Number Crunching - Worldpay, Sky Bet and Sportradar

Number Crunching - Worldpay, Sky Bet and Sportradar

Wednesday, July 11, 2018 Posted by Joseph Streeter
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Breaking down all the week's news into a set of easy to manage figures'

$4.7bn - The Stars Group has announced today that it has completed its previously announced acquisition of Sky Betting & Gaming.

The deal, which is believed to be worth around  $4.7 billion, comes after the Stars Group successfully executed its public share offering raising $622 million in capital for this acquisition.

Rafi Ashkenazi, The Stars Group’s Chief Executive Officer, commented on the confirmation: “This acquisition represents a pivotal moment in The Stars Group’s evolution. SBG’s mobile-focused sportsbook pairs well with our industry-leading poker offering to create two premier customer acquisition channels. We believe this combination along with our combined online casino offerings positions The Stars Group for continued growth in the evolving online gaming industry.”

$2.4 bn - Sportradar has unveiled two new strategic partnerships with the Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.

CPPIB, through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and TCV will together acquire a stake in Sportradar at an enterprise value of €2.1Bn ($2.4) from private equity firm EQT and certain minority shareholders.

Carsten Koerl, Founder and CEO, will retain his entire ownership position in Sportradar and will continue to drive the group’s future development and growth. EQT will also reinvest a portion of its sale proceeds into Sportradar. Additional existing shareholders include Revolution Growth, Ted Leonsis, Michael Jordan, and Mark Cuban.

Koerl commented: “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.

“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.”

32.3 million - Ladbrokes are pricing up whether the game could break UK TV viewing record.
A record 32.3 million people tuned in for England's World Cup success in 1966, but the bookies make it just a 5/1 shot that figure is beaten on Wednesday night.

Alex Apati of Ladbrokes said: "This is England's best chance of winning a World Cup for 52 years, and we're not ruling out a record-breaking number of people tuning in to watch Southgate's Lions take on Croatia."

52 - England are aiming to book their place in the World Cup final tonight for the first time in 52 years and the campaign has attracted vast amounts of betting interest from UK punters. With payment processing firm Worldpay branding today “Wager Wednesday”.

Gambling trends during England’s knockout matches revealed:

Football fans bet big on England’s clash with Colombia. Online betting volumes surged by 29% ahead of the game, compared to the previous Tuesday, while the value of bets increased by 38% - suggesting that fans are putting their money where their mouths are.

Betting peaked just one minute before the start of the game, with secondary spikes occurring at the end of the 90 minutes, and just before the penalty shootout.

Gambling before England vs Sweden peaked on Friday 6th June, with online betting volumes up by 24% week-on-week. Fans were likely getting their bets in early, with the other quarter-final matches generating a lot of interest too.

Commenting on the recent surge in betting, Daniel Belda, VP Growth – Digital Content & Gambling at Worldpay stated: “It’s been a huge week for Britain’s bookmakers, with England’s good form sparking a flutter frenzy on everything from the Golden Boot to golden goals.

“As the nation packs into pubs to roar on the Three Lions during the team’s biggest match in nearly 30 years, we are expecting mobile betting to soar, with fans taking a punt from the comfort of their bar stool or beer garden.

“Bookies should therefore be prepared for the flurry of last-minute wagers before the start of the match, and at the end of the 90 minutes if the game goes to extra time.”

7 - Matt Hancock was replaced as the Secretary of State for Digital, Culture, Media and Sport (DCMS), after seven months in the role he was appointed to the role of Health Secretary.

The MP for Kenilworth and Southam replaced Matt Hancock in the role, who departed to take over as Health Secretary, after Jeremy Hunt took over as Foreign Secretary, as Boris Johnson tenured his resignation in protest over the Prime Minister’s Brexit proposals.  

Having been appointed to the role, Wright issued the following statement on his Facebook page: “Very excited to be starting a new job this morning as Secretary of State at the Department for Digital, Culture, Media and Sport, a department whose work has a huge impact on our heritage, the things we enjoy now and on our national future.”

In a comment issued after Wright’s hiring, The Association of British Bookmakers (ABB) emphasised: “We look forward to working with the new Secretary of State, Jeremy Wright QC, MP to ensure a sustainable and responsible retail betting industry.

“Betting shops are facing a massive threat as the new maximum stake on gaming machines will result in thousands of shop closures, job losses and significant economic consequences for horse and greyhound racing.

“It is vital that we work with the Secretary of State and his department to mitigate these impacts where possible and ensure that betting shops remain one of the safest environments in which to gamble in the UK.”

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