Gaming Innovation Group: The Corona Crisis is an Online Catalyst
Redeye has, due to the Corona crisis, lowered the estimates and fair value for GiG. Nonetheless, we still see a significant upside in the share. We believe the online casino segment is immune, while the Corona crisis has dramatic consequences on land-based gambling as well as sports betting. GiG´s limited exposure towards sports betting and land-based gambling are, in this sense, very beneficial.
Moreover, the crisis is a catalyst for the online shift.