Kai Erman

Kai leads Australian Gaming Equity Research at Jefferies, having joined in April 2022. Prior to joining Jefferies Kai worked at EY, and holds a Bachelor of Commerce from the University of Sydney.

What We Are/I Am Known For: 

• Deep network of industry contacts, especially in wagering.
• Regular, detailed analysis of publicly-available gaming materials.
• Strong global offering with US, EU and Asian gaming coverage; regular channel checks with US land-based operators and European iGaming operators given global gaming vertical.

How We Are/I Am Different: 

• Deep dives on TAH AU: Counter consensus high conviction BUY call on TAH based in late 2024 based on industry feedback of bottoming wagering markets and structurally improving yields. Deep dive on retail upside from changes to commission agreements based on work done with retail customers and understanding profit sharing arrangement.
• Regular US slot analysis: Regular industry work on land-based slots, Social Casino and iGaming for ALL AU/LNW AU. Market share comparisons and overall market health checks.

Corporate & Strategic Access

• Jefferies Hosts: Meetings & Both Tours at the Global Gaming Expo (G2E) in Las Vegas
• Regular US slot customer checks.
• Wagering sector events and calls with competitor operators.
• Expert calls on wagering regulatory changes, particularly Victorian licence potential benefits and NSW licence scenarios.