Tag Archives: NYSE

Codere Online maintains growth momentum as SPAC IPO approaches

Codere Online has reported strong revenue trends in key global markets, after the online sports betting and igaming firm documented its second quarter performance after entering into a business combination agreement with DD3 Acquisition Corp. The online gaming subsidiary of casino operator Codere Group entered into the deal with the publicly traded special purpose acquisition company in June. The transaction, valued …

Read More »

Growth hungry Genius Sports upgrades 2021 forecasts 

Genius Sports has upgraded its full-year 2021 financial forecasts, having disclosed peak Q2 trading which saw the sportstech group double its revenues to $59 million (Q2 2020: $27m).  Publishing its first H1 Interim results as an NYSE enterprise, Genius revealed double and triple-digit Q2 revenue outcomes across its core business units. A breakdown of Q2 performance saw Genius’ flagship Betting Technology …

Read More »

Super Group targets $350m EBITDA to showcase Betway’s NYSE credentials  

Net gaming revenue for Super Group, the parent company of Betway and Spin, is on track to match full-year expectations of $1.5 billion, accounting for over $350 million in EBITDA. The projections were disclosed by Super Group in an update to its investors on the progress of its F-4 registration with the Securities Exchange Commission (SEC), as corporate governance pursues …

Read More »

Genius Sports acquires Spirable to bridge convergence between media and betting

BetBright

Genius Sports has acquired Spirable in a move to bolster its data-driven video engagement capacities for all sports stakeholders. The NYSE sportstech group intends to leverage Spirable’s video platform and combine this system with its official sports data collection and distribution operations and client network to reduce costs for partners and enable ‘deeper engagement’ and ‘higher performance’. Mark Locke, CEO …

Read More »

Genius lifts 2021 forecasts following strong NYSE debut results

A strong opening to year trading has led Genius Sports to raise its full-year 2021 forecasts, as the newly NYSE-listed enterprise targets corporate revenues of $250 to 260 million and adjusted EBITDA of approximately $10 to 20 million.  The upgraded forecast follows Genius’ publishing of its Q1 trading results in which the sports-tech group registered a 52% year-on-year revenue increase …

Read More »

IGT confirms Walter Bugno’s executive departure

IGT Plc has confirmed that long-term executive Walter Bugno has resigned from duties as the NYSE technology group’s Executive Vice President of New Business and Strategic Initiatives.  This morning, IGT notified investors that Bugno had chosen to end his 11-year tenure with the company to ‘pursue new professional opportunities‘ and will resign from all leadership duties on 14 May. A …

Read More »

Genius Sports acquires FanHub to bulk-up its fan engagement muscle

Genius Sports has agreed to acquire free-to-play (FTP) games developer and fan engagement studio FanHub Media, undertaking its first corporate acquisition as an NYSE-listed enterprise. The deal will see, Genius add an FTP games offering to its existing sports betting technology unit, whilst FanHub’s fan engagement solutions will be merged with Genius media division. Dealmakers chose not to disclose deal …

Read More »

Genius Sports returns to profit as NYSE journey begins 

Genius Sports has published its first set of financial results as a newly listed NYSE company. Publishing its full-year 2020 results (period ending 31 December), Genius recorded corporate revenues of $149 million – up 30% on FY2019 results of $115 million.  The firm’s betting technology unit (formerly Betgenius) served as the group’s biggest income contributor, generating FY2020 revenues of $111 …

Read More »

IGT downsizes board following departure of Beatrice H Bassey  

IGT Plc has informed investors that Beatrice H Bassey has chosen to retire from all duties as an independent director of the NYSE gambling technology group.  The former General Counsel and Compliance Officer of emerging markets private equity fund Atlas Mara, Bassey had joined the IGT board in March 2020, a month prior to the escalation of the COVID-19 pandemic …

Read More »

Genius Sports refreshes brand identity to reflect NYSE future

Genius Sports Group has this afternoon unveiled its new corporate brand and identity, as the company prepares for its imminent listing on the New York Stock Exchange (NYSE).  Updating its global partners, Genius disclosed that its entire sports tech portfolio and data assets had been consolidated under the single identity of ‘Genius Sports’.   The move reflects the ‘rapid convergence’ of …

Read More »