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By Tyler Pack
2020 was probably the most bizarre year for the casino industry compared to most of the market, with some stocks skyrocketing and others tanking. Gambling establishments such as Wynn Resorts, Las Vegas Sands, and Melco Resorts lost value and underperformed the market last year.
On the other hand, online gambling stocks like DraftKings and Penn National Gaming went uphill to more or less three times their value last year because capitalists bet they’d be the highest growth stocks in the industry. Unfortunately, expectations for online gambling stocks might have gotten too high.
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Experts predict that online gambling stocks may gradually go downhill in 2021 as physical casinos are opening again. So, is it still okay to invest in online gambling when stocks are down?
Say Yes To Investing
When stocks are down, should you invest? The answer is YES. Remember, investing is all about achieving your financial goals. As such, it’s critical to keep your eyes on the stocks in any market conditions.
Here’s an analogy: if a pair of shoes is on sale, you would indeed purchase them while enjoying the savings, right? On that note, stocks must be no different. Buying while stock prices are down can be a savvy move. In the end, “sell high, buy low” is the mantra for seasoned investors.
Your investing decisions must be based on your financial needs. It shouldn’t be based on market movements. Rushing to sell while stock prices are down is just as emotional as buying when they are down.
Top Online Gambling Stocks You Should Look At
When the pandemic forced land-based gambling establishments worldwide to close and suspend, online gambling companies have significantly helped many people who’d typically go to the physical casino to gamble. This year, even as casinos start to open again, many people would still choose to gamble online.
The following are the top online gambling stocks to keep an eye out for.
DraftKings, Inc. is an online entertainment and sports gaming company that offers its users online casino gaming opportunities, daily fantasy sports, and sports betting. According to IBD data, DraftKings is on the journey to profitability.
After losing a share of $3.26 in 2019, the company lost $2.76 in 2020. Experts predict the company to lose $1.42 this year and a percentage of $1.00 in 2022. DKNG stock is a positive long-term possibility in the sports betting industry.
The potential of the company is very encouraging to investors. Despite the company’s lack of earnings, DraftKings has massive revenue growth and is the frontrunner in the online betting trend. DraftKings has also expanded in casino gaming, providing diversification.
GNOG (Golden Nugget Online Gaming)
Golden Nugget Online Gaming, Inc. is a digital sports entertainment and online gaming company. It provides its users with live-action sports events in Michigan and New Jersey and different casino games.
After declaring 4Q 2020 financial results on May 19, shares of GNOG declined as much as 12.6%. In the fourth quarter, the company stated a 48% rise in revenue to $23 million. What’s more, Golden Nugget Online Gaming reported $6.2 million in adjusted profits before amortization, depreciation, taxes, and interest.
In the quarter, the net loss was $42.8 million, which is expected with the expensive cost of the SPAC merger. Golden Nugget Online Gaming is perhaps one of the smaller companies today. As such, it needs to get bigger and develop quickly to get a fair market share.
So, if you are willing to hold onto GNOG as a long-term investment and endure the volatility, Golden Nugget Online Gaming is still a company with great potential.
NGMS stock is surging after the online lottery operator delivered 2021 guidance and 4Q that exceeded consensus estimates as a public company in its first earnings. The company declared its adjusted profits before amortization, depreciation, taxes, and interests of $9 million on gains.
Although online lottery does not create the hype that sports wagering and iGaming do, NeoGames’ primary business features the same factors. It includes expanding state-level legalization.
Regardless of which online gambling asset you decide to invest in, it is indeed quite a wager on whether or not the stock will continue to shoot up in the long run. With the casino industry’s massive growth in the past year alone, it is clear that the industry has great potential, even though land-based casinos are starting to loosen their reins and allow people to play games physically.
Investing in the online gambling industry is undoubtedly a smart move this year as long as you don’t spend all your money playing casino games. Be sure to choose safe and secure online casinos to invest in.
(Disclaimer: The article is sponsored and hence promotes some commercial links.)
Canadian researchers have discovered an overlooked gene that plays a major role in the development of antibodies, which help the immune system recognize and fight viruses including SARS-CoV-2, bacteria and other causes of infectious disease. The gene -- FAM72A -- facilitates production of high-quality antibodies by enabling the effect of an enzyme called AID (for Activation-Induced Deaminase), the researchers showed.
