RSI builds on Q3 momentum
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 […]
Read More‘Thanks but no thanks’: DraftKings pulls the plug on Entain bid
The wonder, perhaps, with the news that DraftKings has pulled the plug on its bid for Entain is why it took so long. “After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time,” the company said in a statement. Having received an extension […]
Read MoreDraftKings M&A depends on crumbling share price
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 […]
Read MoreEntain silent on DraftKings bid
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 […]
Read MorePlaytech sets sights on South and North America
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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