Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

<ul>
<li>New management, stronger financials has produced a succession of earnings beats: M&amp;A moves in CEO crosshairs plus broadening of platform marketing outside the EU.</li>
<li>Among company's key targets in Asia is India, as its internet penetration and gaming profile ramps up. Legality of online wagering fuzzy, mostly gray area. Casinos legalization largely left to states.</li>
<li>EU decline in poker business to be offset by moves in Asia with real money casino betting and rapidly growing sports betting and fantasy…</li>
</ul>


New management, stronger financials has produced a succession of earnings beats: M&amp;A moves in CEO crosshairs plus broadening of platform marketing outside the EU.
Among company's key targets in Asia is India, as its internet penetration and gaming profile ramps up. Legality of online wagering fuzzy, mostly gray area. Casinos legalization largely left to states.
EU decline in poker business to be offset by moves in Asia with real money casino betting and rapidly growing sports betting and fantasy…


Global Online Wagering Projected Growth to Reach US$60 Billion by 2020: Time to Look at Amaya,Inc.

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for Tatts. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/018/092/original/SK%20M&amp;A%20-%20Tatts%20Group%20Ltd%20%28TTS%20AU%29%20-%20Tabcorp%20Holdings%20Ltd%20%28TAH%20AU%29.png?1482384219" class="editor-image img-responsive" data-smartkarma-image-id="18092"></figure>In addition, there has been talks that <a href="https://www.smartkarma.com/entities/22210" target="_blank" data-smartkarma-citation="entities:22210:1">William Hill PLC (WMH LN)</a> and <a href="https://www.smartkarma.com/entities/22027" target="_blank" data-smartkarma-citation="entities:22027:1">Ladbrokes PLC (LAD LN)</a> are interested in Tatt's wagering arm which has been priced at AUD 1.00 to 1.60 / Tatts share (AUD 1.47bn to AUD 2.35 bn)In this insight, we take examine how much Tabcorp can increase its cash and scrip ratio before:<ol><li>The transaction becomes dilutive to…</li></ol>

Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for Tatts. In addition, there has been talks that William Hill PLC (WMH LN) and Ladbrokes PLC (LAD LN) are interested in Tatt's wagering arm which has been priced at AUD 1.00 to 1.60 / Tatts share (AUD 1.47bn to AUD 2.35 bn)In this insight, we take examine how much Tabcorp can increase its cash and scrip ratio before:The transaction becomes dilutive to…

Tatts / Tabcorp - What's the Table Limit on Tabcorp's Bet?

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
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Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

Thematic (Sector/Industry)

Last week the immediate shock from the Brexit eased considerably. It has become clear that all the Brexit vote really did was guarantee a prolonged period of uncertainty. It has also become clear that it will take months to gauge the impact that this prolonged period of uncertainty will have on both the Eurozone and global economy.

Last week the immediate shock from the Brexit eased considerably. It has become clear that all the Brexit vote really did was guarantee a prolonged period of uncertainty. It has also become clear that it will take months to gauge the impact that this prolonged period of uncertainty will have on both the Eurozone and global economy.

What Investors Should Be Asking About A Brexit

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund <a href="https://www.smartkarma.com/entities/22754" target="_blank" data-smartkarma-citation="entities:22754">Vietnam Enterprise Investments Limited</a>, which currently trades on the Irish Stock Exchange, may trade on the main market of the London Stock Exchange next month.  The company plans to hold an Extraordinary General Meeting on June the 21st to vote on the approval of this transfer, which is expected to potentially take place next month.  The fund currently manages over $850 million, and is most notable for…

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund Vietnam Enterprise Investments Limited, which currently trades on the Irish Stock Exchange, may trade on the main market of the London Stock Exchange next month.  The company plans to hold an Extraordinary General Meeting on June the 21st to vote on the approval of this transfer, which is expected to potentially take place next month.  The fund currently manages over $850 million, and is most notable for…

Dragon Capital's VEIL Fund: A 3rd London Listing for Vietnam May Emerge Next Month

United Kingdom

William Hill plc provides bookmaking services in the United Kingdom.  The Group, which operates licensed betting offices, telephone based-betting operations, and online betting, offers odds and takes bets on an assortment of sporting and other events.  William Hill's betting offices provide access to real-time sports information via television and audio satellite links.

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William Hill (WMH LN)

Global Online Wagering Projected Growth to Reach US$60 Billion by 2020: Time to Look at Amaya,Inc.

New management, stronger financials has produced a succession of earnings beats: M&A moves in CEO crosshairs plus broadening of platform...

Howard J Klein

Tatts / Tabcorp - What's the Table Limit on Tabcorp's Bet?

Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for...

Crispin Francis

What Investors Should Be Asking About A Brexit

Last week the immediate shock from the Brexit eased considerably. It has become clear that all the Brexit vote really did was guarantee a prolonged...

David Riedel

Dragon Capital's VEIL Fund: A 3rd London Listing for Vietnam May Emerge Next Month

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund Vietnam Enterprise Investments Limited, which currently...

Nomadic Equity

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