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

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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

Camel Rock Casino Chooses VizExplorer

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Camel Rock Casino Chooses VizExplorerReading Time: 2 minutes

VizExplorer, a leading provider of operational intelligence solutions for casinos, announced the execution of a new license agreement to deploy its floorViz™ and campaignViz™ solutions at Camel Rock Casino, operated by the Pueblo of Tesuque.

The New Mexico-based casino exists in a highly competitive market with several other gaming properties nearby. To mitigate the competition, the Tesuque Pueblo tribe announced last year its plans to build a replacement casino on tribal land near the Santa Fe Opera.

Seeking to secure its player base and optimize revenues at the new casino, Camel Rock selected VizExplorer to uncover insights it needs to make informed, profitable business decisions going forward. Using VizExplorer’s floorViz, the team will determine which games to keep, which new games to invest in, and where to place them on the new gaming floor. The marketing team will employ campaignViz to evaluate and properly incentivize players during the transition to the new casino, and determine an effective player reinvestment strategy.

“We are eager to get up and running with VizExplorer and trust that the information and insights their solutions offer will help us improve our slot floor, increase visits and encourage more play among our guests,” says Michael Beach, Camel Rock Casino’s Director of Marketing.

“We’re thrilled that Camel Rock chose VizExplorer solutions. The choice signals a commitment to using technology to derive valuable insights to improve operational efficiency, which is key to winning in a competitive casino landscape,” said Kyle Gryzanoski, VizExplorer’s VP of Sales – Western Region.

Camel Rock Casino joins more than 50 other tribal casinos currently using the VizExplorer platform. The agreement was handled by VizExplorer reseller Game Changing Technologies, a provider of licensing and consulting services to companies doing business in the casino industry.

 

About VizExplorer:

VizExplorer offers operational intelligence (OI) solutions to the gaming industry. The next generation in data-driven decision making, OI lets businesses analyze live, fast-changing data and take immediate action using a single toolset. VizExplorer’s tools help enterprises address smart space and profit optimization, marketing campaign management, CRM and customer service, and service and dispatch management. VizExplorer is led by a team of distinguished OI experts, seasoned industry veterans and world class software developers devoted to building the very best products backed by extraordinary support. VizExplorer is headquartered in San Diego, with offices in Las Vegas and Wellington, New Zealand.


Source: Press Releases Published on European Gaming Media Network

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Press Releases

Wazdan pushes the boat out at iGB Live!

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Wazdan pushes the boat out at iGB Live!Reading Time: 3 minutes

Friday, July 20; 2018, Malta – Game-producer Wazdan hosted partners and the media to a boat party on Amsterdam’s canals to celebrate what has been a meteoric rise in the gaming world in less than a year as well as to mark two major game launches during iGB Live! The company had plenty to celebrate, this week alone Wazdan launched both Fruits Go Bananas™ as well as the much anticipated Spectrum.

In what has been a great year so far, Wazdan opened a new European office in Malta with a big party last month, won Hot Product Award at G2E Asia, as well as Start-Up of the Year Award at MIGEA Excellence Awards, was nominated for the EGR awards, have released a slew of new games and signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay and Rabbit Entertainment, amongst others.

The hosts welcomed their guests with a delicious dinner party on board the vessel as it cruised Amsterdam’s main canals. As a special treat, wooden boxes of exquisite hand-made chocolates were distributed to guests themed for Fruits Go Bananas™.

Apart from Fruits Go Bananas™ and Spectrum, Wazdan has launched a myriad of games this year, Book of Magic Deluxe, Magic Fruits 4 Deluxe, Dracula’s Castle, Magic of the Ring Deluxe, Magic Stars 3, Great Book of Magic Deluxe, 9 Lions, Double Tigers, Sizzling 777 Deluxe, Hot Party Deluxe, Corrida Romance Deluxe, Fruit Mania Deluxe, Football Mania Deluxe and Highway to Hell Deluxe.

Head of Sales at Wazdan Andrzej Hyla said: “Innovation is in our DNA at Wazdan and we are having great fun participating in this year’s iGB Live! showcasing our technology platform and our innovative Unique Wazdan Features. By showcasing what our technologists and games developers are capable of, we help to educate the industry on the depth of our talent pool and their capabilities. Wazdan has a technology advantage, and that has always been reflected in the games we produce. We’re delighted so many partners and friends could join us for this very special occasion on Amsterdam’s canals aboard this beautiful boat.”

Wazdan’s world-class studios are experienced in developing games and technologies for desktop, tablets and mobile, with a particular emphasis on mobile. The Unique Wazdan Features, that include the world’s first Volatility Levels™, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature, are a central element to deliver Wazdan’s HTML5 slots for mobile, tablet and desktop and have been showcased throughout iGB Live!.

For further information visit www.wazdan.com

 

 

ABOUT WAZDAN:
Wazdan is a popular game producer, developing innovative casino games that deliver original, fun and truly omni-channel player experience. Offering an extensive game library of over 100 HTML5 slots, table games and video pokers, Wazdan is gaining popularity on the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns and soon will extended with new amazing slot games, including Los MuertosTM, Mayan RitualTM and Captain FlyntTM, among others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility LevelTM, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of  European trademarks including for their world’s-first Volatility Level TM. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales Team is showcasing their products at iGB Live! in Amsterdam from July 17th to the 20th.


Source: Press Releases Published on European Gaming Media Network

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Press Releases

BetConstruct to open its platform to competing sport betting solutions

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BetConstruct to open its platform to competing sport betting solutionsReading Time: 1 minute

BetConstruct announces that their platform is now open to third party sportsbook solutions.

 

BetConstruct is known for being flexible, not greedy and partner-oriented. Although the company develops most of the products in-house, they also offer partners the alternatives developed by competitors.

“In short, we don’t play God to our partners and let them decide what’s best for them,” says Vigen Badalyan, BetConstruct Founder and CEO. “However, there are some restrictions. Where success of the vertical depends on liquidity, we limit the offer to our own product. Exception until today was the sportsbook. Today we are opening our platform to all sportsbooks. Just as we offer slots from Microgaming, NetEnt, Red Tiger Gaming and others along with our own content, we decided to offer sports betting products from our colleagues to our partners,” stated Mr. Badalyan.

This unprecedented move provides operators with the choices they didn’t have until now. Staying true to its philosophy of cooperation within the industry, BetConstruct believes that they’ll benefit from diversifying their sports betting offering as they benefited from diversification of their offer in all verticals.

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 16 countries.
BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: Press Releases Published on European Gaming Media Network

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