BCE taps into gambling

Article Excerpt

BCE INC., $69.41, is a buy. The company (Toronto symbol BCE; Shares outstanding: 910.9 million; Market cap: $62.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.3%) is taking a first step into online betting. Ottawa recently legalized online betting on individual sporting events. In response, BCE-owned cable sports channel TSN has formed an alliance with FanDuel, a subsidiary of Ireland-based gaming firm Flutter Entertainment. Under this deal, FanDuel will provide TSN with a range of sports betting info, including odds and other content. That will make it easier for viewers to bet on games during broadcasts. The move should help draw more viewers to TSN, and increase its advertising revenue. BCE Inc. is still a buy. buy…