A while back esports and sports betting seemed to be a world of limitless potential and market capitalizations of companies operating in the sector reflected that. Now, however, as the logistics and the legalities of running online betting and the utterly profitless of running an esports team have hit home and companies as well as investors are starting to disappear. Is the sector a wash?
Equity Guru founder, Chris Parry, believes that there is still value to be found and names three ventures, FansUnite (FANS.C), Tiidal Gaming Group (TIDL.C) and X1 Entertainment (XONE.C), he thinks defy the sector’s current malaise and just might be long-term value builders.
Wherefore art thou sports betting and esports?
A while back esports and sports betting seemed to be a world of limitless potential and market capitalizations of companies operating in the sector reflected that. Now, however, as the logistics and the legalities of running online betting and the utterly profitless of running an esports team have hit home and companies as well as investors are starting to disappear. Is the sector a wash?
Equity Guru founder, Chris Parry, believes that there is still value to be found and names three ventures, FansUnite (FANS.C), Tiidal Gaming Group (TIDL.C) and X1 Entertainment (XONE.C), he thinks defy the sector’s current malaise and just might be long-term value builders.
Enjoy!
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