Penn National Q2 pre-announcement
The top line Revenues for the three months to June will range between $1.45bn-$1.55bn while adjusted EBITDAR will be between $540m-$580m. At the midpoint for each they represent growth of 18% and 25% respectively and an adjusted EBITDAR margin improvement of 220bps. Compared to Q219 the company expects revenue, Adjusted EBITDAR and Adjusted EBITDAR margin […]
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 […]