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Morning Star

Should You Bet on Online Gambling Stocks Now?

Ivanna Hampton: Here's what's ahead on this week's Investing Insights. An off-the-field sports rivalry is brewing ahead of game day. What FanDuel's parent's latest play means for the online gambling industry. Plus, Meta unveils its first dividend. Find out if the tech company's stock falls into the cheap or expensive category. And, want to stop…

Finance ・ 09 February 2024

The Globe and Mail

The house always wins, which makes casino stocks a good bet

There's an old and irrefutable saying: "The house always wins." It refers to the fact that casinos and online betting sites consistently make money, while gamblers almost always end up losing sooner or later. A 2013 study by The Wall Street Journal estimated that 13.5 per cent of players that go to physical casinos come out ahead. Few of those…

Finance ・ 03 January 2024

Investor Place

3 Top Performing Stocks in the Online Gambling Industry

The online gambling market is booming. In fact, the market is projected to hit $95 billion in revenue this year. By 2027, it could hit $131.9 billion, as noted by Statista. Better, the number of online gamblers could rally to 233.7 million by 2027, too. All of that should create a massive opportunity for the online gambling stocks below. Helping in…

Finance ・ 03 November 2023

Real Money

The Day After the Fed Meeting, I'm Gambling on This Stock

The Fed interest rate decision and Chair Jerome Powell's comments on Wednesday caused a change in the market narrative and shifted the character of the price action. The bulls have been very optimistic that the Fed is near the end of its hiking campaign, which would be the catalyst for sustained market upside. The Fed is nearly done hiking, but…

Industry ・ 22 September 2023

Wild Casino

$5,000 Welcome Bonus

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fagenwasanni.com

Online Gambling Sector Shows Strong Growth in Gaming Industry

The gaming industry has experienced significant growth in online gambling. Research firm Insider Intelligence estimates that the amount of money bet on sporting events in the U.S. will increase by 45% to reach almost $137 billion this year. In addition, the revenue from iGaming, which involves betting on traditional casino games online, has surged…

Industry ・ 09 August 2023

Investor Place

3 Stocks to Buy to Benefit from the Growing Online Gambling Trend

Americans love to gamble. A record 50 million people placed a wager on this year's Super Bowl, spending $16 billion to gamble on the outcome of the big game, according to the American Gaming Association. The betting on the Super Bowl in 2023 represented a 61% increase from the previous year as online gambling platforms grow and proliferate, making…

Industry ・ 29 July 2023

Casino City Times

AGS partners with DraftKings Casino to offer slot games

Gaming News 6 February 2023 (PRESS RELEASE) -- PlayAGS, Inc., a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a new online game content partnership with DraftKings, Inc. Per the terms of the arrangement, AGS will provide DraftKings Casino with over 20 of its…

Industry ・ 12 February 2023

MarketBeat

Three Ways To Win The Online Gambling Industry

The online gambling industry is the 10th hottest industry in the US in 2022 and that is saying something. This industry is small at roughly $11 billion in value but growing rapidly and up 45% on a YOY basis as of late November. The industry is expected to continue to grow at a high-double-digit CAGR for at least the next 5 years as well, driven by…

Industry ・ 23 November 2022

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The Motley Fool

Why You Should Avoid Online Gambling Stocks Like the Plague

online gambling stocks were all the rage in 2020 and 2021 as sports betting spread across the U.S. and growth seemed to be unstoppable. DraftKings (DKNG 1.23%) and Rush Street Interactive (RSI -0.41%) went public with much fanfare, and companies like Penn National (PENN -1.41%) surged on online gambling speculation as well. But online sports…

Finance ・ 07 September 2022

The Street

Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City

Las Vegas casinos have had the market cornered on sportsbooks in the city and state thanks to a 2015 law that banned daily fantasy sports operators in Nevada. In October of that year, the Nevada Gaming Control Board issued a notice for FanDuel, DraftKings (DKNG) - Get DraftKings Inc. Report and any other daily fantasy sports operator to cease…

Sports ・ 05 August 2022

TipRanks

Evolution Gaming: A High-Rolling Online Gambling Stock

Evolution Gaming Group AB (EVVTY) develops, produces, markets, and licenses B2B casino solutions to gaming operators. It provides live casino studios, land-based live casino, mobile live casino, and live casino for television. Its customers include various gaming/gambling companies, including the well-known DraftKings (DKNG). However, the major…

Gambling Sites ・ 15 May 2022

The Motley Fool

Why (Some) Gambling Stocks Are a Great Buy Right Now

The gambling market can be a lucrative business if you place your bets right. For most of the last decade, the best investments were in Macao's casinos, which were some of the most profitable in the world. But the pandemic has changed the gambling business in ways that could be permanent. Online gambling is here to stay, Macao has yet to make a…

