U.S. Markets close in 4 hrs 21 mins
  • S&P 500

    4,375.22
    +17.49 (+0.40%)
     
  • Dow 30

    34,095.36
    +124.89 (+0.37%)
     
  • Nasdaq

    14,811.53
    +97.62 (+0.66%)
     
  • Russell 2000

    2,183.22
    +1.02 (+0.05%)
     
  • Crude Oil

    70.17
    -0.12 (-0.17%)
     
  • Gold

    1,781.70
    +17.90 (+1.01%)
     
  • Silver

    22.53
    +0.37 (+1.68%)
     
  • EUR/USD

    1.1723
    -0.0004 (-0.0352%)
     
  • 10-Yr Bond

    1.3070
    -0.0020 (-0.15%)
     
  • Vix

    24.61
    -1.10 (-4.28%)
     
  • GBP/USD

    1.3652
    -0.0007 (-0.0505%)
     
  • USD/JPY

    109.2980
    -0.1220 (-0.1115%)
     
  • BTC-USD

    44,590.88
    -3,435.44 (-7.15%)
     
  • CMC Crypto 200

    1,078.26
    +14.42 (+1.36%)
     
  • FTSE 100

    6,970.31
    +66.40 (+0.96%)
     
  • Nikkei 225

    29,839.71
    -660.34 (-2.17%)
     

Singular Research Launches Coverage on Esports Entertainment (GMBL) BLT (Buy Long-Term)

·1 min read
SingularLogo
SingularLogo

 

Esports Entertainment (GMBL)

Newly-public Esports Entertainment (GMBL) offers the most versatile and transparent wagering platform in the $3.6 billion esports gambling market.

gmbl 10 2020
gmbl 10 2020

 

INVESTMENT THESIS

  • The esports fan base is expanding rapidly and expected to reach 590 million by 2022; global gross revenues are estimated at $3.6 billion.

  • Esports Entertainment is well-positioned to capture market growth. It has online gambling licenses in nearly 150 jurisdictions, a best-in-class wagering platform, hundreds of marketing affiliate partnerships and a management team with deep industry experience.

  • The company added UK and Irish gambling licenses through a July acquisition and acquired its first US license in August through a partnership with a New Jersey casino operator.  

  • Esports Entertainment has nearly $12 million of cash to fund acquisitions, platform development and tournament hosting. Management is guiding for FY:21 revenues of $13 million.

  • We initiate coverage with a Buy Long-term rating and a $X.XX price target, which assigns a XXX-times multiple to FY:21 projected revenues.  

 

VISIT: for more information & full report https://www.singularresearch.com/index.php/en/