Jan 13 2025
Gaming
Recent Research
Entain, Good Q3 performance
Oct 17 2024
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Entain
BetMGM guide reiterated
Entain released a brief RNS this morning reiterating its 2024 guidance. For BetMGM, it re-confirmed its expectations of losses being at similar levels in H2 as H1 despite customer friendly...
Flutter Entertainment plc
US sports results impact FY24
Flutter Entertainment has released an update highlighting that very adverse sports results in November and December impacted revenue by $390m and aEBITDA by $260m. Post mitigation,...
Flutter Entertainment plc
Growth underpinned by scale effects
Flutter Entertainment is proving out the competitive advantages of being the scale global B2C operator. In a sector where scale is key, its podium positions in several of the world’s...
Entain
Civil proceedings taken for AML and CTF issues in Australia
Entain (ENT) has released a statement relating to the Australian Transaction Reports and Analysis Centre (AUSTRAC) confirming that it has commenced civil penalty proceedings in the...
Flutter Entertainment plc
Excellent quarter – hitting all its straps
Flutter has produced another exceptional quarter with group revenue up 27% and aEBITDA +74% year-on-year (yoy), representing a good beat to our aEBITDA forecast. The US...
DraftKings
Broadly in line Q3, but NFL results impact the FY guide
DraftKings reported Q3 revenue up 39% year-on-year (yoy) to $1.095bn, driven by online sports book gross gaming revenue (GGR) growth of 39% and iGaming GGR growth of 26% yoy. The...
Entain
Good Q3 performance
Entain updated on trading this morning. Underlying growth in the quarter in the key Online division was good with improving trends, as had been partly flagged in early September. All the...
Flutter Entertainment plc
Compelling growth and capital returns
Flutter Entertainment has issued a release ahead of its Capital Markets Day (CMD) later today. This references the group’s considerable global market opportunity ($370bn) and the...
Flutter Entertainment plc
To acquire Snaitech in Italy – delivers another gold medal position
Flutter has this morning confirmed that it has reached an agreement to purchase Italy’s third-largest online B2C business, Snai, for €2.3bn/$2.56bn. When combined with Flutter’s existing...
Flutter Entertainment plc
Brazil acquisition provides another podium position
Flutter Entertainment has this morning announced that it will acquire a 56% stake in NSX Group, a leading Brazilian operator, with an option to increase its holding in year 5 and year 10....
