Connect with us

Press Releases

Sportradar Announces Canada Pension Plan Investment Board and TCV as New Strategic Partners

Published

on

Sportradar Announces Canada Pension Plan Investment Board and TCV as New Strategic PartnersReading Time: 3 minutes

Sportradar, the global leader in analysing and leveraging the power of sports data, announced two new strategic partners: Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.

CPPIB, through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and TCV will together acquire a stake in Sportradar at an enterprise value of EUR 2.1Bn (~USD 2.4Bn.) from private equity firm EQT and certain minority shareholders. Carsten Koerl, Founder and CEO, will retain his entire ownership position in Sportradar and will continue to drive its future development and growth. EQT will also reinvest a portion of its sale proceeds into Sportradar. Additional existing shareholders include Revolution Growth, Ted Leonsis, Michael Jordan, and Mark Cuban.

“CPPIB and TCV are both known for extensive global tech experience and a track record for working alongside innovative management teams to help achieve their long-term vision,” said Carsten Koerl, CEO of Sportradar. “Having two new investors with a strong North American footprint is ideal given our increasing focus and expanding operations in the U.S., as the sports industry evolves to meet the expectations of today’s sports fans. Sportradar will continue to develop best-in-class, integrity and technology- driven services as we expand into new market segments, and we’re excited to have such a strong team behind us.”

Sportradar is the nexus between sports and entertainment, serving leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV content (MLB) around the world for betting purposes. With deep industry relationships, Sportradar is not just redefining the experience of being a sports fan; it also safeguards fairness in the sports themselves through its Integrity Services team. By monitoring abnormal betting patterns or social signals around matches, Sportradar’s Integrity Services division has escalated insights to authorities that have resulted in hundreds of sporting sanctions globally.

“The sports data market, particularly real-time data, is a compelling long-term investment opportunity, with strong growth driven by rising fan engagement, opening of new markets and increasing spend on digital sports content globally,” said Ryan Selwood, Managing Director, Head of Direct Private Equity, CPPIB. “We are excited to partner with Carsten and look forward to supporting his innovative vision for Sportradar by further investing into artificial intelligence and global expansion.”

“Sportradar is a world-class sports data business that has maintained an impressive track record of delivering best-in-class technology solutions with a customer-centric approach,” said John Doran, General Partner at TCV. “We look forward to working with Carsten and the team to take advantage of the developing U.S. market and drive the evolution of how sports content will be consumed in the future.”

“Through this investment, CPPIB is able to participate in a compelling global technology growth story alongside our new partners, including Carsten and TCV,” said Alain Carrier, Senior Managing Director and

Head of International, CPPIB. “We are thrilled to have the opportunity to work with Sportradar’s management team as they drive the company forward across new customer segments and geographies.”

“We love backing great CEOs with a big vision, and Sportradar fits that profile perfectly,” said Jay Hoag, founding General Partner at TCV. “We are excited about working with Carsten, CPPIB, and existing shareholders to accelerate product innovation and drive continued growth.”

“Revolution invested in Sportradar because we know how powerful real-time data and analytics have become to the live sports business. Sportradar’s vision for how the world will use this data has made them the most influential sports data and information company in the world and they are well-positioned for expansion in the U.S. market given the recent decision by the Supreme Court to legalize sports betting,” said Ted Leonsis, Revolution Growth Cofounder and Partner.

EQT initially invested in Sportradar through its fund EQT Expansion Capital II in 2012, and subsequently invested through its fund EQT VI in 2014. During its partnership with EQT, Sportradar has seen positive organic and acquisition-based growth at approximately 40% revenue growth annually, and has grown its presence in Europe, the United States and Asia via the addition of 1,400 employees and a number of key strategic hires. The company now monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy.

“Sportradar has undergone an extraordinary transformation and is today a true global market leader in the sports data and digital content solutions space. The management team – led by Carsten – has done a fantastic job in driving the business towards the strategic vision that formed the basis for the partnership between Carsten and EQT,” said Dominik Stein, Partner at EQT. “We are convinced that CPPIB and TCV will be great partners to drive the strategic agenda for the future and EQT is excited to maintain a minority stake in the company.”

Closing of the transaction is expected in Q4 2018, subject to the receipt of all necessary regulatory approvals and consents.


