Playtech Share Discussion Threads

[john09] 06/6/2020 09:06

A Bet365 reference in this one

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lack of major sports didn’t dampen the pent-up demand for Colorado sports betting in its launch month.

Sports bettors wagered $25.5 million in Colorado in May after the industry officially launched May 1.

That handle was spread across six operators, including some of the biggest names in sports betting:

BetMGM
BetMonarch
BetRivers
DraftKings Sportsbook
FanDuel Sportsbook
Fox Bet
At maturity, the Colorado sports betting market could have 35 mobile sportsbook operators through the state’s 33 commercial casinos and two tribal casinos. That market could generate up to or perhaps more than $6 billion in annual handle at maturity, according to PlayColorado.com.

The official release from Colorado’s gaming regulators will be available after June 15, which is when audited totals are due from each operator. It’s unclear what that official release will look like, but it could include a breakdown by operator and by sport.

Hot Colorado sports betting start without major sports

Nearly $26 million in handle is nothing to sneeze at when considering what Coloradans could bet on in May.

For comparison, the Scoreboard platform run by SBTech for the Oregon Lottery that has more than 57,000 registered users since its October launch, recorded $7.3 million in handle last month.

The biggest events were The Match: Champions for Charity, four nights of UFC, a handful of NASCAR races, Bundesliga soccer and Korean baseball. And, of course, the coronavirus pandemic favorite: table tennis.

Colorado’s first real test in the US sports betting market should come in August when the NBA and NHL will likely resume their seasons.

Major brands helped with launch

It certainly didn’t hurt Colorado that the four sports betting brands available at launch were all major operators.

BetMGM, BetRivers, DraftKings Sportsbook and FanDuel Sportsbook are all well-known brands in the industry by now.

And even those completely new to sports betting know the DraftKings and FanDuel brands following their massive daily fantasy sports ad blitzes a few years back.

Colorado will be full of well-known brands, like PointsBet and William Hill, niche brands well-versed sports bettors love like Circa Sports and SuperBook USA, and brands still looking to make a major US splash like Bet365, Betfred and theScore Bet.

[trentendboy] 06/6/2020 01:07

Serves PTEC well to be independent for now and grow organically. They do tend to keep relationships once they have them and are growing tier ones fast.

Still would like to understand the Asia market better and who the main competition over there is that seems to be undercutting PTEC

[john09] 05/6/2020 17:21

£1bn market cap . Sitting duck to a US based peer ?

[km85] 05/6/2020 17:16

Bought at 1.85P. They bought one of the largest CFD broker, markets.com, about 500m EURO few years ago, They also own trading technology platforms, both of those assets and the cash on the balance sheet worth more than the market cap when I bought it. Not to mention, they are powerfully strong in B2B in gaming, casinos, and sport betting and of course their B2C in this segment as well. All of their segments generate huge cash flow and strong margins.

[john09] 05/6/2020 16:55

£18k paper profits here so far. Think I only bought on tuesday?

[john09] 05/6/2020 16:49

My pleasure...another good day here

[glawsiain] 05/6/2020 09:20

Cheers John09 for bring PTEC to the attention of the GAN bb. I'm in too

[malcolmmm] 05/6/2020 08:38

Bought first thing yesterday, up 10% so far, looking like just the start .They must have seen what happened to GAN listing on Nasdaq ,hopefully they will follow as mentioned here

[john09] 05/6/2020 08:31

Yep I think 5 is more likely without too much resistance

[trentendboy] 05/6/2020 08:26

Yep, closing the gap to 4Remember 4 was prior to the good news in Asia and trade techInteresting times

[john09] 05/6/2020 08:08

Nicely out of the traps

[the white house] 05/6/2020 06:33

Tie up announced that will see Playtech launch its digital Sportsbook with decent size Mansion Group flagship product Casino.com

[the white house] 04/6/2020 19:04

Medium/Long term this is a huge first step for Playtech. Bet365 are the tortoise in the US race but with a 35m Worldwide base they will progress relentlessly, while others with their head start as US companies or with links up with locals forge ahead early doors

[john09] 03/6/2020 18:50

Trent if thats the case the share price will go above pre covid levels, if it follows suit of other stocks

[john09] 03/6/2020 14:20

Yep up £5k already only pressed a button yesterday lol

[trentendboy] 03/6/2020 14:06

Good to start closing in on the 4 quid level - this is only getting back to pre-crisis levels and yet, PTEC in a much stronger position now.

[john09] 02/6/2020 15:04

I have today started a new thread to try and bring together investors interested in the emerging US online gaming story. Link below . Early days for the thread but got to start somewhere

[john09] 02/6/2020 14:53

Bought in with 50,000 earlier having ridden the GAN wave from AIM to Nasdaq. The yanks would go mental for this stock !

Also I have always been a close follower from Momentum Investor newsletter which has followed this for years.

I think you’ll find a new batch of investors will be coming in at this £3 level for a piece of the US action!

[john09] 02/6/2020 14:52

Bought in with 50,000 earlier having ridden the GAN wave from AIM to Nasdaq. The yanks would go mental for this stock !

Also I have always been a close follower from Momentum Investor newsletter which has followed this for years.

I think you’ll find a new batch of investors will be coming in at this £3 level for a piece of the US action!

[the white house] 02/6/2020 13:31

Big news re New Joisey and Bet365.Pressing up every 10p or so

[hatfullofsky] 02/6/2020 13:16

Another director buying, more positives