5402 stories by Todd Shriber
Sportsradar IPO Could Value Company at up to $8.3B, Double Nearest Competitor
In an amended Form F-1 filing with the Securities and Exchange Commission (SEC), Sportradar updated its initial public offering (IPO) plans. It now indicates it plans to raise $504 million by selling 19 million shares at a range of $25 to $28,...
Caesars, Genius Sports Announce Agreement Featuring NFL Data
Genius Sports (NYSE:GENI) said today it's entering a partnership with casino giant Caesars Entertainment (NASDAQ:CZR), providing the gaming operator with access to the data provider's suite of official sports data content. Financial terms of the agreement weren't disclosed. But Genius is becoming...
NHL Could Get up to $90 Million in Sportradar Stock Through Data Agreement
The NHL can take an equity stake in data provider Sportradar of up to $90 million, or 1.8 percent, following its upcoming initial public offering (IPO). In July, the NHL and Switzerland-based Sportradar reached a 10-year agreement. Under the terms of the...
Apollo, 888 Leading for William Hill International Biz as CVC Departs
888 Holdings (OTC:EIHDF) and Apollo Global Management (NYSE:APO) are the remaining contenders for the William Hill assets being auctioned by Caesars Entertainment (NASDAQ:CZR). CVC Capital Partners has dropped out of the bidding. Private equity firm CVC controls German sportsbook operator Tipico, which...
Cosmopolitan Las Vegas Rumors Say Blackstone Wants $5B Plus
Apollo Global Management (NYSE:APO) and MGM Resorts International (NYSE:MGM) are reportedly interested in acquiring the Cosmopolitan on the Las Vegas Strip. Current owner Blackstone (NYSE:BX) is rumored to be shopping the venue at a price tag of at least $5 billion. A...
BetMGM Entering Puerto Rico, First Sports Betting Market Access Outside Mainland US
BetMGM and Casino del Mar at La Concha Resort in San Juan, Puerto Rico have announced the gaming company is bringing mobile sports wagering to the territory, marking the first access agreement outside the 50 states. The Caribbean island is an unincorporated...
Caesars William Hill Auction Nearly Done, Could Fetch up to $2.75B
Caesars Entertainment's (NASDAQ:CZR) auction of William Hill's international business is nearly complete. It's possible the US gaming behemoth will rake in more for those assets than previously expected. When Caesars revealed plans to acquire William Hill late last year, it made clear...
Facebook Soon Introducing Fantasy Sports, Predictive Games
Social media giant Facebook is dipping its toes into fantasy sports and predictive games, revealing a suite of offerings pertaining to pop culture, sports, and television shows. The first game introduced by the company is Pick & Play Sports, launched in partnership...
Spotlight Sports Boosts Fantasy Sports Footprint in Alarm Sports Network Acquisition
Spotlight Sports Group said today it's acquiring FA Media LLC, the parent company of Alarm Sports Network, in an all-cash deal aimed at bolstering the buyer's presence in the fantasy sports space. Owned by Exponent Private Equity, Spotlight Sports is a provider...
Playtika Paying $600M for Redecor App Parent Reworks
Mobile gaming company Playtika (NASDAQ:PLTK) is spreading its wings beyond the gaming space in its $600 million purchase of design entertainment app purveyor Reworks. The Israeli company said late Monday it's acquiring Finland-based Reworks, the owner of the popular design entertainment mobile...
