Latest News
Praesepe, Blueprint and Bacta move quickly to answer charity SOS
Gauselmann owned brands, Praesepe and Blueprint have joined forces with UK trade association, Bacta to donate £12,000 to fund 100 Amazon Fire tablets and care packages to industry charity, Rays of Sunshine (ROS). The tablets, described as a ‘god send’ by ROS chief executive Laura Barnett, will be distributed to children who, due to restrictions introduced to help stem the spread of the Coronavirus pandemic, find themselves isolated from friends and family in hospital.
Explaining the impact and the importance of the donation, Laura Barnett said: “We’re so thankful to Gauselmann and Bacta for their incredibly generous donation of £12,000 which will enable us to continue brightening the lives of seriously ill children during this incredibly challenging time. The money donated will fund Amazon Fire tablets and care packages for hospitals, who we know have an immediate need due to the Covid-19 global pandemic. For children who are currently isolated in hospital receiving treatment, the tablets will help to alleviate their anxiety and distract them from the uncertainty related to their condition by enabling them to access virtual entertainment and, most crucially, keep connected with their friends and family.”
Praesepe Chief Operating Officer, Mark Schertle explained: “We have a close relationship with the Bacta Charitable Trust donating some £45,000 over the last nine months, so we know of the fantastic work undertaken by Rays of Sunshine in terms of granting wishes to children with serious or life-limiting illness. When we were made aware of how the pandemic was impacting the ability to continue their work, we thought there must be a way of doing a little bit more at this important time. We then spoke with our colleagues at Blueprint and John White at Bacta and I’m delighted that we have been able to move quickly and to be of some practical use. Laura and her team are budgeting for a seven figure loss of income this year, which is a massive blow for everyone connected to the charity, especially the children and their families.”
David Purvis, Managing Director of Blueprint Operations added: “We are all currently facing challenging impacts to our lives and businesses. Sadly, we have all borne witness to how this insidious virus is impacting our families, our communities and our very way of life. We hope that our donation of 100 Amazon Fire Tablets to the children of Rays of Sunshine will make a positive difference to their lives and the challenges they have at this time. Although these are trying times for us all, we remain optimistic that the UK will thrive again soon.”
John White believes this latest contribution to good causes shows the industry at its very best. He said: “The Bacta Charitable Trust was contacted by Praesepe/Blueprint to see if we would be able to jointly fund the 100 tablets and the answer was an unequivocal yes. In less than a week we’ve moved from reading about the issues faced by Rays of Sunshine to doing something really positive and helping to brighten the lives of children who have been cut-off from their loved ones. Not only does the industry have a massive heart but it also has a remarkable ‘can do’ attitude and the ability to make things happen – irrespective of the circumstances. I think the industry should be extremely proud.”
Asia
Resorts World Sentosa Signs MoU for Sentosa Precinct Partnership
Resorts World Sentosa (RWS) has signed a Memorandum of Understanding (MOU) with the Sentosa Development Corporation (SDC), DBS Bank (DBS) and Singapore Tourism Board (STB) for the development of a Sentosa Precinct Partnership, a multi-lateral partnership aiming to drive Sentosa’s tourism growth.
The announcement of the multilateral partnership comes after the soft opening of Sentosa Sensoryscape, a 350-metre-long connector featuring six sensory gardens with night experience that is directly linked to Ave8 at RWS.
The Memorandum of Understanding (MOU) has been signed during STB’s Tourism Industry Conference, with Minister Grace Fu, Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations, presiding over the event.
The signatories included Michael Ma, Assistant Chief Executive (Business and Digital Technology Group) of SDC; Lee Shi Ruh, President of RWS; Jeremy Soo, Managing Director and Head of Consumer Banking Group (Singapore) at DBS; and Kenneth Lim, Assistant Chief Executive (Marketing Group) at STB.
Also present at the signing were Thien Kwee Eng, SDC CEO, Tan Hee Teck, RWS CEO, Han Kwee Juan, Singapore Country Head of DBS Bank; and Melissa Ow, STB CEO.
RWS, which operates Southeast Asia’s first Universal Studios theme park, is located on the 500-hectare Sentosa island, which houses an array of themed attractions, spa retreats, and resorts. The resort will be hosting Asia’s premier of Harry Potter: Visions of Magic in the later half of 2024.
eSports
Tundra Esports Announces New Official Supplier Partnership with Gladiator PC
Tundra Esports, The International 11 Champions and a leading competitive esports team playing in Dota 2, proudly announces a game-changing collaboration with Gladiator PC, a pioneer in high-performance gaming technology as their Official Supplier.
Latest News
Genius Sports Reports First Quarter Results Above Expectations and Raises 2024 Group Revenue and Adj. EBITDA Guidance
Q1 Earnings 2024 Carousel 8th May
- Group Revenue of $120m, exceeding first quarter guidance of $117m
- Group Net Loss of ($26m) and Group Adj. EBITDA of $7m, exceeding guidance of $6m
- Raised 2024 Group Revenue and Adj. EBITDA guidance to $500m and $82m, respectively, up from prior guidance of $480m and $75m
- Reaffirming expectation to generate positive cash flow in 2024
- Increased financial flexibility by entering into $90 million committed revolving credit facility with Citibank and Deutsche Bank
Genius Sports Limited, the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal first quarter ended March 31, 2024.
“Following a strong year of execution in 2023, we are pleased to continue our momentum to start the new year, with the first quarter of 2024 marking another period of outperformance relative to expectations,” said Mark Locke, Genius Sports Co-Founder and CEO. “As we expand our technology footprint and work to extend one of our most important data partnerships with Football DataCo, we feel an enhanced sense of excitement and confidence in our outlook for 2024 and beyond.”
$ in thousands | Q124 | Q123 | % |
Group Revenue | 119,718 | 97,229 | 23.1% |
Betting Technology, Content & Services | 73,897 | 64,740 | 14.1% |
Media Technology, Content & Services | 35,475 | 21,764 | 63.0% |
Sports Technology & Services | 10,346 | 10,725 | (3.5%) |
Group Net loss | (25,541) | (25,168) | (1.5%) |
Group Adjusted EBITDA | 6,878 | 8,042 | (14.5%) |
Group Adjusted EBITDA Margin | 5.7% | 8.3% | (260 bps) |
View the full press release here.
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