Finance

We Remain Bullish Online Gambling (Despite Negative Headlines)

app.hedgeye.com
 
We Remain Bullish Online Gambling (Despite Negative Headlines)
Super Slots

Online gaming stocks got hit with a triple whammy of negative headlines yesterday:

  1. NCAA pushing for an all-out ban on player prob bets.
  2. Senator Blumenthal pushing for operators to not target problem gamblers (we aren’t convinced they presently do).
  3. NJ proposing a tax hike on Online Sports Betting (OSB) and iCasino.

“Obviously there was a negative reaction yesterday in the stocks, but I don’t see that this is going to be a major factor,” said Gaming, Lodging, and Leisure (GLL) analyst Sean Jenkins this morning on The Call @ Hedgeye relating to the prop betting fiasco.

Watch the full clip, where Jenkins lays out his reasoning for our GLL team’s continued confidence in OSB stocks.

Related
focusgn.com

Dutch MPs vote to ban high-risk online slots

Members of the House of Representatives also voted for a ban on online gambling advertising. The Netherlands.- A narrow majority of MPs in the Dutch House of Representatives have voted in favour of motions to ban online slots and to prohibit online gambling advertising. Other motions call for mandatory financial risk checks and identification for…
Law
Seeking Alpha

The Las Vegas Strip is fading all those concerns of a consumer slowdown

The early report out of the casino industry's heavyweight G2E Global Gaming Expo is that trends in Las Vegas are not showing any major signs of slowing down, despite the macroeconomic backdrop. Wells Fargo analyst Daniel Politzer said meetings with management from Caesars Entertainment (NASDAQ: CZR) at G2E indicated that Las Vegas seems to be…
Land-based
Super Slots
West Island

Las Vegas Casino Stocks Poised for Comeback Despite Recent Struggles

Despite the harsh downturns seen since early August, a handful of Las Vegas casino equities are locked in bearish trading cycles. Whilst many may interpret this as a cause for concern, there exist analysts who affirm that this dip in performance may merely be a temporary setback, and that the future for Strip operators appears promising in the…
Land-based
The Motley Fool

Why Las Vegas Sands Stock Jumped Higher Earlier Today

Las Vegas Sands (LVS 3.94%) were up 12.4% as of 1:05 p.m. ET on Monday. The jump followed positive news over the weekend about the return of tourism in China's Macau Special Administrative Region, where Las Vegas Sands has invested over $15 billion for future growth. Other casino stocks were also rising on the news, with Wynn Resorts up 12.8% at…
Travel
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years, the advent of online gaming and the emergence of the COVID pandemic. Both created serious challenges for the industry, but the year 2022 has seen the industry bounce back after more than a year of subpar performance. Hospitality industries such as casinos suffered a…
Sports
Investing In Casinos And Online Gambling: Key Things To Know
Taipei Times

COVID-19: Stocks in Macau casinos fall as virus restrictions kick in

Macau casino stocks yesterday slumped as the Chinese gaming hub battled a COVID-19 outbreak, which has prompted tightened social distancing restrictions and mass testing. The sector has been hammered by the COVID-19 pandemic, with vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus - including tough border…
Covid
COVID-19: Stocks in Macau casinos fall as virus restrictions kick in
European Gaming

REGULATOR WARNS HIGHER FINES ON THE CARDS FOR ILLEGAL GAMBLING ADS

Online betting operators have been issued with more than $100000 in fines over the past week as Liquor & Gaming NSW continues to take a zero-tolerance approach to the publication of illegal gambling inducements. Most recently, online betting provider BetDeluxe has been fined $70000 for publishing illegal gambling inducements after being prosecuted…
Law
REGULATOR WARNS HIGHER FINES ON THE CARDS FOR ILLEGAL GAMBLING ADS
The Motley Fool

Investing in Casino Stocks

A night at the casino might seem like an experience frozen in time -- imagine visions of James Bond or pressing your luck at the craps table -- but the casino industry is changing fast, and new developments present a unique opportunity for investors. Online gaming is becoming legal in many U.S. states, and both old-school casino chains and upstart…
Finance
Investing in Casino Stocks
RELATED LOCATION
Location Icon
Country
USA
Location Icon
State
New Jersey
Location Icon
State
New Jersey
EconoTimes

Responsible Online Gambling: Myth or Reality?

