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Sports Betting Is Booming Worldwide. Is This DraftKings Competitor Worth the Risk While Its Shares Are Under $8?
The Motley Fool· 2025-12-20 13:40
Core Viewpoint - The sports betting industry, particularly companies like Codere Online Luxembourg, is facing challenges but also has potential for growth, especially with upcoming events like the World Cup driving increased betting activity. Group 1: Company Overview - Codere Online Luxembourg is the online sports betting and casino arm of Spanish gambling conglomerate Grupo Codere, publicly listed since 2021 through a SPAC merger [5]. - The company has a market capitalization of $364 million and its stock price has fluctuated between $5.18 and $8.75 over the past year [4][5]. Group 2: Financial Performance - Codere's shares fell significantly in 2022 due to concerns about profitability, but rebounded to $8 per share in 2024, driven by improved fiscal results [6][7]. - The company has experienced a revenue increase and a move towards consistently positive adjusted EBITDA by focusing on its home market of Spain and expanding into Latin America [7]. Group 3: Stock Performance and Market Sentiment - Codere's stock has shown mixed performance, with a notable drop earlier this year due to a Nasdaq compliance issue and the exit of its CFO [8]. - Since hitting a 52-week low in mid-November, the stock has rebounded by approximately 45%, attributed to the latest earnings release [9]. Group 4: Future Outlook - Analysts estimate Codere to earn $0.43 per share in 2026 and $0.68 per share in 2027, with the stock currently trading at around 17.5 times forward earnings [10]. - The upcoming World Cup is expected to boost betting activity, potentially increasing site traffic and user retention [11]. - The company has high fixed compliance and technological costs, but decreasing customer acquisition costs may lead to significant earnings growth with moderate revenue increases [12].
X @Bloomberg
Bloomberg· 2025-12-04 14:40
Connecticut’s Department of Consumer Protection issued cease-and-desist orders to Kalshi, Robinhood and https://t.co/1aQemhmjuy, alleging that the platforms are conducting unlicensed online gambling there. https://t.co/T2XnceVrFl ...
X @Decrypt
Decrypt· 2025-12-04 02:11
Connecticut Orders Kalshi, Robinhood, and https://t.co/hglQp7AMzv to Halt 'Unlicensed' Online Gambling► https://t.co/Y6npqEitew https://t.co/Y6npqEitew ...
Rivalry Reports Q3 2025 Results Highlighting Continued Revenue Growth and Structural Efficiency
Globenewswire· 2025-12-01 21:30
Operating expenses reduced 58% year-over-year and net loss improved 67% as Rivalry posts third consecutive quarter of revenue growth and completes debt restructure and recapitalization to enter 2026 on a strengthened foundationTORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three and nine-month period ended September 30, 2025 (“Q3 2025”). All dollar fig ...
X @Bloomberg
Bloomberg· 2025-11-25 17:58
South Africa is considering imposing a 20% tax on online gambling to curb its rapid growth and address related social harms https://t.co/dr1gYOolMi ...
X @Bloomberg
Bloomberg· 2025-11-05 10:28
The Thai government will set up a special team to track suspicious fund movements linked to online gambling, scam accounts, and other “gray money” transactions https://t.co/OTU20uS7Ng ...
