International edition
June 23, 2021

It says the sector benefits on clearer legal issues

Deutsche Bank upgrades British gambling stocks

(UK).- Deutsche Bank put a “buy” rating on UK online gambling stocks, as it believes the sector is an attractive place for investors to be during the next 12 months. It raised PartyGaming and Playtech, both to buy from hold, and upped PartyGaming’s target price to 310p from 270p, and Playtech’s to 443p from 420p.

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eutsche Bank also initiated coverage on 888 Holdings and Sportingbet, both at buy, with a 129p target on 888 and 84p target on Sportingbet.

It says the sector benefits on clearer legal issues regarding tax and regulation of online gaming, the convergence of online operating models and increased merger and acquisition catalysts.

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