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5 ETFs To Watch In The Second Half Of 2021
Tuesday, June 29, 2021 - 6:47pm | 1101Investors could be looking for the hottest sectors to invest in for the second half of 2021. One way to play the hot sectors is to invest in ETFs, or exchange-traded funds, to get exposure to many stocks in one sector that could benefit. Here is a look at five ETFs that could have a strong second-...
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Scientific Games Could Have Upside With Spinoffs Of Lottery And Sports Betting Businesses
Tuesday, June 29, 2021 - 12:04pm | 636A leader in casino games, state lottery and sports betting technology announced a plan to unlock shareholder value Tuesday morning. What Happened: Scientific Games Corporation (NASDAQ: SGMS) announced a strategic review to unlock shareholder value that could result in the spinoff of several...
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Sizing Up Barstool, BetMGM And DraftKings After April Sports Betting, iGaming Figures
Friday, May 21, 2021 - 12:55pm | 510Many of the states with legalized online sports betting have reported April figures. Bank of America analyst Shaun C. Kelley breaks down the keys from April and which companies are winning and losing. April Sports Betting/iGaming Takeaways: Online sports betting was up 1,174% year over year for the...
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GAN Q1 Revenue Up 262% On CoolBet Integration, New State Launches
Monday, May 17, 2021 - 4:52pm | 377Online casino and sports betting provider GAN Ltd (NASDAQ: GAN) reported first-quarter financial results and announced a new partnership after hours Monday. What Happened: First quarter revenue was $27.8 million, up 262% year over year. The total came in higher than the Street consensus of $24.8...
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'SPACs Attack' Recap: Looking Back At 8 SPAC Deals Plus Latest SPAC Headlines And Earnings
Sunday, May 16, 2021 - 5:35pm | 1654Last week featured eight announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals and headline news, all covered on Benzinga’s “SPACs Attack.” SPAC Deals Quantum encryption company Arqit Limited...
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DraftKings Q1 Revenue Up 175%, Paying Users Rise 114%
Friday, May 7, 2021 - 11:02am | 295Online sports betting and iGaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter results before market open Friday. What Happened: First-quarter revenue of $312 million was up 175% on a year-over-year pro forma basis. DraftKings had 1.5 million monthly unique payers, up 114% year...
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Can DraftKings Keep Its Competitive Edge While Growing?
Friday, April 30, 2021 - 3:32pm | 459The large online sports betting and iGaming markets has an analyst impressed with the opportunity for DraftKings to keep its competitive advantage and grow with the market. The DraftKings Analyst: Guggenheim analyst Curry Baker initiated Draftkings Inc (NASDAQ: DKNG) with a Buy rating and a $75...
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Penn National Gaming: Why This Analyst is Bullish
Tuesday, April 27, 2021 - 12:39pm | 452Penn National Gaming Inc.'s (NASDAQ: PENN) stake in Barstool Sports is listed as a major catalyst by an analyst offering a take on the U.S. sports betting market. The Penn National Analyst: Needham analyst Bernie McTernan initiated Penn National Gaming with a Buy...
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Sports Betting And Casino Company Super Group Lands SPAC Deal: What Investors Should Know
Sunday, April 25, 2021 - 4:37pm | 727Super Group Holding Co, owner of Betway and Spin, is going public with a SPAC deal to bring the global online sports betting and casino company public. The SPAC Deal: Super Group Holding Co is going public with Sports Entertainment Acquisition Corp (NYSE: SEAH). Betway is an online sports betting...
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BetMGM Is Already No. 1 In Various Markets, What's Next To Conquer?
Wednesday, April 21, 2021 - 4:05pm | 447One of the leading companies in the online sports betting and iGaming segment hosted a presentation Wednesday to show where the company stands and is going in the future. What Happened: BetMGM, a joint venture of MGM Resorts International (NYSE: MGM) and Entain ADR (OTC: GMVHY), shared it...
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Michigan Online Sports Betting March Figures Show Strength For Several Players And One Surprising Decliner
Tuesday, April 20, 2021 - 4:10pm | 711Michigan reported results for online sports betting and online casino for the month of March. The results showed how the state is becoming one of the largest in the industry despite February being its first full month of online sports betting. Online Sports Betting: Michigan reported $359...
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The 'March SPACness' Final Four Is Set: Are These The Best Former SPACs?
Thursday, April 1, 2021 - 4:05pm | 784On "SPACs Attack," the latest SPAC mergers, rumors and headline news is broken down Monday through Friday. To coincide with the 2021 March Madness Tournament, "SPACs Attack" held a March SPACness Tournament featuring a bracket of 64 companies that have completed the SPAC process...
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DraftKings Steps Into The Ring With WWE
Monday, March 29, 2021 - 11:13am | 377One of the leading online sports betting companies is continuing to add to its list of sports league deals with an announcement Monday. What Happened: DraftKings Inc (NASDAQ: DKNG) and World Wrestling Entertainment Inc (NYSE: WWE) entered into an agreement to make the sports betting company...
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Why Michigan Is The 'Most Exciting State' For Online Sports Gambling
Monday, March 22, 2021 - 2:46pm | 468Michigan is a "No. 1 seed for online growth" in sports betting and iGaming, BofA Securities analyst Shaun Kelley said Monday. After a strong 10-day launch in January, online sports betting and iGaming in Michigan showed no signs of slowing down, the analyst said in an update on...
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One Month In, Michigan's Sports Betting Market Is Already A Big Boon For Casinos
Thursday, March 18, 2021 - 9:10am | 727Michigan was expected to be one of the largest states for sports betting in the country after launching in 2021, and the figures from the first full month of online sports betting support the early predictions. Michigan Sports Betting, One Month In: The figures from the first full month of...