Source: Press Releases Published on European Gaming Media Network

Press Releases

BiG Africa Supershow 2019 Speaker Interview: Jason Foster

Published

on

Interview with Jason Foster

Jason Foster

Head of iGaming

Chalkline Sports

Jason Foster is Head of iGaming at US based Chalkline Sports, a media technology company that powers platforms for communities and marketplaces of sports bettors. Jason has more than 20 years’ experience in sports betting operations and online sports betting technology and has worked with sports betting operators around the world. Some of Jason’s previous achievements include being the co-founder of South Africa’s first online bookmaker and a former General Manager of Sun International’s sports betting division, Sunbet. Other than gambling industry knowledge, Jason has extensive mathematical and statistical training.

Jordan: Jason, you were the co-founder of South Africa’s first online bookmaker, how have online sportsbooks evolved in South Africa ever since?

Jason: In a single word: mobile. Ten years ago, when we founded Volbet (later Sunbet), it was a big deal to simply take a bet online. It sounds a bit silly today, but that was the reality in 2008.

Today, Africa is a case study in mobile growth. The proliferation of mobile devices and connectivity on the continent is creating opportunities for digital inclusion, financial inclusion and innovation. The average person spends hours each day on their phone.

The impact on sports betting has been seismic. 75% of all online bets in Africa are taken on a mobile device.

This past summer, we ran World Cup 2018 programs for several clients in South Africa. Over 90% of all engagement was on a mobile device. We expect these percentages to hold strong or edge up as the overall size of the online betting market continues to grow rapidly.

Jordan: Chalkline Sports utilizes powerful Artificial Intelligence to generate content for bookmakers, how prevalent would you say AI is starting to become in the gaming sector?

Jason: As an industry, we’ve only just begun to tap the potential of AI. Many operators are using AI-enabled applications (like their CRM tools) that have AI-driven components.

In the sports betting space, many operators work with risk-management tools that use AI or machine learning.

However, we’ve only started with AI. Five years from now, when we think about gaming and AI, the response will be much more elaborate.

Jordan: You recently spoke about giving customers what they want at Gambling Indaba, what do punters really want?

Jason: At Chalkline Sports, we think about what punters want in three ways:

  1. Simplicity. Punters want simple, fun experiences on their phone, and they don’t want to spend a lot of time figuring things out. Facebook is easy. WhatsApp is easy, everything should be simple. No matter how complex the technology behind any application, the product must be simple to use.
  2. Personalization. Give punters what they care about. If you’re a serious rugby fan, you should first get info on Super Rugby. If you’re an EPL fan, you should get information on your favourite team. If you’re a casual fan, you should get the most popular games that day.
  3. Games. Punters want fun, and different types of games are changing the online experience every day. There’s more to sports betting than straight bets and parlays. Virtual games, lotto plus sports betting and season-long jackpot games are all examples of where the gaming world is going.

Jordan: Can you give us any hints as to what you will be presenting at the BiG Africa Supershow this year?

Jason: Yes. The emergence of mobile technology and data has created opportunities for operators that they can take advantage of to build and retain their customer base now. We’ll have a few case studies from forward-looking operators around the globe that will demonstrate the benefits of this approach.

Jordan: What do you look forward to by being a part of the 6th Annual BiG Africa Supershow?

Jason: African gaming is evolving rapidly. BiG Africa is a key a part of the growing conversation. The opportunity to meet and engage with operators, vendors, regulators and stakeholders is why we’ll be there.

 

Jason Foster looks forward to meeting you all in person at the 6th Annual BiG Africa Supershow. See more information on the BiG Africa Supershow and how you can register below.

Continue Reading

Press Releases

SPiCE Gaming Conference and Exhibition to be held in Goa Marriott Resort & Spa in February 2019:

Published

on

The second edition of the premier gaming conclave of India, namely the Strategic Platform for iGaming Conference & Exhibition (SPiCE), is set to be held on 26th and 27th February 2019, at the Goa Marriott Resort & Spa, located in Miramar, Panaji.

The two day conference and exhibition, hosted by Hong Kong-based Eventus International, will be held at the serene Goa Marriott Resort & Spa, which is strategically located close to the capital city of Panaji, with easy access to the offshore and onshore casinos of the state.

The event will see eminent experts and industry leaders brainstorm on the developments in the gaming and betting industry and the road ahead for the sector over the course of two days.

A SP’iCE’ Breaker Networking Drinks will be held on the eve of the event, i.e. on 25th February 2019 at the Goa Marriott Resort & Spa, wherein the attendees will get an opportunity to discuss, deliberate and network over drinks while gazing out over the beautiful oceanic view of the Arabian sea.

After Day One of SPiCE 2019 (26th February), attendees will also see a fun-filled casino visit to Deltin Royale casino in the evening and a USD150 buy-in poker tournament as well as canapés and drinks for the all.

