Online M&A: LVS happy to play a waiting game
Las Vegas Sands is planning to enter the online gambling space via M&A, but it is in no rush to get the check book out. Las Vegas Sands’ Q4 earnings provided minimal certainty on when the group will reopen its Macau and Singapore casino strongholds, but for those following the online sports betting industry, there […]
Read MoreRise 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 […]
Read MoreSingle Game Parlays and their importance to U.S. sportsbooks
Deutsche Bank has once again produced detailed research, this time on the impact of single game parlays on US online sports betting operators. The team at DB shows how SGPs are altering the interplay between handle, gross gaming revenues and the (higher) hold percentages operators are able to generate thanks to SGPs. The focus on […]
Read MoreMacau arrest sows doubt on future junket viability
News of the arrest on Friday of Alvin Chau, chairman and founder of the SunCity Group, is not directly linked to the US gambling sector, but could have an impact on US groups that have major interests in Macau such as Las Vegas Sands, MGM China or Wynn Macau. The arrest is another setback for […]
Read MoreThe Wagers E+M Golden Alarm Clock Awards
The beats, beefs and boasts of Q3 Beef of the quarter: Deutsche Bank vs. Dave Portnoy As if Dave Portnoy didn’t have enough to worry about this past quarter, he also found himself the subject of an ad hominem attack via a Deutsche Bank analyst note. Wrote the DB team: “At present, we believe Penn, […]
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