GamingPublic.com Comments on Sportsbook Wagering for First Quarters of 2006
Wednesday January 11, 12:30 pm ET
<TABLE height=4 cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD height=4></TD></TR></TBODY></TABLE>
Doom and Gloom of NFL Season Should Not Affect Long-Term Prospects
LOS ANGELES-Jan. 11, 2006--GamingPublic.com, the center for investment information on Internet gambling, is pleased to highlight the positive aspects of the upcoming quarters as they relate to the online sports betting industry.
Recent comments and guidance revisions by some companies have caused some analysts to downgrade EPS outlooks. This is due to a majority of "favorites" winning 13 weeks during the regular NFL season. There have been only two seasons since 1989 when favorites had an overall winning record against the spread and those percentages were barely above .500. This year, it was about 58%.
Whilst we agree with many in the business who have stated that this has been the worst season for online books in the history of the industry, GamingPublic.com believes that the first 2 quarters of 2006 will be stellar because of the extra sports events featured this year including the Winter Olympics, and the FIFA World Cup of Soccer (Football).
And we also expect March Madness, the NBA and NHL playoffs to help offset the losses experienced during the winter season.
Companies to watch include:
BetOnSports PLC (LSE:BSS - News) with its acquisitions of MVPSportsbook, Player Super Book and V-Wager will see an increase in total wagers system wide. And Morgan Stanley announced recently that it has $25.6 million worth of shares in the Company giving it some stability in the long term.
Party Gaming PLC (LSE:PRTY - News) is rumored to be looking to acquire an existing SportsBook operation, which would further complement its suite of products. Poker has an excellent conversion rate to punting action and a purchase would definitely be a good move for the Company.
Sportingbet PLC (LSE:SBT - News) continues to beat expectations and is poised to capture an excellent share of the European punting action this spring, given their increasing focus on international events. Analyst Jon Tarasewicz of Deutsche Bank reiterated his "buy" rating on the Company in December with a target price raised from 450p to 460p.
About the GamingPublic.com
GamingPublic.com provides information on the Internet gambling business (I-Gaming), investing and investment in publicly listed companies within the Industry. The Company presents analysis on a number of products including online poker, Internet casinos, sportsbooks, lotteries, and pari-mutuel racing. GamingPublic.com also provides updated news and commentary on legal and financial aspects of the industry. The views and opinions expressed are those of the author(s) only. The content contained herein is not intended to be and is not an advertisement for any securities of any company that has been mentioned.
Please visit www.GamingPublic.com IGaming Investment Analysis.(TM)
Wednesday January 11, 12:30 pm ET
<TABLE height=4 cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD height=4></TD></TR></TBODY></TABLE>
Doom and Gloom of NFL Season Should Not Affect Long-Term Prospects
LOS ANGELES-Jan. 11, 2006--GamingPublic.com, the center for investment information on Internet gambling, is pleased to highlight the positive aspects of the upcoming quarters as they relate to the online sports betting industry.
Recent comments and guidance revisions by some companies have caused some analysts to downgrade EPS outlooks. This is due to a majority of "favorites" winning 13 weeks during the regular NFL season. There have been only two seasons since 1989 when favorites had an overall winning record against the spread and those percentages were barely above .500. This year, it was about 58%.
Whilst we agree with many in the business who have stated that this has been the worst season for online books in the history of the industry, GamingPublic.com believes that the first 2 quarters of 2006 will be stellar because of the extra sports events featured this year including the Winter Olympics, and the FIFA World Cup of Soccer (Football).
And we also expect March Madness, the NBA and NHL playoffs to help offset the losses experienced during the winter season.
Companies to watch include:
BetOnSports PLC (LSE:BSS - News) with its acquisitions of MVPSportsbook, Player Super Book and V-Wager will see an increase in total wagers system wide. And Morgan Stanley announced recently that it has $25.6 million worth of shares in the Company giving it some stability in the long term.
Party Gaming PLC (LSE:PRTY - News) is rumored to be looking to acquire an existing SportsBook operation, which would further complement its suite of products. Poker has an excellent conversion rate to punting action and a purchase would definitely be a good move for the Company.
Sportingbet PLC (LSE:SBT - News) continues to beat expectations and is poised to capture an excellent share of the European punting action this spring, given their increasing focus on international events. Analyst Jon Tarasewicz of Deutsche Bank reiterated his "buy" rating on the Company in December with a target price raised from 450p to 460p.
About the GamingPublic.com
GamingPublic.com provides information on the Internet gambling business (I-Gaming), investing and investment in publicly listed companies within the Industry. The Company presents analysis on a number of products including online poker, Internet casinos, sportsbooks, lotteries, and pari-mutuel racing. GamingPublic.com also provides updated news and commentary on legal and financial aspects of the industry. The views and opinions expressed are those of the author(s) only. The content contained herein is not intended to be and is not an advertisement for any securities of any company that has been mentioned.
Please visit www.GamingPublic.com IGaming Investment Analysis.(TM)
