In this podcast episode, we explore the current landscape of the U.S. gaming market, diving into the strategies and challenges encountered by major players like DraftKings and BetMGM. The conversation sheds light on the pros and cons of joint ventures, the complexities of decision-making in large companies, and the opportunities for growth beyond traditional sports betting and iGaming. This includes potential acquisitions of related businesses and expansion into international markets, such as Brazil. Additionally, we discuss how pure-play gaming companies experience different valuation premiums and consider the strategic choices in capital allocation, weighing the merits of stock buybacks against mergers and acquisitions.
