Entain Share Discussion Threads

[coxsmn] 08/5/2022 10:54

Twitter followers 2nd Jan to 8th May 2022 :Draftkings Sport 121.6k, 146.9k (+20.8%) Fanduel Sport 161k, 202.2k (+25.6%) BetMGM Sport 165k, 259.5k (+57.3%) Total for Sport + Casino (8th May) :Draftkings 146.9k + 10.1k = 157.0kFanduel 201.2k + 2.53k = 203.7kBetMGM 259.5k + 50.3k = 309.8k

[italianofacile] 08/5/2022 08:55

UK Gaming Review is overblown...internet only

2021 Entain (UK) Online NGR c.£1.0bn ...Growth outlook ?

2022 BetMGM Underlying (US) NGR £1.1bn ..Growth Outlook!

[phillis] 08/5/2022 02:42

Coming our way soon

[macarona] 07/5/2022 20:12

I suppose the true question is whether the LeoVegas acquisition will provide MGM the technology needed so they are not as reliant on Entain.
I doubt this acquisition will, but perhaps another one might…??

[italianofacile] 07/5/2022 16:38

And a name change to Las Vegas would be simple!

[italianofacile] 07/5/2022 16:37

Leo Vegas operation is complelty cloud based.. unlike Entain.. and comes with 150 software engineers . BH made some cryptic comments as to these two facts playing a role going forward..BH seems to believe the opportunities lie in iGaming.. and they want a piece of that action outside US.. And clearly Entain want a price MGM are not prepared to pay.. For now..

[cheshiremoggie] 07/5/2022 16:26

The LeoVegas purchase really doesn't make any sense to me at all in a number of aspects.Any idea what the rationale is?I have one idea but it's pure speculation and a bit far fetched. (No it doesn't include the Queen and Tyson Fury).CM

[coxsmn] 07/5/2022 13:07

https://www.fool.com/earnings/call-transcripts/2022/05/03/mgm-resorts-international-mgm-q1-2022-earnings-cal/Turning to BetMGM, we are now live in 23 markets with New York, Illinois, Louisiana, and Puerto Rico coming online in the first quarter and Ontario launching in early April. In February, BetMGM committed 24% market share in active markets in both U.S. sports betting and iGaming, which puts us in the No. 1 position nationwide.BetMGM is the clear leader in iGaming, having reached 28% market share in February. The BetMGM management team will be able to provide more color on results and the strategy at their investor meeting on Thursday, May 12.Turning to BetMGM. Our 50% of BetMGM's losses in the first quarter amounted to $92 million, which is reported as part of the unconsolidated affiliates line of our adjusted EBITDA calculation. This was driven largely by the initial investment in New York, but we expect these losses to narrow in the upcoming quarters. The growth story for BetMGM is a key pillar in our long-term strategic plan.The first thing I want to start by just stressing our partnership with Entain as it relates particularly to BetMGM and what we've accomplished has never been better. I think we've finally really caught stride.You can see that in some of our numbers and our market shares, we're excited for the next launch that the guys will go through and define some of the product that's becoming our way. And you'll hear a whole lot more about that on investor day on May 12th. As it relates to Entain specifically, we tried a year ago, as you know, to buy them. And I don't think a whole lot has changed.

[italianofacile] 07/5/2022 09:41

Leo Vegas are being pulled from US market per MGM earnings call..

[merism] 07/5/2022 08:55

https://igamingbusiness.com/leovegas-announces-2022-us-launch/

[italianofacile] 07/5/2022 06:30

Mgm in buying LV at c£500m are getting £41m ebitda..and No US exposure
Entain has c900m Ebitda ex USA.. Values Entain at c£19..ex USA/betmgm by MGM own metrics..

