gambling

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...

Cannabis is legal in 30 states, with others putting measures on the ballot each election season. Bitcoin is on a rollercoaster, soaring to close to $20,000, then plummeting, and making headlines every day in the meantime. Most recently, South Korea made news for planning to ban cryptocurrency...

Boyd Gaming Corporation (NYSE: BYD) announced Dec. 18 that it agreed to pay Penn National Gaming (NASDAQ: PENN) $575 million for its Ameristar St. Charles and Kansas City operations in Missouri and Indiana's Belterra Casino Resort and the Belterra Park property in Cincinnati. The Analyst...

Lotteries have struggled to appeal to millennials in a tightly regulated industry that manages crazy money. AutoLotto is helping those lotteries innovate. The plan is to aggregate, digitize and unify the lottery world on a phone app and create a global lottery platform. To quote New York state's...

Western casino stocks gained momentum Thursday as peers in Macau, the Chinese-controlled gaming mecca, posted their 10th consecutive positive month amid continued recovery from local anti-corruption efforts. May gambling revenues popped 23.7 percent ($2.83 billion) year over year ahead of analyst...