Scientific Games is banking on sports betting at various locations in the United States to strengthen its foothold in the gaming industry.
Recently, the company announced a partnership with FireKeepers Casino Hotel in Battle Creek, MI to launch sports betting and iGaming across the state.
The partnership comes after Michigan governor Gretchen Whitmer signed House Bill 4916 — the Lawful Sports Betting Act last month, which allows the Michigan Gaming Control Board to issue sports gambling licenses to tribal casinos, as well as the three commercial casinos in Detroit. This made Michigan the 20th state in the United States to pass sports betting regulations. Michigan sports betting licenses will cost $100,000, and be renewed annually at $50,000. Tribal sportsbooks will be taxed at 8.4%.
Scientific Games Corp Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Scientific Games is banking on sports betting at various locations in the United States to strengthen its foothold in the gaming industry.
Recently, the company announced a partnership with FireKeepers Casino Hotel in Battle Creek, MI to launch sports betting and iGaming across the state.
The partnership comes after Michigan governor Gretchen Whitmer signed House Bill 4916 — the Lawful Sports Betting Act last month, which allows the Michigan Gaming Control Board to issue sports gambling licenses to tribal casinos, as well as the three commercial casinos in Detroit. This made Michigan the 20th state in the United States to pass sports betting regulations. Michigan sports betting licenses will cost $100,000, and be renewed annually at $50,000. Tribal sportsbooks will be taxed at 8.4%.
Scientific Games Corp Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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