The coming sports-betting disruption from Fanatics and beyond
With Fanatics now apparently having chosen its entry route into sports-betting in North America – or at least settled on a name – and with DAZN having announced its plans for the same and rumors swirling about Disney and ESPN, there is set to be a lot more new entrants into the sports-betting space in […]
Read MoreExit OSB euphoria, pursued by a bear
Now we know what a bear market feels like once again. The falls suffered across the wider market on Friday and then again on Monday are a reminder that all bull markets – eventually – come to an end. All things must pass, even irrational exuberance. Or should that be, especially irrational exuberance? The financial […]
Read MoreStock-based compensation and the fight for talent
Alongside the general tightness in the U.S. labor market, issues around options and share-based awards are having an effect on recruitment in the sector and driving up the cost of new hires. Notable among the recent disclosures was the news that DraftKings had given away a massive $683m in stock-based compensation in 2021. While a […]
Read MoreMGM’s LeoVegas play; big deal with bigger implications
On its own, the deal is certainly not the biggest seen in the sector. That $607m can be more than covered by MGM’s money in the bank. LeoVegas generated revenues of €391.2m in 2021 and €43.3m of EBITDA. Accompanying the news Monday, LeoVegas also released its first-quarter earnings showing revenues for the three-month period up […]
Read MoreAnalysis: The significance of Boyd’s deal for Pala Interactive
Significant as Boyd Gaming’s $170m proposed deal to buy Pala Interactive is for its igaming plans, it is clear it doesn’t change anything about its arrangement for sports betting with FanDuel. As announced last week, the deal gets Boyd a player account management system (PAM) alongside platforms for casino, poker, and social gaming. It also […]
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