NY nine get to make it there
The New York nine Winners: DraftKings, FanDuel, BetMGM, Bally Bet, Caesars, Rush Street Interactive, WynnBet, PointsBet, Resorts World Losers: Penn National Gaming/Barstool, Fox Bet, Fanatics Just a New York conversation: The nine winners of the New York bidding process were quick to celebrate their newly-won right to hand over a lot of tax money to […]
GAN: Operators ‘underestimate’ tech stack challenge
The top line As prefigured in the Q2 pre-announcement, GGR was up 24% QoQ to $34.6m with strong B2C (Coolbet) growth (up 68% to $24m) in Latin America and Europe. B2B was down c$3.5m QoQ to $10.6m. Adjusted EBITDA rose 171% to $4.6m vs. $1.7m in Q1. Net losses were trimmed QoQ to $2.7m vs. […]
Las Vegas Summer forecast
Crosstown traffic: Las Vegas demand and visitation numbers look set to continue rising this Summer, with Deutsche Bank this week saying visitor traffic numbers on the Strip for June were improving. Despite being down 27% vs. Jun19, that was an improvement on the 38% drop in April and 32% drop in May compared with the […]
King dethroned; IGT says no on digital M&A
BREAKING NEWS: King departs from FanDuel, Flutter US listing timeline lengthens Game of thrones: Flutter has announced the surprise departure of FanDuel CEO Matt King who is leaving for unspecified pastures new. The news will impact the hopes for a separate listing for FanDuel – the company said it would “affect the timing” without giving […]