DraftKings

AI-Powered Digital Sports League, SimWin Sports, Partners With Immutable

Retrieved on: 
Tuesday, July 11, 2023

BEVERLY HILLS, Calif., July 11, 2023 /PRNewswire/ -- SimWin Sports, the world's first virtual sports league that provides daily fantasy players and esports fans the ability to watch, predict, collect, play, and earn, today announces a strategic partnership with Immutable, the leading web3 gaming platform.

Key Points: 
  • SimWin Sports' first release is a blockchain-based experience that broadcasts virtual American football contests 24/7.
  • SimWin Football fully leverages the unique and innovative nature of digital assets, so every team and player in the game is a digital entity with unique business opportunities.
  • Further, owning rights to a SimWin player presents users with the unique opportunity to make money without selling their primary digital assets.
  • Next year, SimWin Sports will expand its web3 gaming offer to other experiences, including soccer, basketball, and cricket.

The Raine Group Raises $760 Million For Latest Growth Equity Fund

Retrieved on: 
Thursday, July 6, 2023

The Raine Group, a leading global strategic advisory and investment firm, announced the closing of Raine Partners IV, the newest fund in its flagship growth equity strategy, at a total fund size of over $760 million, bringing firm AUM to nearly $4 billion.

Key Points: 
  • The Raine Group, a leading global strategic advisory and investment firm, announced the closing of Raine Partners IV, the newest fund in its flagship growth equity strategy, at a total fund size of over $760 million, bringing firm AUM to nearly $4 billion.
  • “We are pleased to announce the closing of Raine Partners IV,” said Sherri Williams, Partner and Head of Investor Relations and Fundraising.
  • Raine Partners IV has already made its initial investment in Tripledot Studios, a leading mobile games developer with a diversified portfolio of casual games.
  • “We are excited to have made our first investment from Raine Partners IV in Tripledot,” said John Salter, Co-Founder and Partner of Raine.

Global Online Gambling Market Analysis Report, 2023-2028 - M&As the Most Preferred Strategy to Increase Shares, Followed by Expansion

Retrieved on: 
Friday, June 23, 2023

DUBLIN, June 23, 2023 /PRNewswire/ -- The "Online Gambling Market - Growth, Trends, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 23, 2023 /PRNewswire/ -- The "Online Gambling Market - Growth, Trends, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
  • The online gambling market is projected to record a CAGR of 11.49% over the next five years.
  • Casino gambling has been one of the rapidly growing gambling categories, owing to the convenience of usage and optimal user experience.
  • Merger and acquisition is the most preferred strategy in the online gambling market, followed by expansion.

DISQO CX INSIGHTS: SPORTS BETTING IS FAST-GROWING AND DIVERSIFYING, BUT STILL POLARIZING

Retrieved on: 
Thursday, June 22, 2023

LOS ANGELES, June 22, 2023 /PRNewswire/ -- Customer experience (CX) platform DISQO released new consumer insights about sports betting, including prospects for new customer acquisition and related brand marketing, in its report, "Making marketing wagers on online sports betting." Major growth opportunities with current non-bettors are discussed, alongside reputational risks that participating brands must navigate in the context of polarized viewpoints.

Key Points: 
  • "Sports betting's rapid expansion and uncertain regulatory future make CX insights crucial for near-term and long-term marketing decisions," said Patrick Egan, Director of Research & Insights, DISQO.
  • "Betting platforms, brands and media partners must navigate polarized viewpoints as consumers are increasingly saturated by sports betting ads in markets where this type of gambling is legal."
  • Attitudinally, younger men are the greatest share of enthusiasts, but women and older generations are warming to sports betting.
  • Survey Methodology: Between May 27 and 29, 2023, DISQO surveyed 24,787 nationally representative consumers in its proprietary audience.

DraftKings Submits Superior Proposal to Acquire PointsBet’s U.S. Business

Retrieved on: 
Friday, June 16, 2023

DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.

Key Points: 
  • DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.
  • Purchase Price and Consideration: We are offering to acquire the US Business for USD $195 million in cash, on a debt-free and cash-free basis.
  • Our Indicative Offer represents a 30% premium to Fanatics’ proposal of USD $150 million under the Existing Agreement.
  • DraftKings is uniquely positioned to submit this Superior Proposal due to the substantial synergies that we expect to be able to capture by combining your US Business with our scaled position in the United States.

Descope Announces Product Enhancements to Accelerate Passkeys Adoption for any App

Retrieved on: 
Tuesday, June 13, 2023

Over 80% of web application attacks in 2021 were due to stolen credentials according to the Verizon DBIR report.

Key Points: 
  • Over 80% of web application attacks in 2021 were due to stolen credentials according to the Verizon DBIR report.
  • “We are huge believers in the potential of passkeys,” said Slavik Markovich, Co-Founder and CEO of Descope.
  • With continued support for passkeys from Google, Apple, and Microsoft, user familiarity and adoption will increase in the months to come.
  • Our goal with these product enhancements is to reduce friction for any developers looking to add passkeys to their apps.”
    Descope listing on AWS Marketplace.

Rivalry to Present at Canadian Gaming Summit 2023

Retrieved on: 
Tuesday, June 6, 2023

TORONTO, June 06, 2023 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), an internationally regulated sports betting and media company, today announced that Steven Salz, Co-founder and CEO, and David King, Director of Product Design, will present at the Canadian Gaming Summit 2023 in Toronto, Ontario on June 14, 2023.

