It is the thick of earnings season, with five more calls that concern sports betting stock taking place through Wednesday.
The most interesting of the calls may be Bally’s at 10 am Tuesday. The company essentially hit reset on its US sports betting business last week when it signed a B2B deal with Kambi for its sportsbook technology.
That comes after spending billions of dollars attempting to build sports betting technology of its own for Bally Bet, so hearing new management’s perspective will be a must-listen for both shareholders and industry observers.
Sports betting conference call schedule
All call times listed in EST:
- Full House Resorts: 4:30 pm Monday
- Genius Sports: 8 am Tuesday
- Bally’s: 10 am Tuesday
- Wynn: 4:30 pm Tuesday
- GAN: 4:30 pm Wednesday
GeoComply acquires OneComply
GeoComply announced the acquisition of compliance and licensing management platform OneComply for an undisclosed amount Monday morning.
OneComply “streamlines all the data needed to support and protect a company’s most valuable asset – their gaming license,” according to the press release.
The combination gives GeoComply “unparalleled capabilities” to support clients in the gaming industry, CEO Anna Sainsbury said.
“Adding their licensing platform and expertise to our portfolio of solutions will materially and cost-effectively help our existing and new customers in the gaming and other regulated industries achieve and maintain a new gold standard in compliance and risk services,” Sainsbury said.
GeoComply gets extension in appeal
GeoComply had until next Monday to file its brief in the appeal of its patent lawsuit against Xpoint before an extension was approved Tuesday.
The company now has until July 14 to file its brief. Xpoint did not oppose the extension request, GeoComply said in its court filing.
The US District Court of Delaware dismissed the case concerning a geolocation patent in February. The ruling dismissed just one count, though, and left the door open for other claims to still be tried.
Xpoint hires new CEO
Manu Gambhir took over as CEO of Xpoint on May 1, according to the company’s release last Thursday.
Co-founder Marvin Sanderson will now focus on leading business development for Xpoint.
Gambhir has more than 20 years of gaming experience. He served as president of enterprise software at Indian real-money gaming company Games 24×7 and as CEO of Thrive Gaming. He also founded two digital gaming platforms that were later acquired in Kismet Studios and Ryzing.
“I look forward to working with Marvin and the entire Xpoint team to bring an innovative and extremely reliable solution to real-money gaming operators,” Gambhir said. “As we look out to the near future, we see tremendous potential to harness location data to provide AI-driven insights that will allow our clients to better understand their customers to drive engagement and retention.”