“It has been extremely gratifying to see the talented and highly motivate..

February 4, 2022

Athletes Unlimited selects Sportradar to protect integrity

Sports Betting News Bookiecity

Athletes Unlimited – which runs women’s professional basketball, volleyball, softball and lacrosse leagues in the US – has agreed a deal with Sportradar Integrity Services to provide services to detect and prevent manipulation of its competitions.

Athletes Unlimited chose Sportradar Integrity Services after “a competitive selection process”, allowing the data provider to use its Universal Fraud Detection System (UFDS) to monitor betting patterns and detect suspicious patterns.

In addition, Sportradar will provide education services, including webinars, about match-fixing to athletes within the leagues. It will also conduct an “integrity audit” of Athletes Unlimited’s leagues, which launched in March 2020, and will assist any investigations by Athletes Unlimited into integrity threats to its events.

“We are thrilled to partner with global industry leader Sportradar as we continue to expand our betting platform for our fans,” Nicole Pawlak, senior director of special projects for Athl..

January 27, 2022

Genius expects positive EBITDA and $340m in revenue for 2022

Sports Betting News Bookiecity

Data provider Genius Sports expects revenue to reach $340m and earnings before interest, tax, depreciation and amortisation (EBITDA) of $15m in 2022.

The business announced a number of details about its future outlook in its 2022 investor day today (27 January).

Revenue is set to reach $340m for the year thanks in part to continued growth as 2022 goes on. While revenue for Q1 is projected to be $78m and for Q2 this total is just $68m, the total then rises to $85m in Q3 and $109m in Q4, a busy period that will include both the NFL season and football’s World Cup.

Betting technology, content and services will make up the majority of revenue, bringing in $216m. SPorts technology and services will bring in $49m while projected revenue from media technology and services is $75m.

Like revenue, earnings are also expected to grow as the year goes on. The business expects to be EBITDA negative by $5m in Q1, before recording a total of in $8m in Q2, $9m in Q3 and $3m in Q4.

In 2023, the out..

January 26, 2022

Four suppliers join DSWV as first “partner companies”

Sports Betting News Bookiecity

Four betting suppliers have joined German betting trade association Deutscher Sportwettenverband (DSWV) as the organisation’s first “partner companies”.

Payment provider Aircash, risk and identity services provider Crif, fintech business Okto and data provider Sportradar will all join DSWV as its first non-operator members as it “opens up to companies from the sports betting value chain”.

“The DSWV and its member companies stand for the legal sports betting market in Germany,” Crif chief executive Frank Schlein said. “Working together in the association to make the market even fairer and safer for customers and providers motivates us to become a partner of the DSWV.”

DSWV President Mathias Dahms said the addition of these businesses would help the entire German sports betting industry speak with a single voice.

“Aircash, Crif, Okto and Sportradar are highly innovative, technology-driven and extremely successful companies with a strong reputation in the sports betting industry,” Dah..

Tag Archives: Tech & innovation