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Sportradar Announces Additional Strategic Actions to Streamline Organizational Structure and Drive Growth and Innovation

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Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”) today announced additional strategic actions as part of its previously announced initiatives to streamline its organizational structure to enhance focus on clients and partners, drive global innovation and product development, and propel long-term growth, profitability, and shareholder value.

“I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile execution and better positions Sportradar for future growth,” said Carsten Koerl, CEO of Sportradar. “By centralizing our key business functions, we will foster greater collaboration and faster decision making, enabling us to drive further operating efficiencies and increased innovation across our business. These decisive steps will enable us to better serve our clients and partners as well as capture the significant market opportunities ahead of us. I am confident we have the right leaders in place, intently focused on executing on our strategic priorities. For 2023, we remain on track to deliver on our strong growth targets and are well positioned to maintain that momentum into 2024.”

Effective immediately, the new organizational structure consists of six business functions:

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  • Product Delivery and Operations combines and centralizes content, product development and engineering globally to seamlessly deliver best-in-class products and solutions to clients and partners, led by Warren Murphy, previously Chief Product Officer and now Chief Delivery and Operations Officer.
  • Growth and Innovation combines growth, strategy and innovation to facilitate a unified vision for identifying and capitalizing on market opportunities, thereby ensuring a well-defined growth strategy fueled by continuous innovation, led by Nick Maywald, previously Chief Content Officer and now Chief Growth and Innovation Officer.
  • Commercial combines the Company’s go-to-market functions, including sales, client services and care, sports partnerships, marketing and communications to further drive revenue opportunities while enhancing its client- and partner-centric approach, led by Chief Commercial Officer Eduard Blonk.
  • Legal, Risk and Administrative Services, led by Lynn McCreary, Chief Administrative Officer, Chief Legal Officer and Corporate Secretary.
  • People, led by Severine Riviere-Gerstner, Chief People Officer.
  • Finance, led by Gerard Griffin, Chief Financial Officer.

As part of these organizational changes, Ulrich Harmuth, Chief Strategy Officer, will be departing the Company to pursue other endeavors.

Separately, Griffin has informed the Company that he will be leaving for personal reasons. Griffin will continue as CFO until May 31, 2024, or the appointment of a permanent successor, if earlier. The Company has initiated a search for its next CFO, whom it expects to announce prior to Griffin’s departure.

Sportradar also reaffirmed its fiscal 2023 guidance of revenue in the range of €870 million to €880 million, representing year-over-year growth between 19% and 21%, Adjusted EBITDA1 in the range of €162 million to €167 million, representing year over-year growth between 29% and 33%, and Adjusted EBITDA margin in the range of 18.4% and 19.2%. The Company also reaffirmed its fiscal 2024 outlook for revenue and Adjusted EBITDA growth of at least 20%.

Koerl continued, “I want to thank Ger for his contributions to Sportradar. He has meaningfully strengthened our finance team with a deep and talented bench that will continue to contribute to the Company as we look to drive growth and profitability into the future. We look forward to continuing to benefit from his leadership while we search for a permanent successor.”

Koerl concluded, “I also want to thank Ulrich for his contributions to our company, clients and partners that have positioned Sportradar for continued success. For over a decade, he held various leadership roles, contributing to our growth. We wish him the best in his future endeavors.”

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Week 25/2024 slot games releases

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Here are this weeks latest slots releases compiled by European Gaming

Spinomenal has expanded its otherworldly Demi Gods Series with the addition of Atlas Unleashed. This epic slots saga unfolds in ancient Greece where the gods rule the reels. The 5×4 design is brought to life with sharp graphics and a momentous soundtrack that lures players into the action. Three Free Spins symbols will instantly launch the feature and will award players with 10 Free Spins. Four Free Spins symbols will award 25 Free Spins and five will gift 50 Free Spins.

Spinomenal bolsters Demi Gods Series with heavenly Atlas Unleashed slot

Forget the dusty saloons of Deadwood R.I.P, the TV dreams of Loner and the spicy dungeons of Kenneth Must Die. This time, you’ll find yourself stranded on a lush island paradise, but paradise takes a dark turn when you discover a Tiki collector with a taste for shrunken heads! Hunted with no food or water, players must face the base game, which features a Progression Bar, where each fallen head is collected. Filling it up will unlock Soul Wilds that progressively increase in size and power. Wild Symbols add 3 points, High Paying Symbols add 2 points and Medium Paying Symbols add 1 point to the bar.

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Nolimit City Takes Fans to Discover Tropical Terrors in Beheaded

 

A blistering experience awaits in Blueprint Gaming’s latest offering Cash Strike Hotstepper, as a host of thrilling mechanics take centre stage, including the eye-catching Hotstepper feature offering lavish cash rewards. Stepping into a retro 3×3 grid, a feast of fruit symbols is accompanied by flaming gold coins with the title’s five pathways offering a mammoth 50,000x the original bet. All cash symbols or fixed jackpots on reels one or three are awarded when they land alongside the sizzling Cash Strike Collect symbol on reel two.