Travel ・ 07 April 2022

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The Street

Las Vegas Casino Player Wants to Expand the Betting Tent

Business is all about growth and business for the sports gambling industry has been good. Sports betting accounts for between 30% and 40% of the worldwide gambling market, producing a yield (the money casinos receive from bettors minus the payout) higher than $400 billion in 2021, according to Statista. In June 2018, sports gamblers wagers $310…

Land-based ・ 16 March 2022

PR Newswire

Vegas Goes All In as Online Gambling Soars

NetworkNewsWire Editorial Coverage NEW YORK, Feb. 28, 2022 /PRNewswire/ -- Almost everything in the online gaming market produces eye-popping numbers. Even pre-COVID, online gambling was accelerating at a brisk pace as ever more people discovered mobile apps and demand surged with the younger tech-savvy demographic. Enter the coronavirus pandemic…

Mobile ・ 28 February 2022

Seeking Alpha

Hot Stocks: Online gambling stocks fall; ROKU, RDFN plunge on earnings; APPN rises

Stocks suffered another day of losses on Friday, adding a modest retreat to the previous day's substantial decline. Geopolitical tension and general worries about the direction of the market in the face of looming rate hikes kept investors on the sideline. The selling affected online gambling stocks, which were dragged down by a disappointing…

Finance ・ 18 February 2022

Barron's

New Data Show Enormous Growth Rate in Gambling Ads

It's clear to anyone who watches television in a state where gambling is legal that gambling ads are becoming more common. But new numbers show just how quickly they have grown. The cost of television ads for online gambling and gambling services jumped to $725 million in 2021, up from $292 million in 2020, according to Nielsen. To put that into…

Industry ・ 10 February 2022

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Study Breaks

What Are the Best Gambling Stocks To Buy in 2021?

The gambling industry is a very fast-growing and profitable one. The best gambling stocks to buy in 2021 have been around for a while and offer the newest technological advances to their customers. This article will discuss these best gambling stocks and how real money slots online are connected to them, as well as the important things to keep in…

Strategy Guide ・ 16 January 2022

Markets Insider

Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans think of Vegas as the top gambling destination, but…

Covid ・ 05 January 2022

Salamanca Press

Digitization Reshaped Ecommerce First, Now Moving to Online Gaming

NEW YORK, Dec. 9, 2021 /PRNewswire/ -- The early days of ecommerce can be traced back decades, sluggish until the 2000s, then accelerating rapidly over the last 10-plus years. Online gaming is on a similar trajectory. Analogous to what Amazon and Alibaba did for ecommerce, online gaming has deep roots that go back decades and now has entered a…

Industry ・ 09 December 2021

Money Week

Three safe bets on the growing online gambling sector

We have a bullish view on the global sports betting and iGaming (online gambling) industries. We are most excited by the US market, where Goldman Sachs expects revenues to increase 23-fold from $2.3bn in 2020 to $53bn in 2033 - a compound annual growth rate of 27%. The key growth drivers are pent-up demand and an easing regulatory environment,…

Industry ・ 29 November 2021

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The Motley Fool

Wynn Resorts Abandons Online Gambling SPAC. Should Investors Worry?

It's been a wild week for entertainment stock Wynn Resorts (NASDAQ:WYNN), the high-end casino company with operations in Las Vegas, Boston, and Macao. Wynn reported third-quarter earnings that were decent but not impressive, the CEO announced he was leaving, and on Friday morning the bombshell dropped that Wynn is no longer spinning off its online…

Travel ・ 23 November 2021

PR Newswire

Multi-Billion Dollar Global Online Gambling Market Exploding in Popularity with No Signs of Slowing

FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Oct. 5, 2021 /PRNewswire/ -- The Global Online Gambling Market just continues to grow significantly, and the projections keep increasing. Key factors such as an increase in the number of internet users followed by increasing access to data and online gambling platforms are driving the online…

Industry ・ 05 October 2021

Forbes

Las Vegas Sands Stock Is A Steal

The proposed change in Macau's gaming law and increased regulatory oversight, along with the prolonged slump due to the coronavirus crisis, has led to a 50% decline in Las Vegas Sands' stock (NYSE: LVS). Notably, Sands' current market capitalization of $27 billion is a little more than Draft Kings' (NASDAQ: DKNG) $20 billion. While the sports…

Finance ・ 04 October 2021

The Motley Fool

MGM Resorts Is Making Moves on the Las Vegas Strip

Just a few years ago, MGM Resorts (NYSE:MGM) had to deal with a complicated ownership structure in arguably the most valuable section of the Las Vegas Strip. The company owns Bellagio Hotel & Casino, New York-New York, and Park MGM, but it didn't own The Cosmopolitan and only owned half of CityCenter, which sat in the middle of the company's row of…

