DraftKings bid for Entain – reaction

The top line Late last night, UK time, Entain released a further statement clarifying the terms of the offer received from DraftKings. It said that an initial offer of £25 a share was rejected and that a renewed offer was received on 19 September worth £28 a share or ~$22.4bn. This offer consisted of 630p […]

Say it quietly – 888’s U.S. avoidance tactics

888 made all the right noises last week about its U.S. ambitions, even as the deal to conduct a reverse takeover of William Hill points in a very different direction. All the usual cliches about action speaking louder than words and what a company doesn’t say being as important about what they do say can […]

888 confirms William Hill buyout

The top line 888 will pay Caesars Entertainment £2.2bn ($3.04bn) for the entire William Hill international business. The buyout will be funded by £1.64bn of new loans, a £150m revolver facility and via a £500m right issue. 888 will also take on £0.8bn of William Hill debt. In 2020 the combined business would have had […]

Broadcast News

The magnificent seven: The news that BetMGM, FOX Bet, PointsBet and WynnBet joining Caesars Entertainment, DraftKings and FanDuel as official NFL sports-betting partners inevitably means the upcoming season is likely to be accompanied by a soundtrack of incessant betting advertising campaigns. Certainly, if sports-betting follows the DFS playbook from 2015 then the possibility of avoiding […]

Gambling.com Q2

The top line Revenue up 66% to $10.4m and adjusted EBITDA rose 46% to $5.5m. All growth was organic. New depositing customers were up 4% in Q2 to 26,000. H1 revenue of $21.9m up 111%, NDCs of 62,000 up 51%. FY21 revenue expected to be over 40% higher YoY. Cold storage: Having got its IPO […]