jogo black jack and that it applies that rate to phantom revenue from

jogo black jack and that it applies that rate to phantom revenue from promotional credits he explained That means that the real tax rate on net gaming revenue is well over 100 We simply can t apply our capital against an irrational investment thesis Players cannot continue to play if the house always wins and the house cannot continue to play if it will always lose However Deutsch added that the business expects a more favourable tax environment to be implemented over time We expect…

poker star poker chief financial officer Gary Deutsch noted that there was a

poker star poker chief financial officer Gary Deutsch noted that there was a change in the portions of this 1 3bn produced by different states Within this guidance the revenue mix is different than previously expected he said We expected lower New York revenue and higher revenue in our other online sports and igaming states Deutsch then went on to outline why BetMGM had taken few steps to establish a foothold in New York During April the operator reported 5 0m in revenue from 142…

win 777 casino state taxes starts to bite and then watch the great

win 777 casino state taxes starts to bite and then watch the great crunch unfold And when the consolidation phase has begun there will emerge the next generation of US sportsbooks This revolution won t be televised it will just be tokenised 1 2BetMGM to limit presence in New York until tax rates change During its latest investor day BetMGM reiterated its net revenue guidance for 2022 of 1 3bn 1 06bn 1 25bn up from 850m in 2021 Executives also said BetMGM s earnings…

book of dead harvested tokens provide the real battleground in gambling creating a

book of dead harvested tokens provide the real battleground in gambling creating a new way to generate odds among peers and even speculators What these actual crypto books will look like is mostly opaque for now but we can get occasional hints from the likes of Topspin Axie and Nitro But even before then their first move will likely be to acquire an existing online only operator ideally one with a web3 slant and start to prepare them for the revolution Fund managers relax this…

777 blazing tokens one of which may be tomorrow s Bitcoin Ethereum

777 blazing tokens one of which may be tomorrow s Bitcoin Ethereum or Solana but especially launching tomorrow s sportsbook exchanges and especially the next generation of crypto casinos Think it s unlikely Then you haven t really been paying attention Why have crypto exchanges dominated the Super Bowl Formula 1 and now even Fifa Hint it s not for sports fans to exchange tokens during the ad break These new marketplaces understand that the next generation of gamblers won t be riding odds off…

slots gold spirit of Yolo has been kept well and truly alive

slots gold spirit of Yolo has been kept well and truly alive over a large part of a decade thanks to that well understood and well managed sentiment in American markets the day trader And these markets know full well the ease of transition between recreational investor to moneyball punter Now while an investment platform might still see a bit of a stretch in converting and upselling a potential gambler there is another sub vertical in this category that has a totally different perspective Web3…

age of slot for the likes of land based casinos to buy up

age of slot for the likes of land based casinos to buy up online operators and vertically integrate them into a full stack full fat kitchen sink provider Which works very well in boom season but when markets contract it becomes very clear which operators are well operationally efficient and which aren t Which leads us to the unnamed US player Remember them For the last few years there has been a slow but steady growth of the so called retail investor persona in the…

footbal studio few European assets in tow Fast forward a few more

footbal studio few European assets in tow Fast forward a few more quarters and the media companies have moved in on the sportsbooks now offering a fully integrated solution adjacent to their programming So far so Barron s However what s recently becoming clear is that this is not the endgame for the US The spirit of yoloTo understand what s now changed it s important to look at where capital was typically concentrated in the previous decade Pre 2020s and especially pre regulation most…

razz profitability warning from the warring players This will signal that

razz profitability warning from the warring players This will signal that the expected return on American sportsbook investment will take longer than expected and be pushed to 2024 at this rate At this point most funds would have quickly taken profits leading to another dark chapter for US focused gambling stocks However the interesting dynamic to be observed here will be the first wave of consolidation in gambling operators Expect a few bold moves from some of the larger media players here keen to take…

chute no alvo However there will be a short term correction and it

chute no alvo However there will be a short term correction and it s important to understand that it will happen soon Look at the majority of gambling stocks growth curves for the last six months and observe that most are currently exhibiting a typical inverse head and shoulders pattern Legislative fomoThis means that there could be a healthy rebound in prices for the forthcoming quarter as investors look to capitalise on state legislative fomo Sadly this revival will be short lived Despite good expected…