It has among its functionalities the visualization of matches as if it were a video game.
United States.- Betano introduced its innovative in-game visualization tool for National Basketball Association (NBA) matches. Starting this season, Betano customers can watch and interact with live games as if they were playing a video game.
Similar to a video game experience, this feature, supported by computer vision technology and artificial intelligence, converts real-time data into 3D visualizations that are streamed in a personalized manner, allowing fans to choose their viewing angle and enjoy every play, shot, and scored point from their favorite perspective.
Developed in collaboration with Sportradar, this solution reinforces Betano's commitment to offering cutting-edge experiences for sports fans.
See also: Betano becomes the official global sponsor of the UEFA Europa League and the UEFA Conference League
George Kourakos, Director of Innovation at Kaizen Gaming, commented: "The introduction of AI technology, especially computer vision, is transforming the fan experience in major sports competitions. Fans want to have control over how they view and interact with sports, creating their own personalized experiences."
He added: "We are excited to introduce a new way to enjoy matches, allowing fans to choose their preferred angles to watch the action. We remain committed to offering innovations that allow our users to interact in new ways with their favorite sports, always in a responsible manner."
The net revenue for the period July-September was €51.7m.
Spain.- Codere Online shared its financial results for the third quarter of the year. According to the report, the total revenues amounted to EUR49.2m between July and September of this year, while the net gaming revenues were EUR51.7m, representing a 20 percent increase compared to the same period last year.
Of the total, Mexico contributed EUR24.2m along with net gaming revenues of EUR26.7m. These figures represent a 27 percent increase over the third quarter of 2023. As for Spain, the net gaming revenues stood at EUR20.9m in the previous three months, that is, an 11 percent increase compared to the third quarter of 2023.
In the report, the company also stated that the net profit excluding the non-monetary variation in the fair value of public warrants was EUR2.8m in the first nine months of 2024, compared to a net loss of EUR2.8m in the first nine months of the previous year.
On the other hand, the total cash position is EUR44m as of September 30, 2024, while Codere Online estimates to end 2024 with net gaming revenues for the whole year of between EUR205m and EUR215m, and with an adjusted Ebitda (operating gross profit) of EUR2.5m to EUR7.5m.
See also: Nasdaq warning: Codere Online could be delisted if it does not submit all required documentation
Regarding this, Aviv Sher, CEO of Codere Online, noted: "Our company has achieved another quarter of solid results, with net gaming revenues of EUR51.7m, representing a 20 percent increase compared to the third quarter of 2023."
He added: "In Mexico, the net gaming revenues reached EUR26.7m, a 27 percent increase compared to the same period last year, despite the significant devaluation of the Mexican peso following the presidential elections in June. In constant currency terms, our net gaming revenues in the country would have grown by 43 percent. Meanwhile, performance in Spain remained solid."
For his part, Oscar Iglesias, CFO, added: "Beyond the significant growth in revenues, we also generated EUR1.5m of adjusted Ebitda and EUR3.5m of cash in the quarter. This is now the third consecutive quarter of positive adjusted Ebitda, raising the year-to-date total to EUR4.5m."
