27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- Bally's Corp (NYSE:BALY) has entered into exclusive, multi-year agreements with Kambi Group plc and White Hat Gaming to serve as its B2B online sports betting (OSB) and platform providers.
- Kambi is a sports betting partner, and White Hat is a PAM platform solutions provider.
- Combining the services of the two parties along with Bally's footprint of 17 casinos across 11 states, player database, an integrated Bally Rewards program, and a cross-functional marketing operation will help the relaunch of Bally Bet, Bally's online sports betting platform.
- The company expects the relaunch to occur across seven states and at four retail gaming locations by the end of 2023.
- It will also help Bally's to expand its OSB presence globally over time.
- With the agreement, Bally's B2C sports betting platforms will shift to a variable cost structure that will generate significant cost savings and reduce risk.
- "This, in turn, will support our vision of becoming the premier, full-service, vertically integrated casinos and resorts, online sports betting, and iGaming company," said Bally's CEO Robeson Reeves.
- Price Action: BALY shares closed higher by 1.45% at $17.45 on Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!