The last trade hit the tape Thursday at $7.02, up over 6% on the day. It also has a $50 price target, above the Wall Street consensus target of $43.88. However, GMBL is short on cash and there is minimal interest in esports wagering at the current moment. Tencent Holdings is a highly diversified Chinese tech stock and media giant, with performance subject to a wide variety of projects and investments in areas outside of gaming and esports. GMBL was one of the top-gainers on Monday, June 15. Data provided by Edgar Online. The company's … The stock is ranked #6 of 20 stocks in the Entertainment – Casinos/Gambling category. If you believe members of the Generation Z age cohort and young millennials will eventually favor esports gambling as opposed to regular sports gambling, you should give serious consideration to adding GMBL to your “buy it and forget it” portfolio. The, average analyst price target for DKNG is $43.29, , meaning there is upwards of 8% upside. A single injury to a star player has the potential to ruin a season-long fantasy sports team, ultimately making daily and weekly contests that much more appealing. Since launching its flagship brand, Sportnation, in the summer of 2017, Argyll has established itself as a fast-growing and innovative gaming company within the U.K. and Irish market, leveraging the expertise of its 40 strong staff in marketing, technology, risk management and regulation to offer its customers an entertaining, safe and secure online gaming experience, an award-winning rewards program and access to exclusive and proprietary sports and gaming content. The 6 to 3 ruling was a victory for states that had long considered allowing sports gambling as a way to encourage tourism and tax revenue. Look for MGM to move toward the analysts’ high forecast of $24 before year’s end, assuming the economy remains open. However, even if only three of the four major sports resume play, sports gambling stocks are sure to benefit. Plus, Esports Entertainment was the “first online gambling company trading on an American stock exchange,” so it’s an early entrant into what could be a very lucrative niche. The company entered the market back in April in a time when most companies were putting off their initial public offerings. Subscriber Agreement & Terms of Use Esports Entertainment News: Why GMBL Stock Is Surging 12% Today, Esports entertainment achieves 400% growth in new registered users during tournament, The $13 Billion Market Opportunity In eGaming, Allied Esports cheers on launching first legal esports betting opportunity in New Jersey, Esports Entertainment to acquire Esports Gaming League, shares +10%, These 5 Gambling Stocks Could Help You Hit the Jackpot, Allied Esports partners with Esports Entertainment to launch series tournament, Esports Entertainment to acquire Argyll Entertainment, Esports Entertainment Group Generates 400% Growth in New Registered Users During VIE.gg CS:GO Legend Series Tournament, Esports Entertainment Group Provides FY21, FY22 Organic Revenue Guidance & Long-Term Revenue Opportunity, Esports Entertainment Group Takes Control of its Tech Stack with Acquisition of FLIP Sports Assets, Esports Entertainment Group to Present at the 9th Annual Gateway Conference on September 10, 2020, Esports Entertainment Group Strengthens Board with New Independent Director, LD Micro -- 360 Companies Set to Present this Week, NetworkNewsBreaks - Esports Entertainment Group Inc. (NASDAQ: GMBL) and Allied Esports Entertainment Inc. (NASDAQ: AESE) to Launch Inaugural VIE.gg CS:GO Legend Series Tournament, Esports Entertainment Group and Allied Esports Announce Participating Teams for Inaugural VIE.gg CS:GO Legend Series Tournament, Allied Esports and Esports Entertainment Group Announce Participating Teams for Inaugural VIE.gg CS:GO Legend Series Tournament, 9th Annual Gateway Conference to Virtually Showcase Leading Companies on September 9-10, 2020, Esports Entertainment Group Signs LOI to Acquire the Esports Gaming League, Esports Entertainment Group to Present at The LD 500 Virtual Conference, 3-month Change in Institutional Ownership Signals Bullish Stocks: $GMBL $PXS $BIMI, Esports Entertainment Group Partners with Twin River Worldwide Holdings, Inc. to Launch Online Sports Betting in New Jersey, Esports Entertainment Group, Inc. operates as an online gambling platform.

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