‘Private Jette’ – is Entain ready to drop the pilot?
‘Private Jette’ – is Entain ready to drop the pilot?Entain disquiet, DAZN fund raise, Penn’s New York needs, analyst takes, startup focus – Odditt +More
Climb on the back and we'll go for a ride in the sky. Entain disquietInsider briefings are “devastating" for the future of the CEO. This one for the sunseekers: Entain is sure to face more pressure from restive shareholders after what one source termed a “brutal” article in the FT late last week, which depicted a company having lost its way amid allegations of excessive use of private jets by management. Now is the winter of our discount tents: The article suggested the £615m resolution of the deferred prosecution agreement (DPA) with the UK’s tax authorities had failed to relieve the pressure for change at the top as it cited sources from both within and without indicating discontent over the leadership of CEO Jette Nygaard-Andersen.
Get active: The comments echoed criticism from activist shareholder Eminence Capital in the summer, which expressed “outrage” over the £750m bid for Polish bookmaker STS. More recently, two more activist hedge funds – Sachem Head Capital Management and Dendur Capital – similarly expressed concern over the performance of the company. Cookie crumbs in the Rolls: They are unlikely to be appeased by the detail within the FT piece. The report suggested that during the pandemic Nygaard-Andersen and chair Barry Gibson used private jets for board meetings in Gibraltar, but added that since then Nygaard-Andersen has also utilized private jets for visiting the US.
I wish to report a murder: One source told E+M the piece was a “complete assassination”. “You know people are after you when they talk about private jets, attendance at Grand Prix and going back home to Copenhagen at weekends.”
Unlocking Success: How TrafficGuard Eliminated Bots for William Hill In this revealing case study, delve into how TrafficGuard tackled the formidable challenge of bot intrusions for one of Britain's leading betting companies. Facing the brunt of sophisticated bot attacks, this betting giant encountered significant hurdles, including inflated ad spend, skewed analytics, and compromised user experience. Through meticulous analysis and innovative strategies, TrafficGuard orchestrated a comprehensive defense system that thwarted these menacing bots, safeguarding the company's integrity and bottom line. Witness firsthand how this transformative solution slashed wasteful spending, restored accurate analytics, and revitalized user trust, setting a new benchmark for industry resilience. Discover the full story and uncover the power of defeating bots with TrafficGuard: Read Case Study https://www.trafficguard.ai/resources/eliminating-bots-for-one-of-britains-largest-betting-companies +MoreDAZN is exploring a $1bn fund raise as it seeks to accelerate its global expansion. According to Bloomberg, the Len Blavatnik-owned streaming company has held early-stage conversations with advisers and suggested Saudi Arabia might be interested in taking a strategic stake.
Flutter has confirmed its US ticker will be FLUT when it achieves its dual-listing in January. What we’re readingX marks the spot: Here is where Las Vegas Sands plans to build a casino in Dallas, says local D Magazine, which digs into the records around a recent real estate purchase. Career pathsMaksym Liashko has resigned as CEO of Parimatch and managing partner of Energame, the group’s management company. Energame has launched a search for a new CEO. FSB Technologies has appointed Craig Artley as CFO after a stint with Sporting Group. ESPN’s New York choicesEmpire state building: Penn’s ability to hit its stated goal of hitting 10% market share in OSB and 8% in iCasino will possibly be dependent on whether the company is able to gain a license in New York, according to the analysts at Jefferies.
The most likely seller is WynnBet, which has given up most of its OSB operations apart from a handful of states, while the other option for Penn would be to pursue an incremental license from the state. The Jefferies team suggested both options have “implications”.
Analyst takesRed Rock Resorts: The management team can congratulate themselves on having “nailed it” when it comes to the Durango Casino, which opened last week, suggested the team at CBRE. “The new casino brings much-needed entertainment to a neighborhood that has been starved for action,” said the analysts. “Moreover, Durango has all the hallmarks of a high-volume Locals casino.”
VICI: Looking at last week’s deal to provide $212m in mezzanine financing to water park operator Kalahari, the team at JMP said the deal adds to the largely gaming REIT’s “experiential” portfolio, which now accounts for ~5% of VICI’s total portfolio as measured by dollar investment value.
Venture capital firm Yolo Investments manages in excess of €500m in capital across 100 exciting fintech, gaming and blockchain companies. The Yolo Investments' Gaming fund, regulated by the Guernsey Financial Services Commission, has taken positions in fast-growth suppliers and operators, including Dabble and Enteractive. Yolo Investments (yolo.io) wants to hear from readers of this newsletter. Get in touch with your pitch, or for a chat about innovative products which can plug into our investment ecosystem. Startup funding newsTexas-based micro-betting provider nVenue has sold a stake in the business to the NBA for an undisclosed sum. The stake comes a year after the company was selected for the NBA Launchpad incubator program.
