Rush Street hopes to make permanent waves
The top line Revenue increased 218% to $111.8m for a net loss of $76,000, representing a contraction on the $12.9m net loss in the prior year period. Adjusted EBITDA losses hit $15.1m compared to $1.1m in Q120. Advertising and promotional expenses amounted to 36% of revenue at $40.5m, compared to $8.5m the prior year. Monthly […]
Read MoreWynn fires cannon on online Austerlitz deal
Wynn The top line Operating revenues fell 23.9% to $725.8m ($953.7m Q120) and net loss was $281m or $2.53 per diluted share, compared with a loss of $402m or $3.77 per diluted share, in Q120. Adjusted EBITDA at the group’s resort properties increased $17.2m, $50.2m and $43m at Wynn Palace, Las Vegas, and at the […]
Read MoreDraftKings tight-lipped on SBTech migration
DraftKings The top line Revenues rose fourfold to $312.3m while net losses from operations widened in lockstep to $324.8m from $66.1m in the prior year period. The net operational cash flow drain went from $50.8m to $77.8m. Sales and marketing expenses rose to %228.7m from $53.7m, a 325% YoY rise. B2C revenues rose to $280.8m, […]
Read MoreLeoVegas’ German rout
The top line Q1 revenues increased by 8% to €96.7m (€89.4m Q120) with organic growth in local currencies of 8%. Adjusted EBITDA was €10.9m (€9m Q120) with adjusted margins of 11.3% (10% Q120). Adjusted earnings per share were €0.07 (0.06 Q120). The number of depositing customers grew 12% YoY to 462,386 (413,269). Germany continues to […]
Read MoreBAH looks to German upside
Bet-at-home Q1 The top line GGR was down 5.5% to €30.5m with NGR down 7.4% to €23.6m. EBITDA fell by 23.1% to €6.9m. Consolidated profit was down 24.7% to $4.4m. Guidance for the rest of the year is for GGR of between €106-118m and EBITDA of between €18-22m. Looking to the future in Germany: In […]
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