Churchill Downs, Incorporated (CHDN) Social Stream
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$SEAH $PENN $CZR $PDYPY $CHDNPolish_pickle, published August 15, 2021
DraftKings deal was valued $2.7 bill. Merger with Diamond Eagle, DraftKings & SBTech. So..
$SEAH stock merging with Super Group ‒ $4.75 bill pre-money equity valuation. Which will be debt-free & have approximately $200 mill in cash on its balance sheet at closing. Delivered $1.1 bill in net gaming revenue (NGR) & $259 million EBITDA in 2020 on a pro-forma basis & forecasts:
NGR of more than $1.5 bill & EBITDA of over $350 mill in 2021 NGR of more than $1.7 bill & EBITDA of over $420 mill in 2022.
The (SUPER) group is licensed in 23 jurisdictions throughout Europe, the Americas & Africa, took in more than $42 billion in wagers in the 12 months to March 2021 & currently has over 2.5 mill monthly unique active customer. Diamond Eagle Acquisition Corp. trade under 10 dollars pre-merger then up to 17+. Warrants 1.80ish shot to 7ish. Do the math! I was in on DEAC premerger . F-IT Yall do you! Come in late & miss the real money party! Know what time it is
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Other tickers frequently mentioned alongside CHDN
are PENN, CZR and PDYPY.
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