According to Casino, the White Paper Review is likely to reduce trading prices for gambling companies. This would lead to market consolidation or create conditions that would allow such moves to be profitable to those who are making them.
You need to have fat wallets to buy some of the biggest assets in the industry
Caesars Entertainment could be in a strong position to acquire at least one Flutter asset, FanDuel. FanDuel is a well-known sportsbook in the United States. It would be difficult to see it through. A sports betting jewel like FanDuel would easily strain CaesarsEntertainment’s war chest as FanDuel is expected fetch anywhere from $10 billion to $15 billion.
This could even be double. Flutter Entertainment is currently worth more than Caesars’ purchasing power.
CFTN believes Caesars Entertainment isn’t the only company looking for new riches. Entain and MGM Resorts international may start dancing again.
MGM Resorts International had already declined to acquire Entain. However, CFTN analysts might suggest that this may have been a mistake. MGM Resorts International could see the benefits of acquiring assets, especially Entain, which is a leader within the iGaming vertical. Entain would be a great asset for MGM Resorts International.
The name 888 Holders was also mentioned in the CFTN assessment on the post-White Paper Review industry. This paper could reduce the value of 888 Holdings shares, which have been somewhat affected by the departure of Itai Pasner, the ex-CEO. It is not surprising that consolidation moves are made in the wake major industry changes.
Caesars Entertainment purchased the US assets from William Hill for $4 billion in 2021. Although the company has made good progress in the land-based and sports betting verticals, a further consolidation via the FanDuel brand could prove to be a real jewel in its crown. It will be obvious over time if Caesars has the business acumen and prowess necessary to pull it off.
