Rank trading Update
Rank trading update The top line Group GGR was up 69% YoY to £163.1m with Grosvenor venues up 209% YoY to £79.2m, Mecca venues up 41% to £34m and the Spanish Enracha business up 20% to £6.5m. UK digital returned to growth, up 4% to £38.2m while international digital was up 11% to £5.2m. FY22 […]
Entain silent on DraftKings bid
The top line NGR up 4% (+6% constant currency), with online up 10% (18% ex-Germany) and retail up 1%. Online driven by strong sports-betting margins of 12.8%. BetMGM delivered 26% sports-betting and igaming market share across states in which it operates and 32% igaming share. FY21 EBITDA expected to be in line with previous guidance […]
G2E review
Wish you were here: Travel restrictions meant most of the international representatives were unable to travel to G2E. Analysts at Truist noted that the number of mask-mandated attendees appeared to be around 50% of normal but those that were there were clearly “enthusiastic”. The dominant headlines from the week were generated by Bill Hornbuckle’s less-than-surprising […]
Netherlands shambles
How do you say chaos in Dutch? As of today the Netherlands’ online gaming and betting market is regulated, with 10 operators having received licenses, including bet365, Tombola and Holland Casino. But the advent of a regulated regime was the cause of a flurry of announcements yesterday, and much confusion. Timeline: 8:39 am – Entain […]
Endeavor adds OpenBet to its entourage
Scientific Games sells OpenBet to Endeavor The top line Endeavor will pay $1.2bn for the OpenBet sports-betting backend supply business. The deal consists of $1bn in cash and $200m in Endeavor stock The price represents c.10x FY21 revenues and an estimated 34x assumed FY21 EBITDA of ~$35m. U.S.-listed sports and entertainment group Endeavor owns data […]