Flutter Entertainment Share Discussion Threads

[solarman2013] 25/2/2022 18:58

Go Fan Duel Go! They should buy Wynnbet and BetRivers or PointsBet who won't ever make money given the huge delta. In the end, expect FD, DK, Caesars an BetMGM to dominate this market. maybe a few outliers for niche customers, but not much effect.

[harigoyal] 25/2/2022 18:11

New York online sportsbooks handle - GGR week ending Feb. 20:

FanDuel: $130.6m - $12.3m
DraftKings: $93.9m - $4.5m
Caesars: $65.8m - $4.2m
BetMGM: $39m - $2.1m
PointsBet: $13.8m - $1.6m
BetRivers: $8.8m - $536,000
WynnBet: $1.5m - $212,000

(GGR taxed at 51%)

[vraetorian] 25/2/2022 04:32

A bit of good news...

"PokerStars, the number one operator of the most successful online poker sites on the planet, will once again organize and sponsor the Monte-Carlo Casino European Poker Tour (EPT) this spring, after two long years of absence due to COVID-19 restrictions." AND....

"Regional Poker Tours Back in Europe After Five-Year Hiatus

In spite of the times of uncertainty we live in and throwing a big focus on maintaining the safety and health of all players and staff members, PokerStars also made the announcement that its regional poker tours will be resumed in Europe after a long hiatus that latest five years. Spain, the UK, France, Monaco, and the Czech Republic will host the Estrellas Poker Tour, The UK, and Ireland Poker Tour, the France Poker Series, and the Eureka Poker Tour between March and November 2022."

[mip55] 24/2/2022 17:08

The proposal to limit promotional tax deductions to one year in Virginia has failed - at least for this year anywayhttps://www.legalsportsreport.com/64878/va-sportsbooks-bill-to-limit-deductions-dies/

[solarman2013] 23/2/2022 12:42

I would “bet” that’s DK

[mip55] 23/2/2022 12:40

Talking about promotions and their cost.....In LA sports betting legislation, sportsbooks can deduct up to $5 million in promotional spending per year. At least one sportsbook used up the entire allocation, according to a presentation at Thursday's LGCB meeting.Ouch!!https://www.legalsportsreport.com/65034/louisiana-sports-betting-handle-receives-mobile-boost/

[mip55] 23/2/2022 09:11

Caesars cutting back immediately on ad spendingYou are going to see us dramatically curtail our traditional media spend effective immediately. We have accomplished what we set out to do," he said. "We set out to become a significant player, and it's happened significantly quicker than we thought.https://www.casino.org/news/caesars-is-dramatically-paring-its-sports-betting-ad-spending/

[harigoyal] 22/2/2022 23:53

Tax rates on revenue is going to b a big issue. Every state will try to match NY rates. Flutter & others have to draw a line how much to spend on promotion in the state with high tax rate. Right now stock market don’t care of revenue but net profit.

[vraetorian] 22/2/2022 23:28

Flutter will be pulling PokerStars out of Georgia, since next month they will be setting an effective tax rate of up to 65%-70% for online gaming operators. Citing economic sustainability is near impossible with virtually no margins.

Talk about shooting your economy in the foot

[solarman2013] 18/2/2022 20:25

there were some serious give aways to buy clients. Those clients will last far beyond the Super Bowl.I suspect a lot of improved performance leading away from the Super Bowl. Just look at the spends on advertising in that week...crazy!

[harigoyal] 18/2/2022 20:00

NY online sportsbooks took in $472 million in handle in the week leading up to (and including) Super LVI, but generated "only" $15.4 million in revenue, the lowest figure in the five full weeks legal mobile wagering has been live; another 51% of that revenue went to taxes.

[mip55] 18/2/2022 15:27

Management buyout perhaps. Can't see the FTC sanctioning a takeover by any of the major players. They blocked the DK / FD merger earlier

[solarman2013] 18/2/2022 15:07

You are right that DK will bring others down but also become a takeover target pretty soon

[harigoyal] 18/2/2022 14:51

DK results are out. Market expect meet or exceed results and guidance on each and every parameters. Stock is almost down by 20% in early trading.

At $18 and 800M shares out, DK is still about 15B market cap with projected revenue of 2B in 2022 & net EBIDA loss of 825M.

What is so disruptive about DK technology others don't have. Don't know why Cathie Wood is so fond of DK

Flutter is also down around 4% in sympathy. My point is if Flutter price is based on DK, we will be in pain in coming weeks & months. DK can go in single digit.

[blue59] 18/2/2022 12:16

This is like playing snakes and ladders!
But more expensive and less fun!!

[mip55] 17/2/2022 23:10

In handle terms in NY FanDuel is wiping the floor with the opposition. Why is it then that their revenue and hold figures lag way behind Caesars and DK in both January and the first week in February?https://www.legalsportsreport.com/64981/january-2022-revenue-ny-sports-betting/

[harigoyal] 17/2/2022 17:28

I agree, FD is doing relatively better compared to DK, Caesar etc. but is Flutter doing better in absolute terms also? What is the performance of Flutter out of US?

[coxsmn] 17/2/2022 16:51

NY handle (w/e Jan 23rd, Jan 30th, Feb 6th):Fanduel 159M, 141M (-11.3%), 130.2M (-7.7%)Draftkings 131M, 102M (-22.1%), 87.25 (-14.5%)Ceasars 229M, 128M (-44.1%), 87.1M (-32%)BetMGM* 40.5M, 37.5M (-7.4%), 34.3M (-8.5%)*Late starter

[solarman2013] 17/2/2022 16:34

cox
thats what FD said would happen, and the industry experts fully agree that FD has handled this properly...

[coxsmn] 17/2/2022 16:16

Ceasars NY handle and market share is dropping like a stone week by week. Looks like punters taking the free money then moving on.

[the white house] 16/2/2022 19:07

38m revenue for NJ with a tough month for the books judging by hold %ageHandle a monster 1.35bn with NY having no impact at all it seems. Tremendous news going forward

[solarman2013] 16/2/2022 17:07

we thus await the prizes of California, Florida, Texas and a compact multi-state poker pool deal to open up to PokerStars.