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black hawk casino denver colorado“With online peers trading at ~3x 2022 estimated enterprise value/sales, we believe online gaming is the hidden treasure of the company.Cordish won the second Category 4 auction round in January of 2018 with a .1 million licensing fees.paragon casino breakfastThe gaming venue is the first Pennsylvania satellite to open its doors.24.Cordish held a ribbon-cutting ceremony this week at what is now known as Live!online gambling 2011

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online gambling ohioThat number is steadily increasing via bolt-on acquisitions, including the 2019 purchase of Dover Downs Gaming & Entertainment.Even with all the deal-making, Macquarie says Bally’s is a mid-sized value name that’s not yet fully appreciated by the broader investment community.“Overall, we believe shares are not reflecting the growth in the newly acquired assets and the sport/iGaming exposure.“With online peers trading at ~3x 2022 estimated enterprise value/sales, we believe online gaming is the hidden treasure of the company.‘Hidden Treasure’When factoring the all-important total addressable market (TAM), a point of emphasis among analysts covering gaming companies with online and mobile sports betting exposure, Macquarie sees value in Bally’s.Separately Wednesday, Bally’s said it’s paying 5 million in cash and stock to purchase sports wagering platform provider Bet.casino extreme vip