Immunologists have known for two decades that AID is essential to produce antibodies capable of clearing infections, but the full mechanism of its effect has remained unknown. "Our findings answer the long-standing question of how AID does its work," said Alberto Martin, a professor of immunology at the University of Toronto's Temerty Faculty of Medicine. "FAM72A helps AID to promote mutations in antibody genes that are essential for the development of effective antibodies," he added.
Genetic mutations that lead to lasting changes in DNA occur through a process called mutagenesis. | Pixabay
Genetic mutations that lead to lasting changes in DNA occur through a process called mutagenesis. In the context of antibody development, mutagenesis unfolds largely through the AID-driven mechanisms called somatic hypermutation and class switch recombination -- both of which help antibodies gain the diversity and potency they need to counter a wide range of pathogens.
The results published in the journal Nature will help researchers better understand antibody development broadly, but they also have implications for cancer. Uncontrolled mutagenesis in B cells that produce antibodies is linked to B cell lymphoma, and FAM72A is present at very high levels in other cancers such as gastrointestinal, breast, lung, liver and ovarian cancers.
"Our data show that high levels of FAM72A promote mutations in antibody genes, so increased levels of FAM72A could spur cancer development, progression or drug resistance by increasing mutagenesis,a Martin said. Martin's team is now exploring those possibilities. Intriguingly, unlike other mammals, humans have four gene versions of FAM72A and their roles in cancer and antibody production are still unknown. (IANS/ MBI)
Keywords: researchers, cancer, mutagenesis, antibody, development, antibodies, canada, COVID
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India will set up a 50 megawatt (MW) solar power plant in Odisha's Sambalpur at a total cost of Rs 301.92 crore, moving steadily towards its goal to achieve carbon neutrality by 2024. MCL has placed a turnkey order to set-up a 50 MW solar power plant with a Chennai-based firm M/s Hild Energy Ltd, which will establish this green energy project within a timeline of 10 months, the MCL said in a statement on Saturday.
This solar plant would cater to the captive power requirement of MCL. The Central PSU had successfully set-up a 2MW solar power plant in Sambalpur in 2014. The company said it has pledged a target of installing 182 MW of solar power by 2024 in order to become a net zero energy company, aligning itself to use cleaner forms of energy for coal production.
The company said it has pledged a target of installing 182 MW of solar power by 2024. | Photo by Mariana Proença on Unsplash
This 50 MW solar power project will reduce CO2 emission by 91,020 tonnes per annum and carbon offsets of around 24,824 tonnes per annum, claimed the MCL. MCL is the leading production subsidiary of Coal India, having mining operations in Angul, Jharsuguda and Sundargarh districts of Odisha. Having achieved the highest ever capital expenditure of Rs 2,419 crore in the financial year 2020-21, the company has coal production and dispatch targets of 163 million tonnes and 182 million tonnes, respectively.
MCL was the coal mining company to introduce environment-friendly surface miner technology, which contributes over 95 per cent in coal production. As another environment-friendly initiative, the company has successfully introduced vertical rippers for blast-less over-burden removal in Hingula and Kaniha opencast projects. (IANS/ MBI)
Keywords: solar plant, carbon neutrality, Odisha, Sambalpur, Coal India, subsidiary, Mahanadi Coalfields Limited, solar energy
As the nation celebrated the 114th birth anniversary of his father - renowned poet Harivansh Rai Bachchan - megastar Amitabh Bachchan remembered his dad as he penned a heartfelt note for him. The actor took to his blog where he poured his heart out and also shared an unseen photo with his father. The image in question is from Big B's wedding in 1973, where the two are caught in a sweet moment as they look at each other.
Amitabh Bachchan wrote on his blog,
"My Father , my all .. November 27th his birth in the year 1907 .. Which makes it his 114th Anniversary .. He is in the heavens, with my Mother and they celebrate .. as do we , in thought word and deed .. (sic). But first."
He then posted the picture followed by elaborate paragraphs. The megastar wrote,
"Those rare moments when one would find himself rushing against the winds to prevent the distance between us and to close it down as soon as it can be. The day of my wedding and his expression of fulfilment to not just be in congratulation but instead to be in the face of a belief, a chime, an ultimate season of love and great passion, of the quarries of the fears and conditionings of these deprived gym routines kart ..(sic)". "This could have been unknown for long facilitating years, to give not expected versions and lastly large scale informations of the insides ; but as time passed by, as does now , they explained purposely, the values of education and similarity .. Be in peace and love .. (sic)",
the veteran actor concluded his note. (IANS/ MBI)
Keywords: Amitabh Bachchan, Harivansh Rai Bachchan, actor, blog, birth anniversary, 114th birthday