WYNN - Sleeper stock plays in the exploding sports betting/iGaming sector
Gaming stocks had a huge week after rush of M&A, strong earnings reports and partnership announcements sent investors scrambling. DraftKings' (NASDAQ:DKNG) $1.56B acquisition of Golden Nugget Online Gaming (NASDAQ:GNOG) was the marquee event, while a mix of strong reads on gaming revenue helped propel Rush Interactive (NYSE:RSI) +25%, Elys Game Technology (NASDAQ:ELYS) +17%, Flutter Entertainment (OTCPK:PDYPY) +11%, fuboTV (NYSE:FUBO) +10%, Scientific Games (NASDAQ:SGMS) +9%, Gambling.com Group Limited (NASDAQ:GAMB) +9%, Bragg Gaming Group (OTCQX:BRGGF) +7% and Everi Holdings (NYSE:EVRI) +7%. It was only ten days ago that Penn National Gaming (NASDAQ:PENN) rattled the sector with its disruptive acquisition of Score & Media & Gaming (NASDAQ:SCR) and had investors scratching their heads on who the next M&A target might be. Adding it all up, it is not a surprise that the Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) has had a strong couple of weeks (see the holdings breakdown). Looking for values
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Sleeper stock plays in the exploding sports betting/iGaming sector