Business By The Books: Big Week For Sports Betting Earnings Calls

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There are eight conference calls related to sports betting scheduled for this week, with four of those calls falling on Wednesday.

The calls begin at 8 pm Eastern Monday with a look into BlueBet, a micro-cap operator listed in Australia. BlueBet is also live in two US states with the ClutchBet brand.

Next is Caesars at 5 pm Tuesday. That call should lead to the first comments about this year’s promotional environment at the start of NFL betting season.

Wednesday’s schedule includes a few early morning calls:

Penn, DraftKings round out sports betting calls

No doubt there will be plenty of ears on the Penn Entertainment call at 9 am Thursday with the expected launch of ESPN Bet less than a month away.

DraftKings will put a bookend on the day when it announces its quarterly results after the market closes. That will give shareholders, analysts and stakeholders plenty of time to digest the report before DraftKings8:30 am Friday call.

Betway drops bid for $20M IL license

It was déjà vu in Illinois when gaming regulators again announced there would be no company paying $20 million for a mobile-only sports betting license.

Super Group‘s Betway asked to withdraw its application, Illinois Gaming Board Administrator Marcus Fruchter said at Thursday’s board meeting. It is the second time Betway has withdrawn from the process, pulling its application in 2022 as well.

Betway was the only bidder for one of the three IL sports betting licenses after the second bidder withdrew its bid in July. Tekkorp, which bid for a license in 2022, eventually withdrew its application when it failed to acquire a stake in Caliente to take public.

Fruchter did not say if the board would hold a third application period for the three licenses.

BetMGM, 76ers renew agreement

The Philadelphia 76ers and BetMGM renewed their partnership that makes BetMGM an official sports betting partner of the team.

The deal includes BetMGM fan experiences and watch parties as well as more courtside signage.

BetMGM customers in Pennsylvania and New Jersey will also get an exclusive 50% live odds boost token during each game.