iGaming

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) traded lower by nearly 5% on Monday morning after the stock was downgraded on concerns about the lagging casino recovery in Macau. The Analyst: Bank of America analyst Shaun Kelley downgraded Wynn from Buy to Neutral and cut his price target from $130...

A leading iGaming operator is being acquired by the online sports betting company present in the most states. What Happened: DraftKings Inc (NASDAQ: DKNG) is acquiring Golden Nugget Online Gaming (NASDAQ: GNOG) in an all-stock deal. Golden Nugget Online Gaming shareholders will receive 0.365 shares...

Online sports betting operator DraftKings Inc (NASDAQ: DKNG) announced second-quarter financial results Friday. Here are the key takeaways for investors. What Happened: DraftKings reported second-quarter revenue of $298 million, up 320% year-over-year. The total beat analyst estimates of $242....

Consolidation in the sports betting industry could be coming with investors digesting the acquisition of Score Media and Gaming Inc (NASDAQ: SCR) by Penn National Gaming, Inc (NASDAQ: PENN). The highly competitive sports betting market and push to acquire customers and market share could...

Investors could be looking for the hottest sectors to invest in for the second half of 2021. One way to play the hot sectors is to invest in ETFs, or exchange-traded funds, to get exposure to many stocks in one sector that could benefit. Here is a look at five ETFs that could have a strong second-...

A leader in casino games, state lottery and sports betting technology announced a plan to unlock shareholder value Tuesday morning. What Happened: Scientific Games Corporation (NASDAQ: SGMS) announced a strategic review to unlock shareholder value that could result in the spinoff of several...

Many of the states with legalized online sports betting have reported April figures. Bank of America analyst Shaun C. Kelley breaks down the keys from April and which companies are winning and losing. April Sports Betting/iGaming Takeaways: Online sports betting was up 1,174% year over year for the...

Online casino and sports betting provider GAN Ltd (NASDAQ: GAN) reported first-quarter financial results and announced a new partnership after hours Monday. What Happened: First quarter revenue was $27.8 million, up 262% year over year. The total came in higher than the Street consensus of $24.8...

Last week featured eight announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals and headline news, all covered on Benzinga’s “SPACs Attack.” SPAC Deals Quantum encryption company Arqit Limited...

Online sports betting and iGaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter results before market open Friday. What Happened: First-quarter revenue of $312 million was up 175% on a year-over-year pro forma basis. DraftKings had 1.5 million monthly unique payers, up 114% year...

The large online sports betting and iGaming markets has an analyst impressed with the opportunity for DraftKings to keep its competitive advantage and grow with the market. The DraftKings Analyst: Guggenheim analyst Curry Baker initiated Draftkings Inc (NASDAQ: DKNG) with a Buy rating and a $75...

Penn National Gaming Inc.'s (NASDAQ: PENN) stake in Barstool Sports is listed as a major catalyst by an analyst offering a take on the U.S. sports betting market.  The Penn National Analyst: Needham analyst Bernie McTernan initiated Penn National Gaming with a Buy...

Super Group Holding Co, owner of Betway and Spin, is going public with a SPAC deal to bring the global online sports betting and casino company public. The SPAC Deal: Super Group Holding Co is going public with Sports Entertainment Acquisition Corp (NYSE: SEAH). Betway is an online sports betting...

One of the leading companies in the online sports betting and iGaming segment hosted a presentation Wednesday to show where the company stands and is going in the future. What Happened: BetMGM, a joint venture of MGM Resorts International (NYSE: MGM) and Entain ADR (OTC: GMVHY), shared it...

Michigan reported results for online sports betting and online casino for the month of March. The results showed how the state is becoming one of the largest in the industry despite February being its first full month of online sports betting. Online Sports Betting: Michigan reported $359...