Price at writing: Shown at USD $121.31 a share, it sits in the lofty triple-digit territory only shared with Churchill Downs ( CHDN) at $308.

Let's have a capsule look at PPB, a good UK bookmaking operator. So, to buy PPB stock on the basis of this acquisition to us is at best, premature. Their shot at winning their share of sports betting deals with the states in which they already operate casinos or racetracks is unimpaired by the PPB deal. In reality, the deal poses little or no threat whatsoever to the odds of the named companies. But it is something of a stretch to see the move as a 'threat' to these US regional gaming operators. In fairness, the merger is notable and will provide PPB with some leverage. If investors were to buy into the premise of that article, one might be making a bet on a thin premise. In my honest opinion, they are dead wrong Nothing wrong with that assumption except that the article goes on to see this merger as a potential threat to regional casino operators like Caesars ( CZR ), Boyd Gaming ( BYD ), and Penn National Gaming ( PENN ). The logic: PPB's existing casino/poker platform that leads the online New Jersey space in revenue now gives a solid story to tell legislators across the country as to why they would be a powerful, proven entity to run its sports betting operations. The prize, as PPB sees it, is FanDuel's US database of 7 million fantasy sports players. The deal committed PPB to contribute U.S assets worth $612m plus $158m in cash in exchange for a 61% stake in the combined businesses. The article posited the idea that Paddy Power Betfair ( OTCPK:PDYPF) had acquired one of the two leading fantasy sports sites in the US, FanDuel. Last week, a post on the website of Investors Business Daily led with this headline: Why this merger May Threaten Casino Stocks Eying sports betting bonanza. What's most critical for investors now is to place their bets on the companies with the best odds, as they see it, based on the massive amount of opinion and data now pouring forth online. Everyone is quite naturally entitled to take a stab at where this newly born, potential giant is headed, and all have their investor case to make. Since the May 14th, US Supreme Court decision that struck down the anti-sports gambling PASPA law, there has been a literal gusher of prognostication (including some from yours truly) about which companies and which stocks might be best aligned to cash in on the potential $150 billion market.Īnalyst and observer sentiment is all over the place. 'As you think, so you become… our busy minds are forever jumping to conclusions, manufacturing and interpreting signs that aren't there…' Epictetus

Casinos owned by paddy power betfair