Sign Up: our FREE Website

Sign Up: our FREE Website

Categories

Industry

1 2 3 38
eResearch is pleased to publish our Initiating Report on Newgioco Group, Inc. (OTCQB: NWGI). We are Initiating Coverage on Newgioco with a 1-year price target of $1.30. Newgioco is a vertically integrated organization engaged in the leisure gaming (gambling) industry, primarily in Italy but currently expanding worldwide. Newgioco generates revenues from providing retail land-based and web-based gambling products and services in regulated countries and offers solutions for both the Business-to-Business (B2B) and Business-to-Consumers (B2C) markets. The Company's forecasted double-digit growth over the next year, in the Italian retail gaming market, could be accelerated with tactical acquisitions. Over the next several years, Newgioco is poised to capture some of the recently deregulated, multibillion-dollar, U.S. sports betting market through the Company’s proprietary betting platform (ELYS™). We believe that Newgioco is overlooked and undervalued in the market, and it is also trading at a discount to peers.

Continue reading
1 2 3 38