RSI builds on Q3 momentum

By Jake Pollard  |  November 11, 2021

Rush Street Interactive Q3s Revenue up 57% YoY to $123m, net loss $18.9m vs. $26.5m, AEBITDA loss $12.2m vs. $1m. Advertising and marketing costs rose to $45.4m (37% of revenue) vs. $17.5m, MAUs up 26% (undisclosed number), ARPMAU $380. FY guidance raised to $480- $500m from $465-$495m, 76% YoY growth at midpoint range. RSI has […]

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DraftKings M&A depends on crumbling share price

By Scott Longley  |  October 21, 2021

Ask yourself a question: would you buy shares in DraftKings right now? This is the question that is central to the company’s M&A efforts and the answer is far from clear cut. Tear yourselves away from G2E for a minute and direct your attention to the recent news about Zoom and its merger bid for […]

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Entain silent on DraftKings bid

By Jake Pollard  |  October 12, 2021

The top line NGR up 4% (+6% constant currency), with online up 10% (18% ex-Germany) and retail up 1%. Online driven by strong sports-betting margins of 12.8%. BetMGM delivered 26% sports-betting and igaming market share across states in which it operates and 32% igaming share. FY21 EBITDA expected to be in line with previous guidance […]

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Playtech sets sights on South and North America

By Jake Pollard  |  September 23, 2021

The top line – H1  Revenues were down 4% YoY to €457.4m, AEBITDA was up 14% on constant currency to €124.1m and adjusted post-tax profits were up 1460% to €54.6m. Retail closures in Italy were offset by 95% revenue growth to €123.4m and 118% EBITDA growth to €51.6m for Snaitech. On the B2B front revenues […]

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