Entain on the up ahead of date with destiny
Entain trading update The top line Group NGR was up 11% in H1 and up 42% in Q2, excluding Germany Q2 online NGR was up 32%. Online revenues were up 22% for the 22nd quarter of consecutive growth (20% CAGR). Retail was down 42% due to ongoing COVID19 restrictions. The group enjoyed strong performances in […]
888 signals ‘return to normality’
888 trading statement The top line B2C revenues up 11% YoY to $247m, B2B down 13% to $10m, total revenue up 10% to $257m. Regulated markets now represent 74% of group revenues from 73% in prior year, with growth in UK, Italy and Spain among others helping to offset falls in Germany. Sport was the […]
Tabcorp opts for wagering split
Tabcorp strategic review Keeping tabs: Tabcorp has announced a major restructuring which would see the lottery and keno business demerged from the wagering and gaming services arm, creating two new listed vehicles. The demerger comes after the company completed a strategic review aimed at unlocking shareholder value, looking at all options including a sale of […]
Las Vegas Q2 preview
The beat goes on: Analysts are confident Las Vegas Q2 volumes will beat market expectations in the next few weeks. With May GGR on the Strip up 26.7% on May 2019 and up 35.6% MoM to $655.5m, analysts at Macquarie said their survey of Las Vegas operators pointed to “Q2 beats and continued momentum” for […]
SciGames sets up sportsbook sale or IPO
Scientific Games strategic review Open questions: The company has decided to divest its lottery and sports-betting businesses in order to rapidly shrink its long-term debt and zero in on a more gaming-focused entity. Each business will be either sold, separately listed via an IPO or using the SPAC route and the news immediately set the […]