Genius Sports

Genius Sports Announces Resignation of a Member of the Board of Directors

Retrieved on:

Monday, April 1, 2024

Technology, Licensing (Sports), Casino, Gaming, Sports, General Sports, Entertainment, Carriers and Services, Audio, Video, Networks, TV and Radio, Genius Sports, Sport, Growth, Sale, Security (finance)

Genius Sports Limited (“Genius Sports”) announced today that Gabriele Cipparrone, partner at Apax Partners LLP (“Apax”), will resign from its Board of Directors effective 8 April 2024, following a reduction in holdings in Genius Sports by funds advised by Apax (“Apax Funds”) through a secondary sale on 1 April 2024.

Key Points:

Genius Sports Limited (“Genius Sports”) announced today that Gabriele Cipparrone, partner at Apax Partners LLP (“Apax”), will resign from its Board of Directors effective 8 April 2024, following a reduction in holdings in Genius Sports by funds advised by Apax (“Apax Funds”) through a secondary sale on 1 April 2024.
Since the Apax Funds’ investment in Genius Sports in 2018, Mr. Cipparrone has provided valuable insight and expertise as the Company went through a transformative period of growth, expanding from $85 million of revenue in 2018 to $413 million in 2023.
“Genius Sports has been an excellent investment for the Apax Funds, and as the Company reaches the three-year anniversary of its successful public listing on the NYSE, I feel confident in its long-term financial and strategic position,” stated Mr. Cipparrone.
With further liquidity in our stock, we look forward to continuing to attract and to retain the type of thoughtful and long-term shareholders we are fortunate to call our partners today.”
The Company is currently undergoing a comprehensive search for additional highly qualified independent members of its Board of Directors to replace those previously designated by representatives of Apax.

Genius Sports Chosen as Successful Bidder for Exclusive Football DataCo Betting Rights Through 2029

Retrieved on:

Tuesday, March 12, 2024

Genius Sports Limited (“Genius Sports”) and Football DataCo (“DataCo”), the data rights holder of English and Scottish football, have entered into an exclusive period of negotiation to extend their official betting data partnership.

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Genius Sports Limited (“Genius Sports”) and Football DataCo (“DataCo”), the data rights holder of English and Scottish football, have entered into an exclusive period of negotiation to extend their official betting data partnership.
The agreement remains subject to contract and approval of the Leagues and their respective Clubs.
Since 2019, Genius Sports has been DataCo’s exclusive supplier of official low latency data from the English Premier League (“EPL”), English Football League (“EFL”) and Scottish Professional Football League (“SPFL”) to the global sports betting industry.
The current rights agreement runs until the end of the 2024-2025 season with the new rights cycle being 2025-2029.

Stagwell's (STGW) Sport Beach Activation Will Return to Cannes Lions International Festival of Creativity 2024 with Icons Megan Rapinoe, Sue Bird, Carmelo Anthony, Hélio Castroneves, Justin Jefferson and More Confirmed to Attend

Retrieved on:

Monday, February 5, 2024

NEW YORK and CANNES, France, Feb. 5, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, unveiled today the initial athlete and brand partners confirmed to activate at Sport Beach 2024 (June 17–20), the flagship sports business destination at the Cannes Lions International Festival of Creativity (Cannes Lions). In 2023, Sport Beach was built for brands, platforms and athletes to tap into the cultural zeitgeist of sport and explore the power of fandom. It was the first time these groups converged at Cannes Lions to explore the dynamic culture of sports business, and to great success – with nearly 40 athletes and drawing over 5,000 people.

Key Points:

Sport Beach 2024, which moves to La Plage du Festival, will build on last year's success at Cannes Lions.
As part of this track, Sue and Megan will host a live edition of their podcast "A Touch More" from Sport Beach.
These discussions and activations at Sport Beach reflect a broader trend of athletes venturing into entrepreneurship, specifically within lifestyle industries.
Justin Jefferson (football) – A renowned NFL wide receiver and budding icon, Justin Jefferson has quickly become a household name.

