Beef of the quarter:<\/strong> Deutsche Bank vs. Dave Portnoy<\/strong> Plain-speaking CEO award<\/strong><\/p>\n Talking about the need for a temporary \u2018sprung\u2019 construction should it win its Illinois casino license bid, Full House CEO Daniel Lee<\/a> showed he was fully on top of the details: \u201cTurns out there is a company called Sprung Structures owned by a family whose last name is Sprung: who knew?\u201d<\/em><\/p><\/blockquote>\n Aspire Global CEO Tsachi Maimon\u2019s was notably candid on his company\u2019s Q3 call when he claimed that the US B2B market beyond the top brands – and notably among the tribal groups – would be very fruitful for Aspire because they \u201cdon\u2019t have a clue how to operate digital<\/a>.\u201d \u201cThe tribal casinos, tiers 2, 3 or 4, in a few years from now Aspire Global will be their biggest supplier,\u201d he added, perhaps rather hopefully. <\/em><\/p><\/blockquote>\n A reverse ferret to\u2026<\/strong><\/p>\n Incoming CEO at Wynn Resorts, Craig Billings<\/strong>, who called a halt<\/a> both to the merger transaction with Austerlitz Acquisition Corp.<\/strong> and the marketing spending spree. \u201cThe current combination of large-scale brand spend, performance marketing spend, and customer bonuses that we see in the marketplace does not drive unit economics that meet our return requirements,\u201d he said.<\/p>\n The overused analogy award<\/strong><\/p>\n The memorial CEO desk tidy award goes to:<\/strong><\/p>\n Richard Carter, CEO at Bragg Gaming<\/strong>, when the games provider released its results on November 8 showing revenues rising 9.9%. He was gone less than a week later<\/a>, when the company said its \u201ccontinued strong growth has yet to be reflected in the company’s public market performance, and the Board has determined that a search for a new CEO is required.\u201d<\/em><\/p>\n The \u2018surprise, surprise\u2019 regulatory hurdle of the quarter award:\u00a0<\/strong><\/p>\n Joint winners:<\/strong> the new regulatory regimes in Germany and Holland<\/a>. See the results from Catena Media, Better Collective, LeoVegas, Kindred et al.<\/p><\/blockquote>\n The wannabe Elon replica SpaceX rocket award goes to:\u00a0<\/strong><\/p>\n Jason \u2018it\u2019s not about the money\u2019<\/a> Robins at DraftKings for this tweet<\/a>.<\/p><\/blockquote>\n A Bugsy Malone \u2018you give a little love\u2019 splurge gun goes to:<\/strong><\/p>\n MGM boss Bill Hornbuckle<\/strong> who told analysts<\/a> “we want to be bigger, we want to be global, we want to be a lot of things.\u201d<\/p><\/blockquote>\n The misted-up crystal ball award goes to:<\/strong><\/p>\n Winner:<\/strong> Betsson<\/strong> which said the rule that the Dutch authorities approach towards providers \u201cwho do not actively target the Dutch market without a license but who do serve Dutch players\u201d was \u201ca novel rule\u201d<\/a> and was somehow an \u201dunforeseeable break with established policy\u201d.<\/p>\n A Grandpa Simpson perpetual GIF NFT:<\/strong><\/p>\n Not unrelated, perhaps, this gong goes to Pontus Lindwall, CEO at Betsson<\/strong>, then not CEO at Betsson, now once again CEO at Betsson.<\/em><\/p><\/blockquote>\n \u2018Pretty In Pink\u2019 soundtrack LP winner:<\/strong><\/p>\n Jack Davison, the CCO at Genius Sports<\/strong> who gave off strong \u2018not that into her\u2019 vibes with his comment about losing out to Sportradar on the NBA exclusive data deal. \u201cWe (would have been) thrilled to have the NBA as part of our portfolio that hasn\u2019t happened, but it\u2019s also true that our betting revenues for the NBA at the moment are extremely limited. And so the impact of not winning that deal on our business is very, very small at this point.\u201d<\/p>\n The<\/strong> inaugural Golden Alarm Clock award goes to:<\/strong><\/p>\n Joe Stauff<\/strong>, who took one for the team at Susquehanna<\/strong> and got on the Oct 12 earnings call with Entain at 4am EST. He asked a question about UK takeover rules and, after being congratulated for getting up so early by Entain CEO Jette Nygaard-Andersen, got the reply \u201cwe are really not going to talk about the DraftKings proposal.\u201d Nothing to see here, Joe, nothing to see here.<\/p><\/blockquote>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The beats, beefs and boasts of Q3 Beef of the quarter: Deutsche Bank vs. Dave Portnoy As if Dave Portnoy didn\u2019t have enough to worry about this past quarter, he also found himself the subject of an ad hominem attack via a Deutsche Bank analyst note. Wrote the DB team: \u201cAt present, we believe Penn, […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[785,630,610,786,677,784,711,787,789,745,592,783,788,18],"class_list":["post-2333","post","type-post","status-publish","format-standard","hentry","category-news","tag-american-affiliate","tag-aspire-global","tag-betsson","tag-betting-hero","tag-bragg-gaming","tag-disney","tag-evolution","tag-fansunite","tag-full-house","tag-genius-sports","tag-mgm","tag-rivalry","tag-susquehanna","tag-wynn-resorts"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/2333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=2333"}],"version-history":[{"count":1,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/2333\/revisions"}],"predecessor-version":[{"id":2335,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/2333\/revisions\/2335"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=2333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=2333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=2333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAs if Dave Portnoy didn\u2019t have enough to worry about this past quarter, he also found himself the subject of an ad hominem attack via a Deutsche Bank analyst note<\/a>. Wrote the DB team: \u201cAt present, we believe Penn, the Company we covered since 2011, and recommended as a Buy from 2011 through January of 2020, is just a sideshow, a sideshow to a wildly volatile, incredibly libelous, and misleading social media frontman.\u201d The DB team and Portnoy have form; previously the Barstool head honcho posted highly contentious comments in June 2020<\/a> after the analysts slapped a Sell recommendation on Penn National\u2019s shares. The irony was probably lost on Portnoy\u2019s social media defenders<\/a>, but the new change in recommendation was technically an upgrade from a Sell to a Hold.<\/p>\n\n
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Also available today on Earnings + Wagers:<\/h3>\n
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