The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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888 seems to offer much better value now than Flutter or Entain
Flutter trades at about 3x Revenue
Entain trades at about 2x Revenue
And 888 is only trading at about 0.25x Revenue
And a forecast PE of only 3
So the 888 share price could easily rise by about 300% without looking expensive
STS looks a promising addition.
Personally, I would rather be paying for the porridge of the Directors responsible for this criminality rather than suffering a Β£585M penalty to keep them out of prison. It isn't going to happen,;"justice", like everything else in this country, can be bought if you'r rich enough - particularly if you are using someone else's money.
Just as concerning was an article on US sports betting: the two big beasts are Flutter and DraftKings; BetMGM was very much an "also ran" that hardly got a mention. Flutter is the market leader but DraftKings was judged to have the best technology that was attracting a lot of customers. Customers are apparently very reluctant to switch once they are signed up.
BetMGM is doing much better in online gaming: that is because of the existing customer base linked to MGM Resorts casinos.
AceOfClubs
Top-upped at last at an even lower price. Let's see if this will climb its way back once again later today before the market closes. Good luck to all.
Acceptance period for the offer commenced on 14 July 2023 and is due to close in mid-August.
Reacted too slowly and missed the chance to top-up when it fell to the 1230's. Grrrr...
Time to take this fantastic company out of the UK
Go somewhere we will be wanted???
The USA looks like the plan !!??
Outlook is looking good.
All sounding good.
Interimz tomorrow!
Jockeying for positions before the interims
Expecting the outlook to be strong !
Written all over it
The numbers will be good without the US but put the earnings from the states into the mix and we have boom time
GLA
Acquisition completion next couple of weeks !
The Capital Group Companies, Inc. increased to 6% from 2%
Coinciding with the BetMGM RNS , they liked what they see and bought what they liked !
Don't hold your breath!
What? Β£25 per share bid? Yes please, thank you.ππ
ENTAIN results 10th August, I'm expecting a positive update, if it is then the SP should move up. Regards bid of Β£25 I expect some large shareholders would say yes please. GLTA
If I remember right Draftkings tried to get them
But only for share only deal that was rejected
MGM have said that the problem is Entain donβt want to be bought
This time the deal might be too good to refuse??
Wasn't there a bid for $27 a while back before BetMgm business gained real traction that was rejected?
That is a boom π₯ set of numbers from MGM
50% of it being Entains !!
Makes them a sitting duck for the final takeover
MGM will have to bust the bank for takeover
I think they will this time for 25 bucks a share boom π₯
Entain owns a 50% stake in the sports betting and iGaming operator BetMGM. This performance directly impacts Entain's financial results and overall business prospects.
The positive update from BetMGM, which includes net revenue from operations of $944 million in the first half of 2023 and positive EBITDA for the full second quarter of 2023, Indicateing that BetMGM is making progress towards profitability and is experiencing strong growth in its operations.
August should be a good month here.
Notice of BetMGM H1 2023 update
BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by Entain plc (LSE: ENT) ("Entain") and MGM Resorts International (NYSE: MGM) ("MGM Resorts") will release an update on BetMGM's H1 2023 performance at 1.30 pm UK (8.30am EST) on Wednesday 26th July 2023.
Welcome, good for you to be in the black day 1, long may it continue.