Nevada sees sports betting revenue gains in March

Summary: Nevada sportsbooks took $862.8 million in bets in March, as the NCAA Men’s Basketball Championship spurred month-to-month handle gains. Why it matters: Mobile sports betting apps produced $576.6 million in bets, accounting for just under 67% of overall betting handle for March.March 2022 handle represents a 34.6% year-over-year gain against March 2021. Online handle […]

GAN Q1 earnings call with analysts May 16

📅 May 16, 2022 – 1:30 PM (PDT) – GAN’s Q1 earnings call with analystsGoogleiCalSource: GAN IR releaseWhat to watch for When GAN acquired Coolbet in January 2021, it was presumed to be a bolt-on deal that would add sports betting capability to GAN’s B2B offering. In the intervening year, however, Coolbet has come to […]

MGM gets LeoVegas vote of confidence from analysts

Summary: Ahead of its own earnings after market close, MGM Resorts International has received plenty of upbeat assessments from the analyst community regarding its $607m offer for Stockholm-listed LeoVegas. Why it matters: The extension of MGM’s online strategy to owning its own, largely European-facing, gaming and betting operator has long been anticipated even if the […]

Kambi, Kindred and Betsson all in play

@maybebullish: MGM buying Swedish iGaming player LeoVegas at bigtime premium. Swedish online gambling names still trading at meaningful discounts versus U.S.Kindred, Betsson, Kambi all in play now?