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KeithBinns
Analysts continued to buzz over the potential sports activities betting partnership between DraftKings (NASDAQ:DKNG) and Disney (DIS).
BTIG analyst Clark Lampen and workforce imagine DraftKings (DKNG) is extra assured in its product and {that a} EPSN deal would enable it to chase market share in each current states and the foremost ones that the model has but to launch. Crucially, EPSN can be seen as potential automobile to launch worldwide enlargement.
Needham takes that although a step additional by speculating on potential enlargement into India. Analyst Bernie McTernan famous that press stories and trade sources the agency has spoken to point India could possibly be shifting in the direction of sporst betting regulation.
India known as an enormous alternative with stories indicating $1.5B in cell income this 12 months in an unregulated market.
“Given the present fairness markets, we’d be stunned if DKNG would act on this chance on a standalone foundation. Nonetheless, attacking this chance with Disney+HotStar could possibly be extra attention-grabbing given the management place Disney+HotStar has available in the market.”
Underneath the India state of affairs, DraftKings (DKNG) may provide the tech to a three way partnership with HotStar being the model title. Notably, Disney+Hotstar maintain the sports activities rights for cricket leagues, kabaddi, Wimbledon, English Premier League, and extra in India.
Shares of DKNG fell 0.60% in premarket buying and selling on Monday to $16.47.
DKNG was listed as one among Looking for Alpha’s shares to look at this week.
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