Media Update, page-1055

im only speculating , but HG Vora must be heavily manipulating the share price still.

i wonder when they will stop.

however, patience is required during these off peak times as we wait for 2022 momentum to kick in early Jan.

todays price reflects 1.8bn AUD value, less cash , 1.2bn AUD or 875m USD for PointsBet.

wow. im def surpirised it is this low for this long.

the Aussie business is growing fast and prob operating at 50m EBITDA p.a , this is prob worth 400-500m AUD alone, so the US business is worth 800m AUD or 575m USD ???

but you have rush street and ballys going at 2/3x that valuation and PointsBet has better everything than these brands.

NY live mid Jan, Canada late Jan, and Qtr results late Jan might just be the catalysts to get the price back to $9 or $10.

for the record, i wouldn't be surprised to see net win for the US business of around 35-40m AUD. more than double from the previous qtr and with a better qtr from Aus, could see total net win at 100m which should at least cover all costs and show that the loss making is easing up and turning around imo

bear in mind, draft kings fanduel bet MGM Ceasers, the big 4, are all in the red still despite taking +10% market share each and are forecasting profits to start in 2023, the industry will turn profitable in under 12 months , this is when the M&A starts