Investor. Putting businesses & human behaviour under the microscope searching for that next opportunity! Investment motto 'Common sense is not so common'!
Sydney
Joined January 2011
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Is this an inflection point in attitudes of US sports betting operators towards third party tech? Bally's tried the inhouse approach & failed miserably. With 3 players dominating the US market it makes complete sense for smaller operators to outsource given the costs. $KAMBI
Welcome to the Kambi partner network, Bally's.
Bally's, one of the world’s leading casino-entertainment companies, has partnered up with Kambi to provide unrivalled online and retail sports betting entertainment to its global customer base.
eu1.hubs.ly/H03Fgn20
Well that didn't take long. Speaks not only to Betr missteps but the strength of oligopoly here in AU. I can't see where the interest comes from, particularly if Pointsbet AU also has the for sale sign out, a better product, brand & more customers.
afr.com/street-talk/betr-han…
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Kevin Bertoli retweeted
Flutter Entertainment - an attractive long term bet.
In this article, Co-Portfolio Manager Kevin Bertoli @kbertoli1 discusses Flutter Entertainment, a global sports-betting giant we believe to be positioned for rapid earnings growth in the US.
pmcapital.com.au/insight/flu…
Well done to the candidates in #NorthSydneyVotes, unlike some other seats across the country campaigning remained respectful throughout despite the closeness of recent polls. That’s how it should be done ✔️. Trent, @KyleaTink @Renshaw4NthSyd 👏
Election Day that’s a wrap, the trees not sacrificed for how-to-vote cards and mailouts can now breathe a sign of relief. Now for the fun part, waiting for @AntonyGreenElec to call it! #AusVotes2022
Star Entertainment’s ASX announcements late on Friday afternoons after market close are becoming quite a thing. Three weeks in a row now, seems like the best time to announce key mgmt. and board departures... $SGR
To think $CVNA 52wk high was $377 and investors were willing to soak up $3b+ of stock from EG2. Now they can't give it away and the vultures have arrived! bloomberg.com/news/articles/…
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Kevin Bertoli retweeted
This must be the worst timing I've ever seen on a call.
HK ripping today - Tencent +21%, Alibaba +20%, Meituan +28%, Kuaishou +31%, etc
Belarus, now Kazakhstan. Authoritarian rule coming under pressure within the former Soviet republics. Kleptopia by @tomburgis is an excellent read for anyone interested Kazakhstan under Nazarbayev’s almost 30 year rule & issues preceding current social unrest.
“Young Kazakhstanis want a chance at a real democracy, they know they haven’t had any political choices and they're aware of how deep the corruption goes" - @melindaharing Deputy director @AtlanticCouncil
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“Has to sell” after “Twitter poll decision”... these sure are interesting times we live in.
The world’s richest person has become a symbol of rising inequality as Democrats have floated a billionaires’ tax, so he turned to social media for the answer. bit.ly/3kfZnSW
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Never saw Russell play but growing up in Waikerie, in a Port Magpies household, his stature in the game was obvious. As a teenager was lucky enough to meet through footy & his love of the game & mentoring next generation shone through. Lasting impact on @PAFC & SA. RIP Great Man
The Port Adelaide Football Club is mourning the loss of club legend Russell Ebert, who passed away peacefully this afternoon surrounded by his family ❤️
📰 bit.ly/3mO8EU6
#weareportadelaide
The result of using the ‘you gotta a cave, you gotta gym’ training method for twenty years.
Watch: Taliban militants workout in deserted gym after seizing building independent.co.uk/tv/news/ta…
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DiDi doh! 🤦♂️ -17% pre market, the Mad Money explanation will be interesting this morning. $didi
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May 2019 general meeting was a sliding door moment for $lrk. Product and channel strategy have been spot on ever since. A great case study on why people should be central to any investment.
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Scientific Games to divest sports betting & lottery divisions. Sell side puts value of s/b division anywhere from $500m-1.1bn (skewed towards top end). A good summary of the options available. $SGMS $Kambi
Some thoughts (with a big assist from @ConciseClear) on the possible landing spots and outcomes if Scientific Games spins off its sports betting business. bettingusa.com/analysis-scie…
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What’s almost certain is potential suitors will need to write a bigger cheque than what $DKNG paid for SBTech. Seems like a big ask particularly for an operator as it comes with a almost 100% guarantee that non-aligned revenue in US walks off the platform.