On episode 168 of the Business of Betting podcast, Jake Williams meets Benji Cherniak, a former director and managing director of Don Best Sports, who is currently a director of Avenue H Capital.
What's this?
Cherniak reflects on starting and selling the Don Best business and his role at Avenue H Capital before turning to new businesses entering the US sports betting industry.
Who is this?
Jake Williams, host of the Business of Betting podcast
Benji Cherniak — director of Avenue H Capital
What do they say?
Discussing the sale of Don Best and prior mergers and acquisitions prior to the repeal of the Professional and Amateur Sports Protection Act (PASPA), Czerniak said: “When it became clear that PASPA was being cancelled, this announcement was made. There has been M&A interest over the years, especially since we were a strong asset in the US.
“Even before it was clear that the US market was about to open up, there was certainly some M&A interest. But it has certainly accelerated and intensified as the end of PASPA approaches. We started talking to some organizations - and, of course, we made an agreement with the guys from Scientific Games, and this was the most synergistic coincidence.
“It was all very exciting in the sense that you spend all these years working on something and building assets. Then you come to the realization that the asset you created has not only a heritage in the sports betting industry, but also has value for a large public company like Scientific Games, which was really nice not only for me, but for everyone in our organizations. . »
Why should I watch this?
To learn more about Cherniak's journey in sports betting, the sale of Don Best to Scientific Games, and the growth of the US sports betting industry.
Where can I see more?
Source: Business of Betting YouTube channel.
The post by Benji Czerniak, who shares his thoughts on Don Best, Avenue H Capital and US sports betting, first appeared on GamblingTV.com.