RE:RE:Q2 2020 Better than expectedStrong quarter over quarter growth in handle 13.8M from 8.8M (58%), much exceeded my expectations. This in my opinion as with a few others on the board is the most important sports betting figure to follow.
Isn't the Q over Q increased handle irrelevant while the company has a negative net gaming yield? The increased handle has been driven by customers who are taking advantage of poorly managed betting bonuses are or bad/stale odds/propositions provided by the company. It's pretty easy to increase handle when you are effectively giving away free money/value.
It seems to me like this group doesn’t, yet, have the experience to run a profitable book net of giveaways. This, in addition, to an extremely high cost base, is a major concern to me as an investor.
**I own shares and wanted to buy more - but won't be doing so at this valuation**