We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NeoGames' (NGMS) Pariplay Expands Its Presence in the US
Read MoreHide Full Article
NeoGames S.A.'s subsidiary, Pariplay — a leading aggregator and content provider, made its debut in Pennsylvania in partnership with Rush Street Interactive (“RSI”). This marks the fifth US state that Pariplay has ventured into.
Pariplay has been excelling in North America with its diverse content offerings, featuring games tailored to specific player demographics and top-notch content from its proprietary studio, Wizard Games. Pariplay offers an aggregation platform featuring more than 14,000 games from over 120 suppliers. Additionally, it provides essential back-office tools like Fusion Tournaments, Raffle Rocket and Spin That Wheel to enhance player value.
The company remains optimistic in this regard and anticipates this strategic move to enhance Pariplay's position and solidify the company's presence in the competitive iLottery and iGaming market.
Focus on Expansion
Image Source: Zacks Investment Research
Shares of NGMS rose 82.1% in the past year compared with the industry’s 23.1% growth. The company has benefited from strong contributions from digital gaming and its diverse content offerings. Also, its emphasis on expansion efforts bodes well. In first-quarter 2023, the company’s total revenues (plus a share of NPI revenues) were $64 million, up 187% year over year.
Furthermore, the company has been focusing on expanding its U.S. footprint through strategic partnerships. The company's subsidiary BtoBet entered the North American market with a PlayAlberta Sportsbook partnership. Also, the company signed a deal with Scientific Games to deliver its premium NeoGames Studio content to the Pennsylvania Lottery. It expanded its presence in Canada through NeoGames Studio's eInstant games launch with Atlantic Lottery (AL).
Zacks Rank & Key Picks
NeoGames currently carries a Zacks Rank #3 (Hold).
OneSpaWorld Holdings Limited (OSW - Free Report) currently carries a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 37.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for OSW’s 2023 sales and earnings per share (EPS) indicates growth of 44.5% and 117.9%, respectively, from the year-ago period’s levels.
Bragg Gaming Group Inc. (BRAG - Free Report) currently sports a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 31.2%, on average. The stock has surged 18.1% in the past year.
The Zacks Consensus Estimate for BRAG’s 2023 sales and EPS suggests growth of 18.8% and 111.8%, respectively, from the year-ago period’s levels.
Hilton Worldwide Holdings Inc. (HLT - Free Report) flaunts a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 12.5%, on average. The stock has gained 27% in the past year.
The Zacks Consensus Estimate for HLT’s 2023 sales and EPS suggests increases of 14.8% and 23.7%, respectively, from the year-ago period’s levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NeoGames' (NGMS) Pariplay Expands Its Presence in the US
NeoGames S.A.'s subsidiary, Pariplay — a leading aggregator and content provider, made its debut in Pennsylvania in partnership with Rush Street Interactive (“RSI”). This marks the fifth US state that Pariplay has ventured into.
Pariplay has been excelling in North America with its diverse content offerings, featuring games tailored to specific player demographics and top-notch content from its proprietary studio, Wizard Games. Pariplay offers an aggregation platform featuring more than 14,000 games from over 120 suppliers. Additionally, it provides essential back-office tools like Fusion Tournaments, Raffle Rocket and Spin That Wheel to enhance player value.
The company remains optimistic in this regard and anticipates this strategic move to enhance Pariplay's position and solidify the company's presence in the competitive iLottery and iGaming market.
Focus on Expansion
Image Source: Zacks Investment Research
Shares of NGMS rose 82.1% in the past year compared with the industry’s 23.1% growth. The company has benefited from strong contributions from digital gaming and its diverse content offerings. Also, its emphasis on expansion efforts bodes well. In first-quarter 2023, the company’s total revenues (plus a share of NPI revenues) were $64 million, up 187% year over year.
Furthermore, the company has been focusing on expanding its U.S. footprint through strategic partnerships. The company's subsidiary BtoBet entered the North American market with a PlayAlberta Sportsbook partnership. Also, the company signed a deal with Scientific Games to deliver its premium NeoGames Studio content to the Pennsylvania Lottery. It expanded its presence in Canada through NeoGames Studio's eInstant games launch with Atlantic Lottery (AL).
Zacks Rank & Key Picks
NeoGames currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Consumer Discretionary sector are:
OneSpaWorld Holdings Limited (OSW - Free Report) currently carries a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 37.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for OSW’s 2023 sales and earnings per share (EPS) indicates growth of 44.5% and 117.9%, respectively, from the year-ago period’s levels.
Bragg Gaming Group Inc. (BRAG - Free Report) currently sports a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 31.2%, on average. The stock has surged 18.1% in the past year.
The Zacks Consensus Estimate for BRAG’s 2023 sales and EPS suggests growth of 18.8% and 111.8%, respectively, from the year-ago period’s levels.
Hilton Worldwide Holdings Inc. (HLT - Free Report) flaunts a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 12.5%, on average. The stock has gained 27% in the past year.
The Zacks Consensus Estimate for HLT’s 2023 sales and EPS suggests increases of 14.8% and 23.7%, respectively, from the year-ago period’s levels.