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888 Holdings (OTCPK:EIHDF) and Apollo Global Management (NYSE:APO) are the finalists to acquire the European operations of English online gambling company William Hill (OTCPK:WIMHF) after CVC Capital Partners withdrew from the auction, according to Bloomberg sources. 888 purportedly sent in t...
Caesars Entertainment (CZR) closes on the $4B acquisition of William Hill PLC (WIMHF).The company expects the deal to give it the ability to maximize the opportunity within sports betting and online gaming in the U.S. The combined companies currently operate sports betting in 18 jurisdic...
It has been one year since the markets bottomed in March of 2020 due to COVID. Markets have rebounded beyond most investors’ expectations, with growth and tech stealing much of the spotlight. The “rotation into value” narrative has recently gained some tractio...
Penn is off its high of $130 early this month. It temporarily broke a $100 support level to $99, but has inched back since. Its Final Four bullishness. Early reports of March Madness betting indicate it could go either way: Spectacular gain, y/y or disappointing against forecasts. ...
One of the top-performing property sectors last year, Casino REITs delivered surprisingly steady performance in 2020 despite the temporary closure and dramatically reduced usage of casino facilities throughout the pandemic. Unlike hotel REITs, casino REITs typically own propertie...
Penn's core strength lies in its 41 properties in 20 states. But investors have bid up the stock on a sports betting dreamscape, a nice but crowded low-profit segment. Management expects its 10-state sports betting focus to form its ultimate base. Bigger competitors will have a much b...
Despite a first-mover advantage in Illinois, BetRivers has quickly ceded its market share lead to DraftKings. The share erosion echoes what occurred in Pennsylvania - another key market for RSI. Sports betting optimism has led RSI to double its $10 merger price. Execution and shar...
The Coronavirus economy has created a clear dividing line between winners and losers, resulting in wildly divergent market returns for different sectors in 2020. One of the pandemic's biggest winners has been the online sports betting and iGaming space, with people forced find ways of...
The Coronavirus economy has created a clear dividing line between winners and losers, resulting in wildly divergent market returns for different sectors in 2020. One of the pandemic's biggest winners has been the online sports betting and iGaming space, with people forced find ways of...
With six major brands under its corporate flag, Flutter Entertainment's diversity of products between sports betting, poker and casino is not dependent on any lull in a single skin. Flutter had 1.8m active customers in Q3, having added 450,000 in that quarter and still growing. At...