Winter is coming
This is what happens when an intense period of heavy marketing hits the top lines of the recipients of the largesse. If you wanted to make money out of the boom in US sports-betting – and the smaller boom in igaming – then being an affiliate is a good place to start. But in talking […]
Read MoreEndeavor adds OpenBet to its entourage
Scientific Games sells OpenBet to Endeavor The top line Endeavor will pay $1.2bn for the OpenBet sports-betting backend supply business. The deal consists of $1bn in cash and $200m in Endeavor stock The price represents c.10x FY21 revenues and an estimated 34x assumed FY21 EBITDA of ~$35m. U.S.-listed sports and entertainment group Endeavor owns data […]
Read MoreBetter Collective sets $100m US revenue target for 2022
Better Collective Q2 The top line Revenue hit €40m ($46.9m), up 162% YoY on a Covid-hit prior-year period and up 3% sequentially. EBITDA before special items rose 89.6% YoY to €12.7m but was down 3.8% QoQ. Publishing accounted for €26.1m of revenues (up 79% YoY) and paid media stood at €13.9m, with organic growth rate […]
Read MoreKing dethroned; IGT says no on digital M&A
BREAKING NEWS: King departs from FanDuel, Flutter US listing timeline lengthens Game of thrones: Flutter has announced the surprise departure of FanDuel CEO Matt King who is leaving for unspecified pastures new. The news will impact the hopes for a separate listing for FanDuel – the company said it would “affect the timing” without giving […]
Read MoreCaesars preps a sports reload
Caesars Entertainment The top line Net revenues at $1.7bn, 256% up YoY, 16% on same-store basis but net losses widened to $423m from $176m. Same-store adjusted EBITDA at $548m up 33.7%. Las Vegas same-store revenues were down 39.5% to $497m; regional gaming was flat on a same-store basis at $1.1bn. Managed, international and interactive was […]
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