PayPal Casinos USA 2025: BetWhale Is Rated the Leading Casino That Accepts PayPal Payments
Globenewswire· 2025-11-04 16:24
Core Insights - BetWhale is recognized as a leading choice among PayPal casinos in the USA, offering seamless transactions and a user-friendly experience for online gaming enthusiasts [3][4][23] Payment Options and Speed - BetWhale supports PayPal for instant deposits and withdrawals within 10 minutes, alongside other cryptocurrencies like Bitcoin, Ethereum, and Litecoin, which also offer instant transactions [19] - Traditional payment methods such as Visa/Mastercard have a withdrawal speed of 1-3 business days, while bank transfers take longer [19] Bonuses and Promotions - New players at BetWhale can benefit from a 250% welcome bonus up to $2,500 for casino games and a 200% welcome bonus up to $6,000 for sports betting, enhancing their initial gaming experience [7] - Regular players can enjoy ongoing promotions like Pick a Box Rewards, tournaments, and loyalty rewards that provide additional incentives for continued play [8][9] Game Variety - BetWhale boasts a diverse library of over 4,000 games, including slots, table games, and sports betting options, catering to various player preferences [11][23] - The platform features engaging slot games with unique themes and high payout potential, as well as classic table games like blackjack and roulette [12][13] Partnerships and Security - BetWhale collaborates with reputable game developers such as BetSoft and Rival Gaming, ensuring high-quality gaming experiences and fair play [14][15] - The platform employs 256-bit SSL security to protect user data and transactions, maintaining a safe environment for players [24] Customer Support - BetWhale offers 24/7 customer support through email and live chat, addressing player inquiries and issues promptly to enhance user satisfaction [20][21] - The support team is trained to assist with common queries and promote responsible gaming practices [21]
Vanguard Bought $3.5 Billion of This Gaming Stock That’s Down 26%. Time to Buy, Too?
Yahoo Finance· 2025-10-31 17:14
Core Insights - Institutional investors, such as Vanguard Group, provide valuable insights through their 13F filings, revealing significant investment moves and strategies [1][2] - Vanguard's recent $4.9 billion investment in Flutter Entertainment indicates a strong belief in the company's potential despite its current stock decline [3][4] Company Overview - Flutter Entertainment is a leader in online sports betting and iGaming, with a diverse portfolio including brands like FanDuel, Paddy Power, and PokerStars [4][5] - The company holds a 43% market share in the U.S. gross gaming revenue, significantly outperforming competitors like DraftKings [4] - Flutter operates in 22 U.S. states for sportsbooks and has a strong presence in the U.K., Ireland, Australia, and Italy, generating over $14.8 billion in annual revenues [5] Market Position and Growth Potential - The ongoing regulation of online gambling in various regions, including Brazil and potential U.S. expansions, positions Flutter favorably for future growth [6] - The company's scale and ability to cross-sell across its brands enhance its competitive edge in the market [6] Stock Performance and Challenges - Despite its market leadership, Flutter's stock has declined significantly, down 26% from its 52-week high, attributed to broader economic pressures affecting consumer spending [4][7] - The decline in stock price raises questions about whether this presents a buying opportunity or indicates deeper issues within the company [4]
SC to hear PIL seeking nationwide ban on online gambling masquerading as E-sports, social games on Friday
MINT· 2025-10-16 08:27
Core Viewpoint - The Supreme Court of India will hear a Public Interest Litigation (PIL) on October 17, 2023, regarding the prohibition of online gambling and betting platforms that operate under the guise of social and e-sports games [1]. Group 1: Legal and Regulatory Context - The PIL requests directions to various Union Ministries to interpret the Promotion and Regulation of Online Gaming Act, 2025, in a way that prohibits online gambling and betting games disguised as social and e-sports games [2]. - The petition names six respondents, including four Union ministries and major app store operators, Apple Inc. and Google India Pvt. Ltd. [2]. Group 2: Social and Economic Impact - The CASC claims that the proliferation of betting and gambling applications is causing significant social and economic harm across India [3]. - It is reported that over 650 million individuals are engaged in online gaming, generating an annual business of more than ₹1.8 trillion for these platforms [4]. - The unchecked expansion of online gaming is described as a "national crisis," affecting half of India's population and leading to financial ruin, mental health issues, and suicides [5]. Group 3: Government and Financial Oversight - The PIL seeks to block monetary transactions involving unregistered gaming applications through directives to the RBI, NPCI, and UPI platforms [6]. - It also calls for tax recovery and investigations into offshore gaming companies estimated to owe over ₹200 billion in unpaid taxes [6]. Group 4: Protection of Minors and Data Security - The PIL requests measures for the protection of data collected from minors by online gaming companies [7]. - Concerns are raised about endorsements of unlawful games by top cricketers and film stars, leading to issues such as cyber fraud, addiction, and mental health disorders [7].
X @Bloomberg
Bloomberg· 2025-09-30 19:40
Regulatory Action - Chilean court orders internet providers to block online gambling websites [1]