Sep 27 2023
Gaming
Recent Research
Entain, Weaker Q3 trading
Sep 25 2023
Flutter Entertainment, Duel in the crown
Aug 14 2023
Meet your Gaming Research team
Entain
Weaker Q3 trading
Entain updated on trading this morning, highlighting weaker top- line growth but reiterating full year EBITDA guidance. It now expects overall Q3 online net gaming revenue (NGR) growth...
DraftKings
Loss guidance narrows, good revenue growth
DraftKings reported Q2 results last night (August 3rd). It produced strong revenue growth in the quarter and has again upgraded guidance for FY revenue and profits. It has improved...
Entain
Evidence of higher underlying growth will be key
Entain will report H1 results on August 10th. It has had a busy H1, with four deals and an 8% equity issuance. The key consideration will be rhetoric around prospective underlying growth...
Flutter Entertainment
Loss making Fox Bet to close
Flutter and Fox Corporation this morning announced that the Fox Bet platform will close on a phased basis between July 31st and August 31st 2023. Fox Corp will take the Fox Bet brand...
Entain
Acquires STS in Poland with associated £600m placing
Entain has announced that its Entain CEE joint venture is launching an offer to acquire the leading sports-betting operator in Poland, STS Holdings, for a total consideration of £750m...
Entain
Provides further detail on recent deals
Entain released further information on its acquisition of 365scores and its strategic partnership with Tab New Zealand (Tab NZ) including presentations from management. Combined, the...
DraftKings
Increases guidance range
DraftKings has reported a Q1 update confirming strong growth in the US market. Revenue and EBITDA were ahead of consensus expectations and the group has upgraded its revenue and...
Flutter Entertainment
Q1 gives further conviction in growth opportunity
Flutter’s Q1 update further encourages that 2023 will be a transformative year. The UK&I and International businesses both exhibited strong growth rates and have clearly inflected. US...
Gaming
UK Gambling Act Review – a balanced approach
The UK government has released its long-awaited White Paper review of the Gambling Act. At a high level, the outcome looks to be reasonable, with the proposals moving largely in step...
Flutter Entertainment
FY23 the inflection year
There were several key positives from Flutter’s FY22 results, including: an improved performance in the UK&I; further evidence that International has turned a corner; and the...
