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Sporttrade

Sporttrade raises $36m ahead of betting exchange debut in New Jersey

Philadelphia-based Sporttrade has raised $36m in funding as the company prepares to debut its sports betting exchange in the United States.

The coalition of investors from both the financial and gaming industries includes lead investor Jump Capital, Impression Ventures, Hudson River Trading, Tower Research Ventures, former MGM Resorts CEO Jim Murren, [...]

1 min read

Smarkets secures new investment to fund US and international growth

Betting exchange operator Smarkets has secured a minority investment from private equity firm Susquehanna Growth Equity (SGE) to accelerate its US expansion.

The Series B funding from Pennsylvania-based SGE will allow Smarkets to accelerate its rollout in the United States, where it is already live in Colorado with its SBK sportsbook [...]

2 mins read

Genius Sports to raise $418m in oversubscribed share offering

New York-listed sports data and technology provider Genius Sports is seeking to raise $418m through a new public offering of its ordinary shares.

The company’s underwritten public offering of 22,000,000 ordinary shares consists of 13,000,000 shares offered by Genius Sports, and 9,000,000 shares offered by certain shareholders.

In each case, the public [...]

2 mins read
Entain

Entain lists class of 2021 SportsAid Recipients

London listed betting and gaming operator Entain has announced the 50 British athletes it will support through SportsAid in the third year of the grassroot initiative.

The ongoing partnership between SportsAid and Entain sees the recipients receive an annual award of £1,000 for training, after being nominated by their respective sports [...]

5 mins read

Sports IQ Analytics raises $7m to fuel sports betting growth

Canadian sports betting technology and odds feed supplier Sports IQ has secured US$7m in new funding to fuel its growth across North America.

The funding round was led by Toronto-based private equity fund Harlo Equity Partners, with participants including The Kraft Group, UK-based gaming investment firm Velo Partners, Fenway Sport Group [...]

1 min read
Bally's Corp

Bally’s opts for investment in lieu of tangible equity unit offering

New York-listed Bally’s Corp. has dropped plans to offer $250m of tangible equity units, opting instead to pursue a private offering of equity-linked securities to a potential strategic investor.

Bally’s announced its equity units plan on April 13 alongside the offering of $600m in common stock, but has now decided to [...]

1 min read

Bally’s announces Q1 revenue growth and $850m fundraising

New York-listed gaming operator Bally's Corporation expects to report a 70 per cent increase in revenue to $185.0m for the first quarter of 2021.

Bally’s attributed the growth to the significant acceleration in March as COVID-19 restrictions were relaxed across the United States. 

The year-on-year revenue growth helped adjusted EBITDA for the [...]

1 min read

Playtech and SpringOwl invest in GameCo

Las Vegas-based games developer GameCo has secured financing and strategic investment from Playtech and investment firm SpringOwl Asset Management.

The capital infusion, which includes participation by GameCo’s previous investors, will allow the company to accelerate expansion of its arcade-style gaming, iGaming and eSports betting products.

“We have followed GameCo’s progress for some [...]

1 min read
GeoComply

GeoComply secures minority investments from Blackstone and Atairos

Geolocation and compliance technology specialist GeoComply Solutions has reached a definitive agreement for minority investments by funds managed by Blackstone Growth and Atairos.

The partnership represents the first commitment of institutional capital to the company and will support GeoComply’s continued growth in its core markets and help accelerate expansion into new [...]

1 min read
Jumio

Jumio secures $150m investment to expand ID verification solutions

Identity verification specialist Jumio has secured $150m in funding from Boston-based private equity firm Great Hill Partners.

The investment will accelerate Jumio’s expansion in the digital identity space by providing additional resources to automate its identity verification solutions, expand the breadth of its KYX platform, and grow its suite of AML [...]

1 min read
Score Media and Gaming

Score Media and Gaming files for Nasdaq IPO

Toronto-listed Score Media and Gaming has filed with the US Securities and Exchange Commission to raise up to $183m in an initial public offering on Nasdaq.

The company plans to offer five million shares at $36.52 per share for a proposed offering amount of $182.6m, with net proceeds to be used [...]

1 min read

BetMakers secures $75m investment to expand B2B capabilities

Sydney-listed Betmakers Technology Group has secured a AUD$75m investment to accelerate its B2B sports betting strategy.

Betmakers has entered into an agreement with former Sportsbet and BetEasy founder Matt Tripp, who will assist the company with its B2B expansion and acquire $25m of new BetMakers shares.

In addition to potential opportunities for [...]

3 mins read
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