Canada sports betting webcast provides contrasting perspectives on B2B and B2C strategies
The webinar hosted by the Canadian financial services firm TMX on the prospects for regulated sports betting in the US and Ontario highlighted key differences in perspectives between B2B and B2C firms in the space. The panelists were all optimistic about their prospects and this would not have come as a surprise, TMX is linked […]
Online M&A: LVS happy to play a waiting game
Las Vegas Sands is planning to enter the online gambling space via M&A, but it is in no rush to get the check book out. Las Vegas Sands’ Q4 earnings provided minimal certainty on when the group will reopen its Macau and Singapore casino strongholds, but for those following the online sports betting industry, there […]
Florida sports betting ballot measure ‘doomed,’ consultant says
The DraftKings and FanDuel-backed Florida Education Champions (FEC) initiative has spent $35 million trying to get its question on the ballot but is running short of time. As of a Tuesday, the FEC petition had reached just over 427,000 verified signatures. It needs 891,589 to not just be submitted but verified by the end of this […]
Las Vegas Sands: desperately seeking visibility
Las Vegas Sands Q321 The top line Revenue rose 92.2% YoY to $857m while adjusted EBITDA came in at $47m vs. a loss of $163m in Q320. As of the end of September LVS had $1.64bn of cash on its balance sheet and access to $3.93bn of available credit. The shape of a pear: On […]
Bettson boardroom rupture
Blood on the carpet: A week after Betsson was announced that CEO Pontus Lindwall had “completed his assignment” and that the company had embarked on a search for his replacement, it announced yesterday the resignation of chairman Patrick Svensk with immediate effect after the company’s major shareholders said they “no longer had confidence” in him. […]