gambling

DraftKings (NASDAQ: DKNG) shares are set up for an upswing in prices driven by execution, results, and the analyst. The company has been working relentlessly to expand into newly legalized territories, enhance offerings in maturing states and control costs. The results of those efforts are nearing...

Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) reported first quarter 2023 sales growth of 51% Y/Y to $716.5 million Wednesday, missing the consensus of $892.0 million.  The increase in total operating revenues was led by improved performance in all gaming segments...

Casino company Wynn Resorts, Limited (NASDAQ: WYNN) reported first-quarter financial results after market close Tuesday. Here are the highlights. What Happened: Wynn Resorts reported first-quarter revenue of $1.42 billion, which was up 49% year-over-year. The revenue total beat a Street consensus...

The first four months of 2023 proved to be very positive for gambling stocks.  Two of the most popular ETFs that invest in companies operating in the gambling industry have both outperformed the SPDR S&P 500 ETF Trust (ARCA: SPY), which replicates the S&P 500 Index.  As of...

Dear Penny, I have just found out that my husband of 16 years in the last six months has gotten himself into gambling trouble of $150,000. Besides being devastated and heartbroken, I am trying to figure out how do I NOT drown and swim out of this water. We both are very successful with great-paying...

Las Vegas Sands Corp (NYSE: LVS) shares are rising in extended trading Wednesday after the company reported first-quarter results that topped analyst expectations.  Q1 Revenue: $2.12 billion beat estimates of $1.82 billion Q1 EPS: 28 cents beat estimates of 18 cents Las Vegas Sands said a...

While the 2024 U.S. presidential election may seem a long way off, polls to see who is favored by voters and betting odds for the next White House occupant have ramped up. Here’s a look at the latest betting odds for the 2024 presidential race and what the impact of Donald Trump’s...

PENN Entertainment Inc (NASDAQ: PENN) has lagged the S&P 500 in the past year, but one analyst said Monday that investors looking to buy the dip have better opportunities elsewhere. The Analyst: JMP analyst Jordan Bender downgraded PENN from Outperform to Market Perform and reiterated his...

The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. The first-ever casino in Japan has been approved. Here’s a look at the parties involved and what it means. What Happened: For the past several years, casino company MGM Resorts International...

The world of gambling has always been shrouded in secrecy and mystery, and one man who epitomizes this is Niko Tosa. Tosa is a roulette predictor who has made a fortune by beating casinos at their own game. His story, which Bloomberg originally reported, is a fascinating one that involves a...

The sports betting sector has become incredibly competitive, with many operators competing for market share in the legalized states. A portfolio manager for Ark Invest told Benzinga why DraftKings (NASDAQ: DKNG) stood out for years and could be the long-term winner. What Happened: Since...

On Monday, China officially lifted all travel restrictions and limitations to Macau and scrapped COVID-19 texting requirements. Macau casino operators are now hoping the end of pandemic restrictions will produce an extended period of pent-up demand among gamblers. The Numbers: On Monday, Bank of...

It was not all bad news for all stocks on Monday morning. One issue that is having a good day is Wynn Resorts, Limited (NASDAQ: WYNN), and it's even one that has exposure to China. The catalysts for the rally and the corresponding price action make Wynn Resorts the...

Wynn Resorts, Limited (NASDAQ: WYNN) is among the gaming stocks with the most compelling risk-reward, according to Credit Suisse. The Wynn Resorts Analyst: Benjamin Chaiken upgraded the rating for Wynn Resorts from Neutral to Outperform, while revising the price target to $117. The Wynn Resorts...

The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week.  Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market. Draft Updates: The final draft of the law includes...