Earnings season for the 2022 year-end report is underway, with three sports betting-related conference calls scheduled for the week.
Still, some sports betting revenue could already be seen thanks to debt refinancing Caesar with one Betting on MGM renew.
Call this week:
- points betting: Monday at 5 p.m. ET
- Penn Entertainment/bar stool sports betting: Thursday at 9 am
- boyd games: 17:00 Thursday
BetMGM’s customer acquisition costs improve
Data-centric marketing insights help BetMGM reduce cost per acquisition twenty one% Compared with 2021, in 2022, chief executive adam greenblatt Say.
The focus, he said, is to make sure the right customers get the bonus. Online sports net income margins doubled in the fourth quarter compared to last year.
BetMGM has a leading 30% iGaming Market Share 13% Market share of online sports betting.The share jumped to 20% For states where BetMGM goes live on day one.
Read more about BetMGM’s 2022 report liquid silicone rubber Writer Sam McQuillan.
Caesars cuts sports betting losses
Caesars expects its digital unit to report an adjusted EBITDA loss $4 million and $6 million Compared to the loss in the fourth quarter $305 million In the fourth quarter of 2021.
Early earnings numbers were released when the company launched the offering $2 billion exist 7% Senior Secured Notes Maturity 2030 as it refinances its debt.
Caesars expects betting handles between $12.75 billion and $12.85 billionkeep between 5.3% and 5.5%. The handle excludes selected wholly-owned and third-party businesses, which account for $1.223 billion in the handle and 11% catch.
The online casino drop should be between $8 billion and $8.1 billion, keep between 3.1% and 3.3%.
GeoComply-Xpoint lawsuit moves forward Tuesday
geographic compliancelawsuit against point x Case to continue over alleged infringement of geolocation service patent Tuesday exist 1 p.m. ET The conference call involves several items:
- Xpoint’s motion to dismiss
- GeoComply’s Mandatory Motion
- confidentiality of documents walk out the gate Speaking of Xpoint’s potential downsides, Out The Gate says it’s secretly shared with GeoComply
- Disputes Related to Proposed Protective Orders
- Multiple sealed documents spark discovery controversy
NIGC Counsel Hoenig joins San Manuel
McHonig no longer general counsel National Indian Gaming Commission After resigning on Friday.
Hoenig joined San Manuel Mission Indian Band As VP of Gaming and Deputy General Counsel.san manuel bought Palm tree exist las vegas last year, marking its first gaming venture outside the U.S. california.
Hoenig joins NIGC year 2006 and served as General Counsel for the past seven years.
“I leave NIGC with mixed feelings. I sincerely appreciate the privilege of serving with excellent staff to advance the mission and purpose of the Indian Gaming Regulation Act – to protect tribal gaming as one of the most important economic resources of the Indian Nation.
“I look forward to continuing this mission from a slightly different angle in this new role with the San Manuel Band of Mission Indians.”
– Mike Honig
Washington Tribes Renew Opposition to Expanded Sports Betting
It’s a new legislative session washington state, which means renewed efforts for and against sports betting Chess Room.
Sports betting approved only at tribal casinos in 2020, disagrees with poker room owners maverick gamesPresident of Eric Persson, as he promised to sue before the tribe-only bill passed: “I have the money, the time and the guts to fight it, so let’s do it,” he said. “That’s how I see it.”
A lawsuit was filed last year, but while the lawsuit was winding down, another attempt to expand sports betting in Washington was launched. HB 1630 and SB 5587 Will legalize sports betting in card rooms and racetracks.
Washington Indian Gaming Associationexecutive director of Rebecca George Responding to the bills on Wednesday:
“Washington State Tribes continue to strongly oppose Maverick’s gambling expansion legislation. It will severely undermine Washington State’s safe and successful gaming system and put Washingtonians at risk, and we call on legislative leaders to reject it again.”