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New Report From ISS ESG: Are All Bets Off for Gambling Companies?: Online Gambling in the Time of COVID-19

Below is an excerpt from ISS ESG’s thought leadership paper “Are All Bets Off for Gambling Companies?: Online Gambling in the Time of COVID-19.” The full paper is available for download from the Institutional Shareholder Services (ISS) online library.

KEY TAKEAWAYS
  • COVID-19 has pushed gambling companies to focus their businesses more on online gambling operations.
  • According to ISS ESG Sector-Based Screening data, entities incorporated in the United States dominate the number of those engaged in online gambling production, followed by the United Kingdom, Sweden, Italy and Germany.
  • From an economic value added (EVA) perspective, ISS EVA data shows that several gambling companies have benefitted significantly from the increase in popularity and growth in the online gambling business.
  • Responsible investors should be mindful of the potential for increased harm to consumers of online versus in-person gambling establishments.