DAZN is looking to raise as much as $1bn to continue its rapid global expansion strategy, according to reports. Bloomberg revealed that DAZN officials have already held conversations with potential investors in order to raise capital as part of a potential investment round, with a $1bn ballpark figure being revealed by an undisclosed source. This comes as the company – …
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Entain showcased as a Bloomberg Global 50 leader on corporate ESG
Entain Plc has been featured on Bloomberg’s ’50 Global Leaders’ campaign – showcased amongst the most effective global firms achieving its sustainability objectives as a corporate discipline. The campaign, which is being promoted on Bloomberg’s digital media platform, highlights the work on environmental, social and corporate governance (ESG) initiatives and directives by leading international companies. Showcasing Entain, Bloomberg highlighted the …
Read More »Euro 2020: Delivering interactive betting value for football fans
We’re just three weeks away from a European Championship with a difference, although seeing England as short as 5/1 with some bookies is at least a sign that some things never change. As fans return to the stadiums, albeit on a reduced level, will we see a reversal of the near ‘wiped’ home advantage in fanless football? Hopefully not for …
Read More »Deirdre Bigley appointed to Sportradar’s global Board of Directors
Deirdre Bigley, the Chief Marketing Officer of Bloomberg, has been appointed to the Sportradar Holding AG Board of Directors. Her appointment to the board, says Sportradar, will help deliver ‘long-term growth and value’ for the company’s stakeholders as the CMO brings with her a wealth of experience in building global marketing strategies. “Deirdre brings strong knowledge of building brands and …
Read More »Inbound budget sees Ontario pull the trigger on its igaming framework
The government of Ontario, Canada’s most populous province, is set to move ahead and establish the foundations for a liberalised igaming market – a move that will likely have significant consequences for how Canada chooses to regulated sports betting. Publishing its provincial budget, Ontario’s legislative assembly will reveal its conditions for launching a regulated igaming marketplace – a subject that …
Read More »All eyes on wounded Grupo Codere
European business analysts are monitoring the movements of Bolsa Madrid gambling firm Grupo Codere SA closely, as the embattled company faces multiple obstacles in its corporate recovery. Following the publication of its Q3 2018 trading update (13 Nov) in which the company posted year-to-date net losses of €55 million, Codere has witnessed its share price collapse from €6.20 to €2.85 …
Read More »Jason Trost – Smarkets gearing up for sportsbook rollout
Jason Trost the CEO & Founder of online betting exchange Smarkets, has revealed that his firm will move to launch a traditional sportsbook platform supporting its existing operations. Speaking to Bloomberg Business, Trost detailed that Smarkets had spent circa $5 million developing its sportsbook extension which will attached to the Smarkets exchange. Focusing on the in-house development of its proprietary …
Read More »DraftKings raises further $100 million through Eldridge Industries LA
Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately …
Read More »FanDuel & DraftKings reported to be in merger talks
Bloomberg News has reported that leading US daily fantasy sports (DFS) operators FanDuel and DraftKings are in merger talks, according to business insiders familiar with the situation. Merger talks have been pushed by investors, who have seen the value of their venture investments dip amid the continued legal trouble that the DFS operators have faced in various US states. Roughly …
Read More »David Baazov updates market on Amaya takeover bid
Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …
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