On Day Two (27th February), there will be a VIP Networking Event, namely Table Talk Dinner, wherein the VIP attendees of the event will be invited to gather over a 5-star three-course dinner and drinks.

The theme for the event is to promote Indian culture and therefore participants and speakers are encouraged to attend the conference in their best ethnic attire.

Yudi Soetjiptadi, Managing Director at Eventus International notes, “SPiCE is turning out to be the most anticipated gaming event in India and the response that we have received so far is truly overwhelming. We aim give a unique experience to all participants and also promote Indian culture, which is why we are encouraging all participants to come out in their best ethnic wear for the event. SPiCE will not just be a platform to network and exchange views, but also have a memorable and fun-filled experience in a serene environment.”

Eventus International is a highly professional, independent and global event producing company that specialises in gaming conferences and exhibitions; across Asia and Africa, attended by hundreds of senior delegates from the private and public sector. For more information on Eventus International, kindly visit – http://www.eventus-international.com/

SPiCE is scheduled to take place on the 26th & 27th February 2019 at Goa Marriott Resort & Spa, India.

Continue Reading

Press Releases

SPiCE India 2019 – We’re Adding Some Flavour to Networking

Published

on

SPiCE isn’t just a 2-Day Conference and Exhibition. It is an “all-in-one” networking platform for the gaming industry to connect and grow together over formal and informal settings. Spartan Poker is the proud Co-Networking Drinks Sponsor for the “SP’iCE’ Breaker” networking event on the 25th of February 2019. During this event attendees who arrived early, can register to beat the queue on the next day, as well as BREAK THE ICE at SPiCE with HOT conversation and ICE COLD drinks, while gazing out over the beautiful oceanic views of Goa.

 

And… this is not the only way to network at SPiCE! Here follows all networking opportunities during SPiCE 2019:

  • SP’iCE’ Breaker Networking Event: Co-Sponsorship (25 Feb, 5pm – 9pm)

    • Sponsored Welcoming Drinks (26 – 27 Feb, 9am – 10am)

    • Sponsored VIP Lounge & Bar (26 – 27 Feb, 10am – 5pm)

    • SPiCE IT UP Poker Tournament: Co-Sponsorship (26 Feb, 8pm – Late)

    • Table Talk Dinner VIP Networking Event: Co-Sponsorship (27 Feb, 7pm – 10pm)

Interview with Amin Rozani

Amin Rozani

Managing Director

The Spartan Poker

 

Amin Rozani is the co-founder and Managing Director of The Spartan Poker, one of India’s leading real money gaming portals. A Six Sigma Black Belt, Mr. Rozani comes from a banking process background having worked and consulted with brands such as Birla, Wipro, WNS and Standard Chartered Bank among others.

 

Eventus: What are the challenges faced in the online poker space at present?

Amin: The area of opportunity here is the taboo associated with real money gaming. There is still a prevailing thought (among those who aren’t full aware) that poker is a game of chance. That mind-set has been changing over the past 5 years especially but there is some way to go before poker gains complete acceptance as a mind sport that is skill-based.  Of course, there are advertising and marketing hurdles faced by us when we try to promote the sport and our brand as mainstream advertising is unavailable to us. There is also a lack of clarity about regulation which needs to be addressed if this industry is to achieve the growth it is capable of in a shorter duration of time.

 

Eventus: Poker leagues are burgeoning and also being televised. What are the opportunities in the sportification of skill games?

Amin: Certainly it is terrific mainstream exposure for the sport and the more that happens, the faster we will see this game grow in India. If you ask people like us who first started playing/following the sport back in the mid-2000s, watching shows like the World Poker Tour on Indian television really opened us to how developed poker was in mature markets like US and Europe.

The other advantage of televising poker is the creation of Indian poker celebrities. While there are stalwarts in the game across the world, that one can admire, it’s a different feeling to look at home-grown heroes as a source of pride and inspiration.

Eventus: Although there are various restrictions on international operators starting something in India, what are the possibilities in the present scenario?

Amin: The poker industry in India is a very niche one which is closed off. There are several entry barriers for international operators to venture into India despite it being a very attractive proposition and one of ‘last frontiers’ in terms of poker markets. So any international operator who wishes to enter needs to understand these challenges and will require substantial funding to make a dent in this market.

Eventus: There are various legal cases going on in High Courts that will decide the fate of skill-based games like poker and rummy. How has the progress been in the matters so far and what may be expected in terms of legal and regulatory challenges going forward?

