Not enough completed sales yet
We publish comparables once at least 3 deals have closed in a category, so no single seller's terms can be worked out from the numbers.
How to read these numbers
A multiple is shorthand, not a valuation. Two casinos on the same licence with the same EBITDA can trade several turns apart depending on how much of the revenue is from retained players, whether the licence transfers cleanly, how concentrated the payment stack is, and what happens to affiliate contracts on a change of control.
Why individual deals are not listed
Sellers close deals here on the understanding that terms stay private. We publish a category only once enough sales have completed that no single transaction can be reverse engineered from the aggregate.
Getting a figure for your own business
The valuation tool applies these ranges to your own trading history and licence position. For anything structured, a brokered mandate gets you a considered view rather than a calculator output.