gambling

Penn National Gaming, Inc (NASDAQ: PENN) has acquired operating rights to the Greektown Casino in downtown Detroit as part of a $1-billion sale of the property. What Happened Dan Gilbert, the founder and chairman of Quicken Loans, agreed to sell Greektown Casino for $1 billion. The property...

Wynn Resorts, Limited (NASDAQ: WYNN) shares were getting pummeled one day after the casino operator's mixed third-quarter earnings report. The casino operator reported Q3 earnings of $1.68 per share, missing estimates by a penny. Sales came in at $1.71 billion, beating estimates by $...

As of last week, the Mega Millions lottery jackpot had increased to $1.6 billion — its highest to date. According to USAMega.com, this enormous jackpot can be received in annual allotments, or a single lump sum, both of which include plenty of federal and state taxes. Here are the eight...

The reversal of PAPSA, the federal ban on sports betting enacted in 1992, marks a new era in American sports culture. What legal sports betting will ultimately look like is up for debate by lawmakers, and it does not appear it will be made available as quickly as some had hoped. What Happened...

Just in time for the first pro football season with legalized sports betting, MGM Resorts International (NYSE: MGM) is raising its stakes in the world of digital play. What Happened The casino operator announced a joint venture Monday with GVC Holdings PLC to develop a sports betting and...

The Nevada state gaming control board released its report on gaming revenue for the Las Vegas area in May. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.044 billion in May, a 5.2-percent year-over-year increase. Statewide revenue is now...

Casino stocks with exposure to the Macau region were trading mostly lower Friday morning as gambling revenue in the region rose 12.1 percent in May, but fell short of expectations. What Happened Throughout the month of May, total gambling revenue rose 12.1 percent from a year ago to 25.5 billion...

Gaming supplier PlayAGS Inc (NYSE: AGS) offered its shares to the public in a Jan. 26 IPO. The Analyst Following the IPO quiet period expiry, Deutsche Bank analyst Carlo Santarelli initiated coverage of PlayAGS with a Buy rating and $23 price target. The Thesis The 2018 PlayAGS story is...

Wynn Resorts, Limited (NASDAQ: WYNN) investors have had a bumpy ride in 2018 after CEO Steve Wynn was accused of sexual misconduct. After Wynn resigned from his position Tuesday, Susquehanna is refocusing on the company's performance.  The Analyst Susquehanna analyst Rachael Rothman...