Online betting stocks

[zdreg]

• FanDuel, owned by Flutter Entertainment (OTC:PDYPY)
• Bally Bet, owned by Ballys Corp (NYSE:BALY)
• BetMGM, a joint venture from MGM Resorts International (NYSE:MGM) and Entain
• DraftKings Inc (NASDAQ:DKNG)
• Rush Street Interactive (NYSE:RSI)
• Caesars Entertainment (NASDAQ:CZR)
• WynnBet, going public via SPAC Austerlitz Acquisition Corp I (NYSE:AUS) and majority owned by Wynn Resorts (NASDAQ:WYNN)
• Resorts World
  Kambi

Please add other names to add to the list. As a group will they out perform the market?

 

[KCalhoun]

I'm going to trade DKNG if it pivots

 

[Snuskpelle]

On Nasdaq OMX (Sweden):
Evolution P/E ~48 (overpriced imo, just mentioning because $30B market cap and part of OMXS30 index, albeit the smallest constituent)
Kindred P/E ~7
Betsson P/E ~6
Kambi P/E ~12

Valuations are indeed fairly low right now though you always have regulation as a potential hazard. Nonetheless, it can be compared to say tobacco which performed great for value investors in spite of (or maybe because of?) institutions dumping.

 

[easymon1]

I'm going to trade DKNG if it pivots

 

[VicBee]

SKLZ is another one and heavily bought by Cathie Wood. Deep in the hole right now.

 

[maxinger]

SKLZ is another one and heavily bought by Cathie Wood. Deep in the hole right now.

it has a nice beautiful sharp peak in Feb 2021.
and it is approaching zero point something soon.
it must be a badly managed company.

Those who shorted it after Feb 2021 should be laughing all the way to the bank.