Michael Hakes - CFA, MBAFlutter EntertainmentFLTR.LDON'T BUYSep 15, 2023
International sports betting & gaming business (Poker Stars etc.). $12 billion in revenues. Total market for sports betting and gaming is growing. Market share difficult to gain. Challenging business model with uncertain regulation. Consumer protection regulation & money laundering also a concern. Would not recommend investing.
Online gambling business based in Europe. Largest asset is USA business units DraftKings and Fan Duel. Very well run company. Managed excessive tech bubble well - didn't raise too much money. Good to buy on share price weakness.
International sports betting & gaming business (Poker Stars etc.).
$12 billion in revenues.
Total market for sports betting and gaming is growing.
Market share difficult to gain.
Challenging business model with uncertain regulation.
Consumer protection regulation & money laundering also a concern.
Would not recommend investing.