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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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