Deals in the Online Sports betting space?

searcher profile

December 14, 2023

by a searcher from New York University - Leonard N. Stern School of Business in Teaneck, NJ, USA

Does anyone have experience buying/selling companies related to online sports betting? Even tangentially related would be fine.

I have a fairly large following in the space already, and would be interested in expanding within the industry.

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Reply by an intermediary
in Kansas City, KS, USA
No idea what information you are looking for, but here is my story: We had a deal for sale in the online gaming space for almost a year. Strong revenues, profitable business. But the "big boys" (DraftKing, Caesars, etc) have been lobbying hard in Washington and the state levels, and securing laws, rules and guidelines that serve to shut out the startups.. We had several buyers lined up, but the deals would sink in legal due diligence because of perceived high risks that the business could be shut down overnight due to the stroke of a government officials pen. Out of frustration, the business has been pulled from the acquisition market by the owners.
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Reply by a searcher
from University of South Carolina in Great Falls, VA, USA
Very tangentially, I have a client who provides contractor payment software for a good chunk of the offshore gambling firms. DM with a bit more of what you are looking for and I'll find out if they can help.
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