A well-known short-seller has unexpectedly changed his mind about the US gambling market from his previously pessimistic assessment, taking into account new information and prospects.
The top hedge fund manager explained his shift in thinking by pointing to the increasing popularity of riskier betting options and the resulting increase in operators' margins. US operators have been able to reach wider demographics and enhance customer onboarding and retention through a continuous stream of innovations. These patterns were also aided by the introduction of new betting options, many of which were derived from daily fantasy sports.
The top hedge fund manager explained his shift in thinking by pointing to the increasing popularity of riskier betting options and the resulting increase in operators' margins. US operators have been able to reach wider demographics and enhance customer onboarding and retention through a continuous stream of innovations. These patterns were also aided by the introduction of new betting options, many of which were derived from daily fantasy sports.