Macau 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 […]
The 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, […]
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 […]
Inflation worries: the impact of promotions on handle and GGR
Are state revenues and hold figures for US online sports betting inaccurate and over-inflated? How does promotional spend, freebets mainly, but also odds boosts and rebates, really impact operators’ bottom lines? Wagers dives into the numbers. The topic has been much debated on social media and among industry executives, but with DraftKings CFO Jason Park […]
Entain to bet on Baltic booster?
Entain Olympic bid Feeling Baltic: Entain is reported to have made a $1bn bid to buy elements of Estonian-based betting and gaming operator Olympic Entertainment Group. The Bloomberg story suggests the bid is all cash. Olympic is owned by collapsed London-based private equity group Novalpina Capital. A bid for Olympic would represent a doubling-up of […]