The coming sports-betting disruption from Fanatics and beyond
With Fanatics now apparently having chosen its entry route into sports-betting in North America – or at least settled on a name – and with DAZN having announced its plans for the same and rumors swirling about Disney and ESPN, there is set to be a lot more new entrants into the sports-betting space in […]
The pitfalls of going it alone on tech
The news last week that Fanatics had passed on buying its way into the sports-betting market via an acquisition of PointsBet and was now focused on building its own operation fits a pattern when it comes to how operators often view the issue of ‘owning the tech’. We start with the unlikely-in-this-context historical figure of […]
Penn National Q2 pre-announcement
The top line Revenues for the three months to June will range between $1.45bn-$1.55bn while adjusted EBITDAR will be between $540m-$580m. At the midpoint for each they represent growth of 18% and 25% respectively and an adjusted EBITDAR margin improvement of 220bps. Compared to Q219 the company expects revenue, Adjusted EBITDAR and Adjusted EBITDAR margin […]