Short: aug 22nd meeting will probably turn into a launch announcement NJ launch before NFL season PENN and John Levy price premiums at 59c CAD
Mid-Term: united states 2018: 150B sports betting revenue vs. ~15B cannabis revenue large insider holdings
Long term: PENN deal gives future-proofing into the states as the legalize over the years Canada should legalize as a form of taxation, have made bullish statements regarding working with companies.
overall very bullish, everyone is crying out for a recession not knowing sports betting will be the next boom cycle. will be looking into esports avenues depending on how esports sports betting goes as the another upside potential in companies like EGLX.
Note
better view of the resistances for the mid term future, I expect 75c to promptly get touched once 67c is flipped. price discovery from then on wards.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.