Amin: Poker is still in its nascent stages. The industry has exhibited immense growth despite various challenges. This upward trend will continue and considering that there are more opportunities than challenges, I am hopeful that those in charge of regulations will see the positives of making this sport mainstream and that it will happen sooner rather than later.

Eventus: Do you think other state governments are looking at opportunities in the casino and gaming space?

Amin: Certainly tourism-dependent states are always looking for opportunities to attract visitors. Gaming entertainment provides that and the significant revenue it would generate will help those states in funding various other developmental initiatives..

Eventus: What are the innovative products that can be offered in the current market and are you looking to expand your offering?

Amin: Within poker, there are many variants like Open Face Chinese Poker (OFC), a fast paced variant such as Boost (also known as Zoom on PokerStars), a jackpot style variant called Windfall and many more products are already on offer for players. Beyond poker, there’s games like rummy, fantasy sports and even play money casino which we are looking to get into. As such we are constantly seeking to innovate and new product development is an on-going activity

Eventus: What do you look forward to by being a part of SPiCE 2019?

Amin: SPiCE will allow me the opportunity to listen to and interact with industry leaders and veterans who will share their past experiences as well as their vision for the gaming industry’s future. Such insights are immensely useful to newcomers as well as to brands like ours which been around for a while. We can learn from the pillars of the industry which will help us avoid making errors and improve on existing processes. After all we are in the service business and the ongoing goal is to always serve our customers better.

 

 

After successfully hosting Sports Betting & Gaming India (SBGI) summit in Goa in February this year, Eventus International has announced the rebranded Strategic Platform for iGaming Conference & Exhibition (SPICE), scheduled to take place on the 26th & 27th February 2019 in Goa, India.

The two-day event will delve into the impact and opportunities that comes with clear and well-defined legalised gambling. Presentations will discuss investment opportunities in online skill gaming and brick and mortar casinos, effective structuring of foreign investments and gaming businesses, responsible gambling and the player protection and the socio-economic and financial benefits of legalised gambling etc.

 

Continue Reading
Advertisement
NSoft

Industry News

  • Live Event/Conference
  • Press Releases
  • Latest News
  • Gambling in the USA
  • European Commission

  We are proud to announce that Andrius Gabnys (Gabnys Law Firm) will join us as event Ambassador at [...]

  We are honored to announce that the registrations are open for the second edition of MARE BALTICUM [...]

  The inaugural European Gaming Congress took place last month on the 16th of October in Ljubljana a [...]

  We are honored to announce the official date and location for Prague Gaming Summit 3, which will b [...]

  European Gaming Congress 2018 will take place at Grand Union Hotel Ljubljana on the 16th of Octobe [...]

  Leading online bookmaker becomes race day sponsor at top Scottish racecourse   Leading online book [...]

  Innovative Technology Americas, Inc. is pleased to welcome Beth Clark, Office Manager, to their Wi [...]

  GameOn’s 100% FREE App Allows Sports Fans of all Levels – Casual & Hardcore – to Compete, Watc [...]

  Penn National Gaming, Inc., announced that it has entered into a definitive agreement to acquire t [...]

  Complexity Gaming, one of North America’s most elite and longest standing esports organizations, a [...]

  Make sure you check out this week’s latest slot game releases!   We kicked off this week with Eye [...]

  Resorts World Manila, an integrated resort in the Philippines posted impressive results for the th [...]

  British Columbia Lottery Commission (BCLC) has approved the Delta Cascades Casino project. The Gat [...]

  The Malta Gaming Authority has revealed plans to enter into an agreement with Italy’s Guardia di F [...]

  An alleged lottery corruption scam is snowballing into a big social media controversy in China. Th [...]

  Innovative Technology Americas, Inc. is pleased to welcome Beth Clark, Office Manager, to their Wi [...]

  GameOn’s 100% FREE App Allows Sports Fans of all Levels – Casual & Hardcore – to Compete, Watc [...]

  Penn National Gaming, Inc., announced that it has entered into a definitive agreement to acquire t [...]

  Complexity Gaming, one of North America’s most elite and longest standing esports organizations, a [...]

  The Malta-based sports betting service provider Kambi Group has signed a sportsbook agreement with [...]

Brussels, 19 June 2018 – Digital Single Market: EU negotiators reach a political agreement on free f [...]

LONDON, June 18, 2018 — Codewise, the industry’s first provider of AI-powered online ad measurement [...]

Brussels, 6 June 2018 – The European Parliament and the Council reached late last night a political [...]

Brussels, 18 May 2018 — Today the European Commission is publishing the results of the 2018 Digital [...]

Tre

%d bloggers like this: