Pod #18

You spin me right right, baby, right round.

Earnings+More

Oct 6

SAVE

Good morning. On the pod this week, Scott and Jake provide some insights into the quarterly fundraising stats from the Startup Month released earlier this week which showed over $115m was raised by companies in and around the betting and gaming sector.

Also up for discussion is what looks like the doomed ballot efforts in California, the recent M&A in the streaming sector which saw DAZN snap up rival Eleven and other is a look back to the recent SBC Summit in Barcelona and iGaming Next in Malta as well as a look ahead to next week’s G2E.

Then you find you're back in Vegas with a handle in your hand.

In this month’s issue, we provide a roundup of fundraising for companies in the betting and gaming sector during the third quarter. We also take a look at the current debate in the startup sector over whether companies are default alive or default dead and we have a startup (re)focus on Sporttrade which recently launched in New Jersey.

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DAZN Brings Rival Streamer Eleven Sports Onside - VideoWeek

DAZN-Eleven Sports

Full squad: Could DAZN be gearing up for a listing following its buyout of Eleven Sports?

DAZN CEO Shay Segev spoke at the SBC Summit in Barcelona about the company’s designs on betting.

Coming up in tomorrow’s Weekend Edition

Both propositions for sports betting in California look to be dead in the water.
Activist investor Engine Capital calls for Light & Wonder to clarify its SciPlay investment by either buying the rest of the share it doesn’t own or sell up entirely.
Caesars Entertainment refinances $3bn of its debt and, says Deutsche Bank, “simplifies its capital structure”.
Deutsche Bank initiates on Bally Corporation with a Hold rating while JMP maintains an Outperform rating on Flutter.
Kambi and Penn Entertainment reach an agreement on the smooth migration of Barstool Sportsbook set for Q323.
Everi buys guest engagement and mcommerce platform for the sports, entertainment and hospitality industries Venuetize.