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The Chinese Gambling Market Vs. US Gambling Market: What Investors Need To Know
Wednesday, November 18, 2020 - 1:20pm | 816Read More...Online and sports gambling has been a booming industry in the U.S. in 2020, generating some big returns for investors of DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming Inc.(NASDAQ: PENN). In China, regulations on gambling are much tighter than in the U.S., and China has recently begun...
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IAC Trades Down After Q2 Report, Gambles On Increased MGM Stake
Monday, August 10, 2020 - 3:43pm | 331Read More...IAC/InterActiveCorp (NASDAQ: IAC) reported $726.4 million in second-quarter sales Monday, a 38.8% decrease over sales of $1.19 billion in the same period last year. The company reported second-quarter GAAP EPS $1.13 versus 16 cents in the same quarter last year and adjusted EBITDA at...
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Penn National CEO Talks Q2 Earnings
Friday, August 7, 2020 - 1:26pm | 421Read More...Penn National Gaming, Inc (NASDAQ: PENN) reported second-quarter results that look much different than the prior quarter when all 41 of its properties were closed, Penn National Gaming CEO Jay Snowden said on CNBC. From 41 Shutdowns To 2: During Penn's second quarter, all but two of the...
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Sports Betting ETF Adds Fertitta SPAC Ahead Of Golden Nugget Online's Nasdaq Debut
Sunday, July 19, 2020 - 4:47pm | 565Read More...The Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) is again making some additions to its lineup. What Happened: BETZ, which debuted in early June, added shares of Landcadia Holdings II, Inc. (NASDAQ: LCA) to its roster after the close of U.S. markets last Friday, marking another...
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The State Of eSports: Why Investors Should Pay Attention
Thursday, April 4, 2019 - 11:33am | 1407Read More...Forget marijuana stocks and cryptocurrencies, one of the latest disruptive trends investors are looking to capitalize on in 2019 is professional video gaming. Electronic sports, commonly called “esports,” brings millions of spectators around the world together both online and on-...
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Lotteries Go Online: Former 'Shark Tank' Star Kevin Harrington Talks About LottoGopher
Thursday, September 21, 2017 - 11:42am | 1090Read More...Last year, roughly 50 percent of all adults in the U.S. played a state lottery, a recent Gallup poll revealed. While some of these people were just feeling lucky one day and decided to drop by a Rite Aid Corporation (NYSE: RAD) to place a bet, others are regulars who spend not only...
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Golden Entertainment Reveals Final Special Cash Dividend Of $1.71 Per Share
Friday, July 1, 2016 - 7:48am | 201Read More...Golden Entertainment Inc (NASDAQ: GDEN) revealed Friday that the final per share amount of the earlier disclosed special cash dividend would be $1.71 per eligible share. Golden Entertainment indicated on June 20 that its board had declared a special cash dividend of an aggregate of about $23.5...
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Will Amaya's New Deal Further Open The Door For Legal Online Poker In The U.S.?
Thursday, June 19, 2014 - 2:52pm | 580Read More...It's not necessarily a winning hand, but the online poker industry was dealt some good cards recently. Last week, the owners of PokerStars and Full Tilt Poker agreed to be purchased by Canada's Amaya Gaming Group (OTC: AMYGF) for $4.9 billion. The deal between privately-held Olford...
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Zynga Or Groupon: Which Would You Rather?
Friday, April 18, 2014 - 12:02pm | 708Read More...In recent years investors in the stock market, as well as institutional investors and private equity firms, have all been looking for relatively safe and high-return companies where they can park their money. Much of recent investment activity has turned to Silicon Valley, launching...
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Christmas Gift for Internet Gaming Industry
Tuesday, December 27, 2011 - 7:19pm | 298Read More...The US government played Santa Claus and handed a big Christmas gift to internet gaming companies right before Christmas on Friday. The justice department finally clarified that the Wire Act applied only to sports betting, and would not apply to States' rights to offer intrastate lotteries online...
