BYD Transforms Battery Production Line with ForwardX Robotics
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
August 20, 2021: -First came the IPO. Now, data supplier Sportradar extends a critical partnership to keep pace in the sports betting world.
Sportradar and betting company FanDuel had new terms that extend their pact to 2028, and the parties told CNBC. The Switzerland-based company will keep supplying FanDuel with its official data from top pro leagues, which include the National Basketball Association, Major League Baseball, NASCAR, and international soccer.
According to people familiar with the deal, financial terms were not made public, but the agreement is $150 million to $200 million in its value.
Flutter Entertainment, a U.K.-based mobile gaming company, owning 95% of FanDuel. Flutter trades on the London Stock Exchange and has a market capitalization of $34 billion. FanDuel partnered with Sportradar in 2018. Sportradar said it would play a “critical role in aiding FanDuel’s growth within a U.S. sports betting landscape.”
“Both Sportradar and FanDuel have established market-leading positions through investment in innovation and cutting-edge products and services, and this expanded agreement enabling us to work together to further evolve FanDuel’s offering, particularly in areas such as in-play betting,” Sportradar CEO Carsten Koerl said. “We’re looking forward to deeper integration with the FanDuel team to build on the success we’ve had together thus far.”
Sportradar wanting to empower its position within the sports betting supplier front and is ending the summer aggressively.
According to its SEC filing, the company announced its IPO with a listing size of $100 million. Sportradar will list on the Nasdaq Global Select Market under the ticker symbol SRAD. The public listing comes after a botched SPAC attempt, including Horizon Acquisition Corp. II, led by Los Angeles Dodgers minority owner Todd Boehly.
Although losing out on National Football League data rights was a setback, Sportradar strengthened its tech offerings by acquiring Synergy Sports in the previous March. It also partnered with Bally’s in July. Bally’s has a sponsorship deal with Sinclair that enables Sportradar’s sports data to use Sinclair’s multiple media platforms.
In the extension with FanDuel, Sportradar said it is planning to upgrade the company’s in-play bet offerings, representing nearly 50% FanDuel’s betting handle. FanDuel is well-positioned for leveraging micro-bets, as it’s aligned with tech firm Simplebet.
Simple but raised $15 million in March in a financing round as the software company wants to enhance its sports betting products.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
Hertz Global Holdings Inc. (NASDAQ: HTZ), a prominent car rental company, has disclosed further financial losses associated …
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.