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Nov 25 2020, 06:45 GMT
Gamesys Group (GYS) has a short history but a bright future. In just six years, it has assembled valuable positions in key markets and delivered attractive growth. If it repeats this progress across a broader set of geographies, it can be a key beneficiary of the continued roll-out of global online gaming markets. It is not yet the complete operator – it contends with an uncertain regulatory backdrop, high geographic concentration and limited US progress to date. However, a promising growth runway, significant investment capacity and an attractive valuation create an interesting investment opportunity. We initiate with an ‘Outperform’ recommendation.
Nov 25 2020, 06:45 GMT