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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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