The Tropicana In Laughlin go public this quarter in a merger with his SPAC, Landcadia Holdings II Inc. bellagio casino bulgaria (NASDAQ:LCA), while dMY Technology Group Inc. (NYSE:DMYT) and Rush Street Gaming are coming together on a . desert diamond casino non smoking 8 billion deal. chumba casino reviews Last week, Skillz Inc. said it’s merging with special purpose vehicle Flying Eagle Acquisition Corp. (NYSE:FEAC) in a transaction valuing the online gaming firm at . 5 billion. Murren and his partners are looking to raise 0 million or more and already had conversations with underwriters, reports Bloomberg. el tachi palace casino

Odds and EndsMurren, 58, acknowledges that the SPAC space is getting crowded this year. He’s correct about that. There have been close to 70 blank check IPOs this year, raising more than billion combined. black bear casino poker That’s a densely populated field. scarlet pearl casino winners But Murren’s comments to Bloomberg indicate he’s wagering his name and experience steering MGM can separate his new entity from the pack. black bear casino in carlton 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. big fish casino customer support 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. firekeepers casino rv parking Evercore ISI analyst Kevin Rippey, seen here in a July interview with CNBC, is bullish on DraftKings stock.

Key Insights and Expert Analysis

(Image: CNBC)Sell-side commentary on the sportsbook operator ivalley forge casino member logins brisk to start this week, with Evercore ISI analyst Kevin Rippey initiating coverage of the name today. He’s the second analyst in as many days to start evaluating DraftKings. Free Slots Heidi Ykmw 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. casino near me mibibippi Brian Christopher Slots New Szov Switzerland Our call on DKNG is fairly straightforward. Aliante Casino Mexican Restaurant Znjm The market under appreciates the pull forward in US states’ plans to legalize online sports betting,” said Rippey in a note to clients. cliff castle casino job openings 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. Four Winds Casino Menu Nuud 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. coushatta casino weather casino gif But the Evercore analyst sees that figure increasing to 40 percent by the start of the 2022 NFL season.

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 opportuvalley forge casino member loginnities. 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. sloto cash casino support live casino top 10 www.indaxis.com “Our Target is based on 40x our 2025 adjusted EBITDA forecast discounted back at 8% to 2020. the hard rock casino in tampa ”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. 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