Basketball Wiretap

NBA Announces Partnership With Online Sportsbook

Dec 11, 2018 2:39 PM

The NBA and The Stars Group Inc. (NASDAQ: TSG; TSX: TSGI) announced a new multiyear partnership that will make The Stars Group an authorized gaming operator of the NBA in the U.S. The partnership is The Stars Group’s first with a professional sports league in the U.S. 

As part of the partnership, The Stars Group will have the right to use official NBA betting data and league marks across The Stars Group’s digital sports betting offerings.   

The Stars Group is a global leader in the online and mobile gaming and interactive entertainment industries, entertaining millions of customers across its online poker, gaming and betting offerings.  The Stars Group is currently operating in New Jersey with its BetStars brand, with plans to expand its business nationwide as additional states legalize online sports betting.  Over the past year, The Stars Group expanded its global business with the purchase of UK-based Sky Betting & Gaming and Australia-based BetEasy. 

“The Stars Group is an accomplished global online gaming leader and we are excited to work with them on their first U.S. sports league partnership,” said Scott Kaufman-Ross, Head of Fantasy & Gaming, NBA.  “This dynamic partnership will be another way to create authentic fan engagement with league logos and official NBA betting data, while leveraging Stars’ global expertise to further optimize the fan experience.”

RealGM Staff Report

Tags: NBA, NBA CBA

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NBA Owners Not Expected To Consider Expansion Until At Least 2025

Dec 5, 2018 9:11 AM

NBA owners are not currently considering expansion and are not expected to begin to in the near future, according to multiple sources.

Expansion could be considered again as part of the next television package discussions in 2025.

The NHL awarded Seattle an expansion team on Tuesday.

An NBA team could conceivably attempt to relocate to Seattle before then with the Memphis Grizzlies and New Orleans Pelicans considered most likely.

Kurt Helin/NBC Sports

Tags: NBA, NBA CBA

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Warriors Estimating Up To $200M Annual BRI Boost Moving To New Arena

Nov 13, 2018 12:11 PM

In order for the Golden State Warriors to pay for their new $1.1 billion arena in San Francisco, they are also building 580,000 square feet of office space to be occupied by Uber.

To compensate for the move and their exorbitant luxury tax bills, the Warriors sold off 45 percent of this San Francisco project to the ride-share company, as well as 10 percent to Alexandria Real Estate equities. The Warriors retained 45 percent ownership of that office space.

At recent board of governors meetings, many owners have been describing the NBA as a real estate company.

"The economics don't make any sense if you don't have additional opportunities to drive revenue to justify putting a billion dollars to building one of these," said Golden State CEO Rick Welts.

Sources say that additional basketball-related income from the move into the new arena is projected to reach between $175 and $200 million annually over current numbers at Oracle Arena. 

The Warriors anticipate healthy earnings from their real estate and unlike revenue generated from activity within the arena, it is not subject to BRI.

"This is the foundation of our success for the next 40 years," Welts says. "Our core product will always be the Warriors and the thing people care most about, but flowing from that are going to be businesses that, [when] very carefully chosen, we can leverage the Warriors' success by doing more things."

Kevin Arnovitz/ESPN

Tags: Golden State Warriors, NBA, NBA CBA

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