Earnings+More - Flush
All those lean greens, yeah (that's what I want). Hard Rock Bet is all about fun and innovation. With a top ranked sportsbook & casino product, unique access to US states, and a globally recognized brand, join our team to help shape the online experiences that millions love. We’re currently seeking: SVP – Performance Marketing Sr. Director – Sports Promotions And other amazing positions here. Money, money, moneyCistern of a down: Over $100m of new cash from four new funding sources is promising a flood of new investment in the betting and gaming sector in the coming months.
All the things I could do: The funds are looking at a diverse range of sub-sectors, from blockchain to crypto, esports and casual gaming. Mona Motwani, co-founder at Ixia, says startups in NFTs, crypto and blockchain are “rewriting the rules of business.”
A man like that is hard to find: Xanada’s Malakchi says he is “truly excited” by the variety and potential of the startups he is encountering. Out of ~80 applications reviewed so far, he says, “many are showing incredible promise with interesting ideas, well-structured business plans and solid background.” El Güero Vega, Sea Ice and a Ferrari The story of how we built and launched the world's most sophisticated sportsbook platform in just 31 months, as told by Metric Gaming CEO, Keith Hayes. Read in full here (<6min read) +More startupsIncentive Games has increased its stake in Canada-based free-to-play games provider HotTakes. The company has built a ‘free trial’ environment where newcomers can experience the thrill of sports betting without the financial risk. Kelly Kehn has announced via LinkedIn her departure from the role of industry relations partner at endemic investment house HappyHour.io. She said that in her time at HappyHour, the firm had “built a brand that is synonymous with iGaming innovation.”
Staying with the free-to-play sector, “media experience” company Dizplai has acquired F2P platform PickGuru and has formed a new gaming division. Verse Gaming has announced the launch of Verse Media, a new business unit that will expand upon the digital and social brand of Verse Fantasy. iGB Live in Amsterdam will feature a new Launchpad competition with prizes on offer worth €10k,. It will be hosted by Clarion Gaming chair Michael Caselli, who will also head up a panel of judges that includes David Sargeant, Vladimir Malakchi from Xanada and Tony Pearce, CEO at Reality+. Quarterly fundingMoney talks: The pace of sector-related funding rounds slowed slightly in the second quarter, with Earnings+More tracking 10 deals worth at least $55.1m. This compares with 16 deals tracked in Q1, which raised a total of $60.6m.
Cum on Thiel the noize: The biggest deal of the year so far came with Polymarket’s $45m Series B funding round, led by Peter Thiel’s Founders Fund and with the participation of existing investors 1confirmation, ParaFi and General Catalyst.
Other funding rounds achieved in the quarter include the €3.5m raised by decentralized blockchain-based casino platform DeGaming. That funding came from Dubai-based XVC Tech.
BlinQ and you miss it: The last deals of the quarter came within the last week. LinQ, a new platform designed to enable mobile games developers to enter the real-money gaming market, raised $2.3m from investors including a16z Games Speedrun, Drive by DraftKings and Sharp Alpha.
Exit signals: Player props data provider Sports IQ sold up to DraftKings in a deal that sources suggested with earnout is likely to be worth up to $50m. As E+M revealed last month, it is thought micro-betting supplier Simplebet is similarly being pursued by DraftKings. Kambi Group is the leading provider of premium sports betting technology and services, empowering operators with all the tools required to deliver world-class sports betting and entertainment experiences. The Group’s services not only include its award-winning turnkey sportsbook but also an increasingly open platform and a range of standalone sports betting services from frontend specialists Shape Games, esports data and odds provider Abios, and AI-powered trading division Tzeract. Together, we are limitless. For more info, go to www.kambi.com Inside the raise – Xanada InvestmentsSelf realization: Vladimir Malakchi, CEO and managing partner at Xanada Investments, makes the point that as a self-funded vehicle without the need for external money it allows the fund to “bypass the typical challenges of raising funds and instead focus on the real challenge: investing wisely and strategically.”
With this in-built flexibility, Malakchi says the aim is to deploy capital in a broad spectrum of the gambling sector from casinos to cutting-edge tech innovations. The priority, though, will be projects that enhance the gamification ecosystem and drive user engagement.
Inputs: Malakchi says the intention is for Xanada to be the principal investor in each company it hopes to inject cash. The average investment, he suggests, will be $1m-$1.5m.
Growth company newsProp ’til you drop: Micro-betting and player props odds provider Huddle has announced a deal that will see it become a provider within Sportradar’s unified odds provision feed, giving its clients access to Huddle’s range of alternative odds.
The new arrangement marks a further advancement in the odds provision space, which has been the subject of some major developments in recent years including a number of high-profile acquisitions.
+More news
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And the debate winner is…
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Polymarket hits the headlines with Biden drop out market ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Hot Tipico
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