Betfair Group PLC(BTFRF)- Grey Market
  • Today, 9:50 AM
    | Today, 9:50 AM | 1 Comment
  • Thu, Sep. 22, 11:22 AM
    • A major development on the betting scene is raising eyebrows in the global gaming industry. The NBA signed a deal with Sportradar to provide NBA data and video game feeds to gaming operators outside of the U.S.
    • Sources indicate the data deal is worth $250M over six years.
    • Detailed player tracking could open up new betting sports categories as the industry evolves beyond daily fantasy games.
    • Sportradar is a privately-owned company with PE backers and high-profile investors such as Michael Jordan and Mark Cuban on board. Here's the interesting twist: The NFL is also an investor and partner.
    • Efforts to legalize sports betting in the U.S. are breaking out in various forms, while in Las Vegas the welcoming mat for the Oakland Raiders and the NFL has been laid out.
    • Related stocks: OTCPK:EIHDF, OTC:BTFRF, OTCPK:PYGMF, OTCPK:PDYPY, OTC:WIMHF, OTCPK:WIMHY, RRR, CZR, MGM, BYD, OTC:LDBKF, OTCPK:LDBKY, OTCPK:RANKF, DUEL, DDAY, DRAFT.
    • Related ETF: BJK.
    | Thu, Sep. 22, 11:22 AM | 1 Comment
  • Aug. 26, 2015, 4:32 AM
    • Betfair (OTC:BTFRF) and Irish rival Paddy Power (OTC:PDYPF) have reached an agreement in principle on a £5B ($7.85 billion) merger that would create one of the world's largest online betting and gaming groups with revenues of over £1.1B.
    • The deal is the latest in a flurry of M&A activity in the industry, which is expected to accelerate as gambling firms look to protect themselves from increasing tax and regulatory pressures.
    | Aug. 26, 2015, 4:32 AM
  • Jul. 20, 2015, 2:49 PM
    • The merger between 888 Holdings (OTCPK:EIHDF) and Bwin.party (OTCPK:PYGMF) creates some intriguing possibilities if online gaming is approved in more U.S. states or under a federal framework.
    • 888 partners with Caesars Entertainment (NASDAQ:CZR) in Nevada, while Bwin has an agreement struck with Boyd Gaming and MGM Resorts in New Jersey. Some analysts think those partnerships could be easily expanded at scale.
    • If online gaming remains a three-state phenomenon, the combined Bwin-888 entity faces a challenge with competition from Betfair (OTC:BTFRF) and Amaya Gaming (NASDAQ:AYA) which owns PokerStars and Full Tilt Poker.
    • Shares of Bwin.party are up 8% over the last year, although they stand well off their all-time highs. 888 Holdings is +32% over the last year.
    • Previously: 888 scoops up Bwin.party for $1.4B (Jul. 17 2015)
    | Jul. 20, 2015, 2:49 PM
  • Apr. 15, 2013, 3:25 AM

    Betfair (BTFRF.PK) jumps 12% in London after CVC Capital Partners confirms it's in early-stage talks with the company about a bid. "CVC's interest could well prove the catalyst for other interested parties," Peel Hunt says. Keep an eye on William Hill (WIMHF.PK), Ladbrokes (LDBKF.PK), Bwin.party (PYGMF.PK) and 888 Holdings (EIHDF.PK) - mentioned in this recent article by Robert Geoghan on U.K. gambling stocks.

    | Apr. 15, 2013, 3:25 AM