Company Interview / Sweepstakes surge & strategic plays

Tom Waterhouse, from Waterhouse VC, states that the rise of sweepstakes casinos in the US is notable, surpassing legal iGaming. He touches on Australia's PointsBet, highlighting Mixi's interest due to its tech platform. Tom sees Mixi's cash offer and Matt Tripp's strategic acumen as beneficial for shareholders.

Tom comments on Betmakers, noting Matt Davy's expertise in the industry. He remarks on betmakers trading at one times revenue, with potential for positive cash flow. Online casino legality in the US varies, with sweepstakes gaming offering a workaround through virtual currency.

He mentions Gillon McLachlan's focus at Tabcorp on land-based assets, despite challenges from online growth. Tabcorp's in-play product and cost-cutting are seen as innovative avenues to differentiate and draw foot traffic to venues. Tom acknowledges the tough journey but admires Gillon's efforts.