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Sports Bookmakers Ready For Billions To Be Bet On Esports

Published in SportsBusiness Daily Global on 08 / 29 / 16

If esports "really are the next big thing in sports," then betting on esports is "the next big thing in gambling, and established bookmakers are getting ready," according to Eben Novy-Williams of BLOOMBERG. Sky Betting spokesperson Adam Smith said, "This is the future of sports, and we have to focus...

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Euro Surprises Give Boost To GVC

Surprise results in the first half of the Euro 2016 tournament "gave a boost to second-quarter profitability at GVC Holdings Plc, the online bookmaker that more than doubled in size with the takeover this year of Bwin.party Digital Entertainment Plc.," according to Paul Jarvis of BLOOMBERG. The Isle ...

Tags: Finance, Europe

Temasek Invests In One Championship

Asian mixed martial arts promoter One Championship has secured an investment from Singapore-based investment company Temasek. The MMA promoter did not reveal the percentage stake of the investment, only describing it as a substantial eight-figure amount. Wednesday's investment will put One Champions ...

Tags: Finance, Asia

UTV Ireland To Be Sold To Virgin Media

Ireland's newest TV channel UTV Ireland "is to be sold to Virgin Media, which also owns rival station TV3," according to THE JOURNAL.IE. Virgin Media is paying €10M ($11.1M) for the TV station, which was sold to ITV just nine months ago. The sale "will take several months to get the g ...

Tags: Finance, United Kingdom

Schalke's China Trip Generates Profit

Bundesliga side FC Schalke "has generated a profit during its recently concluded China trip," according to the Holger Rehm of SPONSORs. The club will receive €300,000 ($332,000) from the German Football League (DFL) for its Far East trip. In a ...

Tags: Finance, Europe, China

Finance Notes

UEFA announced on Friday that revenue at Euro 2016 increased by 34% to €1.93B ($2.13B) compared to Euro 2012 . The increase "was to be expected with the expanded format, from 16 to 24 teams," which has meant more broadcasters buying TV rights to the showpiece tournament. Of the t ...

Tags: Finance

Barcelona Court Closes Neymar Case

A Barcelona court on Monday confirmed it closed the case regarding Barcelona's signing of Neymar, according to Moisés Llorens of AS. This means that the accusations implicating former President Sandro Rosell and current President Josep Maria Bartomeu "have disappeared," meaning the ...

Tags: Europe, Finance

China Goes On Spending Spree

Long a football "backwater," China has "gone on a buying spree unprecedented in the history of the game," according to Tariq Panja of BLOOMBERG. Chinese money, "of course, has been flowing into all sorts of sectors: technology, health care, retailing, you name it." And now it is football, "a move th ...

Tags: Asia, Finance

UFC Sold For $4B; Dana White To Stay

UFC President Dana White on Sunday confirmed that the company " had been sold " for approximately $4B to a group headed by WME-IMG, according to Kevin Iole of YAHOO SPORTS. White via text message wrote that he "would remain with the company." The new group "bought the shares of the company" co-owned ...

Tags: Finance, North America

EPL Transfer Spending Tops $380M

Premier League clubs have spent an estimated £300M ($388.5M) "during the first week of the summer transfer window," according to Bibhash Dash of the BBC. By comparison, £870M was "spent during the nine weeks of last summer's window." Business analyst Deloitte "expects gross outlay to ris ...

Tags: Finance, United Kingdom

Tennis Prize Money Gap Is Shrinking

The winners of the women’s and men’s singles tournaments at Wimbledon this year each receive £2M ($2.6M), "making this the tenth successive year of equal prize money for the champions of each sex," according to John Burn-Murdoch of the FINANCIAL TIMES. But although it "might l ...

Tags: Finance, Europe

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