Exit OSB euphoria, pursued by a bear
Now we know what a bear market feels like once again. The falls suffered across the wider market on Friday and then again on Monday are a reminder that all bull markets – eventually – come to an end. All things must pass, even irrational exuberance. Or should that be, especially irrational exuberance? The financial […]
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 […]
FanDuel outpaces Fox at Flutter
Flutter trading update The top line Revenue up 33% in constant currency terms, sports up 41%, gaming up 22%. UK & Ireland up 35%, Australia up 59%, international up 7% and US up 135%, maintaining number 1 position in the market. Note, this was without almost any land-based contribution as the shops in the UK […]