gambling

Las Vegas Sands Corp. (NYSE:LVS) reported its second-quarter financial results Wednesday. Here's a look at the details from the report.  The Details: Las Vegas Sands reported quarterly earnings of 55 cents per share, which missed the analyst consensus estimate of 56 cents by 1.79%. Quarterly...

Growing sports betting company Betr announced a new strategic partnership to help empower women in the sector. What Happened: Betr is partnering with Betting Ladies to grow the sports betting sector for women, which comes after the Jake Paul- and Joey Levy-founded sports betting company recently...

Betr CEO Joey Levy was among the standout speakers at the Sports Betting, Gaming & Esports: A Deep Dive virtual event. Levy shared the company's innovative strategies in sports betting and media, emphasizing their focus on simplicity and engagement. He spoke on the achievements of Better Picks...

PENN Entertainment Inc (NASDAQ:PENN) has struggled since 2021 as some analysts have increasingly preferred competitors such as Draft Kings Inc (NASDAQ:DKNG) in the race to acquire new customers. However, one analyst remains optimistic that PENN’s partnership with ESPN can spur growth...

The Sports Betting, Gaming & Esports: A Deep Dive virtual event on May 16 at 11 am ET will bring together industry leaders to discuss these rapidly growing fields’ current and future state. This session will provide attendees a platform to hear from top professionals about the trends...

Wynn Resorts, Limited (NASDAQ:WYNN) reported its first-quarter financial results after the bell Tuesday. Here's a look at the highlights.  The Details: Wynn Resorts reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.27 by 25.2%. Quarterly sales clocked in...

The 150th running of the Kentucky Derby saw underdog Mystik Dan win, marking a third straight year of a horse with 15-to-1 or worse odds winning the key horse racing event. This year's event set several records along the way. What Happened: The Kentucky Derby was watched by an average of 16.7...

MGM Resorts International (NYSE:MGM) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights.  The Details: MGM Resorts reported quarterly earnings of 74 cents per share which beat the analyst consensus estimate of 56 cents by 32.14%. Quarterly sales...

Caesars Entertainment Inc. (NASDAQ:CZR) reported its first-quarter financial results after the bell Tuesday. Here's a look at the details.  The Details: Caesars Entertainment reported quarterly losses of 73 cents per share. Quarterly sales came in at $2.74 billion, missing the $2.84 billion analyst...

Las Vegas Sands Corp. (NYSE:LVS) reported better-than-expected first-quarter financial results after the bell Wednesday. Here's a look at the highlights.  The Details: The company reported quarterly adjusted earnings of 75 cents per share which beat the analyst consensus estimate of 62 cents and...

Wynn Resorts, Limited (NASDAQ: WYNN) shares have been in focus amid the post-COVID-19 pandemic rebound in the gambling industry. The company has an upside to market share and EBITDA margins, according to Mizuho Securities. The Wynn Resorts Analyst: Ben Chaiken initiated coverage of Wynn Resorts...

FanDuel parent company Flutter Entertainment Plc (NYSE:FLUT) plans to switch its primary listing from London to New York. What Happened: Dublin-based Flutter asked shareholders on Monday to vote on May 1 to approve a shift in its primary listing to the U.S. The goal is to capitalize on its fast-...

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) shares are trading lower after the company reported fourth-quarter FY23 results. Sales growth of 224% Y/Y to $1.09 billion missed the analyst consensus estimate of $1.128 billion. The Y/Y growth in revenues was primarily attributable...

Casino and sports betting company PENN Entertainment Inc (NASDAQ:PENN) reported fourth-quarter financial results before market open Thursday. Here's a look at what analysts are saying after the report and the future growth of ESPN Bet. The Penn Analysts: Macquarie analyst Chad Beynon had an...

David Tepper’s Appaloosa Management navigated dynamic market conditions in the fourth quarter of 2023. Strategic moves by the hedge fund included entering new positions, boosting select tech holdings, reducing exposure to semiconductor stocks and making key exits. Tepper’s decisions...