gambling

Earnings season has been extremely volatile for some of the top U.S. gaming stocks. Bank of America analyst Shaun Kelley recapped what investors need to know about the top U.S. casino, online sports betting and iGaming stocks. Margin Pressures: Penn National Gaming, Inc (NASDAQ: PENN) took the...

Draftkings Inc. (NASDAQ: DKNG) shares are trading lower Thursday, likely in sympathy with Penn National Gaming, Inc (NASDAQ: PENN) as the stock reported its third-quarter earnings results. DraftKings announced Thursday an expanded multiyear relationship with the National Basketball Association...

September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three...

Bank of America just reported its latest U.S. online sports betting (OSB) app download numbers for the month of September, and the data suggests MGM Resorts International (NYSE: MGM) and Caesars Entertainment Inc (NYSE: CZR) are making big strides in gaining market share in the high-growth business...

Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) shares traded higher by 0.6% on Thursday after the company landed a Wall Street upgrade. The Analyst: Rosenblatt Securities analyst Mark Zgutowicz upgraded Fox from Neutral to Buy and raised his price target from $39 to $48. The Thesis: In the upgrade note,...

On Monday, Blackstone Inc (NYSE: BX) announced the sale of The Cosmopolitan resort in Las Vegas for $5.65 billion. Blackstone Real Estate Income Trust (BREIT), Stonepeak and the Cherng Family Trust acquired The Cosmopolitan's real estate in the deal for $4.025 billion, while MGM Resorts...

The surge of sports betting acquisitions continues with the parent company of several sports leagues investing in the growing sports betting vertical. What Happened: Endeavor Group Holdings Inc (NYSE: EDR) announced the acquisition of OpenBet for $1.2 billion, consisting of $1 billion in cash and $...

Casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) have taken huge hits in the past month, and much of the sell-off has to do with uncertainty surrounding the renewal of their Macau casino licenses and an ongoing gaming law review that could increase regulatory...

A leading sports betting analyst sized up the news of Draftkings Inc (NASDAQ: DKNG) attempting to acquire Entain ADR (OTC: GMVHY). What Happened: On Tuesday, DraftKings confirmed it was seeking to acquire Entain, a leading European sports betting company. The acquisition could have a huge...

The sports betting market continues to see new players emerge as casino and sports-related companies look to take advantage of the growing market. With the increased number of players, it becomes likely consolidation will happen. It has already started in 2021 and looks ready to heat up,...

Casino stocks traded down on Tuesday with concerns over how China will regulate casinos in the Macau region. The relationship between casino traffic during and after the COVID-19 pandemic and international relations are having an impact on share prices of stocks. This leads to an important topic...

The growth of online sports betting in the United States is creating opportunities for companies in the sector. Many analysts and industry experts have also predicted consolidation in the sports betting market. A recent minority investment by a larger sports betting company could foreshadow a...

Penn National Gaming, Inc. (NASDAQ: PENN) shares are trading lower Monday, possibly after the company announced a meeting for the acquisition of Score Media and Gaming Inc (NASDAQ: SCR), which will become the wholly-owned subsidiary of Penn National. The special meeting of company...

After a large acquisition in the casino and online gaming space, Caesars Entertainment Inc (NASDAQ: CZR) put an asset up for sale. It has attracted higher bids than expected, leading to a bullish callout from an analyst. The Caesars Entertainment Analyst: Bank of America analyst Shaun C....

The highly anticipated boxing match between Jake Paul and Tyrone Woodley took place Sunday night. Here’s a look at how the boxing match went and how a wager on Paul would have paid out. What Happened: Paul was named the winner of the match via split decision. Paul moves his boxing record to 4...