thus a Fanatics-Tipico-RSI tie-up could make sense since RSI outsources OSB functions anyway,\u201d said the analyst.<\/strong><\/p>\niGaming Economic Sensitivity<\/h2>\n
The online casino industry is still in its infancy, meaning it hasn\u2019t previously been tested by high inflation and the specter of a sluggish economy. But the land-based casino group has a history of surprising economic resilience, so it\u2019s possible that transfers to the internet space.<\/p>\n
\u201cSome investors are questioning iGaming’s sensitivity to economic headwinds related to inflation\/gas prices, but this is difficult to quantify. Even over 2008-2010, global iGaming\/OSB GGR grew 10%+, as secular tailwinds overpowered economic headwinds,\u201d concludes Engel.<\/p>\n
The analyst points out internet casino equity valuations are \u201cbottoming\u201d around 2x sales. But Fanatics\u2019 possible entry into the fray implies investors should proceed with caution.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s July, meaning sportsbook operators are smack in the middle of the annual seasonal slowdown owing to a slow sports calendar. But it\u2019s possible June through August lethargy could provide support to downtrodden sports betting equities. In a recent note to clients, Roth Capital analyst Edward Engel says second half comparisons against last year\u2019s numbers […]<\/p>\n","protected":false},"author":46,"featured_media":220373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Sportsbook Promo Spending Declining, Fanatics Lurking<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n