PHILADELPHIA–(BUSINESS WIRE)–Today, Entercom Communications Corp. (NYSE: ETM) announced it has closed on the acquisition of sports data and iGaming affiliate platform QL Gaming Group (QLGG) in an all cash deal for approximately $32 million. The acquisition brings unrivaled data, analytics and insight-driven content to Entercom’s best-in-class sports broadcast stations, influential podcasts and RADIO.COM, the fastest growing digital audio platform in America.
It is hard to believe that only three years ago most residents of the USA had no opportunity to place a legal wager on a sporting event unless they lived in or were visiting Nevada. In spite of this, they bet anyway – with friends, through office pools and, most notably, through illegal offshore sports betting websites.
After all, laws weren’t going to stop Americans from participating in one of the most beloved and prolific pastimes – watching and betting on sports!
Whether you’re launching your new business or are already up and running, raising money is crucial to most companies’ success. Venture capital (“VC”) funding is one of many ways to raise money from interested investors.
Novel coronavirus (Covid-19) has changed the landscape of how venture capital (VC) firms carry out their day-to-day business, and Jamco Capital is no exception. However, the challenges are not insurmountable, as illustrated by its investments in two gaming companies since the start of the pandemic, writes Christopher Kape.
Since the onset of COVID-19, many changes have occurred to our everyday lives, the majority of which few imagined could have happened just 6 short months ago. These changes have vastly impacting the global economy and will, undoubtedly have repercussions for years to come. With lockdowns, closure of specific sectors of the economy, and strict border regulations being the order of the day, many enterprises have resorted to down-scaling their operations while others are closing or are closed entirely.
Venture capitalist Chris Kape – founder and President of Vancouver’s JAMCO Capital, an early stage venture capital and consulting firm serving early-stage companies in the gaming, high tech and wellness industries — continues to make smart deals that deliver results.
We sat down to talk with Vancouver entrepreneur, venture capitalist and philanthropist Christopher Kape. Q: You’ve been active as an entrepreneur for two decades. How did it all begin and what companies are your most successful? Christopher Kape: JAMCO Capital was created in 2001 after the dot-com collapse. While most investors viewed this time with skepticism, I viewed it as the perfect opportunity to enter the space and look for value plays.
Since COVID-19 made its presence felt across North America, Canada and the United States have been wrestling with the pandemic. As the numbers of those affected continue to rise, and with deaths now being reported on a daily basis, government officials, medical experts and others in both countries have instituted numerous measures to stem the flow.