Gvc Share Discussion Threads

[italianofacile] 29/10/2020 20:42

MGM q3.. Hornbuckle, CEO of MGM Resorts International. "We remain focused on responding to the pandemic with effective health and safety protocols. We have modified our operating model to adapt to the current environment and we are executing on our long-term growth initiatives, particularly in U.S. sports betting and iGaming, where BetMGM has gained significant momentum

[coxsmn] 29/10/2020 16:04

Pennsylvania 12.8M and Tennessee 6.83M.

Adds circa 20M population.

(New Jersey for comparison is 8.9M population)

[srpactive] 29/10/2020 15:45

C

Even more thank you.

No have been here since 2007, so in no rush either,
we will be 2000p one day.

dyor

[coxsmn] 29/10/2020 15:01

BetMGM To Launch Mobile Sports Betting In Tennessee On Nov. 1Mobile app to deliver best-in-class sports betting experience and unparalleled rewards at MGM Resorts' properties nationwidehttps://www.prnewswire.com/news-releases/betmgm-to-launch-mobile-sports-betting-in-tennessee-on-nov-1-301162571.html

[coxsmn] 29/10/2020 13:59

BetMGM twitter followers for October,Sport up 20% and Casino up 6%

[coxsmn] 29/10/2020 11:02

Yes i think so. I'm not in a rush as here to benefit from the growth over the next few years.

[srpactive] 29/10/2020 11:00

c

Good information again, thank you.

The story is just building, it will be one of those
situations where we will just start grinding higher
to 1500p nice and quietly.

dyor

[coxsmn] 28/10/2020 18:40

Pennsylvania Regulators Approve BetMGM licences for Online Casino, Sports Wageringhttps://www.playpennsylvania.com/betmgm-pa-online-casino-sports-betting-approved/

[italianofacile] 28/10/2020 10:19

2.6bnHandle and 132.5m Revenue..annualised 1.6bn$

[italianofacile] 28/10/2020 10:15

State/Handle/Revenue-Latest Sept (Aug Illi/Nev/RI)
NJ 748/45
Penn 462/18
Dele 12/2
Miss 52/6.6
Nev 474/17
Rhode 23/1.5
WV 77/4.6
NY NA/1.4
Iowa 72/5.1
India 207/14.3
Oreg 26/1.5
New H 41/2.3
Mich 34/4.4
Col 207/4.2
DC 15.3/1.8
Illio 139/7.2
New Mexico Arkansas NA

[noujay] 28/10/2020 09:24

Flutter moving along - surprised if this doesn't start tracking soon

[coxsmn] 27/10/2020 18:24

"Ritzema noted that GVC's on-course betting volume was "minuscule" compared to betting shop and online wagers, leaving the on-course pitches in a "loss-making" position and devoid of a "strategic purpose." Ritzema said the ongoing challenges posed to racing by COVID-19 "expedited the decision but was not one of the factors behind it."https://calvinayre.com/2020/10/27/business/gvc-sells-coral-ladbrokes-on-course-betting-ops/

[italianofacile] 27/10/2020 18:03

3 tiers of betting.. 1Online, 2bricks and mortar,3 on course pitches.. Therefore interesting to see gvc selling their pitches in Ireland and UK.. and moving out of tier3 completely..

[coxsmn] 27/10/2020 16:16

BetMGM Introduces ESPN Veteran Ryan Spoon as Chief Operating OfficerOctober 27, 2020, 1:30 pmSpoon's Expertise Will Elevate Content and Expand Audiences for Social and Digital Platformshttps://finance.yahoo.com/news/betmgm-introduces-espn-veteran-ryan-133000503.html

[coxsmn] 27/10/2020 10:42

We are just playing school boy games at current share price level. We should be a good 40-50% higher within the next year.

[noujay] 27/10/2020 10:13

Quite the comeback this morning - seems great value under £10

[coxsmn] 26/10/2020 18:11

Tennessee launch date is Sunday 1st Nov.

[cheshiremoggie] 26/10/2020 17:45

Undoubtedly the post COVID future is very bright...

[coxsmn] 26/10/2020 17:35

Not forgetting the latest acqusition Bet.pt

[wilco69] 26/10/2020 16:50

From RBC - GVC LN – Reiterate Outperform (PT 1475p from 790p): LINK–Accelerating momentum in BetMGM’s existing US States, alongside GVC’s strong track record in its core business gives us confidence in BetMGM’s growth trajectory going forward. We forecast 48% revenue CAGR for BetMGM over FY21-25e, and introduce a valuation of £3.6b for GVC’s share of the JV, which is the key reason for the increase in our PT today. The stock trades at 12x FY22e PE (vs 7-13x trading range), offering the best value amongst peers.

[italianofacile] 26/10/2020 15:44

With 14 US states offering up mobile sports..if you include Virginia..no doubt US is going to be good..CFO reckons 3 years to turn a profit in each state, so for sure Tennessee will have an impact..negative in years 1-2..No doubt closing retail in Italy and parts of UK will impact in the short term, as the share price shows, but GVC is strong enough to withstand that as we have seen and yes migration online but with a ban on advertising is some shape of form coming, even KA thought B+M in Italy especially was a good conduit..

[srpactive] 26/10/2020 15:08

Yes because everything is on line now and will continue to be.

Run the leases down, then just online domination.

[cheshiremoggie] 26/10/2020 14:57

Tennessee going live won't affect GVC bottom line so doesn't that make you the liar?Clearly there will be an impact from betting shops closing temporarily- judging the effect isn't straightforward.The market thinks there will be some effect - share price has gone from 1100-1000.This is MUCH less than the approx 900 to 300s drop earlier in the year indicating the market thinks the effect is going to be relatively mild overall.

[the white house] 26/10/2020 14:19

Liar Italy online is fine Snai is the largest mobile site and buzzing right now and foreverTennessee goes live next week but you leave that out as well. BetMGM up 4 months running in WVI love it when those short get desperate and show their ignorance at the same time.

[popper joe] 26/10/2020 11:09

Before any changes to player behaviour AND furlough payments.