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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 48.75+4.1%Oct 26 4:00 PM EDT

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From: Glenn Petersen8/21/2021 12:58:46 PM
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As the WSJ article in the preceding post notes, there will be a limited number of survivors in the online gaming space. Consolidation is inevitable. Right now, these companies are spending outlandish funds on customer acquisition. Once the land grab has been completed, they can cut back on the marketing expense and start generating profits.

I would not be surprised if Rush Street Interactive (stock symbol: RSI) is acquired within the next year.

A few points to ponder:

GNOG is being acquired by DKNG for $1.56 billion.
GNOG had $58 million in revenue for the six months ending June 30, 2021

GNOG 18.86 0.29 1.56% : Golden Nugget Online Gaming, Inc. - Yahoo Finance

RSI has a market cap of $2.64 billion
RSI had $235 million in revenue for the six months ending June 30, 2021

RSI 12.07 0.39 3.34% : Rush Street Interactive, Inc. - Yahoo Finance
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