iGaming

As consolidation continues in the sports betting and online gaming space, one rumored deal has failed to materialize.  What Happened: DraftKings Inc (NASDAQ: DKNG) announced Tuesday that it will not be holding further talks with the Entain ADR (OTC: GMVHY) board of directors or making...

September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three...

Fresh off the start of the 2021-2022 National Hockey League season, the league announced a new official sports betting partner. What Happened: DraftKings Inc (NASDAQ: DKNG) was announced as an official partner with the NHL for sports betting, iGaming and daily fantasy sports. The partnership...

Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) shares traded higher by 0.6% on Thursday after the company landed a Wall Street upgrade. The Analyst: Rosenblatt Securities analyst Mark Zgutowicz upgraded Fox from Neutral to Buy and raised his price target from $39 to $48. The Thesis: In the upgrade note,...

A leading sports betting analyst sized up the news of Draftkings Inc (NASDAQ: DKNG) attempting to acquire Entain ADR (OTC: GMVHY). What Happened: On Tuesday, DraftKings confirmed it was seeking to acquire Entain, a leading European sports betting company. The acquisition could have a huge...

The sports betting market continues to see new players emerge as casino and sports-related companies look to take advantage of the growing market. With the increased number of players, it becomes likely consolidation will happen. It has already started in 2021 and looks ready to heat up,...

Casino stocks traded down on Tuesday with concerns over how China will regulate casinos in the Macau region. The relationship between casino traffic during and after the COVID-19 pandemic and international relations are having an impact on share prices of stocks. This leads to an important topic...

Six months after launching online sports betting, the Michigan market had wagers of $1.69 billion in July, making it one of the top states in the country. Here is a look at the top names for online sports betting and online casino in the state of Michigan. What Happened: Data for the month of July...

A company that provides the technology for sports betting and iGaming companies saw new analyst coverage Tuesday. The GAN Analyst: Jefferies analyst David Katz is initiating coverage on GAN Limited (NASDAQ: GAN) with a Buy rating and $21 price target. Related Link: 3 Sports Betting Stocks That...

One of the leading online sports betting companies was the feature of the earnings report from European gaming company Flutter Entertainment (OTC: PDYPY). What Happened: Flutter Entertainment reported first half 2021 revenue up 30% year-over-year on an adjusted basis and up 99% from the prior year...

The DraftKings Inc (NASDAQ: DKNG) acquisition of Golden Nugget Online Gaming Inc (NASDAQ: GNOG) could fuel the company’s growth in iGaming and technology, according to an analyst. What Happened: DraftKings announced the all-stock transaction to acquire Golden Nugget Online Gaming Monday...

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...