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(NYSE:FEAC) in a transaction valuing the online gaming firm at . 5 billion. morongo casino golf course Murren and his partners are looking to raise 0 million or more and already had conversations with underwriters, reports Bloomberg. admiral casino near me soaring eagle casino restaurants Odds and EndsMurren, 58, acknowledges that the SPAC space is getting crowded this year. is the mgm grand smoke free He’s correct about that. There have been close to 70 blank check IPOs this year, raising more than billion combined.

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That’s a densely populated field. But Murren’s comments to Bloomberg indicate he’s wagering his name and experience steering MGM can separate his new entity from the pack. The news agency also reports that Andrew Pascal, a former Wynn Resorts executive and Elaine Wynn’s nephew, could be involved with Murren’s SPAC. poker casino ohio But an agreement to that effect isn’t final. DraftKings (NASDAQ:DKNG) stock is soaring for a second consecutive day Wednesday, after another analyst endorsed the name and on news of a gaming machine deal with Accel Entertainment (NYSE:ACEL) in Illinois. Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock.

(Image: CNBC)Sell-side commentary on the sportsbook operator islot casino bingos brisk to start this week, with Evercore ISI analyst Kevin Rippey initiating coverage of the name today. Twin River Casino Update Llpu Switzerland He’s the second analyst in as many days to start evaluating DraftKings. Rippey starts the stock with an “outperform” rating and a price target, implying upside of more than 50 percent from where it trades at this writing. online slots real money sign up bonus Our call on DKNG is fairly straightforward. big fish casino not connecting The market under appreciates the pull forward in US states’ plans to legalize online sports betting,” said Rippey in a note to clients. The increased legalization thesis is a familiar refrain among the analysts covering gaming and sports betting equities, and one that takes on increased credibility with states scrambling to generate revenue during the coronavirus pandemic.

Fantastic ForecastsWhile there are lingering concerns about the costs DraftKings and rivals face to enter new markets and how that spending affects profitability, Rippey sees the percentage of Americans with access to regulated online betting soaring over the next couple of years. Today, about 10 percent of the US population is able to legally bet on sports online or via mobile devices. hack 4 all online casino But the Evercore analyst sees that figure increasing to 40 percent by the start of the 2022 NFL season. draftkings casino michigan Rippey notes that “legislative acceleration will compound on DraftKings’ technology and customer acquisition cost advantages,” indicating the stock is currently undervalued when measured against near- and long-term growth opportuslot casino bingonities. Boston-based DraftKings currently offers online and mobile wagering in Colorado, Illinois, Indiana, Iowa, New Jersey, New Hampshire, Pennsylvania, and West Virginia, and is close to going live with that feature in Michigan. “Our 2022 revenue estimate is already 25% above consensus, with material upside if any major toss-up states legalize next year; by 2025, we see a path to nearly 0 million in earnings before interest, taxes, depreciation and amortization (EBITDA),” said Rippey. Brian Christopher Slots In Oklahoma Lxhh

“Our Target is based on 40x our 2025 adjusted EBITDA forecast discounted back at 8% to 2020. foxwoods resort casino new york ”Speaking of Illinois…The other meaningful catalyst for DraftKings stock today is an agreement with Accel Entertainment, a provider of video gaming terminals (VGTs) in Illinois, a market the sports betting company recently entered. harrah s casino wilmington de Starting today, Accel’s more than 2,300 gaming machines across the Prairie State will feature DraftKings content, including advertisements, sports betting lines, and mobile app sign-ups. Accel’s VGTs are found in businesses such as