Welcome to the latest edition of the WE+M podcast. This week, Scott and Jake discuss Entain’s move to snap up Netherland-facing BetCity for a potential €550m. Next, they turn their attention to Stake.com’s shirt sponsorship deal with the EPL’s Everton, perhaps the last such deal before the UK government intervenes imminently. Finally, they take a look at the current market turmoil and discuss how that has affected leading betting and gaming stocks.

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Further reading

Entain buys BetCity

Entain hopes to acquire Dutch operator BetCity for a total consideration of €550m, with an upfront payment of €300m.

UK government White Paper

The regulatory reforms likely to arise from the UK government’s White Paper on gambling are largely baked in by stakeholders. Still, the impact of measures like affordability checks or £2 stake limits on online slots could be far-reaching for UK companies that have US operations.

Stake.com/Everton

WE+M covers the news of the shirts sponsorship agreement.

The Sunday Times says the deal was “morally ambiguous and perverse”.

The Athletic says Everton “had to be pragmatic” after its ties with Uzbek billionaire Alisher Usmanov meant the loss of £20m in sponsorship agreements.

Markets turmoil

Crypto winter: Bitcoin tumble leaves the average buyer in the red.

Coinbase slashes 1,000 jobs; Celsius feels the heat.

On social

Yahoo Finance @YahooFinance

$TSLA CEO Elon Musk is expected to address $TWTR employees for the first time. “There seems to be a lot of nervousness, Twitter said they kind of pulled back on hiring because of this,” @DanielHowley says as the Twitter board is attempting to hold Musk to the original $44B deal.

June 16th 2022

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Contact us

• Scott Longley scott@clearconcisemedia.com

• Jake Pollard jake@openmediaservices.com