SRAD News & Events

Nevada Gaming Control Board reports February Las Vegas Strip gaming win up 0.86% versus last year to $1.07B. Publicly traded companies in the gaming space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

Sportradar announced it has deepened its multi-year agreement with Hard Rock Bet, adding official PGA Tour and Ultimate Fighting Championship data, odds, and in-play betting capabilities to its existing suite of services in the U.S. Hard Rock Bet Sportsbook players will benefit from new in-play offerings for the PGA Tour, rights Sportradar acquired through its IMG Arena acquisition, including dynamic micro markets such as hole winner and hole score. These new markets are complemented by advanced visualizations, featuring a real-time leaderboard with play-by-play commentary, 3D shot tracking for every hole, and automated insights throughout each round. For UFC events, Hard Rock Bet users will gain access to an expanded range of in-play micro markets, including strikes attempted and landed, as well as takedowns, alongside a live match tracker with in-fight statistics, official branding, and fighter imagery, creating a data-driven fan experience.

Craig-Hallum notes that MLB announced it signed an MOU with the CFTC as well as a commercial deal making Polymarket the exclusive prediction market for the league, calling the news "very positive" for Sportradar given that it states that Polymarket will get access to Official League Data from Sportradar, "MLB's exclusive global distributor of data for prediction markets." This is the first deal to be signed following the CFTC's recent staff letter recommending that Designated Contract Markets rely on official data provided by the relevant leagues as a settlement source, adds the firm, which thinks the trend continues and "solidifies the need for official data in the growing prediction markets ecosystem." The firm reiterates a Buy rating on Sportradar shares.