GAMBLING firm
Speculation that more
That follows the 2020 purchase of William Hill by Caesars, who in turn sold the international
And
“The cost of starting up a mature online gaming business is still greater than the cost of buying one,” Ader told City A.M. to explain the US interest in
“It’s the basic build vs buy analysis.
“The
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“I still think there’s more M&A activity to come,” Ader said.
American operators are moving quickly to take advantage of increasingly liberalised gambling law in the US, with more and more states opening up their markets to legal online gaming and betting.
“Sports liberalisation rules are going to be in virtually every state. Every state is facing a post-pandemic shortfall, and there’s a fair amount of political interest in gambling beyond sports,” Ader said, including bingo and online skill games.
More than half of states now offer legalised sports betting, only three years after it was given federal approval by the supreme court.
“The US as a regulated market still seems to be the most attractive in the world,” Ader said.
Read more: Ladbrokes owner
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