Jun 21 2022
Gaming
Recent Research
Entain, Announces acquisition of BetCity
Jun 14 2022
Entain, Q1 performance as expected
Apr 7 2022
Gaming
NSW follows Queensland in increasing gambling taxes
As part of the New South Wales (NSW) state budget, it was announced overnight that there will be an increase in the point of consumption tax (POCT) from 10% to 15%. It follows the...
Entain
Announces acquisition of BetCity
The acquisition of BetCity alters Entain’s position in the Dutch market. While its own brands are unlikely to re-enter the Netherlands until later this year, it will now also own a leading...
Entain
BetMGM re-emphasises its path to profitability
Given the current market focus on paths to profitability in the sector, it is of significant note that BetMGM has re-emphasised its guidance of reaching positive EBITDA during 2023....
DraftKings
Better-than-expected start to challenging year
DraftKings’ Q1 EBITDA loss is better than both guidance and consensus expectations. It means it has navigated the first quarter of a challenging year on a modestly better trajectory...
Flutter Entertainment
Q1 performance along expected lines
Flutter Entertainment’s (Flutter) Q1 performance reflects its enviable position in the all-important US market but also the challenging regulatory and trading environment it must...
Flutter Entertainment
Sitting down with FanDuel CEO Amy Howe
On Wednesday April 20th, Davy Gaming hosted a virtual fireside event with FanDuel Chief Executive Officer Amy Howe. As part of the session, Amy set out the medium-term opportunity for...
Entain
Q1 performance as expected
At the beginning of a challenging year for the sector, Entain’s Q1 trading is consistent with its previously indicated quarterly revenue growth cadence. Net revenues declined by 8% as...
Flutter Entertainment
Key take-aways from CFO breakfast briefing
Flutter Entertainment hosted an informal sell-side Q&A session with Chief Financial Officer (CFO) Jonathan Hill this morning (March 30th). Through a period of significant change for the...
Flutter Entertainment
Adjusting estimates
The adjustment to our Flutter estimates is consistent with our initial thoughts at the time of its recent preliminary results statement. We reduce our 2022F and 2023F EBITDA by 6% and...
DraftKings
Upgrading its long-term targets
DraftKings’ investor event, which was rich in detail, will take some time to digest. Its upgraded targets are a reiteration of its prior long-term profit framework, with material unit...
