As Ontario goes live with sports betting, market dynamics and regulation will dominate
Ontario’s regulation of online sports betting and casino is another major milestone for the North American industry and it will be interesting to see how the market dynamics will apply in a province that has had grey market activity for many years. From a regulatory perspective the Alcohol and Gaming Commission of Ontario will also […]
Read MoreNew York moves show sector in flux
The launch of PointsBet’s New York offering this week, hot on the heels of BetMGM, means we now have six of the nine possible operators live in the Empire State with the seventh, WynnBet, set to go live before the Super Bowl. But going by the comments from Bally chairman Soo Kim last month, the chances […]
Read MorePenn National Gaming analyst reaction
Portnoy complaint: Initial reaction to Penn National Gaming’s missed Q3 forecasts yesterday afternoon was quickly overtaken by a Business Insider article about Barstool Sports founder Dave Portnoy’s alleged treatment of women. Portnoy denied the allegations and followed up with a nine-minute video on Twitter in which he questioned Insider’s motives. PNG shares dropped 9% when […]
Read MoreCaesars readies for full digital assault
Caesars Entertainment Q3 The top line Net revenues of $2.7bn vs. $1.4bn Q321, net loss of $233m vs. -$926m YoY. Caesars Digital net revenues of $96m ($221m YTD), EBITDA loss of $164m ($171m YTD). LV net revenues $1.017bn, up 234% YoY $304m; adj. EBITDA of $500m up 44% vs. Q319; regionals $1.54bn vs $1bn Q320, […]
Read MoreCatena buy i15 Media
On tick: Catena Media has moved once more to bolster its US presence via the acquisition of the online betting and casino sites of i15 Media for $45m, with $12.5m paid on closing and the rest – including $12.5m of new Catena shares – paid in instalments. Among the portfolio of more than 100 sites […]
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