Earnings+More - Bet365 taking US share
Bet365 taking US shareBet365 on the march, DraftKings profit prediction, Betfred’s 2022 bounce, Gambling.com and Genius Sports analyst takes +More
Good morning. On today’s agenda:
You gotta turn it on and then you gotta put it out. Raiding partyBet365 is taking US market share but at a cost of heavy promos. Stoked: The analysts at JMP say that download data for June showed a notable increase for bet365 with 8% share, holding on to a mid-single digit share in the YTD.
Keeping up with the Joneses: Analysts at EKG, meanwhile, have pointed out bet365 is achieving the highest hold in Ohio at 18.5%, 100 bps ahead of FanDuel. “The lofty hold rate suggests bet365 is enjoying some success with its same-game parlay product,” the team said.
Promo slomo: JMP also noted that the seasonal sporting lull has given operators an opportunity to cut back on promos. The team said March, April and May promos as a percentage of GGR were 26% to 28%, which equates to “levels comparable to mature markets”.
** SPONSOR’S MESSAGE ** Existing sports-betting technology and services can be built better for operators. At Metric we’re changing the game by doing things differently, so our customers can too. Inspired to solve the problems and surpass the limitations of existing systems, we’ve employed modern technology and processes to build a ground-breaking sportsbook solution that can handle the needs of any modern operator – whatever they are. Contact us to find out more. Inflection projectionsDraftKings could post its first-ever profit in Q2, according to analysts. Profits ahoy: In a note covering stocks that are reaching inflection points, the team at Jefferies said the forthcoming Q2 earnings should reflect “approximately break-even EBITDA”, but with some bulls on the stock expecting meaningful profits for the first time in DraftKings’ history.
🚀 DraftKings increasing OSB market share New York datalinesFly in the ointment: Having established itself a leading position by handle in New York through June, DraftKings has once more ceded top spot to rival FanDuel in the week to July 2.
’Fred againThere is life yet in Betfred’s UK retail betting estate. Actual life: Betfred’s UK betting shop estate of 1,400+ outlets bounced back strongly from the pandemic, according to its latest annual results released to Companies House. GGR for the business as a whole in the year to Sep22 was up 38% to £723m, while EBITDA soared 46% to £68m.
Analyst takesGamblimg.com: While the affiliate space remains fragmented, the analysts at Macquarie said Gambling.com has the combo of “unique offering, media assets and partnerships”. In initiating coverage, the team is forecasting three-year revenue and EBITDA CAGR of 22% and 32% respectively, outpacing projections for B2B suppliers and other adtech entities.
Genius Sports: The 25% share price rise following the announcement of the extension of Genius Sports’ deal with the NFL demonstrated the extent to which a renewal had weighed on the minds of investors, suggested analysts at B Riley.
The week aheadToday in Compliance+More, the latest edition of Career Paths asks experts in the field of public affairs what are the rewards and how is success measured in one of the most important roles within any gambling business.
Calendar
** SPONSOR’S MESSAGE ** Tried, tested and proven over a decade in the highly-regulated US market, and continuing to expand across Europe, Latin America, Asia and Africa. GeoComply harnesses the power of its market-leading geolocation technology to protect against fraud, including fake account creations, bonus abuse, account takeovers, stolen identities, money laundering, and more. Visit geocomply.com. Startup focus – SoBetFounded in 2022 by Cooper Lycan as a sports-betting media platform for next-gen sports bettors, SoBet hosts short-form betting content that is “fit for the social age” by leveraging content from influencers and creators” Funding backgrounder: The company closed a pre-seed funding round in June 2022 of over $1m and is in the process of closing another funding round this summer. Time is right: The growing fragmentation of the social media landscape presents two big opportunities: potential new gamblers and demand from SoBet’s target demographic of older Gen-Zs and younger millennials.
Feeling fresh: The response from the industry has been “extremely encouraging”, he says, with traditional operators as well as ticket companies and leagues having reached out. “This is a great proof of concept,” he adds.
