MRG will release their report for the third quarter of 2018 on the 26th of October. We expect to see a continued strong revenue growth driven by the marketing push during H1’18. Reports from other operators we have seen, private and public, have all showed a strong uptake in both sports and casino NGR we believe MRG will be no different. The sentiment for iGaming is quite weak, but that is often when the most attractive long-term investment opportunities emerge. We see substantial upside from today’s valuation levels for MRG and see no reason for the substantial discount to peers. Our current Base-case stands at 73 SEK per share.