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SEEING THE FIELD Ripken Baseball, Cal Ripken Jr.’s youth sports business that centers around baseball/softball facilities, tournaments, and camps, raised a significant minority investment from LionTree. LionTree, which focuses on media, tech, and telecom, has been active in sports of late – backing companies like FuboTV, Second Spectrum, and The Athletic. Ripken and businesses like […]
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SEEING THE FIELD With three major sports-related announcements, MGM Resorts gets the top billing this week. First, the gaming and real estate company formed a 50/50 joint venture with GVC Holdings, the online gambling operator (that acquired Ladbrokes Coral earlier this year). The $200M JV will center around a new online gaming and sports betting […]
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SEEING THE FIELD Throughout their complicated regulatory histories, New York has been an important battleground state for DraftKings and FanDuel. It’s widely viewed as the second largest gaming market in the U.S. (trailing California) and is important in forming legal precedent. So it’s no surprise that this week, DraftKings announced a partnership to run the […]
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SEEING THE FIELD The big news this week is an obvious one, as the Supreme Court struck down PASPA – enabling each state to evaluate/enact its own sports gambling regulations. How quickly things change will vary. In New Jersey and Delaware, we could see legal sports betting in a matter of weeks, but for most […]
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SEEING THE FIELD Professional tennis has a match-fixing issue, the effects of which may impact the sports tech segment. Following a two-year review, an independent panel determined that there is a “tsunami” of fixed matches at the game’s lower levels. Most notably, the panel suggested that the ITF (the sport’s governing body) eliminate its data […]
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