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Evolution Gaming $EVO.ST

Here is a little DD about Evolution Gaming Group AB ticker $EVO traiding in the NASDAQ Sweden.
They make games for the online casinos. They have mainly focused in the live casino games, but also acquired NetEnt which makes traditional slot games. They have the traditional casino games like Blackjack, Baccarat, Craps etc. but they have also innovated new games which are more like a TV's Game shows like Monopoly Live, Crazy Time, Deal or No deal. The advantage of those games is that there can be thousands of players in the same game at the same time.
Their earning logic is simple. They provide the games for the online casinos and take a 10-20% of the winnigs the casino makes with their games. They don't hold any risk of the losses and they don't need to pay the players winnings in any case. For the bigger players they also do individualized games, with the casinos logos on the tables etc.
They have been profitable right from the start and all the main key figures look stunning:
Customer base is huge. Some to mention $DKNG, $PENN and $DMYT. Almost every major player in the online casino world is their customer. They have been mainly in the Europe now, but have now made their way to North America and are going to Asia as well. They have now got intererest in the US markets from Bank of America and Morgan Stanley starting to covere them. Bank of America's target price is 980 SEK (now trading at 700 SEK).
They have had some competition in the field like Playtech, but they have crushed them and are the frontrunning company in this field. They have been very innovative and I have great trust that they will produce more games in the future that are even more popular.
There has been a talk that they are getting into the OMXS30 index in the next induction in 12th of December. OMXS30 is like the SP500 in Sweden. Also there has been rumors about NYSE listing, but that just the rumor in this point.
ps. this is my first DD
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Here are the highlights from this week's installment of APOCALYPSE 2020.

*****. Virus Rates
Looks like the rates have been continuing to grow linearly for the last two weeks nationwide. Right now about 2500-4500 people are dying each day due to CV-19. That is roughly one 9/11 each day. Total US deaths exceed 35,000 and it is really not clear to me that we have reached the peak based on the CDC/ John's Hopkins data sets.
Total cases are at 700K and we are adding 100K every 3 days. That puts us on track to hit 1 Million cases before the end of the month.
Sweden has been running an interesting "herd effect" experiment where they have no shelter in place and everything is open. People, of course, are being cautious and wearing masks, but the comparison to Denmark and Finland (their next door neighbor) shows pretty well the comparison in approaches. Sweden has 1400 deaths compared to Denmark's 380 and Finland's 82.
Florida reopened their beaches last night and they look like normal. So, it looks like we are about to run the same experiment as Sweden. Should be interesting to see if we get a step function up in FL cases in 2 weeks or so. No clue what to expect.
I really do not have an opinion on what is the best approach right now. I am pretty sure that opening up Wyoming is VERY low risk, but it seems like opening up NY, SF, Houston, Boston, Miami, LA, etc may not end well.
*****. Economy Update (Not Stock Market)
We added 5.2 Million new Unemployment Claims this week. Everyone was celebrating that the number was lower than last week, but the problem was that the ancient COBOL systems were down for good Friday and so that only was 4 days of processing claims. So, the daily rate actually has continued to increase. We are running about 1 Million new claims per day. EVERY DAY. And that has no reason to abate. We are over 22 Million now and will likely be over 28 Million by the end of this week and over 34 Million by the end of April. I just read a Forbes article that makes a case that we are at 18% total unemployment. At the worst point in the Great Depression, we hit 24%. So, there is a good chance we will exceed the worst levels in American History.
30% of renters did not pay rent for March. Businesses are expected to stop paying rent on commercial property starting in 13 days on May 1. This will start putting a lot of pressure on the real estate sector and could lead to the first round commercial and consumer foreclosures and forbearance. June will probably be a bloodbath.
The PPP small business loans are fully depleted. Apparently of all the businesses that applied, only 3% were funded and now there is no more money. Interestingly, most hedge funds were able to secure forgivable PPP loans.
Only a small percentage of people got stimulus checks. I found out this week that foreign nationals that worked briefly in the US in 2019 got checks.
Airlines were bailed out this week and rewarded for overleveraging for the last 10 years to buy back stocks. 2/3 of the bail out is just a grant - free money. 20 Billion dollars.
Hedge Funds have been largely bailed out either through the Fed pumping the market back up or through direct bail outs. The direct bail outs for hedge funds are the equivalent of $12,000 per US citizen. This is a bail out for the top sliver of wealthy that were over exposed in hedge funds and now will be solvent while the rest of the country suffers.
There is talk of more legislation for more stimulus dollars. Early reports are that this round will get more resistance and will not pass as quickly, if ever.
The first bread lines are starting to emerge.
**** Stock Market Update There is only one real story here. The Fed is illegally buying stocks through brokers. They literally gave themselves permission to create unlimited money with no reserves and use this to buy stocks. Look at the last hour of trading on SPY on Friday. That is absolutely market manipulation.
So, at this point, the Nasdaq is only 15% down from all time highs. AMZN and NFLX hit all time highs this week. S&P and DOW are not far behind at 20% down. That is barely correction territory.
I see a lot of FOMO (fear of missing out) traffic online this week. People are going all in because they do not want to miss out on this historic V shaped recovery. I hear about people buying "YOLO" calls with their stimulus check while chanting the mantra "stocks only go up". For now, maybe they are right. Maybe the Fed keeps printing through the election to make sure we get another 4 years with Donny. I can't help but wonder if we can continue to flood the market with $30-50 Billion per day of stock purchases. And who owns all these stocks now?
I am sure as hell not ready to bet against the Fed, but I am also not willing to enter this completely manipulated casino.
So, all I am doing is daily swing trades. I make 2-3 trades per day after I see an index consolidation and then literally flip a coin, buy a 3X bear or bull index and quickly set a stop limit. If it goes the wrong way, I lose $50. If it goes right, some of these rallies or drops generate a quick $1000-2000 and then I am out. I am averaging about $1000 per day doing this and that's fine for now and something you can only do with big volatility like we have right now.
******** So Cantyoudobetter, What's Next ?
No one has a clue. I am taking my cues from Warren Buffet right now. He says: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” I see a lot of people out there being short sighted and greedy. The temperature this week is:
The virus thing was a hoax or maybe almost over
The market is going to the moon
We will be back to normal very soon
Don't miss out
What I see is a nearsighted society that can only focus on one thing at a time. Everyone can only see the virus problem and think that once it is behind us, we are going to be bigger and better.
I can't see it. All I see is 28 Trillion of debt. Rich people getting bailed out for making risky bets. Small Business bankruptcies. Poorly run businesses getting rewarded for running their businesses poorly. Record unemployment that will not come back quickly. Consolidation of our economy into a few mega businesses.
I wonder what the unemployed masses will do in a few months when they realize all the money went to the rich and left the rest of society with a huge hole.
Anyhow. Sorry this is so negative. It seems like we should be happy that things are getting back to normal. I just don't see it.
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List of 27 remote jobs published recently

Hello friends! These are the open remote positions I've found that were published today. See you tomorrow! Bleep blop 🤖
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*NEWS WIRE* - Terrorist Related Events across the Globe

I apologize for the temporary pause in daily reports, we are all volunteers here and I am occasionally too busy to organize these reports. They will resume ASAP. Thank you.
 
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