EKG: Kindred, Fanatics, RSI, Disney among potential Kambi buyers
Summary: Kindred, Fanatics, Rush Street Interactive, Disney/ESPN, and Aristocrat are among the most likely candidates to acquire Kambi, according to Eilers & Krejcik Gaming. The latest EKG Line newsletter named those companies and others as potential suitors for Kambi in what would be a high-impact sale in the legal online gambling industry. Why it matters: […]
Sports betting drives NBA sponsorship revenue growth
Summary: NBA franchises cleared $1.2 billion in sponsorship revenues during the 2020-21 season,, bolstered by sports betting spending. SponsorUnited’s NBA 2021-22 Marketing & Partnerships Annual Report announced that NBA sponsorship revenues were up 50% year-over-year. Why it matters: According to the SponsorUnited report – “Revenue was driven by a significant increase in spending across the […]
Purdum on Nevada sports betting revenue in April
@DavidPurdum: Nevada sportsbooks won a net $25.4 million in April, a slight decrease from April 2021.
Gray market slots company goes big on Missouri PAC donations
Summary: Torch Electronics, which operates gray market slots in Missouri, donated $250,000 to a group of PACs tied to company lobbyist Steve Tilley. Missouri laws don’t allow affiliated PACs to accept combined donations over the cap that would apply to a single PAC. Why it matters: Critics of Torch Electronics contend that the donations to […]
VIXIO survey: High tax rates most likely to impede OSB growth
Summary: Gaming executives believe that high tax rates and licensing fees are the biggest potential roadblock for sports betting growth. According to VIXIO’s U.S. Sports Betting Regulatory Survey, 21.1% of respondents chose inflated state taxes and license prices as the issue “most likely to impede growth” in the U.S. sports betting industry. Why it matters: […]