Florida sports betting ballot measure ‘doomed,’ consultant says
The DraftKings and FanDuel-backed Florida Education Champions (FEC) initiative has spent $35 million trying to get its question on the ballot but is running short of time. As of a Tuesday, the FEC petition had reached just over 427,000 verified signatures. It needs 891,589 to not just be submitted but verified by the end of this […]
Read MoreAnalyzing Super Group and its market share claims
In all the hype surrounding the U.S. market right now, the positioning of Betway parent Super Group is interesting. Speaking during a recent digital fireside chat with the analysts at Needham & Co, the management of Super Group spoke about its ambitions in the U.S. Super Group hopes to complete its merger with the Sports […]
Read MoreThe 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 […]
Read MoreWhy 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 […]
Read MoreCaesars grabs share of Arizona sports betting limelight
The data from sports betting in Arizona in September and October gave a good picture of what a new state looks like when all the major operators are there from the start. Out of the gate, we can see that both DraftKings and FanDuel no longer appear to need the head start of an existing […]
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