Startup focus – OddittSlam dunk: The US-based sports-betting software provider was founded in 2022 by Matt Bresler, who quit university to start the venture. An avid basketball fan, Bresler noticed “recurring inconsistencies in in-game NBA betting odds” – a discovery, he says, that led to the creation of Odditt.
Backboard: Largely bootstrapped, this year Odditt received a small, strategic investment from SCCG to help get its beta product to market.
Free throw: In-game NBA betting odds are some of the most “challenging betting odds for sportsbooks to set”, says Bresler. Operators have to adjust their odds constantly in response to market conditions, changing game events and liabilities. Odditt makes things “easier for in-game traders” by providing an odds screen integrated with custom insights, tools and predictions at the market and individual sportsbook levels.
While the B2B market is Odditt’s largest area of focus, it is also looking for partners to help build out a B2C version of its product. Four-point play: Odditt’s immediate focus is on “building an initial track record with its product and delivering significant value to its earliest customers”; with the goal to become the “go-to in-game tool for sportsbook and betting syndicate traders alike”.
Growth company newsInside The Pocket has partnered with HotSpotBet to launch HotSpotJogos, a localized website offering F2P games, as it looks to boost its customer acquisition and retention in Brazil. HITSqwad has teamed up with Black Cow Technology to utilize the latter’s OGA Jackpots platform to build custom, secure jackpot engines that support unique in-game and reporting features across its portfolio of jackpot slots and games. EveryMatrix delivers iGaming software, solutions, content and services for casino, sports betting, payments, and affiliate/agent management to 300+ global Tier-1 operators and newer brands. The platform is modular, scalable, and compliant, allowing operators to choose the optimal solution depending on their needs. EveryMatrix empowers clients to unleash bold ideas and deliver outstanding player experiences in regulated markets. Calendar
An +More Media publication. For sponsorship inquiries email scott@andmore.media. |
Older messages
Entain DPA ‘not the end of dotcom’
Friday, December 8, 2023
Entain DPA repercussions, DraftKings' Pick6 launch, sector watch – financial trading +More
BetMGM ‘can stand on its own two feet’
Tuesday, December 5, 2023
BetMGM business update, DraftKings' fireside chat, Aspire in court +More
Was Playtech prepared to jettison B2B?
Monday, December 4, 2023
Playtech/888 bid rumor, Fanatics in Connecticut, UK stats, startup focus – BettorOff +More
ESPN Bet: big numbers, smaller market impact
Friday, December 1, 2023
OSB market analysis, Kindred call recall, MGM Resorts fireside chat +More
Kindred shutters North America
Wednesday, November 29, 2023
Kindred's strategic shift, PointsBet AGM, ESPN Bet analysis +More
You Might Also Like
‘We found the thing that gives us joy’: Microchild on the microverse, music, and shared language
Wednesday, March 12, 2025
The wife and husband pair of Shannon Sengebau McManus and Jonathan Camacho Glaser are souls behind the band Microchild. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🦅 Reminder: Masterclass with Jesse Pujji
Tuesday, March 11, 2025
At 1:00 PM Eastern Time (US and Canada) ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
[Webinar tomorrow] Canadian? How to Grow Your Amazon FBA Business as a Canuck
Tuesday, March 11, 2025
Hey Reader, Are you a Canadian? No? Well, you should never skip a single line on an EcomCrew email but this is one exception and you can continue with your day. Yes? Then congratulations on hitting the
The state of ad serving for brands and agencies
Tuesday, March 11, 2025
How ad-serving technology is changing and unlocking new opportunities
♟️ OpenAI's smart chess move!
Tuesday, March 11, 2025
Guess who's sweating?
March Madness is here: Tap into the hype with these marketing plays
Tuesday, March 11, 2025
And more insights to drive smarter social strategies and ROI ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
ET: March 11th 2025
Tuesday, March 11, 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 Gruns (trends) Chart Gruns is a DTC startup
If SEO is dead…
Tuesday, March 11, 2025
Here's a surefire way to fall behind your competition: Declare SEO as dead and stop optimizing your content. Sure, the strategies that worked five years ago may not work today, but businesses that
Niche = $$$
Tuesday, March 11, 2025
Why Your Tiny Newsletter Could Be an Advertiser's Dream
The Founder Institute targets first VC fund
Tuesday, March 11, 2025
Startups join the M&A big leagues; Hinge Health files for IPO; stablecoin surges with regulation in play; VC-backed IPOs give up post-election gains Read online | Don't want to receive these