888 to Consolidate or Outsource Poker says AnalystAnalyst Recommends 888 Shares on Back of 'Likely' Outsourcing or Consolidation in 2009 |
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Daniel Stewart & Company analysts this morning recommended investors switch their holdings from PartyGaming to 888 partly on the basis that the company is “likely” to consolidate or outsource poker in 2009.
888 recently produced strong end of year accounts but poker revenues suffered while PartyGaming continued to post mixed results with poker revenue falling but player numbers growing..
The morning note from the analysts said the gambling sector was outperforming the market, up 9.5 percent, with more to 
come.
Sportingbet, which owns Paradise Poker, Playtech, which owns iPoker, and William Hill, which has inked a deal with playtech to expand its online offering, all remain buy recommendations. Neovia, formerly Neteller, also remains a buy with taget upside of 77 percent.
Ladbrokes and Unibet move from buy to hold having risen 14 percent and 19 percent respectively in the last couple of weeks to close to the target price assigned them by Daniel Stewart..
The company retails a sell stance on Rank which owns BlueSqPoker.
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