2024.07.19
resorts casino njRippey starts the stock with an “outperform” rating and a price target, implying upside of more than 50 percent from where it trades at this writing.Our call on DKNG is fairly straightforward. “Our Target is based on 40x our 2025 adjusted EBITDA forecast discounted back at 8% to 2020.”Speaking of Illinois…The other meaningful catalyst for DraftKings stock today is an agreement with Accel Entertainment, a provider of video gaming terminals (VGTs) in Illinois, a market the sports betting company recently entered.Starting today, Accel’s more than 2,300 gaming machines across the Prairie State will feature DraftKings content, including advertisements, sports betting lines, and mobile app sign-ups.Accel’s VGTs are found in businesses such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.It remains to be seen if DraftKings’ relationship with Accel presents the former with a work-around to Illinois’ in-person registration requirement for mobile sports wagering. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. four winds casino offersThere’s a waiver on that mandate until at least Sept. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. DraftKings (NASDAQ:DKNG) stock is soaring for a second consecutive day Wednesday, after another analyst endorsed the name and on news of a gaming machine deal with Accel Entertainment (NYSE:ACEL) in Illinois. turtle creek casino spa free slot games lucky 7draftkings casino rocket“Our Target is based on 40x our 2025 adjusted EBITDA forecast discounted back at 8% to 2020.”Speaking of Illinois…The other meaningful catalyst for DraftKings stock today is an agreement with Accel Entertainment, a provider of video gaming terminals (VGTs) in Illinois, a market the sports betting company recently entered.Starting today, Accel’s more than 2,300 gaming machines across the Prairie State will feature DraftKings content, including advertisements, sports betting lines, and mobile app sign-ups.Accel’s VGTs are found in businesses such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.It remains to be seen if DraftKings’ relationship with Accel presents the former with a work-around to Illinois’ in-person registration requirement for mobile sports wagering. (Image: CNBC)Sell-side commentary on the sportsbook operator is brisk to start this week, with Evercore ISI analyst Kevin Rippey initiating coverage of the name today. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. online casino pokerBut Murren’s comments to Bloomberg indicate he’s wagering his name and experience steering MGM can separate his new entity from the pack.The news agency also reports that Andrew Pascal, a former Wynn Resorts executive and Elaine Wynn’s nephew, could be involved with Murren’s SPAC. Miriam, remains the richest person in the worldwide casino business. But an agreement to that effect isn’t final.big dollar casino reviews jamul casino from my locationcasino extreme no deposit bonus codes todayRippey notes that “legislative acceleration will compound on DraftKings’ technology and customer acquisition cost advantages,” indicating the stock is currently undervalued when measured against near- and long-term growth opportunities.Boston-based DraftKings currently offers online and mobile wagering in Colorado, Illinois, Indiana, Iowa, New Jersey, New Hampshire, Pennsylvania, and West Virginia,scarlet pearl casino hotel and is close to going live with that feature in Michigan.“Our 2022 revenue estimate is already 25% above consensus, with material upside if any major toss-up states legalize next year; by 2025, we see a path to nearly 0 million in earnings before interest, taxes, depreciation and amortization (EBITDA),” said Rippey. (Image: CNBC)Sell-side commentary on the sportsbook operator is brisk to start this week, with Evercore ISI analyst Kevin Rippey initiating coverage of the name today. 19. Rippey notes that “legislative acceleration will compound on DraftKings’ technology and customer acquisition cost advantages,” indicating the stock is currently undervalued when measured against near- and long-term growth opportunities.Boston-based DraftKings currently offers online and mobile wagering in Colorado, Illinois, Indiana, Iowa, New Jersey, New Hampshire, Pennsylvania, and West Virginia,scarlet pearl casino hotel and is close to going live with that feature in Michigan.“Our 2022 revenue estimate is already 25% above consensus, with material upside if any major toss-up states legalize next year; by 2025, we see a path to nearly 0 million in earnings before interest, taxes, depreciation and amortization (EBITDA),” said Rippey. 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