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Boom Entertainment raises $15 million to redefine gaming for the digital world

20 September 2021

(PRESS RELEASE) -- Boom Entertainment, the creator of popular sports gaming apps such as NBC Sports Predictor, has announced a $15 million Series A led by Sands Capital to fuel the company's expansion into real-money gaming products.

"Sports fans and casino players are craving something more – new products and new games that will transform how they consume sports and how they are entertained," said Stephen A. Murphy, co-founder and CEO of Boom Entertainment. "With this capital infusion, we will redefine what real-money gaming looks like by introducing new ways to bet on sports and new experiences for players."

Sands Capital, the investment company with nearly $80 billion under management (including stakes in Amazon, Netflix, and Nike), led Boom Entertainment's latest round. Sands has extensive experience in real-money gaming, as shareholders of Entain (which runs BetMGM in a joint venture with MGM Resorts) and as previous shareholders of Las Vegas Sands.

"Boom is in an enviable position as the premier provider of technology and games in an industry that is both rapidly expanding and increasingly in need of product differentiation," said Scott Frederick, partner at Sands Capital. "Boom offers the entire continuum, from mass-casual free-to-play gaming products to fantasy sports to online casino and sports betting games. They are the go-to partner for any company looking to maximize their opportunity in this category."

Boom Entertainment's partners include media companies, sports leagues, retail companies, and sportsbook and casino companies.

Joining Sands Capital in the round is a star-studded list of investors, including Defy Partners, Golden Nugget Online Gaming, Rush Street Interactive, TEGNA, Bettor Capital, Velo Capital, Alpha Bridge Ventures, and Heatwave Partners. New England Patriots owner Robert Kraft, former MGM Resorts International CEO Jim Murren, former International Game Technology CEO Patti Hart, Better Collective CEO Jesper Sogaard, J2 Global CEO Vivek Shah, Acies Acquisition Partners Co-CEOs Edward King and Dan Fetters, Proskauer partner Robert Freeman, Eilers & Krejcik partner Chris Grove, former ESPN SVP Sean Bratches, former NBA SVP Chris Pantoya, BTIG partner Rich Jacklin, Palo Alto Venture Partners managing partner Peter Ziebelman, ESPN analyst Adam Schefter, and several other notable investors participated in the round.

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