E175 – News roundup with Brad Allen

Doesn’t every sports betting company in the US lose money?

In this episode of the Business of Betting podcast, Jason Trost welcomes journalist Brad Allen from Legal Sports Report (LSR) to cover and share opinions about the industry news.

01:42 Wynn is closing down UK social Betting app BetBull: Wynn losing money on sports betting; Wynn getting out of sports betting?; casinos

11:28 The place of social in sports betting: Draftkings / bet groups; SBK; Skybet; Stock trading and Sports betting

19:08 Susquehanna SIG’s $65.5m investment in PointsBet: Nelly vs Banach; Jeff Yass’s statement; Fundamental model; best odds

29:20 Rumours around Fanatics acquisition of the German sportsbook Tipico (CNBC): Valuation; Fanatics’s Market access; GLI 33

33:04 Colorado’s regulator and the State audit

Mentioned in the episode:
https://www.legalsportsreport.com/71850/wynn-betbull-closure-uk-sports-betting-app/
https://www.legalsportsreport.com/71735/pointsbet-stock-susquehanna-sig-deal/
https://www.cnbc.com/2022/06/23/fanatics-is-in-talks-to-buy-sports-betting-company-tipico-sources-say.html

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