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Play by Play: Foot Locker (NYSE: $FL) Invests $3 Million Into NTWRK, Fitbit (NYSE: $FIT) Enables FibriCheck App Availability in Europe and Millennial Esports (TSXV: $GAME.V) Acquires Data Provider DriverDB.com

IAAF World Athletics Championships Gear Up Without Bolt for First Time Since ‘03 and Nick Kyrgios Fined and Suspended by ATP

Play by Play - the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - September 26, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.

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Play by Play: Foot Locker (NYSE: $FL) Invests $3 Million Into NTWRK, Fitbit (NYSE: $FIT) Enables FibriCheck App Availability in Europe and Millennial Esports (TSXV: $GAME.V) Acquires Data Provider DriverDB.com

Stocks discussed: (NYSE:FL) (NYSE:FIT) (TSXV:GAME)

Foot Locker, Inc. (NYSE:FL) has announced a strategic investment of $3 million USD in youth culture e-commerce and content platform NTWRK. Richard Johnson, Foot Locker's Chairman and CEO explained:

"NTWRK's innovating and engaging content platform is pioneering the way brands tell their stories and the way youth culture shops. At Foot Locker, we are focused on continuing to elevate the customer experience and investing for growth, and our partnership with NTWRK reflects our commitment to driving our business in new and exciting ways. We look forward to working closely with Aaron [NTWRK CEO Aaron Levant] and the NTWRK team to deliver exclusive products and experiences for our customers and extend our reach in youth culture."

Fitbit, Inc. (NYSE:FIT) has announced a partnership enabling users in Belgium, the Netherlands, Ireland and the UK to monitor their heart rhythm for irregularities directly from their Fitbit smartwatch. This is done through the FibriCheck app, which uses Fitbit's commercial-grade PPG (photoplethysmography) sensors - light-based technology that measures the rate of blood flow - to capture heart rhythm measurements from a user's wrist. Nicola Maxwell, Director of Health Solutions & Services, EMEA for Fitbit, commented:

"For more than a decade, Fitbit has helped millions of consumers around the world get healthier by providing them with a holistic picture of their health and wellness. Our partnership with FibriCheck expands on this vision by offering an accessible way for people to detect irregular heart rhythms using their Fitbit smartwatch, helping them to potentially identify and monitor heart conditions like atrial fibrillation. FibriCheck is the first CE-marked app to be available on Fitbit smartwatches in the EU and its addition to the platform complements our expanding range of technology-based solutions that can help drive positive health outcomes."

Millennial Esports Corp. (TSXV:GAME) has acquired global motorsports data provider DriverDB.com, expanding its expertise in the esports data industry. Millennial Esports President and CEO, Darren Cox said.

"Driver Database has been collating data for 15 years in the motorsport industry and has gained trust and credibility in this space by the whole sport. With our marketing expertise, we can now make the most of this data. Millennial Esports also can use this well-structured approach to provide results and data to the burgeoning esports industry - data which is in high demand by the media, rights holders, and wagering organisations."

IAAF World Athletics Championships Gear Up Without Bolt for First Time Since ‘03 and Nick Kyrgios Fined and Suspended by ATP

The 2019 IAAF World Athletics Championships are set to begin on Friday, September 27 at Khalifa International Stadium in Doha, Qatar. This will be the first year since 2003 that sprinter Usain Bolt will not be participating. Bolt holds several IAAF records, including most medals won by a male athlete, most gold medals won, most World Athlete of the Year trophies won, and most tickets sold. The Associated Press quotes American sprinter Justin Gatlin:

"It's weird, because usually when he's around, there's a different energy. It's almost like pandemonium in a way. Now, you feel like everyone is an opponent. Everyone has their opportunity of being really good and stepping up to the plate to be able to place."

Australian tennis star Nick Kyrgios has been suspended by the ATP (Association of Tennis Professionals) following an investigation into the player's conduct at the ATP Masters 1000 event Cincinnati last month. The investigation concluded that Kyrgios has been found to have committed Aggravated Behavior under the Player Major Offense provision in the ATP Code for his behaviour in the second-round match at the aforementioned tournament. Kyrgios insulted a chair umpire and smashed two rackets, for which he was fined $113,000 USD at the time. Following the investigation, Kyrgios is also facing an additional fine of $25,000, a suspension of 16 ATP weeks, and a probationary period of six months beginning the Monday following acceptance of the terms of today's determination.

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