2024.07.17
oxford casino employees(Image: Alex Brandon/AP)Tourism, leisure, and commercial real estate have been some of the hardest-hit industries by the COVID-19 pandemic. 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. 19. casino kings nyThere have been close to 70 blank check IPOs this year, raising more than billion combined.That’s a densely populated field. said it’s merging with special purpose vehicle Flying Eagle Acquisition Corp. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. free slot games of las vegas cache creek casino in brooks californiaplay free slots on my phoneRippey 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. The market under appreciates the pull forward in US states’ plans to legalize online sports betting,” said Rippey in a note to clients.The increased legalization thesis is a familiar refrain among the analysts covering gaming and sports betting equities, and one that takes on increased credibility with states scrambling to generate revenue during the coronavirus pandemic.Fantastic ForecastsWhile there are lingering concerns about the costs DraftKings and rivals face to enter new markets and how that spending affects profitability, Rippey sees the percentage of Americans with access to regulated online betting soaring over the next couple of years.Today, about 10 percent of the US population is able to legally bet on sports online or via mobile devices. The market under appreciates the pull forward in US states’ plans to legalize online sports betting,” said Rippey in a note to clients.The increased legalization thesis is a familiar refrain among the analysts covering gaming and sports betting equities, and one that takes on increased credibility with states scrambling to generate revenue during the coronavirus pandemic.Fantastic ForecastsWhile there are lingering concerns about the costs DraftKings and rivals face to enter new markets and how that spending affects profitability, Rippey sees the percentage of Americans with access to regulated online betting soaring over the next couple of years.Today, about 10 percent of the US population is able to legally bet on sports online or via mobile devices. jack hammer 2 free slotsEvercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. He’s the second analyst in as many days to start evaluatinghow to do online casino DraftKings. But an agreement to that effect isn’t final.cliff castle casino bowling alley jackson rancheria to black oak casinoriver spirit casino barsThere’s a waiver on that mandate until at least Sept. There have been close to 70 blank check IPOs this year, raising more than billion combined.That’s a densely populated field. (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. He’s correct about that. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock. “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. twin river casino texas holdem paragon casino owners |