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Sporttrade announced on Friday (4 October) that it is adding strategic investor SIG Sports Investments Corp, which previously made two capital investments in the startup. The new funding will be used for US expansion and customer acquisition as well as to continue to improve technology. In addition, SIG will work to “enhance Sporttrade’s key markets by providing additional liquidity and improved pricing to high volume markets across a variety of sports and contract types in the coming months.”
Deutsche Bank analysts are standing with their “buy” rating for Caesars Entertainment ahead of investor days in Las Vegas next week. On Thursday (3 October) the firm wrote that, while nothing specific has changed, “we continue to like Caesars.”
BetMGM announced on Monday (30 September) that it has expanded its partnership with Major League Baseball and will be the official bullpen sponsor of the playoffs. BetMGM will also launch its $50,000 Bullpen Jackpot. If a player hits a homer into a bullpen, any bettor who placed a qualified wager on that player to hit a home run that day gets a share of a $50,000 pot of bonus bets.
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