DraftKings digs deep for Golden Nugget
DraftKings acquires Golden Nugget Online Gaming A rich seam: DraftKings acquires Golden Nugget Online Gaming in an all-stock transaction valuing GNOG at approximately $1.56bn. The offer is at a 7.6x…
DraftKings readies for NFL return
DraftKings Q2 and earnings call The top line Revenues up 297% to $298m, operating losses hit $321.5m vs $160m Q220. Adjusted EBTIDA losses were $95.3m vs $57.5m Q220 and marketing…
Churchill Downs Q2 earnings call
Capital projects: Capex plans will focus on the $76m expansion of the Derby City Gaming facility and three major racetrack projects to be completed in the next three years: the…
Sector watch – NFTs
Some candy talking: DraftKings’ move into the NFT space via the launch of Marketplace confirmed fan tokens as another area where the convergence between sports and sports betting will potentially…
Evolution gives it 100%
Evolution Q2 The top line Revenue rose 100% YoY to €256.7m while EBITDA was up 115% to €174.7m corresponding to margins of 68% (up from 63.2% Q220). H121 revenues up…