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Mark Cuban Among Group That Has Raised $7M For ESports Company Unikrn

Published in SportsBusiness Daily on 06 / 30 / 15

Mavericks Owner Mark Cuban is part of an investor group that has raised $7M for Unikrn, a Seattle-based eSports company that allows for legal wagering around competitive video game matches and tournaments. Cuban participated in the funding round along with Binary Capital, Advancit Capital, Freelands...

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SMI's Admission Revenue Down 5% in '14

Speedway Motorsports Inc. reported a $5.3M decrease in admission revenue across its eight tracks in '14, trending with lower attendance overall for NASCAR events last year, according to SMI officials. Some events were affected by weather at events held at Bristol Motor Speedway and Texas Motor Speed ...

Tags: Finance, Speedway Motorsports Inc.

Adidas Expects "Robust" Sales Growth

As adidas' golf business improves and consumer confidence recovers, the company "expects robust sales growth" in '15, and net profit "should rise faster still despite exchange rate hits and higher marketing spending," according to Emma Thomasson of REUTERS. Thanks to "strong momentum at its main Adi ...

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Winter Weather Slows Sales For Dick's

Dick's Sporting Goods yesterday said that Q1 of its fiscal year is "off to a slow start in part because of the freezing temperatures and snow that have disrupted shopping patterns across many states," according to Teresa Lindeman of the PITTSBURGH POST-GAZETTE. Additionally, West Coast port labor is ...

Tags: Finance, Dicks Sporting Goods

Tony Khan Buys TrueMedia Networks

Jaguars Senior VP/Football Technology & Analytics Tony Khan has purchased Massachusetts-based sports analytics firm TruMedia Networks. The deal that follows a Series A venture funding round for the company that Khan led in late ’13. The purchase is slated to be formally announced at this w ...

Tags: Finance, Jacksonville Jaguars

CDI's '14 Net Income Down 16% From '13

Churchill Downs Inc. "reported lower net income" for '14, but its revenue for the year "was a record," according to Marty Finley of LOUISVILLE BUSINESS FIRST. Net income for the year fell 16% from '13 to $46.4M. Revenue for the year rose 4%, to $812.9M. The racing and gaming company for Q4 "rep ...

Tags: Finance, Churchill Downs Inc., Horse Racing

Carlyle Group Buying PrimeSport From Clearlake

Private equity fund Carlyle Group is buying PrimeSport Holdings, which sells tickets, suites and hospitality packages to events ranging from the Final Four to tennis Grand Slams. Carlyle is joined by former Padres Vice Chair & CEO Jeff Moorad and RSE Ventures, the sports holding company of Dolph ...

Tags: Finance

Puma Misses Q4 Earnings Estimates

Puma's Q4 earnings "missed estimates, adding to investor misery after a slump in the share price last year," according to Aaron Ricadela of BLOOMBERG NEWS. A recovery program being introduced by Puma CEO Bjorn Gulden "has yet to be reflected in the share price," which declined 27% in '14. Gulde ...

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WWE Posts Big Revenue Gains In Q4

WWE on Thursday beat "analyst expectations," posting a Q4 revenue gain of 19%, according to Richard Morgan of the N.Y. POST. WWE posted sales of $140.5M, with a "net loss of 2 cents per share, improving on the net loss of 10 cents" in '13 Q4. While the over-the-top WWE Network "did send PPV revenue ...

Tags: Finance, WWE

Stats LLC Acquires Automated Insights

Stats LLC has acquired Automated Insights, a North Carolina-based provider of natural language generation technology. The deal is the second announced acquisition for Stats this week and third overall since being bought itself last year by Vista Equity Partners. Financial terms were not disclosed, b ...

Tags: Finance, Stats LLC

Under Armour Tops $3B In Revenue For First Time

Under Armour topped $3B in annual sales for the "first time" in '14, with its $3.08B in revenue up 32% from '13, according to Sarah Meehan of the BALTIMORE BUSINESS JOURNAL. UA saw a "strong" Q4 in which it posted a profit of $88M, up 37% from $64M in the same period the year before. ...

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