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Betsperts Acquires Bleacher Nation

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Betsperts Acquires Bleacher Nation

 

The Betsperts Group has acquired Bleacher Nation in a cash plus equity transaction, making this their 4th transaction to close in the last 18 months.

Bleacher Nation joins an impressive lineup of acquisitions made by the Betsperts Group including Matthew Berry’s Fantasy Life App, www.4for4.com, and www.Dynastyleaguefootball.com. Bleacher Nation began in 2008 as a blog focusing on the Chicago Cubs. In the last 14 years they have grown to one of the leading media outlets covering Chicago sports and major sports stories around the country.

With the addition of Bleacher Nation, Betsperts Group boasts an audience of over 25M unique users and over 225M page views in the last 12 months. Betsperts Group CEO Reid Rooney said, “Bleacher Nation has built an incredible relationship with Chicago fans and sports fans all over the world. We look forward to continuing their impressive track record of growth by expanding their content coverage and adding additional resources to support the business.”

The legacy Betsperts Group grew revenue over 350% in 2022 and the new combined group published over 25,000 articles and more than 1,200 podcasts / live streams over in 2022. Rooney also explained, “We will be profitable in 2023 which is exciting especially since we have continued to diversify our revenue streams monetizing through our subscriptions, affiliate partnerships, and advertising revenue. 2023 and 2024 will be exciting growth years for the business in revenue, profitability, and traffic.”

VP of Strategic Growth, Michael Cerami, explained why Bleacher Nation was joining Betsperts Group, “We enjoyed a shared vision for the future of Bleacher Nation, a future we wouldn’t have been able to reach without the additional support and resources of Betsperts.  We are thrilled and excited to become a part of Betsperts Group, and we are confident our readers are going to love what comes next.”

When asked about what is next for Betsperts Rooney exclaimed, “We are very appreciative of all of the support and belief in our shared vision from our investors.  We have already gotten significant commitments and a lead for our A2.  We are excited to finalize the rest of this raise in January or February and make sure we are executing our strategy moving forward.”

Betsperts has already closed on their first $3M for their Series A2 raise after previously raising $8.6M with major investors such as Verance Capital, HBSE Ventures, Parlay Capital, Velo Partners. They also have major industry influences as part of their team like early investor David VanEgmond and Matthew Berry who also sits on the Betsperts board.  The list of investors also includes athletes and celebrities such as Kevin DurantChris PaulEvan LongoriaKyle BuschDarius RuckerAdam WainwrightRichard Jefferson, and Jesse Itzler.

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Caesars Entertainment Closes Sale of the LINQ Promenade

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Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.

Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.

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The Stampede Continues with Aristocrat Interactive’s Buffalo Gold Max Power

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Aristocrat Interactive, Aristocrat’s online Real Money Gaming (RMG) division, announced that the stampede continues with the launch of Buffalo Gold Max Power in the US. This marks the fifth online game in the award-winning and iconic Buffalo portfolio, following the success of Buffalo, Buffalo Gold Collection, Buffalo Chief, and Buffalo Gold Revolution.

Buffalo Gold Max Power builds on the legacy and popularity of Buffalo Gold, a fan-favorite in land-based casinos. This online adaptation is born to entertain with new features powered by Aristocrat’s proprietary Max Power mechanic, offering players up to 46,656 ways to win free spins and collect Gold Buffalos. With dynamic reels that vary from 2 to 6 symbols on every spin and a redefined feature, Buffalo Gold Max Power is ready to create a stampede of excitement.

“For more than a decade, our iconic Buffalo games have captivated players as some of the most iconic slot games in land-based casinos. With Buffalo Gold Max Power, we’re bringing this timeless favorite online with enhanced gameplay and features that players will love. The launch in New Jersey is an exciting milestone as we continue to deliver innovative and memorable gaming experiences globally,” said Josh Morris, SVP Content at Aristocrat Interactive Content & Aggregation.

Earlier this year, Buffalo was awarded the winner of the Top Performing Omni-Channel Slot at the EKG Awards. The launch of Buffalo Gold Max Power is the latest step in Aristocrat Interactive’s strategy to expand Aristocrat’s industry-leading content portfolio into the online space. The game is currently available with online operators in New Jersey, Ontario, Canada and the UK, with more markets to follow overtime.

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Compliance Updates

JCM Global Receives Approval to Operate in West Virginia

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JCM Global announced that it has successfully passed regulatory review and received a manufacturer’s license from the West Virginia Lottery Commission. The license enables JCM to directly sell to and service customers in the state.

“At JCM, we are committed to our customers. While attaining licensing was not required, we pursued it because it allows us to directly provide JCM’s leading technology and advanced systems, backed by our world-class service, and support, resulting in faster service times and simplifying the entire relationship between JCM and our customers,” said JCM SVP – Sales, Marketing & Operations Dave Kubajak in a statement.

JCM recently announced it has attained licenses in Colorado and New Mexico, bringing the company’s total number of active gaming licenses to 177.

In West Virginia, JCM will provide technology, including the iVIZION bill validator; ICB Intelligent Cash Box System, which boosts security and efficiencies across the gaming floor; and the GEN5 thermal printer, which delivers TITO, personalized promotions, and rewards directly to the player.

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