Entain Share Discussion Threads

[coxsmn] 15/12/2020 16:34

In last 30 days, twitter follower numbers,BetMGM Casino up +20.5%BetMGM Sports up +20.9%

[coxsmn] 15/12/2020 15:31

massively overvalued

[srpactive] 15/12/2020 15:18

c

How can they have a high pe if loss making?

You have to have pre tax profits to calculate.

Or do you mean massively overvalued like all US companies,
good old rock bottom valued ent.

[the white house] 15/12/2020 15:01

Tennessee starting up seems to have woken up Georgia to get involved it seems, with 11 Jan the start of the process. This snowball effect seems to be gathering speed and if Georgia go then punters streaming over from Florida might get one of the big 4 to join the FOMO club

[the white house] 15/12/2020 14:56

Indeed, DraftKings customer service reviews are frightening with very regular batches of 1 star comments citing ; poor customer service, banking/withdrawal issues, ID issues, account restrictions, clunky app BetMGM and Flutter superior interface, misleading props...etc etc I see their no 2 position falling behind MGM/Entain and Caesar/Hills at some point.

[coxsmn] 15/12/2020 12:52

No thanks. Draftkings hugely loss making and massively overvalued.

[italianofacile] 15/12/2020 12:20

DraftKings/MGM Merger taking Entain along for the ride would create an interesting combo...SportsBook Casino online and land based...giant...head to head with Flutter...

[wilco69] 15/12/2020 11:25

Agreed Coxsmn, I also saw quotes from the company that due to how competitive NJ is for sports betting the customer acquisition costs are extremely high so the unit economics are the lowest of all states, so states such as Tennessee, Colorado and Indiana are much more profitable.

[coxsmn] 15/12/2020 10:14

NJ is a very competitive market and there is lots of spend and jockeing for position going on at the moment. In the longer term when the big giveaways dry up then customers will use whichever is their favourite sportsbook.

[merism] 15/12/2020 08:59

True, but FanDuel also has iGaming, which is reported under Golden Nugget in NJ. It also has FoxBet and Pokerstars, neither of which are reported under meadowlands.

[srpactive] 15/12/2020 08:48

And that is what counts as they say revenue is vanity,
profit is sanity.

[coxsmn] 15/12/2020 08:46

BetMGM is making more money in NJ with iGaming than Fanduel is with Sport.

[srpactive] 15/12/2020 08:31

c

Thank you.

[coxsmn] 15/12/2020 08:28

Customers often have several gaming apps on their device, if a particular sportsbook is virtually paying for a person to place a bet with them then they will, it doesn't guarantee long term loyalty and these sorts of giveaways won't be sustainable for the long game.

[srpactive] 15/12/2020 08:24

Excellent posts and insight all, w69 a few loss leaders
going on you think then?

active

[wilco69] 14/12/2020 22:05

The land grab in sports betting is crazy, in Pennsylvania in October 91% of GGR was bonuses so for every $100 that punters lost $91 was given to them by the bookies. iGaming is where the profits are at the moment.

[macarona] 14/12/2020 21:54

You both make sense.

[merism] 14/12/2020 21:41

MGM is a casino brand, with a big casino database. Sports was always going to be more difficult for MGM compared to DK and FD.

[italianofacile] 14/12/2020 21:36

Given free bet play though requireme ts.. Aggressive pricing is the definer in sportsbook.. Betmgm either can't or choosing not to compete at this, stage.. IGaming is effectively fixed odds where best software and game types win market share..where Enrain rules supreme

[optimistic2] 14/12/2020 21:26

So sports is in decline, whilst Igaming is on the increase....interesting..

[wilco69] 14/12/2020 21:16

In Sports, BetMGM had 4% share vs. Oct 7%/Sept 9%/Aug 11%/ July 10%/Jan-June 3-7%. In igaming BetMGM 26% vs. Oct 24%/Sept 23%/Aug 23%/July 17%/June 20%,

[coxsmn] 14/12/2020 21:14

BetMGM NJ iGaming up 6% in November to $23,425,194

[merism] 14/12/2020 20:58

Igaming going great for BetMGM, sports is struggling.

[coxsmn] 14/12/2020 20:43

New Jersey Again Crushes US Sports Betting Monthly Record With $930M In Wagershttps://www.legalsportsreport.com/46502/nj-sports-betting-record-november-2020/