DraftKings, Caesars not approved for Ontario launch date
Summary: Two major online gambling brands, DraftKings and Caesars, aren’t on the list of operators approved for launch in Ontario on Monday. A total of 16 operators have been approved by the Alcohol and Gaming Commission of Ontario, with DraftKings and Caesars noticeably absent from that list. Why it matters: Without approval and licensing from […]
Minnesota sports betting bill advances again
Summary: Minnesota lawmakers Thursday advanced an online sports betting bill to the House Ways & Means committee, its most important step yet in a long legislative journey. Why it matters: The Ways & Means committee helps direct the legislature’s spending and is one of the most powerful and important stops in the legislative process; a […]
Butler on Caesars in Kansas
@ButlerBets: If Kansas legalizes online sports betting, Caesars has a market access deal through Kansas Crossing Casino, $CZR officials confirmed with @WagersUSA
GAN needs to define reasons for long term success, says Jefferies
Summary: Analysts at Jefferies say GAN’s below par Q421 results mean the group faces big challenges and must focus on delivering on long term growth. Why it matters: Jefferies said GAN “bears the greatest challenges” of the B2B providers working in the OSB and icasino space and its corporate mix is made more confusing by […]
Jefferies analyst David Katz on GAN being a potential acquisition M&A target
Jefferies analyst David Katz on GAN being a potential acquisition M&A target “We believe there is some value in the technological capability within GAN’s B2B business, especially in-light of recent transaction in the space at >30x 2021 EBITDA, and some growth in the CoolBet B2C enterprise that bears value that could be captured in the […]