theScore looks to northern exposure
Score Media & Gaming FYQ3 The top line Betting handle was C$73m, down from C$81.9m in Q2 due to sports seasonality. Betting GGR was -40k, NGR losses were C$2.4m. EBITDA losses were C$21.1m from -C$8m in Q320 with C$5m of IPO costs contributing to the worsening metric. Media revenues came in at C$8.9m, up 270% […]
Read MoreEntain on the up ahead of date with destiny
Entain trading update The top line Group NGR was up 11% in H1 and up 42% in Q2, excluding Germany Q2 online NGR was up 32%. Online revenues were up 22% for the 22nd quarter of consecutive growth (20% CAGR). Retail was down 42% due to ongoing COVID19 restrictions. The group enjoyed strong performances in […]
Read MoreTabcorp opts for wagering split
Tabcorp strategic review Keeping tabs: Tabcorp has announced a major restructuring which would see the lottery and keno business demerged from the wagering and gaming services arm, creating two new listed vehicles. The demerger comes after the company completed a strategic review aimed at unlocking shareholder value, looking at all options including a sale of […]
Read MoreCanada gets its TAM
Canada sports-betting bill Northern exposure: The news that Bill C-218 had passed the Senate with room to spare and will be signed into law within days means Canada’s sports betting is likely to have a similar effect on the Canadian market as the ending of PASPA had in the US three years ago. The biggest […]
Read MoreDraftKings analysts mount Hindenburg defence
Come at the King: No one involved in the sector would have been surprised by much that was in the Hindenburg short-selling attack yesterday on DraftKings. Allegations around black market activity and illicit operations at the SBTech B2B arm had an immediate impact with DraftKings suffering a 10% fall in pre-open trading. But despite the […]
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