Looking back on the recently completed Global Gaming Expo, analysts for Jefferies Equity Research saw “long-term upside opportunities,” particularly for online sports betting. Their findings were summarized by James Wheatcroft in a October 5 investor note.
Complicating the picture were the Brazilian iGaming and OSB ban, and “regulatory noise” regarding prediction markets in the United States. Of the former, it was said that the Brazilian government’s sudden action “undermines confidence and will likely pressure valuation multiples across gaming. ”
iGaming opportunity was espied in the US, especially once the midterm elections are done. Diminished funding from the federal government was named as the motivation.