Genius Sports launches revolutionary ‘Edge’ solution to increase sportsbook profitability

Retrieved on:

Tuesday, January 30, 2024

Online, Casino, Gaming, Technology, Entertainment, Software, Edge, GTS, Risk management, Genius Sports

Genius Sports Limited (“Genius Sports”) has unveiled Edge, a first-of-its-kind automated pricing tool that enables sportsbooks to maximize profits across unlimited sports events and bets concurrently.

Key Points:

Genius Sports Limited (“Genius Sports”) has unveiled Edge, a first-of-its-kind automated pricing tool that enables sportsbooks to maximize profits across unlimited sports events and bets concurrently.
Unlike today’s industry standard risk management solutions which simply limit players and minimize losses, Edge is designed to unlock greater profit on every bet.
Every price recalculation is correlated, meaning odds for all related betting markets are automatically optimized for maximum profitability – making it a game-changer for sportsbook trading teams.
We’re excited to roll this groundbreaking solution out across our sportsbook partners worldwide, transforming bottom-line performance.”
Edge is now available through Genius Trading Services (GTS) a fully managed trading solution or as a standalone solution to transform in-house risk management capabilities.

FIBA strategic partnership with Genius Sports to deliver next-gen AI-powered technology for Leagues and National Federations through 2035

Retrieved on:

Wednesday, December 13, 2023

Sports, Data Analytics, Artificial Intelligence, Professional Services, Technology, Casino, Gaming, Basketball, Entertainment, NYSE, League, Collection, Calumet Specialty Products Partners, Partnership, Family, Genius Sports, Sport, FIBA

FIBA, the world governing body of basketball, has expanded its long-term partnership with Genius Sports Limited (“Genius Sports”) (NYSE:GENI) to deliver its revolutionary computer vision technology and AI-powered capabilities to Leagues and National Federations around the world from 2025 to 2035.

Key Points:

FIBA, the world governing body of basketball, has expanded its long-term partnership with Genius Sports Limited (“Genius Sports”) (NYSE:GENI) to deliver its revolutionary computer vision technology and AI-powered capabilities to Leagues and National Federations around the world from 2025 to 2035.
For the first time ever, Leagues and National Federations will have access to an AI-powered automated player tracking system.
Since 2004, Genius Sports and FIBA have provided over 200 Leagues and National Federations worldwide with both FIBA LiveStats and FIBA Organizer, helping to collect official play-by-play statistics and drive digital transformation at all levels.
“For almost 20 years, FIBA and Genius Sports have joined forces in developing the most innovative tools for Leagues and National Federations across all levels of basketball,” said FIBA Secretary General Andreas Zagklis.

Genius Sports Launches FanHub ID, the First Unified Fan Identification Solution for Advertising

Retrieved on:

Wednesday, December 6, 2023

Marketing, Advertising, Communications, Sports, Licensing (Sports), General Sports, Genius, ID, GM, Graph, Sport, Genius Sports, Online shopping

Genius Sports, the global leader in sports data and technology, today launched an innovative new identification solution, FanHub ID.

Key Points:

Genius Sports, the global leader in sports data and technology, today launched an innovative new identification solution, FanHub ID.
With an innovative approach to activating sports-based identity signals powered by AI-based technology, Genius Sports will offer its customers the ability to reach audiences on and offline.
"FanHub ID gives them the ability to activate fan data to enable long-term loyalty."
The key benefits of FanHub ID include:
Sports content owners can better understand and engage their fans to generate incremental sponsorship dollars.

FanDuel Expands Genius Sports Partnership to Launch Revolutionary NFL BetVision Streaming Solution

Retrieved on:

Wednesday, November 15, 2023

Genius Sports Limited (NYSE: GENI) (“Genius Sports”) today announced an expanded agreement with FanDuel Group (“FanDuel”) to deliver its transformative BetVision streaming solution.

