The Wagers E+M Golden Alarm Clock Awards
The beats, beefs and boasts of Q3 Beef of the quarter: Deutsche Bank vs. Dave Portnoy As if Dave Portnoy didn’t have enough to worry about this past quarter, he also found himself the subject of an ad hominem attack via a Deutsche Bank analyst note. Wrote the DB team: “At present, we believe Penn, […]
Betsson chafes at regulatory questions
Betsson Q3 The top line Revenue was up 3% to SEK1.73bn while EBITDA was flat at €418.5m. Casino decreased 2% to SEK1.28bn but sportsbook rose 24% to SEK435.7m helped by sportsbook margin which increased 900 bps to 7.9%. Average daily revenues in Q4 were down 17.6% YoY (12.9% constant currency) with sportsbook margins at an […]
LVS hopes for $6bn-plus Asian rebound
Las Vegas Sands The top line Net revenue came in at $1.17bn compared to $62m in the Covid-hit prior-year period. Operating losses were trimmed to $139m vs. $757m in Q220. Consolidated EBITDA came in at $244m, flat QoQ but less than a quarter of the $1.11bn in Q219. Macau operation adjusted property EBITDA contributed $132m, […]
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 […]
FanDuel outpaces Fox at Flutter
Flutter trading update The top line Revenue up 33% in constant currency terms, sports up 41%, gaming up 22%. UK & Ireland up 35%, Australia up 59%, international up 7% and US up 135%, maintaining number 1 position in the market. Note, this was without almost any land-based contribution as the shops in the UK […]