Business By The Books: FanDuel, Other Sports Betting Earnings On Deck

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The thick of sports betting earnings season continues this week with five key calls on tap.

Full House Resorts kicks it off with their earnings call at 4:30 pm Eastern Wednesday. FLL is in the retail casino business mainly but could have key updates on their partners like Circa, which recently launched sports betting in Illinois.

Wednesday also includes the quarterly update from MGM at 5 pm Wednesday. Entain already announced that BetMGM net gaming revenue grew 15% in the quarter, and unveiled plans to grow the brand’s market share to between 20% and 25% by 2026.

More sports betting earnings calls Thursday

The earnings actions begins early Thursday when Flutter holds its call at 4 am Eastern. The parent company of FanDuel will hopefully update the market on shifting US market share, as well as its FanDuel stock listing, which could come before year end.

Next up is Super Group at 8:30 am. The company could explain why it recently pulled its application for a $20 million mobile Illinois sports betting license.

Wynn Resorts wraps up the day’s sports betting-related calls at 4:30 pm. Wynn recently ended its sports betting operations in seven states, and could update the market on its plans concerning its Michigan and New York operations.

Playtech updates on Caliplay suits

Playtech is working to get a legal issue brought by sports betting customer Caliplay into English courts, as stipulated in their original agreement from 2014.

Mexican sports betting operator Caliplay is seeking an annulment of its relationship with Playtech in the 46th Civil Court of Mexico City. Plyatech, in turn, obtained a ruling from a Mexican court ordering Caliplay to discontinue the case in Mexico.

Playtech said the issue stems from “whether an option held by Caliplay to redeem the additional services fee element of the strategic agreement has lapsed.” This issue is already in English Courts and is scheduled for an October 2024 trial.

“Caliplay has been and remains a very highly valued customer of the Playtech Group,” Playtech said in the update. “During the past nine years, both parties have worked closely together to create a successful and rapidly growing digital business in Mexico. This has been an extremely productive relationship for both parties, and resolving the commercial dispute is a priority for Playtech.”

BetMGM launches sports betting in NM

BetMGM opened a 4,900-square-foot sportsbook at the Isleta Casino in Albuquerque, New Mexico.

The space includes five betting windows, four kiosks, 35 TVs and two VIP sections.

Aristocrat launches NFL on Class II

Aristocrat’s NFL Kickoff Class II slot machine is now on casino floors in Oklahoma.

More Class II markets will follow. Class II gaming is typically what tribal casinos operate under with those slots programmed on bingo outcomes instead of random number generation.

NFL Kickoff is the second game in the portfolio of NFL-themed games, following the launch of NFL Super Bowl Jackpots.