{"id":212,"date":"2021-05-17T16:20:31","date_gmt":"2021-05-17T13:20:31","guid":{"rendered":"https:\/\/xxbet-company.com\/genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition\/"},"modified":"2021-05-17T16:20:31","modified_gmt":"2021-05-17T13:20:31","slug":"genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/es\/genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition\/","title":{"rendered":"Genius Sports Jumps Into Free-to-Play Games Space with FanHub Acquisition"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Tabla de contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/es\/genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition\/#Complementary_Move_for_Genius_Sports\" title=\"Complementary Move for Genius Sports\">Complementary Move for Genius Sports<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/es\/genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition\/#More_Deals_for_Genius\" title=\"More Deals for Genius?\">More Deals for Genius?<\/a><\/li><\/ul><\/nav><\/div>\n<p>Sports betting data provider Genius Sports (NYSE:GENI) is entering the free-to-play (F2P) games arena with the purchase of FanHub Media Holdings.<\/p>\n<figure aria-describedby=\"caption-attachment-172511\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-172511 size-full lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-142x80.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-142x80.jpg?x38396\" alt=\"Genius Sports\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-172511 size-full\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML.jpg?x38396\" alt=\"Genius Sports\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ML-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Genius Sports CEO Mark Locke speaking at a conference. His company is buying FanHub Media Holdings. (Image: Twitter)<\/figcaption><\/figure>\n<p>Financial terms of the deal, which was announced today, weren\u2019t disclosed. London-based Genius didn\u2019t say if the acquisition will add to earnings. The transaction is slated to close in the current quarter.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>As part of the transaction, Genius Sports will also acquire FanHub\u2019s suite of F2P games, including fantasy sports, trivia, bracket challenges, pick \u2019em, and polling games,\u201d according to a statement issued by the companies. \u201cThese will complement Genius Sports\u2019 established offering to sports leagues and federations, sportsbooks, media companies and broadcasters worldwide.\u201d<\/p>\n<\/blockquote>\n<p>As regulated sports wagering proliferates across the US, operators are looking to leverage F2P concepts <a href=\"https:\/\/www.casino.org\/news\/sports-betting-operators-utilizing-free-to-play-games-to-lure-gamblers\/\" rel=\"nofollow noopener\" target=\"_blank\">to efficiently add more customers<\/a> and keep fans engaged, and they\u2019re using acquisitions to move into the space. In addition to Genius, Bally\u2019s is among the gaming companies recently notching an F2P transaction. That casino operator <a href=\"https:\/\/www.casino.org\/news\/ballys-wrings-up-another-acquisition-in-sportcaller-deal\/\" rel=\"nofollow noopener\" target=\"_blank\">announced a deal<\/a> for SportCaller in February.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Complementary_Move_for_Genius_Sports\"><\/span>Complementary Move for Genius Sports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The FanHub Media buy is the first for Genius Sports following its merger last month with special purpose acquisition company (SPAC) dMY Technology Group, Inc. II.<\/p>\n<p>The purchase could complement Genius partnerships with MLB, MLS, Betway and PointsBet, because the F2P provider is already working with those leagues and operators. The NFL is also part of that roster.<\/p>\n<div class=\"callout\">\n<p>Last month, the data provider inked an accord with the NFL believed <a href=\"https:\/\/www.casino.org\/news\/genius-sports-scores-big-win-with-nfl-data-agreement\/\" rel=\"nofollow noopener\" target=\"_blank\">to be worth $1 billion<\/a>\u00a0in what was viewed as a coup for the upstart company. The objective of that accord is to offer sportsbook operators a superior alternative to current NFL data and live feed, potentially enticing them to pay up for the Genius platform, boosting revenue for the company and the league in the process.<\/p>\n<\/div>\n<p><strong>\u201cBuilding on Genius Sports\u2019 official data capabilities, the business will integrate FanHub\u2019s solutions across its media services, delivering proven content solutions that help drive customer activity, fan engagement, sponsor activation, and lower cost per acquisition,\u201d according to the statement.<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"More_Deals_for_Genius\"><\/span>More Deals for Genius?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It\u2019s not immediately clear if Genius will imminently pursue more acquisitions. But the company has some firepower if it chooses to engage in further deal-making.<\/p>\n<p>Following the separation from dMY Technology II, Genius has $145 million in cash on its balance sheet and no debt. It could also use shares as currency. That\u2019s a viable option, considering the stock is higher by 43.44 percent over the past month. The company\u2019s current market capitalization is $3.79 billion.<\/p>\n<p><strong>Last week, Genius said 2020 revenue increased 31 percent year-over-year to $150 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) checked in at $18 million, compared with a loss of $6 million in 2019.<\/strong><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/genius-sports-is-buying-free-to-play-games-outfit-fanhub\/\" target=\"_blank\">Genius Sports Jumps Into Free-to-Play Games Space with FanHub Acquisition<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sports betting data provider Genius Sports (NYSE:GENI) is entering the free-to-play (F2P) games arena with the purchase of FanHub Media Holdings. Genius Sports CEO Mark Locke speaking at a conference. His company is buying FanHub Media Holdings. (Image: Twitter) Financial terms of the deal, which was announced today, weren\u2019t disclosed. London-based Genius didn\u2019t say if <a href=\"https:\/\/xxbet-company.com\/es\/genius-sports-jumps-into-free-to-play-games-space-with-fanhub-acquisition\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts\/212"}],"collection":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/comments?post=212"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts\/212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/media\/213"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/media?parent=212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/categories?post=212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/tags?post=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}