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 […]
Rise of the middleweights
GIG’s acquisition of the sportsbook solutions provider Sportnco and NeoGames’ takeover of Aspire Global shows that medium-sized suppliers of online betting and gaming solutions are looking at different ways to expand. GIG’s $50m purchase of Sportnco ($27.3m paid in cash) provides it with a sportsbook solution that is well established and accustomed to highly regulated […]
Single Game Parlays and their importance to U.S. sportsbooks
Deutsche Bank has once again produced detailed research, this time on the impact of single game parlays on US online sports betting operators. The team at DB shows how SGPs are altering the interplay between handle, gross gaming revenues and the (higher) hold percentages operators are able to generate thanks to SGPs. The focus on […]
Inflation worries: the impact of promotions on handle and GGR
Are state revenues and hold figures for US online sports betting inaccurate and over-inflated? How does promotional spend, freebets mainly, but also odds boosts and rebates, really impact operators’ bottom lines? Wagers dives into the numbers. The topic has been much debated on social media and among industry executives, but with DraftKings CFO Jason Park […]
The market share squeeze
Wynn Resorts is the biggest name so far to suggest the marketing battle in US sports-betting is unsustainable, but earlier in the current results season, it was already evident that the pressure was telling. What Kindred and PointsBet had to say about their respective US businesses showed how the barrage of marketing witnessed since the […]