Rise of the middleweights
GIG’s acquisition of the sportsbook solutions provider Sportnco and NeoGames’ takeover of Aspire Global shows that medium-sized suppliers of online betting and gaming solutions are looking at different ways to expand. GIG’s $50m purchase of Sportnco ($27.3m paid in cash) provides it with a sportsbook solution that is well established and accustomed to highly regulated […]
The pitfalls of going it alone on tech
The news last week that Fanatics had passed on buying its way into the sports-betting market via an acquisition of PointsBet and was now focused on building its own operation fits a pattern when it comes to how operators often view the issue of ‘owning the tech’. We start with the unlikely-in-this-context historical figure of […]
The Handle Edition 29: Sportsbetting & Gender Equality
The Handle is a regular newsletter dedicated to providing the best insights in gaming news. To get The Handle delivered to your inbox, subscribe here. Sports Betting Demographics According to a July Sportico piece by Emily Caron, the state of the market indicates that around one-third of bettors in the U.S. are female. For Gen-Z […]
Why is DraftKings being shorted?
Every Monday, the analyst team at Wells Fargo produces a note on the gaming sector looking at sector valuation comparators and recent share price performance. It’s something of a financial analyst’s nerd paradise, packed as it is with PE ratios, enterprise value to sales metrics, and net leverage forecasts for the major names from the […]
Gaming policy breakdown with John Pappas of iDEA Growth
State legislatures across the country are starting their respective 2022 sessions in January, including at least a dozen (and counting) that are set to at least consider gaming bills. John Pappas, a long-time industry veteran and member of gaming policy advocacy group iDEA Growth, spoke with Wagers.com about what to expect in 2022. Though we’re […]