Career pathsLight & Wonder: The departure of CFO Connie James has added “an element of uncertainty” to the group’s shares, according to the Jefferies team. James has played a key role in the group’s restructure over the past 24 months and news of her leaving has come as the group upped its 2025 EBITDA guidance to $1.4bn.
NeoGames has appointed Steve Capp as a non-executive director and chair of the audit committee, meaning the company is now in compliance with Nasdaq listing rules. GeoComply has announced the appointment of two seasoned executives to its leadership team. Lindsey Drake has been appointed as CFO and Kelly Schaefer joins as chief human resources officer. Shai Tabibian is stepping down as 888’s senior VP and head of B2C. The Malta-based gaming operator Rootz has appointed Sam Brown as CEO. ** SPONSOR’S MESSAGE ** BettingJobs is the global leading recruitment solutions provider to the iGaming, Sports Betting and Lotteries sectors. Boasting a 20-year track record supporting the iGaming industry, and with a team of experts and world class knowledge, it’s no surprise BettingJobs is experiencing rapid growth with outstanding results. Does your company have plans to expand teams to cope with strong growth and demand? Contact BettingJobs.com today where their dedicated team members will help you find exactly what you are looking for. NewslinesThe 2023 World Series of Poker Main Event has broken attendance records with over 10,034 entrants, beating the 2006 record of 8,773. The Oakland A’s may be able to access more land for its $1.5bn stadium if needed, according to Bally’s chair Soo Kim. Kim told the Las Vegas Review-Journal there are four acres of shared space that might be reallocated. Merkur Casino has announced the opening of its first UK-casino in Aberdeen. An +More Media publication. For sponsorship inquiries email scott@andmore.media. |
Older messages
Hard Rock Florida restart in the balance
Friday, July 7, 2023
Hard Rock's choices, William Hill figures, Better Collective and EveryMatrix M&A, GM and MeridianBet merger terms +More
Betr tidings lift funding figures
Monday, July 3, 2023
Second quarter funding review, a guide to bootstrapping, inside the raise – PayNearMe +More
PointsBet US sale gets the go-ahead
Friday, June 30, 2023
Fanatics Betting & Gaming buyout waved through, streamer Kick is the subject of sector watch, Nevada's tough comps +More
PointsBet accepts improved $225m bid from Fanatics
Wednesday, June 28, 2023
M&A extra: PointsBet accepts new offer from Fanatics, DraftKings pulls out of the race, betr fundraise
DraftKings gains ground
Tuesday, June 27, 2023
DraftKings makes market share gains in May, overround analysis looks at what the bookies are doing in the off-season, plus recession rumblings +More
You Might Also Like
🤯 Get your business up and running faster with AI
Tuesday, March 18, 2025
Discover the AI tools you should start using. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Only 3 spots!
Tuesday, March 18, 2025
Agency owners have been asking for this for a long time ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
$164,449 In 15 Days (His side-income SECRET)
Tuesday, March 18, 2025
5-step action-plan to build a brand-new "side-income" View in browser ClickBank Hi there, This Friday (21st March) a top ClickBank client is running an online Strategy Lab where he'll
Canadian Ecom Seller? A New Course Just for You
Tuesday, March 18, 2025
How independent agencies are staying ahead of the curve
Tuesday, March 18, 2025
Elevating growth amid surging demand for digital media
It's time to bet on emerging platforms
Tuesday, March 18, 2025
Tips to keep your brand adaptable and embrace change ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Elon vs. Sora
Tuesday, March 18, 2025
Google's Veo 2 is in the race too!
The secret to CTAs that convert
Tuesday, March 18, 2025
Your call-to-action (CTA) is the final push that turns visitors into customers. But if it's weak, unclear, or generic, you're leaving money on the table. The best CTAs don't just say “Buy
ET: March 18th 2025
Tuesday, March 18, 2025
Exploding Topics Logo Presented by: Exploding Topics Pro Logo Here's this week's list of rapidly trending topics, insights and analysis. Topic #1 A Pup Above (trends) Chart A Pup Above is a
Newsletters are Dying... But Yours Doesn’t Have To.
Tuesday, March 18, 2025
The 5-Minute Hack to Save Your Dying Newsletter.