Streetbeat News

Partnerships

MGM

PDYPY

BetMGM CEO Adam Greenblatt and FanDuel President Christian Genetski discussed the rapid growth of the online sports betting market since the overturning of PASPA in 2018. Both companies have seen significant expansion and are looking to continue partnerships with sports leagues and teams. BetMGM aims to achieve profitability by the second half of 2023.

Portfolio Pulse from Chris Katje

May 24, 2023 | 6:59 pm

SRAD

NBA SVP Scott Kaufman-Ross stated that in-play betting will play a significant role in sports betting and believes Sportradar's product can be useful in this area, as discussed at the Benzinga Titans Sports Betting Summit.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 5:14 pm

SRAD

NBA SVP Scott Kaufman-Ross revealed that the NBA discusses product innovation with Sportradar (SRAD) in the sports betting space on a monthly basis.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 5:12 pm

SRAD

Sportradar CEO Carsten Koerl announced at the Benzinga Titans Sports Betting Summit that the company is working on streams, fan engagement, and live components in sports betting with the NBA.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 5:11 pm

DKNG

PDYPF

DraftKings CEO Jason Robins discussed the company's growth in the US sports betting market since the overturning of PASPA five years ago. The company's online sportsbook is now available in 21 states, and its focus on analyzing customer data has helped differentiate it from competitors.

Portfolio Pulse from Adam Eckert

May 24, 2023 | 4:42 pm

MGM

BetMGM CEO Adam Greenblatt stated that the company is currently focused on deal ROI and is reviewing its early partnerships to ensure they provide sufficient value.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:30 pm

GOOG

GOOGL

MSFT

Microsoft announced the integration of Bing into ChatGPT, aiming to narrow Alphabet's Google data advantage in the AI war. However, Bank of America analyst Justin Post believes Alphabet still holds significant advantages in data, distribution, and AI-based ad technology.

Portfolio Pulse from Piero Cingari

May 24, 2023 | 4:20 pm

PDYPF

FanDuel Group President, Christian Genetski, praised the culture of Flutter and FanDuel, stating that sustaining market leadership will be based on the company's product during the Benzinga Sports Betting Titans Summit.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:17 pm

AMZN

WE

Amazon has agreed to take 70,000 square feet of office space from WeWork at Moore Place in London. The space can accommodate about 1,000 people, and the deal includes an option to take on more space in the building.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 4:09 pm

ACN

Accenture Federal Services, a subsidiary of Accenture Plc (NYSE:ACN), has been awarded a position on the IRS systems modernization blanket purchase agreement with a ceiling value of $2.6 billion. The agreement has a performance period of seven years, and Accenture will compete for future task orders to assist the IRS Applications Development Office.

Portfolio Pulse from Akanksha Bakshi

May 24, 2023 | 3:18 pm