Market Round Up: Betting USA & Government Outsourcing

by | 30 Jul, 2018

1. Betting U.S.A.

Last May the U.S. Supreme Court legalised sports betting. It did not take long for betting experts to jockey in to the market and carve up a slice of what is certain to become a massive industry. Unsurprisingly, it has been a British high street bookmaker that has made the mark.

GVC owned Ladbrokes is forming a joint venture with casino operator MGM Resorts. Ladbrokes will be bringing its long sports and online betting experience, which it garnered in the liberal gambling fields of UK and Europe, to MGM’s casinos and hotel resort properties across the U.S.

It will be interesting to see if other bookies, such as Paddy Power, William Hill and Playtech, will also make the crossing.

 

2. UK Outsourcing. Un-loved and un-sexy

Outsourcing has never grabbed the headlines in the same way as, say, tech companies. And certain sectors of outsourcing, especially government outsourcing, have never had good publicity. But perhaps this unloved sector deserves better attention.

In the UK outsourcing has been de-rigour for past and present governments. Unfortunately, many of the deals done have been deservedly ridiculed by the public for their perceived poor returns and zero accountability. Take a look at Capita and Carillion, the go-to outsource companies for every government department. One went bust, the other is undergoing a massive shake-up in order to survive. As the Capita CEO, Jonathan Lewis, declared. “For the first time, Capita is running a business rather than (just) handling a collection of contracts”. That, pretty much sums up the cash-cow view of state outsourcing. But at least now it has some hope, and therefore worth closer investment scrutiny because, after all, they have a guaranteed order book.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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