{"id":141863,"date":"2020-07-15T17:10:24","date_gmt":"2020-07-16T00:10:24","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=141863"},"modified":"2020-07-16T11:01:27","modified_gmt":"2020-07-16T18:01:27","slug":"sportradar-is-rumored-to-be-going-public-via-unnamed-spac","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/","title":{"rendered":"Sportradar Reportedly Mulling Going Public, Stoking More SPAC Speculation"},"content":{"rendered":"

Sports data provider Sportradar is reportedly mulling life as a publicly traded entity, stoking talk the Swiss company could consider joining the growing list of firms using special purpose acquisition companies (SPACs) to attain that status.<\/p>\n

\"Sportradar
Dallas Mavericks owner Mark Cuban is among the Sportradar investors that could hit a big payday if the company goes public. (Image: CNBC)<\/figcaption><\/figure>\n

Sportico<\/i>, a sports business journal, reported the Sportradar news earlier Thursday, noting that the company, which counts three NBA owners among its roster of well-known early investors, could pursue the SPAC route rather than a more time-consuming traditional initial public offering (IPO).<\/p>\n

SPACs — also known as blank-check companies or special purpose vehicles (SPVs) — are all the rage in the financial community these days, and that ebullience extends to the gaming industry. In April, DraftKings (NASDAQ:DKNG) became a public company via a blank-check firm, while Tilman Fertitta\u2019s Golden Nugget Online Gaming (GNOG) recently announced plans to do the same<\/a>.<\/p>\n

While there have been 32 SPAC IPOs this year, the audience of potential suitors for a deal with Sportradar is limited because the data company sports a large valuation.<\/p>\n

The company was last valued at $2.4 billion in the private markets in 2018,\u201d<\/strong> said Roundhill Investments CEO and co-founder Will Hershey in remarks emailed to Casino.org.<\/i> \u201cThe regulatory environment and general momentum for the industry likely suggests a significantly higher valuation today. At that size, the number of potential SPAC suitors is limited.\u201d<\/strong><\/p><\/blockquote>\n

Hershey’s firm issues the Roundhill Sports Betting & iGaming<\/a> ETF (NYSE:BETZ), among other products.<\/p>\n

Rumors Abound<\/h2>\n

Sportico<\/i> didn’t mention if Sportradar will list in Europe or in the US. But Hershey told Casino.org<\/i> it makes sense for the Swiss company to list in New York, a strategy used by other European companies<\/a> with exposure to the technology side of sports betting.<\/p>\n

\u201cAt the highest level, I think it makes sense for Sportradar to pursue a listing in the US,\u201d<\/strong> said Hershey. \u201cThey are the official betting data partner of the major US sports leagues, and the US betting market represents a significant future growth opportunity.\u201d<\/strong><\/p>\n

\n

In the US, Sportradar has data distribution deals with all four of the major athletic leagues — Major League Baseball (MLB), NBA, NFL, and NHL. The company also has agreements with NASCAR and the PGA Tour. Plus, it’s likely Sportradar executives and investors are seeing the premium multiples assigned to sports betting equities trading in the US, potentially making a New York listing even harder to pass up.<\/p>\n<\/div>\n

That’s not the end of the chatter. Hershey notes, given the dearth of SPACs with the resources to do a deal with a company like Sportradar, the field could potentially include Flying Eagle Acquisition Corp. (NYSE:FEAC). That blank-check firm is backed by the same investors that facilitated the aforementioned DraftKings deal. Hershey is simply speculating on that point and not making a recommendation regarding a specific security.<\/p>\n

Another DraftKings Similarity<\/h2>\n

Sportradar shares something else in common with DraftKings — an investor roster littered<\/a> with high-profile names.<\/p>\n

With the Swiss company, there’s the usual smattering of titans of finance, including the Canada Pension Plan Investment Board (CPPIB) and private equity firm TCV, and three NBA owners — Mark Cuban of the Dallas Mavericks, Michael Jordan of the Charlotte Bobcats, and Ted Leonsis of the Washington Wizards<\/strong>.<\/p>\n

Hershey said Sportradar investors are likely supportive of the firm becoming publicly traded due to the liquidity advantages associated with such a move.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sports data provider Sportradar is reportedly mulling life as a publicly traded entity, stoking talk the Swiss company could consider joining the growing list of firms using special purpose acquisition companies (SPACs) to attain that status. Sportico, a sports business journal, reported the Sportradar news earlier Thursday, noting that the company, which counts three NBA […]<\/p>\n","protected":false},"author":46,"featured_media":141865,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16693],"tags":[],"acf":[],"yoast_head":"\nSportradar Is Rumored to be Going Public Via Unnamed SPAC<\/title>\n<meta name=\"description\" content=\"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sportradar Is Rumored to be Going Public Via Unnamed SPAC\" \/>\n<meta property=\"og:description\" content=\"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-16T00:10:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-16T18:01:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"4224\" \/>\n\t<meta property=\"og:image:height\" content=\"3090\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/\",\"url\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/\",\"name\":\"Sportradar Is Rumored to be Going Public Via Unnamed SPAC\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg\",\"datePublished\":\"2020-07-16T00:10:24+00:00\",\"dateModified\":\"2020-07-16T18:01:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg\",\"width\":4224,\"height\":3090,\"caption\":\"Dallas Mavericks owner Mark Cuban. He's reportedly in talks to sell a majority stake in the team to Miriam Adelson. (Image: CNBC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sportradar Reportedly Mulling Going Public, Stoking More SPAC Speculation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sportradar Is Rumored to be Going Public Via Unnamed SPAC","description":"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/","og_locale":"en_US","og_type":"article","og_title":"Sportradar Is Rumored to be Going Public Via Unnamed SPAC","og_description":"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.","og_url":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-07-16T00:10:24+00:00","article_modified_time":"2020-07-16T18:01:27+00:00","og_image":[{"width":4224,"height":3090,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/","url":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/","name":"Sportradar Is Rumored to be Going Public Via Unnamed SPAC","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg","datePublished":"2020-07-16T00:10:24+00:00","dateModified":"2020-07-16T18:01:27+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Sportradar, a giant in the world of sports data, is reportedly considering going public via an unidentified blank-check company.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/mc-scaled.jpeg","width":4224,"height":3090,"caption":"Dallas Mavericks owner Mark Cuban. He's reportedly in talks to sell a majority stake in the team to Miriam Adelson. (Image: CNBC)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/sportradar-is-rumored-to-be-going-public-via-unnamed-spac\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Sportradar Reportedly Mulling Going Public, Stoking More SPAC Speculation"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/141863"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=141863"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/141863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/141865"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=141863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=141863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=141863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}