{"id":246196,"date":"2022-12-02T18:05:46","date_gmt":"2022-12-03T00:05:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=246196"},"modified":"2022-12-02T18:24:02","modified_gmt":"2022-12-03T00:24:02","slug":"entain-stock-has-multiple-growth-regional-catalysts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/","title":{"rendered":"Entain Stock Has World Cup Benefits and More"},"content":{"rendered":"

As the operator of several of Europe\u2019s most prominent sportsbook brands, Entain Plc (OTC:GMVHY) stands as an obvious beneficiary of World Cup betting.<\/p>\n

\"Entain\"
A Ladbrokes betting shop in the UK. Analysts are bullish on operator’s Entain stock. (Image: Yahoo Finance<\/em>)<\/figcaption><\/figure>\n

That\u2019s particularly true with European nations<\/a>, including England, representing eight of the 16 teams left in the tournament. The longer the stays for European sides, the better the potential economics are for Entain and other European sportsbook operators.<\/p>\n

Its extensive portfolio across Europe, in particular, means Entain sees net gaming revenue growing by a high single-digit percentage in the final three months of the year, due to the World Cup. It expects to return to mid single-digit growth the following quarter,\u201d<\/strong> reports Barron\u2019s<\/em>.<\/p><\/blockquote>\n

Entain, which is also one of the dominant sportsbook operators in Australia, owns some of the most attractive wagering properties outside the US, including bwin, Coral, Ladbrokes, and partypoker, among others.<\/p>\n

Entain Has US Catalysts<\/h2>\n

While World Cup wagering is poised to surge in the US this year, there\u2019s much more to Entain\u2019s story in this country.<\/p>\n

\n

The company is a 50\/50 partner with MGM Resorts International (NYSE:MGM) on BetMGM<\/a>. That entity is the largest internet casino operator in the US and second in terms of online sports wagering market share. BetMGM is growing rapidly and closing in on profitability \u2013 an enviable trait in the sports wagering industry in the current environment.<\/p>\n<\/div>\n

As Barron\u2019s<\/em> reports, UBS analysts believe Entain\u2019s current share price undervalues its 50% stake in BetMGM. Additionally, the Coral owner trades at a significant discount to rival Flutter Entertainment (OTC:PDYPY). Flutter is the parent company of FanDuel.<\/strong><\/p>\n

Entain\u2019s also sourcing growth in other markets, including in Europe, as highlighted by a recent spate of acquisitions. In August, Entain announced it is acquiring 75% of Croatia-based SuperSport Group<\/a>. In February, Entain announced it\u2019s paying nearly $235 million to acquire Deis Ltd., the parent company of Avid Gaming. It\u2019s an effort to bolster its footprint in Canada\u2019s newly liberalized sports wagering market.<\/p>\n

Entain Takeover Possibilities<\/h2>\n

While Entain is adding bulk through recent acquisitions, the Coral owner is still rumored to be a potential takeover target — namely by MGM. It\u2019s widely known that the casino operator wants full control of BetMGM and revisiting a takeover offer for its partner is one way of accomplishing that goal.<\/p>\n

In January 2021, MGM attempted to acquire Entain outright for north of $11 billion. But that offer was rejected as inadequate. Now, the issue is the point that Entain also rebuffed a takeover bid from DraftKings last year valued at north of $22.2 billion.<\/strong><\/p>\n

There\u2019s talk that MGM could move to simply acquire the half of BetMGM<\/a> it doesn\u2019t currently own. That\u2019d be more cost-effective than buying Entain outright. But the UK-based company hasn\u2019t signaled it\u2019s willing to part with its stake in the US online gaming entity. If it is ready to have that conversation with MGM, the asking price is likely to be high, though less than a purchase of the entire company.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the operator of several of Europe\u2019s most prominent sportsbook brands, Entain Plc (OTC:GMVHY) stands as an obvious beneficiary of World Cup betting. That\u2019s particularly true with European nations, including England, representing eight of the 16 teams left in the tournament. The longer the stays for European sides, the better the potential economics are for […]<\/p>\n","protected":false},"author":46,"featured_media":246198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[81903,80968],"acf":[],"yoast_head":"\nEntain Stock Has Multiple Growth, Regional Catalysts<\/title>\n<meta name=\"description\" content=\"Entain stock could be winning bet among sportsbook equities, say analysts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entain Stock Has Multiple Growth, Regional Catalysts\" \/>\n<meta property=\"og:description\" content=\"Entain stock could be winning bet among sportsbook equities, say analysts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-03T00:05:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T00:24:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/LB.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/\",\"url\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/\",\"name\":\"Entain Stock Has Multiple Growth, Regional Catalysts\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/LB.jpg\",\"datePublished\":\"2022-12-03T00:05:46+00:00\",\"dateModified\":\"2022-12-03T00:24:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Entain stock could be winning bet among sportsbook equities, say analysts.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/entain-stock-has-multiple-growth-regional-catalysts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/LB.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/LB.jpg\",\"width\":1200,\"height\":800,\"caption\":\"A Ladbrokes betting shop in the UK. Operator Entain could see bids from private equity firms if it decides to sell assets. 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