Tue, Mar. 10, 2:49 PM
- The push to legalize sports betting has a "tidal wave" of momentum behind it, according to some legal and gaming experts.
- NBA commissioner Adam Silver publicly supports bringing sports betting off the black market, and other high-level sports execs say they are open to having discussions on the topic.
- If legalized sports betting were to take off, companies with an edge on the technology front could carve up market share.
- U.K. firm William Hill (OTC:WIMHF, OTCPK:WIMHY) now brings in 40% of its handle via mobile apps.
- Though major casino operators such as Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), and MGM Resorts (NYSE:MGM) face some risk of reduced Las Vegas traffic, they also have a branding advantage with potential bettors which can be leveraged.
- Scientific Games (NASDAQ:SGMS) and Zynga (NASDAQ:ZNGA) appear poised to jump on the sports gambling scene as soon as legalities clear.
- Even Comcast (NASDAQ:CMCSA) is on the periphery of sports betting through Comcast Ventures' property FanDuel.com.
Wed, Mar. 4, 12:42 PM
- Credit Suiise reiterates an Outperform rating on William Hill (OTC:WIMHF, OTCPK:WIMHY).
- The online betting firm was hit by a week of betting losses recently that was bit of an outlier.
- Analysts think results should smooth back out in the bookmaker's favor.
- William Hill's growing presence in Nevada sports books also makes it an interesting bet to some.
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