PDYPY News and Press, Paddy Power Betfair PLC ADR From 02/20/23

Summary DraftKings turned in a fine Q4 2022 with revenues up and losses down. The stock spiked 15.3% on the news to $20. Beware of swallowing the same 2021 fish that saw DraftKings stock skyrocket to $72 and then do a nosedive. We like the 4Q22 and FY results, too, but the echoes of...

Flutter Entertainment ( OTCPK:PDYPY ) is reported to be considering a listing in the U.S. The proposal could be put  to a shareholder vote in April with 75% approval needed to advance the plan. The Dublin-based company operates the Betfair, Sky Bet, Paddy Power and FanDuel betting br...

Summary DraftKings operates in a potentially lucrative market. But currently the company is spending too much money compared to the competition. Therefore, I believe that a competitor is a more attractive investment option at present. Thesis I strongly believe that the...

Summary FanDuel's grip on market share leadership will remain and continue even after a possible spin off by Flutter. We're revising our long range sports betting revenue target to $50b by 2026 or before. This would make FanDuel a $15b business. As a global leader, the real value of...

Summary PDYPY reaching inflection point as big run-up since July 13, 2022 - may be facing ceiling. Led by U.S. market, management sees the company being profitable in calendar 2023. The stock is likely to find support with NFL playoffs about to begin, but afterward, it may correct o...

Sports betting in Ohio appears to be off to a very strong start with Geocomply reporting over 11M online sportsbook transactions in the state on January 1 and 2. The 2023 launch on Ohio means that over 44% of U.S. citizens have access to legal and regulated sports betting. The New York St...

ONLINE POKER FANS IN MICHIGAN AND NEW JERSEY CAN PLAY TOGETHER NOW AT POKERSTARS PR Newswire PokerStars celebrates MI and NJ Shared Liquidity with $150,000 guaranteed on New Year's Day CHERRY HILL, N.J. , Dec. 23, 2022 /PRNewswire/ -- PokerStars has today...

Summary DraftKings Inc. is faced with large competitors, more equipped to effectively scale an online gaming platform. The primary revenue driver for DraftKings is their online sportsbook, a notoriously low-margin industry. Gross margins have continuously decreased, even as the over...

Summary The lone property sector in positive-territory this year, Casino REITs have benefited from their attractive “inflation-hedging” lease structure, the rebound in Las Vegas travel demand, and broader institutional investor acceptance. Casino REITs remain a favorite fo...

Summary The declining revenue performance of SK Telecom is not going to last a decade. SK Telecom’s foray into AI semiconductor products is very promising. The AI processor industry touts 46.03% CAGR. The partnership with Amazon Web Services is boosting the AIaaS future...