Blueprint Gaming blends sizzling mechanics with classic slot fun in Cash Strike Hotstepper

Inspired Entertainment and Paddy Power, the retail division of Flutter Entertainment plc, proudly announce the launch of Paddy Power Gold Cash Freespins, a custom game that combines the distinctive branding of Paddy Power with Inspired’s renowned Gold Cash Freespins theme. Set against the iconic green backdrop of Paddy Power’s signature colour scheme, Paddy Power Gold Cash Freespins is a 5-reel, 4-row, 40-winline slot game packed with branded Wilds and symbols, as well as other player-favorite features.

Inspired Launches Bespoke Gold Cash Freespins Game with Paddy Power

The post Week 25/2024 slot games releases appeared first on European Gaming Industry News.

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Inspired Launches Bespoke Gold Cash Freespins Game with Paddy Power

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Inspired Entertainment, Inc., a leading B2B provider of gaming content, systems, and solutions, and Paddy Power, the retail division of Flutter Entertainment plc, proudly announce the launch of Paddy Power Gold Cash Freespins, a custom game that combines the distinctive branding of Paddy Power with Inspired’s renowned Gold Cash Freespins theme.

Set against the iconic green backdrop of Paddy Power’s signature colour scheme, Paddy Power Gold Cash Freespins is a 5-reel, 4-row, 40-winline slot game packed with branded Wilds and symbols, as well as other player-favorite features.

Players can trigger the game’s Free Spins bonus by landing three Paddy Power bonus symbols on a single spin, rewarding players with eight Free Spins. During this feature, only the three highest symbols and stacked Wilds appear on the reels, amplifying the potential for big wins. For players who feel adventurous, a gamble feature is available to boost winnings or earn additional Free Spins. This feature presents two gamble wheels for players to choose from, each offering a different path to success.

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Now available in both a retail and online format, Paddy Power Gold Cash Freespins showcases Inspired’s commitment to creating high-quality custom experiences tailored to specific operator brands like Paddy Power. The result is a seamless blend of engaging gameplay and operator-specific branded features that delivers an exceptional brand-extension gaming experience for their players.

“We are delighted to relaunch our popular title Gold Cash Free Spins in partnership with our long-term customers at Paddy Power,” said Richard Terry, UK Market Product Director for Inspired. “The seamless integration of Paddy Power branding into Gold Cash Free Spins provides an exciting, omnichannel gaming experience for Paddy Power players.”

“We’re thrilled to be working with Inspired Entertainment once again to create an exclusive gaming experience for our customers,” said Vince Bateson, Head of Gaming at Paddy Power. “Paddy Power Gold Cash Freespins builds on the theme of the original game, which our players loved, and is a fantastic addition to our portfolio.”

The post Inspired Launches Bespoke Gold Cash Freespins Game with Paddy Power appeared first on European Gaming Industry News.

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FinteqHub to Present Updates at iGB L!VE 2024

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FinteqHub, a PCI DSS-certified payment gateway solution provider, is set to participate in iGB L!VE 2024, one of the most expected live industry events of the year.

The exhibition will take place on 17–18 July in RAI Amsterdam. iGB L!VE provides a comprehensive platform for live communication in the highly competitive iGaming sector, contributing to its overall development. In 2024, over 300 exhibitors and sponsors, as well as almost 10,000 gaming and affiliate stakeholders are expected to attend. 

This year, the FinteqHub award-winning team, recognised as an Industry Rising Star 2024 at the SiGMA Awards Eurasia, will attend the event for the second time. The company’s experts, with an average of 10 years of tech and consulting experience, will present the product’s recent updates.

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FinteqHub recently enhanced its platform by integrating with notable payment solution providers, including Finshark, Ivy, CallPay, and others. These integrations have expanded its presence in countries such as Germany, Finland, the Netherlands, Norway, Sweden, South Africa, and worldwide in general. The company also expanded its analytics functionality by offering more detailed reports.

Besides PSPs integrations, the company provides banking assistance, helping companies open accounts in reliable banks. Primarily serving the iGaming and betting domains, FinteqHub also advises on the selection of strong banks and EMI providers for clients’ needs.

Vadim Drozd, CEO at FinteqHub, expresses his expectation of the event: “This event gives us an opportunity to show our innovative solutions and communicate with key stakeholders in the industry. Live discussions of the latest industry trends and possibilities of collaboration help elevate the fintech and iGaming sectors. We warmly invite our partners to attend the exhibition and visit our stand.”

FinteqHub will participate in the exhibition alongside its lifetime partner SOFTSWISS. Using this link, current and potential clients can schedule a meeting with FinteqHub experts at stand 12-F30.

 

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About FinteqHub 

FinteqHub is a fresh player in the payment solutions market with the core product – PCI DSS-certified payment gateway for online businesses. It started its journey in 2019 and assembled a team of 150+ top-notch professionals with solid legal, financial, and technical expertise. The company is headquartered in Lithuania, with offices in Malta, Poland, and Georgia. FinteqHub makes the management of payment processing transparent, stable, and flexible. 

The post FinteqHub to Present Updates at iGB L!VE 2024 appeared first on European Gaming Industry News.

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