Hard lines for Hard Rock
Florida sports-betting nixed by courts Ain’t no sunshine: Late yesterday a judge in the US District of Columbia nullified the compact between the Seminole and the state of Florida and put the future of sports-betting in the state into doubt. The 25-page judgment from Judge Dabney L. Friedrich puts a stop to Hard Rock’s mobile […]
Read MoreGambling.com Group Q3
The top line Revenue up 37% YoY to $10.1m while adj. EBITDA was down 14% YoY at $3.5m. NDCs were down 4% to 27k. Casino revenue at $7.97m (up 25%), sports revenue at $2.1m (up 142%), other revenue down 58% at $194k. Cash balances post-IPO stood at $53.2m. Westward ho: The third-quarter figures for the […]
Read MoreSportradar nets NBA 10-year deal
Sportradar Q3 The top line Revenue up 30% YoY to $158.7m (€136.8m) and adj. EBITDA up 21% to $24.2m (€20.9m). During the period, Sportradar completed its Nasdaq listing raising $546m. FY21 revenues expected at between $641-644m, adj. EBITDA at $115.4-117.7m. US revenues up 119% to €19.6m, RoW betting up 24% to €78.6m and RoW AV […]
Read MoreWynn Interactive analyst reaction
Non-stick SPAC: The news that Wynn Resorts and the Austerlitz SPAC vehicle had mutually agreed to terminate their merger didn’t come as too much of a shock for the analysts following the comments earlier in the week from Wynn’s results call. The deal announced in May would have valued Wynn Interactive at $3.2bn but Wynn […]
Read MorePenn National Gaming analyst update
Don’t hold back: Compliments don’t come much more backhanded than in the Deutsche Bank note issued today, which upgrades Penn National to a hold from a sell on the basis of its “massive underperformance” against its regional gaming peers. “Since our downgrade, and after numerous character assassinations, we stuck with our sell rating, because it […]
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