PDYPY News and Press, Paddy Power Betfair PLC ADR From 07/14/23

2023-07-14 10:32:08 ET Summary Coming good earnings release or not, DraftKings Inc. is still far away from becoming a profit machine in the dreams of breathless analysts. We're guiding HOLD for DraftKings, unless you bought in cheap and can take a nice gain off the table now. ...

2023-07-07 16:43:37 ET DraftKings Inc ( NASDAQ: DKNG ) closed up 5.6% as sentiment improves ahead of earnings expected next month. Oppenheimer bumped its price target to $36 from $30 on higher user engagement and BTIG Research called DKNG a top pick for the second half of th...

2023-06-17 09:53:49 ET The sports betting sector was rattled during the week when powerhouse DraftKings ( NASDAQ: DKNG ) jumped in with a $195M offer to buy the U.S. assets of PointsBet ( OTCQX:PBTHF ) to mark a 30% premium to an earlier bid from Fanatics ( FANA ). I...

2023-06-16 18:41:36 ET Summary The UK White Paper of gaming reforms were far less draconian than feared regarding a threat to U.S. platform revenues. The White Paper risk baked into the price by many investors has been dramatically diminished by the actual reforms to come. ...

2023-06-05 10:17:34 ET Summary DraftKings' stock has experienced significant growth, but concerns about their long-term business strategy and profitability may lead to a pullback in the coming weeks and months. The company faces strong competition from FanDuel and other establishe...

2023-05-04 09:31:39 ET Flutter Entertainment ( OTCPK:PDYPY ) fielded a downgrade from Wells Fargo on Thursday as the bank’s analysts flagged a full valuation for the gaming name. The analysis lauded the company’s “strong execution and attractive EBITDA g...

2023-04-30 11:45:59 ET The release by the UK government of its long-awaited gambling reform White Paper has provided some clarity for the gaming sector, although some additional changes could still be made. For the most part, the findings were on par with expectations. The White Paper sugge...

2023-04-20 16:41:36 ET Summary We now believe DraftKings has finally gotten serious about curtailing the overspend on new player acquisition costs. Up over 80% YTD, DraftKings stock has moved from its wildly overvalued status in spring '21 to a fair value range at the least. D...

2023-04-13 14:47:57 ET Summary DraftKings has experienced rapid growth since becoming public in 2020. The TAM for Sports Betting and iGaming in the US is large and growing. Competition is fierce in this fragmented market. The company has spent big on customers through adve...

2023-04-05 08:45:21 ET The UK Gambling Commission's whitepaper on gambling has been finished and is now in the "write-round" process. The whitepaper is expected to be published shortly after the Easter parliamentary recess in the UK, which ends on April 17, according to a CTFN report ...