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  • 1

BET MGM Earnings

July 26, 2023

BetMGM reported revenues of $944 million in the first half of the year, marking a 25% year-on-year increase, putting them on track to meet their annual target of between $1.8 billion and $2 billion. Some analysts from Jefferies even estimate revenues could reach $2.2 billion, given the historical weighting towards […]

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Las Vegas Sands (LVS) is optimistic about Singapore

July 20, 2023

Las Vegas Sands (LVS) is optimistic about the renovated Marina Bay Sands resort in Singapore, expecting to increase prices significantly with the reopening of 200 high-end suites. CEO Robert Goldstein believes that having an exemplary product that people desire gives the company pricing power, similar to luxury brands like Hermes, […]

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  • 4

Entain acquired pricing and analytics firm Angstrom Sports

July 20, 2023

Entain’s acquisition of Angstrom Sports for up to $263 million has raised questions due to Angstrom’s relatively low annual revenues. However, the investment is driven by several factors. The competitive nature of the US sports betting market, particularly in the Single Game Parlay (SGP) segment, makes Angstrom’s pricing and analytics […]

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  • 6

Betsson reported above-consensus profits for the second quarter of the year

July 14, 2023

The increased profits are attributed to several factors, including significant revenue growth in central and eastern Europe (CEE), central Asia, and increased earnings from their business-to-business (B2B) operations, particularly in the resurgent Turkish market. In Q2, B2B revenue, which includes Betsson’s partnership with Turkish-facing Realm based in Malta, accounted for […]

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BetMGM has significantly reduced its promotional spend

July 14, 2023

BetMGM has significantly reduced its promotional spend. In May, during a period of relatively low sports-betting activity, BetMGM decreased its bonuses and promotional spend by over 40% compared to previous levels. This pullback by BetMGM goes against the trend observed in the rest of the market, where other operators increased […]

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Gambling.Com

July 10, 2023

Analysts at Macquarie are optimistic about Gambling.com’s position in the affiliate marketing sector within the gambling industry, which remains notably fragmented. They highlight that Gambling.com possesses a unique blend of a distinctive offering, media assets, and strategic partnerships, a combination that is potentially influential in the affiliate market.

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