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Entain and the (changing) world of gambling

The sports gambling world is changing. It is not just that if we want to put ten quid on the Grand National, we access the internet rather than pretending we know how to go into a bookies, but is a reference to the UK gambling regulator’s new white paper which could be published by Easter. I say ‘could’ because it is already late, and lots has happened in the gambling world during the COVID-19 era period already.

NEWSFLOW

Entain (#ENT) – Q3 net gaming revenue +2% YoY, FY “expected to be in line with previous guidance”

NEWSFLOW

Entain (#ENT) – Q1 net gaming revenue +31% “supported by the return of Retail”, in line with expectations

NEWSFLOW

Entain (#ENT) – Q3 net gaming revenue +4%

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Sports betting and the worlds of Entain and Playtech

The first time I mentioned shares in the international sports betting and gambling company Entain (ENT) it was known as GVC and we knew it best for brands such as bwin, Coral, Ladbrokes, Foxy Bingo, Gala, partypoker and PartyCasino. But I noted back in July, whilst you could make positive chat about the then European football championship, on the growth of its BetMGM exposure ‘the US is playing catch-up given a lot of online sports gambling has only recently been allowed’. You can call if right or wrong, but that is a 2020s reality.

NEWSFLOW

Entain (#ENT) – considering a 2800p per share, shares & cash (630p), further proposal from DraftKings

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Will Entain be that worried if England or Italy win on Sunday?

It is nice to see Entain (ENT) shares pushing up to a new all-time high today. It took a bit of time for my Christmas 2019 tip to work out and - helped by doubling up my exposure a few months later - an investment in the company originally known as the ‘international sports betting and gambling company GVC’ has worked out really well.

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So much excitement about US gambling at Entain (and quite possibly too much!)

Back in early March, here, I talked about the fantastic performance of Entain (ENT) which was originally known as GVC.  The shares have really had a remarkable last year and - especially if you added back in the dog days of March-May last year - it has been a good ‘un.  After all, whilst we used to go to a betting shop, nowadays so much of the focus is on online sports betting and gaming, meaning ownership of Ladbrokes, Coral, BetMGM, Bwin, Sportingbet, Eurobet, partypoker, partycasino, Gala and Foxy Bingo gives you a bunch of different and successful franchises. 

NEWSFLOW

Entain (#ENT) – Q1 net gaming revenue decline limited to -13% due to online growth

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Should you keep on punting growing online sports giant Entain?

An excitable day today as I had my first Covid-19 vaccine (thanks for all those involved including a stock I have not held for years, AstraZeneca (AZN)) and the further progress at Aviva (AV) was very pleasing. As I noted about the latter here, a couple of weeks ago, its simplification process remains strong. For what it is worth, my own target price has risen up by a few more pence above four quid and there is even a 5% plus dividend yield on offer. The shares are still a strong hold for me.