{"id":530,"date":"2022-01-25T16:09:46","date_gmt":"2022-01-25T13:09:46","guid":{"rendered":"https:\/\/xxbet-company.com\/fox-earns-analyst-upgrade-on-sports-betting-potential\/"},"modified":"2022-01-25T16:09:46","modified_gmt":"2022-01-25T13:09:46","slug":"fox-earns-analyst-upgrade-on-sports-betting-potential","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/es\/fox-earns-analyst-upgrade-on-sports-betting-potential\/","title":{"rendered":"Fox Earns Analyst Upgrade on Sports Betting Potential"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Tabla de contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/es\/fox-earns-analyst-upgrade-on-sports-betting-potential\/#UBS_Forecasts_FanDuel_Resolution\" title=\"UBS Forecasts FanDuel Resolution\">UBS Forecasts FanDuel Resolution<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/es\/fox-earns-analyst-upgrade-on-sports-betting-potential\/#Fox_Sportsbook_Outlook\" title=\"Fox Sportsbook Outlook\">Fox Sportsbook Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<p>Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant\u2019s sports betting potential, which may not be fully appreciated by investors at this point.<\/p>\n<figure aria-describedby=\"caption-attachment-199006\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-199006 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-142x80.jpg\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-142x80.jpg\" alt=\"Fox sports betting\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox.jpg 1280w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-199006\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-142x80.jpg\" alt=\"Fox sports betting\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/fox.jpg 1280w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">The FOX NFL Sunday crew in studio in 2017. An analyst raised his rating on the media company, citing its sports betting opportunity. (Image: <em>FOX Sports<\/em>)<\/figcaption><\/figure>\n<p>In a note to clients today, UBS analyst John Hodulik lifts his rating on Fox to \u201cbuy\u201d from \u201cneutral,\u201d while boosting his price target on the stock to $50 from $42. That implies about a 33 percent upside from the Jan. 21 close.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>Within traditional Media, we believe FOX is better positioned given sports betting optionality, measured direct-to-consumer (DTC) spend and leadership within the legacy (albeit declining) Pay TV bundle with its sports and news focus,\u201d<\/strong> says Hodulik.<\/p>\n<\/blockquote>\n<p>Analysts are bullish on Fox\u2019s sports wagering potential because sportsbook operators and media companies are frequently striking deals, and those agreements are expected to be lucrative over time.<\/p>\n<p>Obviously, Fox already checks the media box in a significant fashion, and it\u2019s got an impressive portfolio of <a href=\"https:\/\/www.casino.org\/news\/fox-has-sports-betting-optionality-that-could-drive-shares-higher\/\" rel=\"nofollow noopener\" target=\"_blank\">premier sports broadcasting rights<\/a>, including the NFL, Major League Baseball (MLB), college basketball, and football and international soccer.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UBS_Forecasts_FanDuel_Resolution\"><\/span>UBS Forecasts FanDuel Resolution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Part of the Fox sports betting thesis revolves around the company\u2019s <a href=\"https:\/\/www.casino.org\/news\/fox-suing-flutter-on-price-of-18-6-percent-fanduel-stake\/\" rel=\"nofollow noopener\" target=\"_blank\">rights to acquire 18.6 percent<\/a> of FanDuel \u2013 the largest US online sportsbook operator.<\/p>\n<p>Last year, the media conglomerate and FanDuel parent Flutter Entertainment (OTC:PDYPY) traded barbs overpricing on the FanDuel interest. While Flutter said it intends to honor the media company\u2019s rights to acquire that stake, it wants Fox to pay market prices. Conversely, Fox wants the price the parent company paid in December 2020 \u2014 $4.175 billion \u2014 when it bought out <a href=\"https:\/\/www.casino.org\/news\/flutter-fanduel-spin-off-rumors-are-heating-up-following-stake-boost\/\" rel=\"nofollow noopener\" target=\"_blank\">Fastball\u2019s 37.2 percent interest<\/a> in FanDuel.<\/p>\n<div class=\"callout\">\n<p>The imbroglio escalated after Fox filed a suit against Flutter last week in New York\u2019s Judicial Arbitration and Mediation Services (JAMS). The media company threatened to pull FanDuel ads from its sports broadcasts, while Flutter said it <a href=\"https:\/\/www.casino.org\/news\/fox-bet-out-of-fanduel-ipo-says-flutter-ceo-jackson\/\" rel=\"nofollow noopener\" target=\"_blank\">wouldn\u2019t include FOX Bet and PokerStars<\/a> in a FanDuel spin-off. Hodulik believes the resolution is coming.<\/p>\n<\/div>\n<p>\u201cWe expect FOX to reach a resolution with Flutter over the FanDuel option in 1H22, providing a potential catalyst. [Management] indicated it plans to get licensed for sports betting, providing further optionality and the strongest indication yet that sports betting will play a major role in FOX\u2019s future,\u201d said the UBS analyst.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fox_Sportsbook_Outlook\"><\/span>Fox Sportsbook Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fox has long harbored sports betting ambitions \u2014 <a href=\"https:\/\/www.casino.org\/news\/news-corp-may-team-with-matthew-tripp-on-aussie-sports-betting-group\/\" rel=\"nofollow noopener\" target=\"_blank\">both in the US and abroad<\/a> \u2014 and applying its name directly to a sportsbook operation isn\u2019t a far-flung concept, as some rivals are mulling similar moves.<\/p>\n<p>How that effort takes shape remains to be seen, because it doesn\u2019t control the FOX Bet brand. Flutter CEO Peter Jackson previously called that business \u201cstruggling,\u201d noting it makes up a small percentage of the company\u2019s US revenue relative to FanDuel.<\/p>\n<p><strong>It\u2019s possible the media company could purchase Flutter\u2019s FOX Bet interest. But no public confirmation has been made to that effect. FOX Bet is one of the NFL\u2019s official sportsbook partners.<\/strong><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/sports-betting-could-be-catalyst-for-fox-shares-says-analyst\/\" target=\"_blank\">Fox Earns Analyst Upgrade on Sports Betting Potential<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant\u2019s sports betting potential, which may not be fully appreciated by investors at this point. The FOX NFL Sunday crew in studio in 2017. An analyst raised his rating on the media company, citing its sports betting opportunity. (Image: FOX Sports) <a href=\"https:\/\/xxbet-company.com\/es\/fox-earns-analyst-upgrade-on-sports-betting-potential\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts\/530"}],"collection":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/comments?post=530"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/posts\/530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/media\/531"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/media?parent=530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/categories?post=530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/es\/wp-json\/wp\/v2\/tags?post=530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}