Brazil Sports Wagering Beckons as Big Names Ease Off U.S. [Yahoo! Finance]
Sportradar Group AG (SRAD)
Company Research
Source: Yahoo! Finance
The Brazilian government legalized sports betting at the end of 2023 with the commencement of wagering expected to begin this quarter or next as regulators work through their licensing process. It's quickly looking like Brazil is taking over from the U.S. as the next destination of the sports betting gold rush. More from Sportico.com Soccer Transfer: Messi Brand Sold to Pay Bills for Fashion Also-Ran Greenfly Closes $14M VC Round With Dassler, NBA Investments Silver Lake Taking Endeavor Private With Mubadala, Dell Investment “I think there's a lot of opportunity in Brazil. The report is 140 operators are looking to enter Brazil with a $6 million (R$30 million) license fee and a local 20% shareholder requirement,” said Tom Waterhouse on a phone call. He's the principal of Waterhouse VC, a fund that specializes in sports betting investments that has returned an average 111% a year since starting in 2019. “It's going to be similar to the U.S., because it's going to be a while
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SRAD
News
- Sportradar to Release First Quarter Financial Results on May 15, 2024 [Yahoo! Finance]Yahoo! Finance
- Sportradar to Release First Quarter Financial Results on May 15, 2024GlobeNewswire
- Sportradar Appoints Craig Felenstein as Chief Financial Officer [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Sportradar Appoints Craig Felenstein as Chief Financial OfficerGlobeNewswire
- Sportradar: 4 Reasons Shares Could Be A Good Bet In 2024 [Seeking Alpha]Seeking Alpha
SRAD
Earnings
- 3/20/24 - Beat
SRAD
Sec Filings
- 4/25/24 - Form 6-K
- 3/25/24 - Form 144
- 3/22/24 - Form 6-K
- SRAD's page on the SEC website