Right to the Source is back and it’s bouncing around the world, as Ed Birkin sizes up the UAE online gambling market, Robin Harrison talks up Allwyn taking full control of OPAP, and prediction markets bring up memories of Wayne Shaw.
First up, in the wake of Kevin Mullally stepping down as CEO of the General Commercial Gaming Regulatory Authority (GCGRA), is online gambling in the UAE. Wynn Resorts is projecting revenue of around $3 billion to $5 billion, but how much could interactive gaming contribute?
Ed Birkin has some thoughts, with H2 Gambling Capital estimating the online offshore market share at around $185 million to $225 million currently. Assuming at least one licence per emirate, and the sports/iGaming mix, he’s expecting a bigger contribution from online onshore.
Right to the Source is on Apple Podcasts
Prediction markets and pie eating
Things take a pivot to prediction markets, which, thanks to an incident on the Coinbase earnings call, led to the story of Wayne Shaw. Yes, Coinbase CEO Brian Armstrong ended its Q3 analyst call by listing words that Kalshi and Polymarket users were betting he would say. Sorry, were predicting he would say.
Is that different from the former Sutton United goalie eating a pie on the bench during an FA Cup tie with Arsenal?
OPAP-Allwyn: Should we be getting excited?
We end with an argument on Allwyn acquiring OPAP outright. To Ed, there’s nothing to get excited about. To Robin, it’s what Allwyn might do next that’s of interest.
Ever wanted to hear what the Olsen twins are up to now alongside exclusive data on the UAE online gambling market? There’s only one place you’ll get that.
Right to the Source is back and it’s bouncing around the world, as Ed Birkin sizes up the UAE online gaming market, Robin Harrison talks up Allwyn taking full control of OPAP and prediction markets bring up memories of Wayne Shaw.