News
Ainsworth records order puts Novomatic buyout back in focus
Kjerulf Ainsworth's reported records access renews the Novomatic dispute. We examine the bid history, valuation, minority rights and business risks.
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News
Bragg Gaming revenue falls 23% as cash generation takes priority
Bragg Gaming’s Q3 revenue fell 23% to €20.6m. We examine the cash flow gap, its content strategy and Morten Tonnesen’s turnaround priorities.
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Polymarket’s Job Cuts Put Its Next Growth Phase Under Scrutiny
Polymarket confirms job and contractor cuts. We examine its revenue claims, ICE backing, leadership hires and the risks behind its next phase of growth.
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Digital Card Rips Test the Line Between Collecting and Gambling
Digital card rips draw PrizePicks, Underdog and FanDuel’s interest. We examine instant buybacks, physical cards, legal history and the quality of growth.
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What Britain’s New Youth Gambling Figures Really Show
Britain’s youth gambling survey finds lower own-money participation. We examine age-restricted access, the harm screen, advertising and the limits of the data.
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Codere Online’s 31% Growth Faces a Post-World Cup Test
Codere Online’s revenue rose 31% in Q3, but unchanged guidance, fewer active players in Mexico and regulatory risks put the quality of growth in focus.
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Better Collective's Reported Job Cuts Expose the Limits of Diversification
Better Collective reportedly cut up to 85 jobs. We examine its Brazil exposure, acquisition history and the costs behind a more resilient affiliate business.
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Aristocrat Names Its Next CEO as Digital Growth Faces a Profit Test
Dafne Guisard is set to succeed Trevor Croker at Aristocrat in April 2027. We examine its digital profits, strategy and the challenges she will inherit.
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Gentoo’s €100m Refinancing Gives the Juroszek Family Control
Gentoo Media’s €100m refinancing puts the Juroszek family in control. We examine dilution, the new loan and the acquisition history behind its funding needs.
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Brightstar’s Profit Squeeze Shows the Cost of a Lottery Licence
Brightstar Lottery cut its 2026 outlook. We examine Italy Lotto’s licence cost, the gap between profit and cash flow, and the risks behind long concessions.
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Catena Media Revenue Falls 30% as Search Pressures Mount
Catena Media’s Q3 revenue fell 30%. We examine search disruption, its North American reset and the risks behind loyalty products and traffiqX.
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Gambling Policy Commission Faces Questions Over Derek Webb Funding
Derek Webb provides seed funding for the Gambling Policy Commission. We examine its independence claim, past policy links and approach to evidence.
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Bally’s Intralot’s Revenue Surge Brings a Tougher Test for the evoke Deal
Bally’s Intralot’s revenue has surged after its BII acquisition. We examine comparable earnings, UK tax, debt and the proposed takeover of evoke.
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Playtech Raises Its 2026 Forecast as Risks Build for 2027
Playtech expects 2026 adjusted EBITDA above €300m. We examine Hard Rock Digital, the Snaitech sale and the UK, Brazil and competition risks facing 2027.
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Allwyn’s €50m Kambi Deal Puts the Cost of Sportsbook Control in Focus
Allwyn’s €50m Kambi agreement brings sportsbook technology in-house. We examine the Novibet history, recurring costs, trading services and delivery risks.
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Entain Unites Ladbrokes and Coral Behind The Festive Four
Entain unites Ladbrokes and Coral for four days of Christmas jump racing. We examine the schedule, commercial case and contrast with Betfred’s decision.
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BC.GAME Seeks a New Name for Singapore’s Counter-Strike Major
BC.GAME has submitted an alternative identity for the Singapore Major. We examine why gambling-linked team names create risks beyond shirt sponsorship.
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Inspired’s Comparable Growth Faces a Changing UK Tax Test
Inspired’s Q3 comparable growth shows supplier resilience, while Brazil’s shutdown, future UK machine-duty changes and cash generation test its limits.
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DraftKings’ VIP Defence Hinges on When the Perks Stop
DraftKings has defended its VIP programme to US lawmakers. We examine host incentives, customer safeguards and what Britain’s stricter model can show.
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Allwyn UK Reshuffle Faces a Harder National Lottery Test
Allwyn UK’s December leadership changes follow a £450m upgrade. We examine service accountability, Good Causes figures and the test for sustainable growth.
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Play’n GO Sale Report Puts Revenue Quality in Focus
We examine what Play’n GO’s reported sale plans could mean for revenue quality, distribution and the earnings needed to support a higher valuation.
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PENN's Texas Bet Began Long Before This Election
PENN plans a stronger Texas gambling push. We examine its racing interests, the 2012 Retama deal, political hurdles and the risks of waiting for reform.
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Wynn's profit falls as its next resorts keep taking shape
Wynn’s quarterly profit fell 80.4% as investment in UAE and Macau resorts continued. A look at cash generation, funding commitments and opening targets.
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Super Group sees a UK opening as tax pressure reshapes competition
Super Group sees a UK opening as rivals retreat. We examine its 13% revenue growth, the tax squeeze and why winning customers still needs to deliver profit.