Sports Betting

sportradar

How Might Sportradar Spend $350 Million In Hot M&A Market?

Sportradar is raising $505 million to finance a potential acquisition. The raise was revealed last week by Fitch Ratings, who gave Sportradar debt a B+ credit rating – a rating sometimes known as “speculative.“ The data giant is also looking to secure a $129 million revolving credit facility. What’s the money for? Fitch noted that […] Read More
Posted on: October 20, 2020 | Sports Betting | Brad Allen
Pennsylvania sports betting

Pennsylvania Sports Betting Market Joins Record Party

Pennsylvania joined the list of states hitting new sports betting heights in the packed sports month of September. Handle totaled $462.8 million in September, quickly topping the record set in August by 26.8%. It’s the first time the market broke the $400 million handle mark. Revenue, however, did not hit a new record, according to […] Read More
Posted on: October 16, 2020 | Sports Betting | Matthew Waters
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