FanDuel, owned by Flutter Entertainment (OTC:PDYPY) Bally Bet, owned by Ballys Corp (NYSE:BALY) BetMGM, a joint venture from MGM Resorts International (NYSE:MGM) and Entain DraftKings Inc (NASDAQ:DKNG) Rush Street Interactive (NYSE:RSI) Caesars Entertainment (NASDAQ:CZR) WynnBet, going public via SPAC Austerlitz Acquisition Corp I (NYSE:AUS) and majority owned by Wynn Resorts (NASDAQ:WYNN) Resorts World Kambi Please add other names to add to the list. As a group will they out perform the market?
On Nasdaq OMX (Sweden): Evolution P/E ~48 (overpriced imo, just mentioning because $30B market cap and part of OMXS30 index, albeit the smallest constituent) Kindred P/E ~7 Betsson P/E ~6 Kambi P/E ~12 Valuations are indeed fairly low right now though you always have regulation as a potential hazard. Nonetheless, it can be compared to say tobacco which performed great for value investors in spite of (or maybe because of?) institutions dumping.
it has a nice beautiful sharp peak in Feb 2021. and it is approaching zero point something soon. it must be a badly managed company. Those who shorted it after Feb 2021 should be laughing all the way to the bank.