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@TSpackle @Jack25433732 @Equitymonster83 So the only one for sale was SB tech. Problem is that they will now have a black box SB, no competitor will want to share their tech with DKNG directly which put their book at a disadvantage as player behaviour and product dev will solely be driven from in-house. Again huge gambl

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@TSpackle @Jack25433732 @Equitymonster83 $kambi by a mile. $penn $RSI and $CHDN all use them. Been at it for ages (late nineties) and has a global presence that can risk manage holistically. $DKNG uses them now but in order to earn a few % more than want their own subpar tech stack. Huge gamble

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@Trojan_trading @MattsSebastian Stämmer bra det

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@Trojan_trading @MattsSebastian 200m+ aktier

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@jeeken90 @JGSventures Sen kan vi nog alla hålla med om att marknaden är redigt sur. Men kan jag valp tänka mig att andelen kassa har ökat hos många senaste veckorna och att även kapital frigjorts från stora korta positioner

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@jeeken90 @JGSventures Tänker att det är rotation inom sektorn som kan vara katalysatorn. Tror många är intresserade av marknaden men är inte villiga att betala för ett CAC på 120% av rev. Visar $RSI att de kan växa med bibehållen CAC så tror jag detta kommer premieras.

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@Equitymonster83 I’ve got slightly more. Here is my breakdown. Please mind that I’m not a professional and these are my estimations only and should not be seen as anything but estimations.

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@Equitymonster83 @elinklx05 Nah, according to how they define revenue in their 10-K, taxes are treated as costs and the revenue is as you stated.

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@william25327794 @Punisher624 @Polarbeer11 @rolexandstonks @stockmcease @skaushi Only bias I have is iCasino vs SB where being a SB operator is a terrible business with low margins. Admittedly it is a lot sexier but slots make the money. And it’s central limit theorem on the differences, Europe is not a country so legislation differs. Same shit but metric

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@Punisher624 @Polarbeer11 @rolexandstonks @william25327794 @stockmcease @skaushi I agree that name recognition of course has some value. But they are extremely connected to the Sportsbook that alone cannot support even a fraction of the valuation. Look at the value of European peers, they are operating at a mature market of approx 400m people

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@Punisher624 @Polarbeer11 @rolexandstonks @william25327794 @stockmcease @skaushi 5/5 20m/month very cheap. If Illinois go ICasino in the fall it will be the same size. And very profitable segments, older people with money and also a lot of women. I wouldn’t touch DK with a barge pole. Only I see as ok is $RSI, $Kambi and $evo ($evvy)

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@Punisher624 @Polarbeer11 @rolexandstonks @william25327794 @stockmcease @skaushi 4/x whilst $RSI has been more picky about what customer they target. Europe has seen exactly this and the companies still around are the ones that managed to retain customers not getting new ones. So spend wisely and focus on LTV. Look at $RSI in PA for instance,

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@Punisher624 @Polarbeer11 @rolexandstonks @william25327794 @stockmcease @skaushi Once again, Sportsbook is nice, shiny and creates buzz. But in making money iCasino is crucial and here $DKNG has made a terrible strategic wrong turn. $RSI can have 1/5th Rev and still show higher profit. As Europe is 15 years ahead of US curve we have learned this the hard way.

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@elinklx05 @jeeken90 @BULLSHARK86 Nej de har de inte. De landbaserade ägs av Rush Street inte Rush Street Interactive $RSI