Sports data company Sportradar is now valued at $2.4 billion after announcing a pair of strategic investors.
The two companies are Canada Pension Plan Investment Board and Silicon Valley-based growth equity firm TCV which have purchased the previous stakes of private equity firm EQT and “certain minority shareholders,” according to a press release. The transaction is expected to close the last quarter of 2018.
EQT will also reinvest a portion of its sale proceeds into Sportradar, the company reported. Additional existing shareholders include Washington Capitals and Wizards owner Ted Leonsis, former NBA superstar Michael Jordan and Dallas Mavericks owner Mark Cuban.
“CPPIB and TCV are both known for extensive global tech experience and a track record for working alongside innovative management teams to help achieve their long-term vision,” said Carsten Koerl, CEO of Sportradar, in a press release. “Having two new investors with a strong North American footprint is ideal given our increasing focus and expanding operations in the U.S., as the sports industry evolves to meet the expectations of today’s sports fans. Sportradar will continue to develop best-in-class, integrity and technology-driven services as we expand into new market segments, and we’re excited to have such a strong team behind us.”
Sportradar works with pro sports leagues, media platforms and betting operators to provide. It is the official data partner of the NBA, NFL, NHL, NASCAR and FIFA. It distributes betting data for both the NBA and NHL.
Playtech Introduces Built-in Bet Slip for Ladbrokes Coral
Playtech has partnered with Ladbrokes Coral to deliver the industry’s first sports betting slip fully integrated into its Live Casino client. The new bet slip solution will allow Ladbrokes Coral customers to follow live odds and action on sports betting while playing live casino games online.
Playtech has partnered with Ladbrokes Coral to deliver the industry’s first sports betting slip fully integrated into its Live Casino client.
The new bet slip solution will allow Ladbrokes Coral customers to follow live odds and action on sports betting while playing live casino games online, the company said in a press release.
Online players can enjoy a seamless experience across all devices, placing their bets without leaving the table and staying fully up-to-date on the action at the same time. The automated sports betting content will be delivered courtesy of Fresh8, ensuring that the most popular and optimized bets are delivered to the user, the release said.
Development of the bet slip is the next stage in a series of Sports and Live Casino crossovers for Playtech and Ladbrokes Coral, following the creation of Cheltenham Festival-themed Roulette room, which features live streaming of all races, for the Coral brand last year.
“The new Ladbrokes Coral integrated bet slip is a significant step forward for the Live Casino experience”, said Kevin Kilminster, Head of Live Casino Innovation for Playtech. “Sports fans no longer have to choose between playing Roulette and keeping up-to-date with the big events. With everything they need to place sports bets fully incorporated into the Live studio, it’s a more convenient and engaging experience for the players.”
