{"id":139643,"date":"2020-06-24T09:33:18","date_gmt":"2020-06-24T16:33:18","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=139643"},"modified":"2020-06-24T09:54:38","modified_gmt":"2020-06-24T16:54:38","slug":"morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/","title":{"rendered":"Morgan Stanley Anoints Online Casinos, Sports Betting as Prime Post-Virus Investment Themes"},"content":{"rendered":"

Morgan Stanley is out with a list of investment ideas poised to benefit in a post-coronavirus world, and internet casinos and sports wagering make the cut.<\/p>\n

\"Morgan
Eldorado Resorts is one of Morgan Stanley’s top picks for iGaming and sports wagering expansion. (Image: San Francisco Chronicle)<\/figcaption><\/figure>\n

The bank says the pandemic is causing dramatic alterations in consumer consumption and spending, and that those shifts have long-ranging investment implication. In a recent note to clients, Morgan Stanley highlights 50 mega-trends receiving more attention because of COVID-19. Those themes are grouped into six categories, including e-services, where the bank slots online betting.<\/p>\n

The impacts of Covid-19 on macro trends and individual consumer behaviors will affect investing fundamentals for years to come,\u201d according to the brokerage firm.<\/p><\/blockquote>\n

The gaming industry is shaping up to be one of the epicenters of shifts mentioned by the bank. A shutdown of domestic casinos forced by the pandemic prompted some gamblers to move online. In states such as New Jersey and Pennsylvania<\/a>\u00a0where internet slots and table games are permitted, revenue generated from those activities jumped during the land-based casino closure period.<\/p>\n

Broad Theme With Familiar Fuel<\/h2>\n

Morgan Stanley includes concepts such as fintech (contactless payments and digital banking) and telehealth in its e-services universe, along with iGaming and sports wagering. The bank frequently mentions the idea that the coronavirus will serve as an impetus for more states to embrace<\/a> web-based casinos and sports wagering.<\/p>\n

\n

It’s not alone. Over the course of the economic shutdown, Wall Street analysts speculated that cash-starved states would consider gaming expansion to replenish depleted coffers. Budget gaps are likely to \u201ccompel states to legalize gambling more broadly in order to increase tax revenue,\u201d notes Morgan Stanley.<\/p>\n<\/div>\n

At least 27 states face budget shortfalls of 10 percent or more. Of that group, at least nine are mulling cannabis legalization as soon as this year to increase revenue, while a minimum of four \u2013 Louisiana, Maryland, South Dakota, and Virginia \u2013 will put sports betting proposals<\/a> before voters on the November ballot.<\/p>\n

How to Play The Online Boom<\/h2>\n

Morgan Stanley highlights DraftKings (NASDAQ:DKNG), Eldorado Resorts (NASDAQ:ERI), and Penn National Gaming (NASDAQ:PENN), among others, as the best ideas for investors looking to tap iGaming and sports wagering expansion.<\/p>\n

The bank was among the first to initiate coverage of DraftKings following the company’s April 24 initial public offering. Analyst Thomas Allen saying the firm is \u201can almost pure play\u201d on internet casino and sports wagering growth in the US<\/strong>.<\/p>\n

Regarding Penn National, that stock is up 178.23 percent in the current quarter. A slew of analysts are hopping on the bandwagon, citing the two aforementioned catalysts, though some that cover the name believe the operator’s land-based casino business is now under-appreciated<\/a> because the investment community is so intensely focused on sports betting.<\/p>\n

As for Eldorado, that company’s online casino and sports wagering profiles will get big face lifts when it seals its $17.3 billion acquisition of Caesars Entertainment (NASDAQ:CZR). The combination of Caesars’ brand recognition and deep sports betting footprint are earning ERI kudos on Wall Street<\/a> as a desirable gaming growth idea.<\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley is out with a list of investment ideas poised to benefit in a post-coronavirus world, and internet casinos and sports wagering make the cut. The bank says the pandemic is causing dramatic alterations in consumer consumption and spending, and that those shifts have long-ranging investment implication. In a recent note to clients, Morgan […]<\/p>\n","protected":false},"author":46,"featured_media":139645,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\nMorgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World<\/title>\n<meta name=\"description\" content=\"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World\" \/>\n<meta property=\"og:description\" content=\"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-24T16:33:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-24T16:54:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1622\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/\",\"url\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/\",\"name\":\"Morgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg\",\"datePublished\":\"2020-06-24T16:33:18+00:00\",\"dateModified\":\"2020-06-24T16:54:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg\",\"width\":2048,\"height\":1622,\"caption\":\"Eldorado Resorts is one of Morgan Stanley's top picks for iGaming and sports wagering expansion. (Image: San Francisco Chronicle)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Morgan Stanley Anoints Online Casinos, Sports Betting as Prime Post-Virus Investment Themes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Morgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World","description":"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Morgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World","og_description":"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.","og_url":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-06-24T16:33:18+00:00","article_modified_time":"2020-06-24T16:54:38+00:00","og_image":[{"width":2048,"height":1622,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/","url":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/","name":"Morgan Stanley Is Bullish on iGaming, Sports Betting in Post-Virus World","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg","datePublished":"2020-06-24T16:33:18+00:00","dateModified":"2020-06-24T16:54:38+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Morgan Stanely sees consumer shifts caused by COVID-19 providing fuel for the growth of online casinos and sports betting.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/ERI2.jpg","width":2048,"height":1622,"caption":"Eldorado Resorts is one of Morgan Stanley's top picks for iGaming and sports wagering expansion. (Image: San Francisco Chronicle)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/morgan-stanley-is-bullish-on-igaming-sports-betting-in-post-virus-world\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Morgan Stanley Anoints Online Casinos, Sports Betting as Prime Post-Virus Investment Themes"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/139643"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=139643"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/139643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/139645"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=139643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=139643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=139643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}