Exit OSB euphoria, pursued by a bear
Now we know what a bear market feels like once again. The falls suffered across the wider market on Friday and then again on Monday are a reminder that all bull markets – eventually – come to an end. All things must pass, even irrational exuberance. Or should that be, especially irrational exuberance? The financial […]
Entain to bet on Baltic booster?
Entain Olympic bid Feeling Baltic: Entain is reported to have made a $1bn bid to buy elements of Estonian-based betting and gaming operator Olympic Entertainment Group. The Bloomberg story suggests the bid is all cash. Olympic is owned by collapsed London-based private equity group Novalpina Capital. A bid for Olympic would represent a doubling-up of […]
Sportradar nets NBA 10-year deal
Sportradar Q3 The top line Revenue up 30% YoY to $158.7m (€136.8m) and adj. EBITDA up 21% to $24.2m (€20.9m). During the period, Sportradar completed its Nasdaq listing raising $546m. FY21 revenues expected at between $641-644m, adj. EBITDA at $115.4-117.7m. US revenues up 119% to €19.6m, RoW betting up 24% to €78.6m and RoW AV […]
Flutter: competitive US situation easing off
Flutter Q3 trading statement The top line Revenue up 9% YoY (12% up in constant currency); sports revenue up 13% and gaming up 1%. US revenue up 85% YoY, Australia up 20% but UK & Ireland down 5% and international down 3% (but up 6% ex-Germany). The company blamed sporting results and a £10m hit […]
Broadcast News
The magnificent seven: The news that BetMGM, FOX Bet, PointsBet and WynnBet joining Caesars Entertainment, DraftKings and FanDuel as official NFL sports-betting partners inevitably means the upcoming season is likely to be accompanied by a soundtrack of incessant betting advertising campaigns. Certainly, if sports-betting follows the DFS playbook from 2015 then the possibility of avoiding […]