The new year is just a week old, but prospects for new states approvong iGaming this year already appear dim, according to one analyst. A billboard advertising DraftKings’ online casino operations in Pennsylvania is seen along a highway near Pittsburgh. An analyst said iGaming expansion is likely to be modest this year. (Image: The Wall Street Journal) In a new report on DraftKings (NASDAQ: DKNG) — one of the gaming stocks that would benefit from more states embracing online casinos — Deutsche Bank analyst Carlo Santarelli said the operator’s ability to meet and/or exceed 2025 earnings and revenue guidance is paramount because there’s likely to be little in the way of legislative action to spark the shares. Given current valuation, as well as the hiccups in 2024 with respect to guidance, we see the achievability of the 2025 target as the single biggest driver of shares,” noted the analyst. “Further, we believe an inability to deliver 2025 guidance will cast… Read More
Category: Financial, iGaming, Legislation
Source: Casino.org
