iGamingNEXT review
The old bull and bush: The event in Malta kicked off with a panel looking at investment trends and in particular the great catalyst of the US. Tim Heath, general partner of Yolo Investments and founder of Yolo Group, said the market had now entered the FOMO stage, suggesting that those currently working towards deals […]
Las Vegas Sands: desperately seeking visibility
Las Vegas Sands Q321 The top line Revenue rose 92.2% YoY to $857m while adjusted EBITDA came in at $47m vs. a loss of $163m in Q320. As of the end of September LVS had $1.64bn of cash on its balance sheet and access to $3.93bn of available credit. The shape of a pear: On […]
DraftKings M&A depends on crumbling share price
Ask yourself a question: would you buy shares in DraftKings right now? This is the question that is central to the company’s M&A efforts and the answer is far from clear cut. Tear yourselves away from G2E for a minute and direct your attention to the recent news about Zoom and its merger bid for […]
Catena Media’s European writedowns
Catena Media Q3 update The top line Revenue estimated at €33.1m, up 33% YoY with North American operations up 124% and now worth 51% of total group revenues. Adjusted EBITDA estimated at €16m, up 33%. German revenue fell 82% over the period and now down to 4% of group revenue. A total writedown of €49.4m […]
Germany and Netherlands dog 888
888 trading update The top line Revenues rose 7% (+3% on constant currency) YoY to $229.9m; gaming revenues were up 11% to $193.5m, sports betting was down 15% to $26.8m. B2B revenues were up 4% to $9.6m. YTD revenues were up 28% to $758.3m, with B2C gaming up 27% to $622.3m and B2C betting up […]