Finance

Mario Gabelli eager to invest in US sports betting despite hype of “stock market fantasy”

New York-based billionaire keen to avoid paying “extraordinary” premium to penetrate cash-flooded sector

Billionaire investor Mario Gabelli is exploring investment opportunities within the blossoming US sports betting space. Speaking exclusively to EGR, Gabelli said his investment firm GAMCO is keeping a keen eye on the stock market, having seen a “tidal wave of opportunity” across the sector. Gabelli said: “We are looking at embedded companies in which we…

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