[pura vida] 06/5/2022 23:01

Hi all, i have been following this board for some time and i would like to thank you all because it's mostly valuable and informative posts. I got in at 1550 just after the mgm offer had a great ride up and thought the sky was the limit and didn't sell. Now it's a complicated situation with the western world choosing to import puluting over priced us oil having forced the oil majors to walk away from the billions they invested in russia to the benefit of china/india (i'm not into conspiraty theories but have worked in many countries and that is my opinion. The consequence is a major market correction as the prices in europe will sky rocket as we mostly import finished goods and hardly export. I regret not selling before (to buy at this price double the amount, where i pay taxes no capital gains) but blaming management for a stock market correction is amaturish. I have added to my position lately. I think they have a great team, the ceo should goes on mostly about social responsability (welcome to this generation), i only listen to RW. They are making money and great at good acquisitions. 2 years in a row the share price rose exponentially, expecting that would continue especially with this situation is foolish (as i said i should have sold and baught back so i'm including myself there). But blaming management or the us because you didn't sell is ridiculous. I would like management to give a bit more details and insight into lat am as i think that is also a big growth market. But when it comes to dividends, their roi is increadible so woukd prefer them to keep finding good opportjnities, if you want a dividend by bp or shell... let's just stay calm and hope this crisis ends soon and the supply of weapons to ukraine doesn't end the same way as it did in afganistan

[hmonk] 06/5/2022 21:29

Agreed Cheshire. Look at Golden Nugget, they accepted an all share takeover from DraftKing last summer that valued their company at over $1.5bn. The deal closed this week and because DK has fallen 75% since the deal was accepted Golden Nugget shareholders got $350m.

[coxsmn] 06/5/2022 19:16

DK's Jason Robins says "he's pleased with the strong revenues". What about the very strong losses which have no end in sight.

[cheshiremoggie] 06/5/2022 18:01

That high was a fake high generated by the extraordinary bids of 2500, then 2800 by DK.DK was about 60 before the bid, now about 14. Who here would have taken the DK paper at around 50?If you think a 50% drop was bad.....PS I think the share price was around 1800 before the desperate bids so that where I would take my readings from.

[fozzie] 06/5/2022 16:37

Heading for a 50% fall from the highs here in about 7 months, quite incredible.

[the white house] 06/5/2022 16:25

-467m net loss for the Q is the only statistic needed here

[italianofacile] 06/5/2022 15:02

The battle of Bunker Hill and all that.. Way too early.. IMO

[cheshiremoggie] 06/5/2022 12:22

In which case this is a wonderful chance to add more shares yourself. What a great chance to get cheap shares. Added at 1360 myself.

[kop202] 06/5/2022 12:11

The share price incredibly sank to fiver some time ago......Entain is a plaything of the City. If they need shares we all suffer while they short to get them

[hmonk] 06/5/2022 12:08

DraftKings boosted its revenue forecast for the full year.
YEAR FORECAST

Sees revenue $1.93 billion to $2.03 billion, saw $1.85 billion to $2.0 billion, estimate $1.96 billion (Bloomberg Consensus)
Sees adjusted Ebitda loss $760 million to $840 million, saw loss $825 million to loss $925 million, estimate loss $912.9 million
FIRST QUARTER RESULTS

Revenue $417 million, estimate $414.9 million
Average revenue per monthly unique payer $67, estimate $63.97
Monthly Unique Payers 2 million, estimate 2 million
Adjusted Ebitda loss $289.5 million, estimate loss $327.5 million
COMMENTARY AND CONTEXT

Jason Park, DraftKings' Chief Financial Officer, added, "We are pleased with our strong revenue and Adjusted EBITDA performance in the first quarter, which was driven by healthy underlying customer behavior and our ability to capture efficiencies."

[the white house] 06/5/2022 11:33

Suffrajette

[coxsmn] 06/5/2022 11:33

https://sbcnews.co.uk/sportsbook/2022/05/05/bgc-lauds-industrys-efforts-as-commission-reports-0-2-problem-gambling-rate/

[coxsmn] 06/5/2022 09:27

Srp very sorry to hear, my condolences.Need a bit of patience here for the moment.