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dMY Technology Group II (NYSE: DMYD) has scheduled a special meeting for stockholders to approve the proposed business combination with Genius Sports Group (GSG), anticipated to close around April 20, 2021. The definitive proxy statement has been filed with the SEC and will be distributed to stockholders of record as of March 12, 2021. Upon completion, GSG will be renamed Genius Sports Limited and trade under new ticker symbols GENI and GENI WS. The boards of both companies unanimously approved the combination, pending stockholder approval.
The Malaysian Football League (MFL) has partnered with Genius Sports Group (GSG) to launch a live data collection and distribution platform. This partnership aims to enhance fan engagement through real-time statistics during games, including advanced player metrics. GSG will also implement an integrity program to combat match-fixing and corruption. MFL's CEO expressed excitement over the collaboration, highlighting its potential to improve fans' experiences. This initiative aims to broaden the appeal of Malaysian football, aiming for competitive matches and commercial growth.
Genius Sports Group has launched its new Ice Hockey LiveStats solution to enhance the way leagues and federations manage and distribute their official data. This platform captures detailed statistics like face-offs and shot charts, enabling fast and accurate data collection during games. The technology has been successfully utilized in over 500,000 games across various sports since 2008. This new solution aims to improve fan engagement, create new revenue opportunities, and facilitate digital transformation in ice hockey.
Genius Sports Group has partnered with Microgame S.p.A., a major Italian online betting platform, to supply official in-play sportsbook content. This collaboration will provide over 25 licensed Italian sportsbooks, including Goldbet and Betaland, with Genius’ LiveData and LiveTrading services, enhancing in-play betting across major sports events such as the English Premier League and NASCAR. This move is anticipated to boost in-play engagement and revenues for both companies in the growing Italian market, furthering Genius Sports' local investment and product development.
Genius Sports Group has entered into a multi-state official data partnership with WynnBET, the online sportsbook brand of Wynn Resorts. This collaboration will supply WynnBET with Genius’ LiveData and LiveTrading services, enhancing in-game betting experiences in New Jersey, Colorado, and Michigan, with plans for expansion. The agreement includes Genius' official NASCAR solution, enabling over 15 in-race bet types during the 2021 Cup Series. Additionally, Genius will provide data content for various sports leagues, improving WynnBET's offerings and engagement.
Genius Sports Group Limited announced the filing of a registration statement with the SEC for a proposed business combination with dMY Technology Group, Inc. II (NYSE:DMYD). The transaction, which has received board approval, will see dMY II become a subsidiary of a new holding company, Galileo NewCo Limited. Following the completion of this merger, NewCo plans to trade under the ticker symbols 'GENI' and 'GENI WS'. GSG reaffirmed its full-year revenue projection of approximately $145 million and adjusted EBITDA of about $14 million for 2020, emphasizing its potential for strong performance in 2021.
Genius Sports Group has entered into a definitive agreement to acquire Sportzcast, a U.S. manufacturer of sports scoreboard data distribution systems. This acquisition enhances Genius' official data offerings, improving relevance in the U.S. and globally. The Scorebot system from Sportzcast connects to existing scoreboards, delivering real-time game data essential for sports production and betting platforms. With over 6,000 installations, this technology will bolster Genius' media and streaming businesses. The combined entity will trade on NYSE under the symbols 'GENI' and 'GENI WS' following the anticipated business combination.
Genius Sports Group has partnered with Beach Soccer Worldwide (BSWW) to enhance the beach soccer ecosystem, commercializing over 500 games annually. This exclusive long-term partnership grants Genius Sports the rights to distribute live data and broadcasts to over 150 sportsbook partners globally. Beach soccer's popularity is rapidly growing, with increased TV coverage in over 170 countries. This partnership aims to elevate fan engagement and open new commercial opportunities, aligning with Genius Sports’ business combination deal with dMY Technology Group II to enhance its data and technology services.
The American Hockey League (AHL) has partnered with Genius Sports Group to provide data and streaming services for betting. This long-term partnership will enable the AHL to reach a global audience and deliver real-time statistics from all 31 AHL arenas. The deal will power over 1,200 live events annually and supports Genius Sports' portfolio, now exceeding 240,000 events a year. This aligns with the growing regulated betting market in the US, allowing the AHL to accelerate its global growth.
Liga MX has announced a long-term partnership with Genius Sports Group to enhance data, streaming, and integrity in Mexican soccer. This agreement grants Genius Sports exclusive rights to capture and distribute data from all Liga MX matches, including Liga de Expansion and Copa MX, to sportsbooks globally. The partnership aims to improve the league's international profile and engage fans through low-latency streams. Genius Sports will also implement a monitoring system to combat match-fixing, reinforcing transparency in the league.
