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BANK COVERAGE OF ONLINE SHARES SECTOR BOOSTS STOCK
10/11/09 - The Reuters news agency reports that the investment arm of a major UK bank is now monitoring several high profile online gambling companies following increased interest in the sector.
Barclays Capital is following the fortunes of Bwin, Sportingbet, 888 Holdings and Party Gaming, the report notes.
Shares in the European-facing, Vienna-listed Internet gambling group Bwin rose 4 percent to Euro 34.23 after Barclays Capital started coverage of the stock with an "overweight" rating and a target price of Euros 45.
In a review of the sector, the broker says that online gambling and betting regulation in European countries, including Italy and France, will lead to strong revenue growth.
"Bwin is our top pick in the online industry due to its strong positioning in key European markets," the initial BarCap report comments. "In Italy, we forecast the acquisition of Gioco Digitale to grow poker revenue by 100 percent in 2010... In France and Spain, Bwin is also well positioned to take advantage of regulation."
BarCap gave Sportingbet an "overweight" stance, and classified 888 Holdings and PartyGaming with "equal weight" ratings. All three British stocks traded slightly higher on the news.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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