Online Gambling Play – Genius Sports grouping | Is It A Buy?

I take a appear at Genius Sports grouping, the provider of sports data and technology powering the sports, betting and media ecosystem, to determine if it is a buy at the current price.

Also Mentioned: Draftkings (DKNG), Betway, Perform, Sportzcast, Betgenius, Bet365, Betvictor, betsson, Flutter, NCAA, Premier League, Euroleague, PGA, Bundesliga, FIBA, Fanfuel, BetMGM, Caesars, BetWorldwide, CBS and Pointsbet.

Press Release:
NEW YORK, NY and LONDON, UK – October 27, 2020 – Genius Sports grouping Limited (“GSG” or the “Company”), the leading provider of sports data and technology powering the sports, betting and media ecosystem, and dMY Technology grouping, Inc. II (NYSE: DMYD) (“dMY II”), a publicly
traded special purpose acquisition company, today announced that they have got entered into a definitive business combination agreement (the “Business Combination Agreement”) pursuant to which GSG and dMY II will combine. As a result of the business combination, GSG and dMY II
shareholders will exchange their shares for shares inward a new combined company (“NewCo”), which will be publicly listed on the New York Stock Exchange (the “NYSE”). The transaction implies a pro forma enterprise value of approximately $1.5 billion. Upon closing, NewCo expects its ordinary shares and warrants to trade on the NYSE under the symbols “GENI” and “GENI WS”, respectively.
inward addition to the approximately $276 million held inward dMY II’s trust account (assuming no redemptions by dMY’s public stockholders), a grouping of institutional and experienced manufacture investors has committed to participate inward the transaction through a common stock PIPE of
approximately $330 million at $10.00 per share.
Genius Sports grouping Highlights GSG acquires data from sports events around the world and supplies it to sports betting operators, providing them with secure, high-quality, mission critical data and content that helps them better engage with and protect their customers. The Company has a leading portfolio of rights to official data – the feed of live sports statistics that is sanctioned, and otherwise owned, by the relevant governing league. GSG provides data on over 240,000 events each year – effectively every 60 minutes of every day. It is the official provider for over 170,000 of these events.
GSG’s scale, access to official data, and innovative technology platform differentiate it within the manufacture. The Company maintains long-term partnerships with over 500 sports organizations globally, including the NBA, NCAA, FIBA, FIFA, English Premier League and NASCAR. Its
proprietary technology and data feeds are mission critical to the success of its sportsbook partners.

#FGain #DMYD #DKNG
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