Bitsize Digest
Investing, Personal Finance & Life
Food for Thought
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The House Edge | Issue #2
What the house knows. Occasionally. Issue #02 | June 6, 2026 THE LEAD Two deals, $35B+, one week: US public gaming is being taken private. Fertitta Entertainment agreed on May 28 to buy Caesars for $17.6B ($31/share, 49% premium, $11.9B debt assumed) — the largest casino acquisition in US history. Four days later, People Inc.… Read more
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The House Edge
What the house knows. Weekly. Issue #01 | June 1, 2026 The Lead Minnesota became the first US state to make operating prediction markets a felony when Gov. Tim Walz (D-MN) signed SF4760 on May 18. Within days, both Kalshi and the CFTC filed separate lawsuits to block it — the same week Kalshi closed… Read more
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Richard Feynman’s Love Letter to his Wife
Richard Feynman is remembered as one of the greatest physicists of the 20th century. Yet his 1946 love letter to his late wife, Arline, reveals a completely different dimension — one that is tender, vulnerable, and deeply human. Read more
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Cirsa IPO – The Boring but Cash Cow Business Overview
CIRSA has announced an IPO, looking to raise 460m EURs at a TBD valuation. A comprehensive overview of the Spain + Latam gaming omnichannel business including Casinos, Slots, and Digital Gaming segments. Read more
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Cirsa – An Underappreciated Gaming Asset – Part 1.0
Thesis and valuation overview for Cirsa, one of the largest global omnichannel casino operators in Spain, Italy and Latam. Our SOTP suggests the company is worth 7.0x EV/EBITDA. Read more
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Finance Technical Interview Quick Bite – 3 Statements Accounting
TLDR: 3 Statement accounting sucks — read my notes and internalize it. A quick-bite guide to the most common finance technical interview questions on how changes to income statement items flow through cash flow and balance sheet. Read more