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GMVHF News and Press, Gvc Holdings Plc From 07/21/22

Stock Information

Company Name: Gvc Holdings Plc
Stock Symbol: GMVHF
Market: OTC
Website: entaingroup.com

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GMVHF - Kindred Group said to explore possible sale after investor pressure - report

Kindred Group ( OTC:KNDGF ) is said to be exploring a possible sale following shareholder pressure on the online gambling operator. Kindred ( OTC:KNDGF ), which operates Unibet, is said to have contacted a number of businesses after activist Corvex Management, Kindred's se...

GMVHF - New York sports betting market hits six-month mark with competition still rolling in

New York sports betting market its six-month anniversary with some investors questioning if all the new competitors will make it amid the high tax rate in the state and more pressure on consumers with discretionary spending. Just this month, Bally's Corporation ( NYSE: BALY ...

GMVHF - MGM Resorts could look to revisit Entain bid, Citi says

MGM Resorts ( NYSE: MGM ) could look to make another offer for sports gambling company Entain Plc ( OTCPK:GMVHF ) after Entain's recent sell-off and sterling weakness, according to Citi. Any potential MGM bid likely to be a majority share offering and a proposal would ...

GMVHF - Entain Unstopped By Netherlands And Western Europe

Entain makes games for online and retail casinos. Germany and Holland have been problematic markets, but a leading product puts them in growth territory nonetheless. Retail in general has been an issue with COVID-19, but mobility is clearly developing for the better and we see imp...

GMVHF - Entain attracts bullish view from Deutsche Bank on BetMGM upside

Deutsche Bank stayed constructive on Entain Plc (OTCPK:GMVHF) after taking in the company's recent update on the BetMGM joint venture. Analyst Simon Davies: "BetMGM, Entain's 50% owned US joint venture, produced a positive update in yesterday's Capital Markets Day. It reiterated its medium/lo...

GMVHF - Rush Street Interactive: A First Take

Shares of online gaming concern Rush Street Interactive, Inc. are down 70% from their first public trade as unsustainable irrational valuations in a callow, commoditized industry reset. RSI's revenues are expected to expand 26% each of the next two years, but profitability is nowhere ...

GMVHF - California dreaming for DraftKings, FanDuel and Barstool with sports betting teed up on the ballot

There is growing buzz in the sports betting sector about voters in California potentially approving a ballot measure in November sponsored by DraftKings (NASDAQ:DKNG), BetMGM (MGM) (OTCPK:GMVHF) and Flutter Entertainment's (OTCPK:PDYPY) FanDuel over a competing measure that would limit in-per...

GMVHF - Catalyst watch: Rivian lockup expires, Western Digital event and inflation prints

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...

GMVHF - Sports betting in California is heading for the ballot twice

California may see two separate sports betting initiatives on the state ballot in November. A coalition led by DraftKings (NASDAQ:DKNG +0.5%), Flutter Entertainment's FanDuel (OTCPK:PDYPY), MGM Resorts (MGM)-Entain (OTCPK:GMVHF) property BetMGM confirmed that it submitted more than 1.6 millio...

GMVHF - Surging sportsbook growth signals strength for gambling stocks

Recent statistics released by both New Jersey and Pennsylvania point to strong growth in sportsbook activity even outside of peak football season gambling.    Per PlayNJ, the NCAA Tournament sparked over $1.1 billion in wagers at New Jersey’s online and retail sportsbooks, se...

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