gambling

Draftkings, Inc (NASDAQ: DKNG) hit near to the 52-week low of $13.06 again on Friday but began to bounce up from the level at 10 a.m. when the S&P 500 began to make a reversal from its low-of-day price. DraftKings’ reaction to the level, when paired with similar price action on...

MGM Resorts International (NYSE: MGM) is set to print its first-quarter financial results after the market close on Thursday. The stock was trading flat heading into the event. When the global hospitality and entertainment company printed its first-quarter results on Feb. 9, the stock plunged...

It's been a brutal year for Penn National Gaming, Inc (NASDAQ: PENN) investors, but the stock got a much-needed boost from a high-profile analyst upgrade on Monday. The Analyst: Morgan Stanley analyst Thomas Allen upgraded Penn from Equal Weight to Overweight but cut his price target from $55...

The CEO of a leading publicly-traded sports betting company has a warning for investors thinking of selling shares near the 52-week low. What Happened: Draftkings Inc (NASDAQ: DKNG) CEO Jason Robins took to Twitter Inc (NYSE: TWTR) to share his thoughts. If you sold #DKNG today, just be aware...

XR Casino is a Metaverse-ready technology startup that has designed a solution to help casinos and sports betting companies compete in the prospering online gambling sector. The Company XR Casino is one of the first technology startups to specialize in cross-technology Extended Reality (XR) gaming...

Draftkings Inc. (NASDAQ: DKNG) shares are trading down Friday after the company reported the fourth-quarter fiscal year 2021 sales growth of 47% year-on-year to $473.3 million, beating the analyst consensus of $445.18 million. The stock has recently fallen below a support level and is...

Canadian rapper Drake is betting more than a million dollars worth of Bitcoin (CRYPTO: BTC) on the Super Bowl LVI game. What Happened: On Thursday, the rapper shared a post on social media platform Instagram revealing $1.26 million worth of Bitcoin bets on the game on Feb. 13 between the...

MGM Resorts International (NYSE: MGM) reported its fourth-quarter revenues and margins ahead of Street expectations, with the beat being driven by its Las Vegas performance. Morgan Stanley On MGM Resorts Morgan Stanley analyst Thomas Allen maintained an Equal-Weight rating on the company while...

The 2021-2022 NCAA Football season will come to a close Monday. Here’s a look at what fans and bettors should know about the matchup. How to Watch: The College Football Playoff National Championship Game features the University of Georgia (13-1) taking on the University of Alabama (13-1) at...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans...

Another state legalized sports betting and it could be one of the largest markets nationwide. Here’s a look at what legalization for Ohio looks like and what companies could benefit from the recently passed legislation. What Happened: Ohio legalized sports betting last week, a move that...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling. The Numbers: Many...

Shares of online gambling stocks have tanked in the past two months, and Bank of America analyst Shaun Kelley recently took a closer look at the group to try to determine what has gone wrong in the digital gambling market. MGM Resorts International (NYSE: MGM), Draftkings Inc (NYSE: DKNG) and...

Draftkings Inc (NASDAQ: DKNG) has been in free fall over the last three months, trading down by nearly 50% since the beginning of September.  Short seller Jim Chanos added some fuel to the DraftKings fire when he announced that he has been short the stock for "...

Gaming and lodging stocks took a big hit on Friday following news of the new omicron variant of COVID-19. Despite that, Bank of America analyst Shaun Kelley said Monday there are plenty of gaming and lodging stocks to buy on the dip heading into 2022. Gaming Picks: In the casino space, Kelley...