Key Points:

Genius Sports Limited (NYSE: GENI) (“Genius Sports”) today announced an expanded agreement with FanDuel Group (“FanDuel”) to deliver its transformative BetVision streaming solution.
FanDuel, America’s #1 sportsbook will unveil BetVision as part of its premium NFL offering through Genius Sports.
BetVision will allow FanDuel customers on mobile and tablet devices to take their live NFL viewing experience to the next level in the FanDuel sportsbook app.
By incorporating BetVision into the FanDuel Sportsbook, fans will be able to watch select NFL games inside the app featuring live stat tracking used by some of North America’s largest broadcast and streaming partners.

Genius Sports to Announce Third Quarter 2023 Results on November 13

Retrieved on:

Wednesday, October 25, 2023

Casino, Gaming, Sports, Entertainment, Professional Services, Mobile Entertainment, Football, Events, Concerts, General Entertainment, Data Analytics, Licensing (Entertainment), Q&A, Genius Sports, NYSE, Webcast, Broadcasting

Genius Sports Limited (“Genius Sports”) (NYSE:GENI) today announced that it will release its third quarter 2023 results before 8:00AM ET on Monday, November 13, 2023.

Key Points:

Genius Sports Limited (“Genius Sports”) (NYSE:GENI) today announced that it will release its third quarter 2023 results before 8:00AM ET on Monday, November 13, 2023.
At 8:00AM ET on the same day, Genius Sports will host a conference call to discuss the results.
Genius Sports’ earnings press release and related materials will be available at investors.geniussports.com.
To listen to the live audio webcast and Q&A, please visit Genius Sports’ investor relations website at investors.geniussports.com.

PANDA Interactive Files Suit Against Sportradar and Genius Sports for Infringing Its Foundational Sports Betting and Interactive Streaming Technology Patents

Retrieved on:

Tuesday, October 10, 2023

The complaints were filed against Sportradar Group AG (NASDAQ: SRAD) and Genius Sports Limited (NYSE: GENI).

Key Points:

The complaints were filed against Sportradar Group AG (NASDAQ: SRAD) and Genius Sports Limited (NYSE: GENI).
The two companies provide much of the technological infrastructure to sports-betting and related interactive video industries.
“PANDA developed its pioneering technology long before online sports betting was even legal in the US.
Sportradar and Genius Sports are infringing on our patents and capitalizing on our groundbreaking work.”
“PANDA’s technology is transformational for sports bettors and sportsbooks.

Gambling.com Group Announces 2023 American Gambling Awards Winners

Retrieved on:

Monday, October 9, 2023

Each winner received the American Gambling Awards’ exclusive Golden Eagle trophy – the icon of achievement in the regulated American market for online gambling – engraved with their details. Designed by Gambling.com Group and manufactured by Society Awards -- the firm that produces the Emmys®, American Music Awards and MTV Movie Awards -- the Golden Eagle trophy is an 11-inch, gold-plated, cast-pewter statuette of an American Bald Eagle, proudly resting in front of a pile of casino chips. The 2023 American Gambling Awards featured nearly 50 finalists, with the nominations evaluated by one of the most distinguished panels of expert judges the industry has seen.

Key Points:

The 2023 edition of the American Gambling Awards is pleased to announce the full list of 11 winners recognized for their leadership and innovation within the regulated, online U.S. gambling industry.
The American Gambling Awards are produced by Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Group”), a leading provider of player acquisition services for the regulated global online gambling industry.
In lieu of a traditional awards event, Gambling.com Group is hosting American Gambling Awards winners, judges and other invited partners at an exclusive VIP dinner in November in New York at Carbone.
It is our hope that the American Gambling Awards will bring positive attention to the leaders making this a reality.”
A full list of American Gambling Awards winners, finalists and judges can be found at: www.gambling.com/us/awards .