Key Points: 
  • TORONTO, June 06, 2023 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), an internationally regulated sports betting and media company, today announced that Steven Salz, Co-founder and CEO, and David King, Director of Product Design, will present at the Canadian Gaming Summit 2023 in Toronto, Ontario on June 14, 2023.
  • Dave King will join other industry leaders in a panel discussion titled “Game mechanics and UX - how much innovation is healthy for online casino,” alongside Caesars Digital and BetMGM representatives.
  • The session will explore the opportunities to innovate the design and user experience in online casino through inspiration from the video game industry.
  • Canadian Gaming Summit is Canada’s premier iGaming and sports betting conference.

Why Some Experts Believe There Is Tremendous Potential for Global Sports Industry

Retrieved on: 
Tuesday, June 6, 2023

PALM BEACH, Fla., June 6, 2023 /PRNewswire/ -- Hundred of millions of people around the globe watch professional sports for fun, but can they also make money from it? Most people may think that the only way to generate profit from sports is through sports betting channels. The sorry reality for these methods is, the odds are stacked against you – the vast majority of sports betters end up with less money than they started. According to some, only 3-5% of sports betters are profitable in the long run. A perhaps lesser-known way of investing in sports teams is buying equity in the team if it is publicly traded on a stock market. Like any other stock, if the share price goes up in value, you can generate a positive return and vice versa. A report from 90MIN.com discussed Investing in Sports Stocks. The article said: "The reason a sports team would want to sell shares to the public is the same reason any other company would - to raise money. When a team lists its shares through an IPO (initial public offering), investors pay money up front for those shares which go directly to the sports team. In return, investors receive partial ownership of the team and can sell it at any time to another investor who wishes to buy that share. A team may wish to expand its stadium, acquire an all-star player, or raise salaries for staff. All these wonderful things cost money, and one avenue to generate a lot of cash is by selling shares of the team to the public. Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Paramount Global (NASDAQ: PARA), WWE® (NYSE: WWE), DraftKings Inc. (NASDAQ: DKNG).

Key Points: 
  • Like any other stock, if the share price goes up in value, you can generate a positive return and vice versa.
  • A team may wish to expand its stadium, acquire an all-star player, or raise salaries for staff.
  • Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Paramount Global (NASDAQ: PARA), WWE® (NYSE: WWE), DraftKings Inc. (NASDAQ: DKNG).
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Why Some Experts Believe There Is Tremendous Potential for Global Sports Industry

Retrieved on: 
Tuesday, June 6, 2023

PALM BEACH, Fla., June 6, 2023 /PRNewswire/ -- Hundred of millions of people around the globe watch professional sports for fun, but can they also make money from it? Most people may think that the only way to generate profit from sports is through sports betting channels. The sorry reality for these methods is, the odds are stacked against you – the vast majority of sports betters end up with less money than they started. According to some, only 3-5% of sports betters are profitable in the long run. A perhaps lesser-known way of investing in sports teams is buying equity in the team if it is publicly traded on a stock market. Like any other stock, if the share price goes up in value, you can generate a positive return and vice versa. A report from 90MIN.com discussed Investing in Sports Stocks. The article said: "The reason a sports team would want to sell shares to the public is the same reason any other company would - to raise money. When a team lists its shares through an IPO (initial public offering), investors pay money up front for those shares which go directly to the sports team. In return, investors receive partial ownership of the team and can sell it at any time to another investor who wishes to buy that share. A team may wish to expand its stadium, acquire an all-star player, or raise salaries for staff. All these wonderful things cost money, and one avenue to generate a lot of cash is by selling shares of the team to the public. Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Paramount Global (NASDAQ: PARA), WWE® (NYSE: WWE), DraftKings Inc. (NASDAQ: DKNG).

Key Points: 
  • Like any other stock, if the share price goes up in value, you can generate a positive return and vice versa.
  • A team may wish to expand its stadium, acquire an all-star player, or raise salaries for staff.
  • Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Paramount Global (NASDAQ: PARA), WWE® (NYSE: WWE), DraftKings Inc. (NASDAQ: DKNG).
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

SPLASH INC. ANNOUNCES ACQUISITION OF RUNYOURPOOL AND OFFICEFOOTBALLPOOL, LAUNCHES SPLASH SPORTS PEER-TO-PEER REAL MONEY GAMING PLATFORM

Retrieved on: 
Monday, June 5, 2023

DENVER, June 5, 2023 /PRNewswire/ -- Splash Inc. ("Splash," formerly known as BetterPool) announced today their acquisition of RunYourPool (RYP) and OfficeFootballPool (OFP) alongside the launch of their real money gaming platform SplashSports.com (Splash Sports).

Key Points: 
  • DENVER, June 5, 2023 /PRNewswire/ -- Splash Inc. ("Splash," formerly known as BetterPool) announced today their acquisition of RunYourPool (RYP) and OfficeFootballPool (OFP) alongside the launch of their real money gaming platform SplashSports.com (Splash Sports).
  • Splash Sports brings the sports pool space to the modern age by removing friction to handle payments in one platform.
  • Currently in private beta, Splash Sports provides a much-needed alternative to traditional wagering options in the United States.
  • "A trend we've seen in real money gaming is that players are tired of giving money 'to the house.'