Why This Online Gambling Stock Is a Buy Right Now
Paysafe (NYSE: PSFE) announced its second-quarter earnings report on Aug. 16, and investors responded with stern negativity, sending the stock down 15%. But by all accounts, the company delivered strong results, including measurable progress in its U.S. online gambling ambitions.
Paysafe is the biggest payment processor in iGaming (online gambling), serving some of the world's leading bookmakers and virtual casinos including European-owned Betfair and Pokerstars. It's now breaking into the U.S. market through both new and existing partnerships, and the U.S. has quickly become the company's fastest-growing region.
With the stock down over 55% from its highs, it might be a big opportunity for you to buy a piece of the emerging American online gambling industry.
Source Fool.com
