The gambler who converted $700k in $300 million and more

Jun 07, 2021

You are reading The Gambler, the weekly newsletter for professionals working in the online gambling industry.

Headlines

A different topic this week, with the story of Matthew Benham brilliantly explained by Joe Pompliano on Twitter. Probably you have heard the story before, but is totally worth reading for anyone working in the gambling industry!

A professional sports gambler used analytics to turn a $700,000 loan into more than $300 million. This is the wild story 👇👇👇

Brazil takes key step to change sports betting law and base tax on GGR: This change in the tax system was an insistent request from the market to the Brazilian government. Now the measure goes to the Senate.

The Gambler Index

The Gambler Index shows the evolution of the main listed gambling companies during the last week, month, and the stock performance since the start of the year.

Corporate landscape

The Brasileirão 2021 is the most sponsored tournament by bookmakers in the world: 14 out of 20 participating teams with financial support from a sports betting houses. surpassing the Premier League (10) and Spain’s LaLiga (7)
Bally's acquires Bet.Works, creates Interactive division: The deal was closed last Tuesday and the acquisition is worth $125 million. Bet.Works is a U.S. based, sports betting platform provider to operators in New Jersey, Iowa, Indiana and Colorado.
Luckbox hails “solid foundation” as expenses grow in Q1: The company lost USD$1.9m in Q1. “We spent the first quarter of 2021 building a solid foundation from which Luckbox can grow,” said Luckbox CEO Thomas Rosander.
Skillz to acquire esports marketing platform Aarki for $150m: Skillz, that offers a mix of casual gaming, gambling and multiplayer tournaments, acquires the mobile marketing company Aarki in a move to create a fully-integrated esports advertising platform.
Optimove recognized as a “Challenger” by Gartner for the 2nd year in a row: Gartner defines the multichannel marketing hub as a “technology that orchestrates a company’s communications and offers to customer segments across multiple channels.” This year’s report evaluated 20 different vendors on 15 different criteria and positioned Optimove in the Challengers’ quadrant for its ability to execute and completeness of vision.