Member Info for Alocasia

BetMGM launches its sportsbook in Virginia tomorrow, one of only three operators to be approved so far.

This is for sports betting only at the moment - something the authorities rushed through for the superbowl - but the operators can also apply for casino licences from APRIL.

I know. I've thought about him a couple of times when the price has jumped. I think it was hard to keep this board going back then before the price started moving in the right direction. It can feel like you're talking to yourself sometimes when they aren't a lot of regular contributors, so I don't know if that's why he disappeared. Hope he made a few pennies first if he got out.

If Peel Hunt think the US market was 3.1bn in 2020, then by their estimates its going to nearly double this year, and then another 50% by 2022, so if Stu looks in every now and then, maybe he'll consider getting back in because there's plenty more upside here.

Peel Hunt is forecasting that the US sports betting and online gaming market will bring in US$5.7bn in revenues in 2021, rising to US$8.6bn in 2022 and US$11.4bn in 2023.

The share prices of Ladbrokes owner Entain PLC (LON:ENT) and 888 Holdings PLC (LON:888) are not accounting for the “attractive growth characteristics” of the US sports betting and online gaming market, according to analysts at Peel Hunt.
In a note on Monday, the broker upgraded its 2020 forecast for the market as a whole to US$3.1bn from US$2.9bn, saying that the bounce-back from coronavirus (COVID-19) was “greater than we forecast, due in part to the scale of the marketing efforts behind the current land grab in the US”.

Direct integration into BetMGM Casino means Penn & Michigan licence approval is guaranteed as are future licences in the ever growing and voracious US market.

Guaranteed success if ever there was such a thing.

"It has long been a top performing game for us and it is currently live through 88% of our EU distribution (including William Hill, Entain, and Sky Betting & Gaming) bringing in a whopping 1 million unique players worldwide over the past year.

But the game doesn’t just bring players in - it keeps them coming back. With an average player retention of 10% after 6 weeks, it’s clear that the merging of two classic brands is a real crowd pleaser."

We will get more of this. Up one day, down the next, because a share that is on the move makes a good opportunity to trade it and bank some quick profits. The long term trend is up, up, up.

I was hoping they might RNS getting the full licence for Michigan, rather than just the provisional one they RNS's before.
Maybe next week.

This was posted online yesterday.

Citywire Fund Insider list GMR as one of the stocks to be interested in (scroll down to see list of related shares).

Especially as this goes over 100m market cap could get more funds looking to buy in and ride the wave. Only one way these gaming stocks are heading and we are undervalued.

https://citywire.co.uk/funds-insider/news/david-kempton-21-stock-ideas-my-colleagues-are-eyeing/a1453390

Look at all those trades at the top end of the 30-31p range that it's been wobbling around for the past few days. Getting ready to move up soon I think.

RSI already made the announcement.

"We are excited to continue the successful expansion of our online casino and sportsbook to Michiganders with the debut of BetRivers.com,” said Richard Schwartz, president of Rush Street Interactive.

RSI received the prestigious Casino Operator of the Year and Customer Service Operator of the Year awards in 2020 from the eGaming Review, and was named the 2020 Global Gaming Awards Digital Operator of the Year.

Great news.

Of the 15 operators who received provisional licences, only 9 have been approved in first wave. GMR will be launching via the tribal casino of the Little River Band of Ottawa Indians (Rush Street's BetRivers brand.) Sports betting approved in time for superbowl with casino betting to follow.

Great news that we got approved in first wave. Michigan should turn out to be bigger than New Jersey.

Michigan launching noon Friday local time.

What with Michigan and Pennsylvania both coming online at the same time, I don't think Zak Mir will be far out in his prediction.

SugarHouse Casino (owned by Rush Street) will launch its PA gaming website on Wednesday.

https://promounited.medium.com/casino-eastern-pa-79845071e511

Maybe but so far there appears to be decent support as soon as it dips under 30p. Often the Institutional Investors have limits on what percentage they can hold in one stock and because GMR has gone up so much lately they probably had to offload some to rebalance their portfolio. They still have plenty of GMR stock in reserve and doesn't mean they're not bullish long term.

Not worried about it wiggling up and down as is the norm in lulls between news.
The next good RNS should put a rocket under this.

Yes I think so too. GLA

Gaming Realms, the developer and licensor of mobile focused gaming content, has extended its licensing agreement with Scientific Games for the development and distribution of games under the Rainbow Riches brand.

https://www.intergameonline.com/igaming/news/gaming-realms-extends-scientific-games-deal

Another new blank cheque SPAC looking to buy a gaming company. They can all see what sort of revenues are going to be generated with US states opening up. This is the industry to have a stake in right now and everyone's lining up to grab a piece of the action.

https://www.gamblingnews.com/news/affinity-gaming-targets-merger-with-gaming-industry-business/

Slingo now live on VideoSlots courtesy of the three-year distribution deal signed with Relax Gaming .

https://www.videoslots.com/mobile/news/14129/welcome-slingo/
https://www.igamingtimes.com/2019/06/05/gaming-realms-relax-gaming/

https://sbcnews.co.uk/sportsbook/2021/01/15/jason-ader-launches-26-capital-spac-on-nasdaq/

Another new SPAC just launched on the nasdaq looking to buy a gaming company. Everyone wants a piece of the action. They can see where this industry is headed in the US.

In its IPO statement, 26 Capital defines itself as a ‘blank cheque company’, which will “concentrate its efforts in identifying high-quality businesses in the gaming and gaming technology, branded consumer, lodging and entertainment, or internet commerce sectors”.