Last year Q3's results were weak, so the yoy results will be very strong, with currency benefits to add. They've never released any data for NY, in terms of what return does a state paying 51% tax rate make. I expect buybacks to be heavily weighted to the end of the 4 year period. |
Louisiana is the latest state to bid for a massive sports betting tax hike, with Representative Roger Wilder using the state's special session to file a bill proposing a huge increase in the gross revenue tax to 51%. Louisiana currently levies a 15% GGR tax on online sports betting licensees |
FLUT Up $1.30 post market.
I'm really curious to see what % of shares the company is looking to buyback at the beginning of this program. Tomorrow should be interesting... |
DraftKings is rallying today after a number of target price increases.
Only found this one for Flutter: "BTIG Maintains Buy on Flutter Entertainment, raises price target to $305 (from 249$)" |
Didn't think this increase would be happening today. Happy Friday I guess |
Yes, a wonderful bit of craziness today.
Who knows, maybe we might see the stock bump up against $270[NYSE] before the year end. |
Thanks Vraetorian. Really helpful. I am stunned by this surge…I was not expecting it at all .. seems a bit crazy. |
[2hrs ago] (13:16 GMT) Flutter Entertainment Price Target Announced at $306.00/Share by UBS
Also
A promo on Zacks rank.
Flutter Entertainment plc FLUT has an Earnings ESP of +172.73% and a Zacks Rank #3 at present.
"The consensus estimate for FLUT’s EPS is pegged at 17 cents, moved up from 9 cents in the past seven days. It has surprised last-quarter EPS by 80%." |
Anyone have a clue why share price is surging? Seems to be a reaction to DK Earnings conference call unless that is a timing coincidence. |
That's a buying opportunity if you believe Q3 will be strong. Remember good euro & copa results, serie A results in Italy also good. UK punters lost in Euro cup.
What we saw from Betsson results was high customer activity post-tourney.
Flutter kept their guidance in Q2, DK got greedy. There are things to be bullish about. |
DraftKings is revising its fiscal year 2024 revenue guidance due to the impact of customer-friendly sport outcomes early in the fourth quarter of 2024 to a range of $4.85 billion to $4.95 billion from the range of $5.05 billion to $5.25 billion |
Bloodbath for DKNG with misses. Will be negative for FLTR |
Good post : comeback continues24m + 27m compared to 13m + 20m last fortnight 51m Vs 33m last year more than making up for a couple weak weeks |
New York w/e 3rd Nov
DK $183.3m handle $16.9m (9.2%) hold
FD $231m handle $26.9m (11.6%) hold
I quickly scanned all the other sportsbooks who had really poor hold %. Above seems an excellent return for FD in a week when nearly all the favourites obliged.
DK Q3 Earnings Release after close in NY in a few hours. |
Here you can Ctrl-F "amendment 2"
These results are unofficial results. Missouri election law requires the local election authorities to transmit the certified election results to our office no later than the second Tuesday after the election (November 19, 2024). The Secretary of State’s office will convene the board of state canvassers and issue a statement announcing the official results no later than December 10, 2024. |
Do we have to wait until election results are certified? |
Yes… Missouri state data. Share price creeping up in last few minutes to reflect this. Bar a recount or some legal procedure (I have no idea about that potential) it is done.
hxxps://sbcamericas.com/2024/11/06/missouri-voters-legalize-sports-betting/?amp |
Are you sure?
It says here that they're still counting: |
That’s a kind reply LappuLiisa and much appreciated.
It has passed by 7,500 votes ish.
3572 of 3572 Precincts
Reported
YES
1,469,866
50.128%
NO
1,462,380
49.872% Total
Votes:
2,932,246 |
It's clear for me now also that it won't pass. Just too many 45/55 Yes/No votes from rural counties.
St Louis City can't make up for it.
I won't be selling though with Q3 results in a week and possibly share repurchase program getting started. |
You’re correct. It’s extremely tight race |
With respect (and reviewing the data from the different precincts) I don’t agree. The most recently included votes have nearly all been coming from smaller rural precincts who presumably have far smaller staff and less efficient counting processes (the Yes lead has reduced with every update). |
The big no areas are small rural counties. Cities with big Yes-margin have more votes to count and should outpace them |
I have been analysing the areas where the Missouri votes are outstanding (still 28% to be counted) and they are nearly all strong ”no” areas. Am I missing something? This does not appear over to me but hope I am wrong.
Update - lead now wafer thin after “nearly all” votes counted. 50.2 % yes and 49.8% no. |
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