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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 t...
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...
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 ...
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 ...
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...
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...
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 ...
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...
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...
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...
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(Roberto Cortese/Unsplash) This week on Wall Street, investors will be anxiously awaiting the Fed Reserve’s meeting next week where the first increase in interest ra...