Travel ・ 04 October 2021

WTOP

7 Best Casino Stocks to Buy on the Dip

Wells Fargo is selectively bullish on gaming and casino stocks. Casino stocks have taken a hit recently, and the Dow Jones U.S. Gambling Total Stock Market Indexis down 6.6% since Sept. 7. General concerns about the Chinese economy coupled with fears over regulatory crackdowns and uncertainties surrounding a gaming law review in Macao have been…

Top and Best ・ 04 October 2021

WFMZ News

Global Online Gambling Market Size Expected To Reach $127 Billion By 2027

PALM BEACH, Fla., Sept. 22, 2021 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - The Global Online Gambling Market is projected to continue to grow over the next several years. Increasing adoption of smartphones and easy access to casino gaming platforms are currently driving the market. Factors such as increasing internet penetration and…

Industry ・ 22 September 2021

Real Money

Put These 2 Gaming, Gambling Names on Your Radar

Gambling and gaming. Gaming and gambling. I can't stay away from these two sectors. I don't want to stay away from these two sectors. And I love it when the two sectors are intertwined. Heck, if we throw DraftKings (DKNG) in here, we get gambling, gaming, and NFTs, but I digress. I was watching Genius Sports (GENI) with its breakout today. The…

Sports ・ 31 August 2021

The Street

Penn National, Online Gambling Stocks Continue to Climb

Penn National Gaming and other online gambling companies rise as football season is set to begin. Penn National Gaming (PENN) - Get Report and other online gambling companies continued to climb Wednesday just as the college and professional football seasons are set to kick off. Penn National shares on Wednesday rose 8% to $79.49 at last check.…

Finance ・ 25 August 2021

The Motley Fool

Why U.S. Casinos Are Beating Macao Casinos Right Now

The casino industry has had a rough go of it over the past two years, with COVID-19 shutting down the industry at times and the cash cow of Macao being hit by even more restrictions than U.S. casinos. You might think that this kind of environment would be terrible for casino stocks, but that's not the case across the board. MGM Resorts (NYSE:MGM)…

Sports ・ 21 August 2021

Investor Place

3 Gambling Stocks Ready to Ride Golden Nugget's Victory

There's been a spate of mergers and acquisitions among gambling stocks this year, with one of the most high-profile deals announced on Aug. 9. That was when fantasy sports and online gambling operator DraftKings (NASDAQ: DKNG) announced it would acquire Golden Nugget Online Gaming (NASDAQ: GNOG) for $1.56 billion in an all-stock deal. Golden Nugget…

Sports ・ 19 August 2021

West Island

DraftKings Acquisition Golden Nugget Online Gaming will more than Double its Internet Casino Market Share

DraftKings (NASDAQ: DKNG) has finally announced the acquisition of online casino operator Golden Nugget Online Gaming (NASDAQ: GNOG) at a 41.56 billion in equity. DraftKing made this revelation on Monday, becoming its largest purchase since becoming a free-standing company in April 2020. This acquisition also signals the opportunity that the…

Industry ・ 12 August 2021

ABC 13 Eyewitness News

DraftKings to buy Tilman Fertitta's online gaming casino for $1.56 billion

HOUSTON, Texas -- DraftKings, the nationally renown fantasy sports and online sportsbook company (Nasdaq: DKNG), announced it will acquire Houston billionaire Tilman Fertitta's Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) in an all-stock transaction valued at $1.56 billion. In addition, DraftKings has reached an agreement with Fertitta…

Industry ・ 09 August 2021

Culture Map Houston

Tilman Fertitta sells his golden online gaming casino for $1.56B

DraftKings, the nationally renown fantasy sports and online sportsbook company (Nasdaq: DKNG), announced it will acquire Houston billionaire Tilman Fertitta's Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) in an all-stock transaction valued at $1.56 billion. In addition, DraftKings has reached an agreement with Fertitta Entertainment on a…

Industry ・ 09 August 2021

Salamanca Press

Convenience One of the More Important Factors Contributing to Growth of Online Gambling

PALM BEACH, Fla., July 7, 2021 /PRNewswire/ -- Online and mobile wagering has grown dramatically during the pandemic and is projected to continue to grow over the several years to come. With the growing use of the internet, the growth rate of online casinos has increased significantly. In addition, growing awareness of the latest technologies and…

Lottery ・ 08 July 2021

PR Newswire

Novel Online Gambling Options Begin to Reach Consumers

Mobile ・ 24 May 2021