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Super Bowl Picks – Kansas City Chiefs Vs Philadelphia Eagles admin
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Despite Bally’s positive first-quarter earnings report, the stock price may not reflect all of the report’s positives, leading to investor uncertainty. While the company’s brick-and-mortar casino operations performed well, the overall strategy and performance of the US online gambling business may be causing hesitation. Bally’s beat revenue estimates with record physical casino performance, but the actual EPS loss was higher than expected. The North America Interactive division showed improvement in cutting online gambling losses, but the company’s guidance still includes a projected loss for that segment. Bally’s CEO highlighted the progress in cost-savings initiatives and market share in New Jersey, but investors may have questions about the sustainability of these improvements and the company’s future prospects. The recent agreements with Kambi and White Hat Studios to revamp Bally Bet may impact the online gambling product, but it remains uncertain. Investors may be hesitant due to lingering doubts and the stock’s historical volatility.
Fanatics has acquired PointsBet’s US business for $150 millionFanatics has acquired PointsBet’s US business for $150 million, while Aristocrat has purchased NeoGames for $1.2 billion. Fanatics’ deal involves acquiring the […]