Gambling is one of these hobbies where others might look at you with a bit of judgement. The risk of losing money and the potential of developing an addiction have left it with a negative reputation. That is especially true for gambling on the internet, where many people expect the available gambling websites to be scams of some sort. The anonymity…
Trust and Safety
Responsible Online Gambling: Myth or Reality?
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
Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says
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
7 Best Casino Stocks to Buy on the Dip
Stock News

LVS: 3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision

The casino industry has experienced a decent recovery this year with the reopening of brick-and-mortar casinos and the growing popularity of online gambling. However, shares of Macau casino operators declined by approximately one-third of their values, losing about $18 billion, on September 15, as Macau declared stronger supervision of casino…
Finance
LVS: 3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision
RELATED CATEGORIES
Category Icon
Category
Finance
Category Icon
Category
Law
Category Icon
Category
Sports
The Motley Fool

Why Casino Stocks Have Jumped This Week

S&P Global Market Intelligence. Stocks with exposure to Macao like MGM Resorts (NYSE:MGM), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) jumped as Macao eased some travel restrictions to the region. U.S. casino operators Penn National (NASDAQ:PENN), Caesars Entertainment (NASDAQ:CZR), and Boyd Gaming (NYSE:BYD) jumped on a combination…
Finance
Why Casino Stocks Have Jumped This Week
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
3 Gambling Stocks Ready to Ride Golden Nugget's Victory
Entrepreneur

Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy?

Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the continued evol... Stay informed and join our daily newsletter now! 6 min read Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the…
Finance
Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy?
Investing

Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy? By StockNews

Stock Markets 30 minutes ago (Aug 05, 2021 10:31AM ET) Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the continued evolution of online casinos supported by the development of gambling apps and the rapid proliferation of smart devices. Also, with physical casinos…
Finance
Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy? By StockNews
Vegas Slots Online

‘Go Ahead and Gamble’ Philippine President Duterte Says

The historically anti-online gambling Philippine President Rodrigo Duterte has done a startling about-face in his stance on the subject, with Bloomberg reporting that gaming stocks have risen following his announcement earlier this week. "Go ahead and gamble" was the proclamation issued from Duterte's office on July 7. Bloomberg took to Twitter…
Covid
‘Go Ahead and Gamble’ Philippine President Duterte Says
World Casino News

Duterte charge of heart helps Manila casino stocks

In the Philippines and the individual share prices for some of the nation's largest casino operators have reportedly risen sharply following a dramatic change of heart from President Rodrigo Duterte (pictured). According to a report from the Bloomberg news service, the 76-year-old leader has been an outspoken critic of gambling for many years and…
Finance
Duterte charge of heart helps Manila casino stocks
The Financial

Why Are Online Gambling Stocks Plummeting? ► FINCHANNEL

As far as growth assets went, online gambling stocks were some of the hottest items on the market in late 2020. Though this industry has been around since the mid-1990s when Antigua and Barbuda passed the Free Trade and Processing Act, it still lagged far behind the brick-and-mortar sector, posting only a fraction of its annual revenues. However,…
Finance
Why Are Online Gambling Stocks Plummeting? ► FINCHANNEL
Investor Place

3 Casino Stocks to Watch As Land-Based Gambling Declines

Casino stocks have had a tough 2020 due to declining revenue, at least for traditional casino stocks with physical locations and no online games. Still, something unorthodox happened to some casino stocks: soaring stock prices in the face of declining revenues. Are casino stocks now a safe bet on the global economic reopening and the return to…
Finance
3 Casino Stocks to Watch As Land-Based Gambling Declines
Calvin Ayre

Will Golden Nugget follow Penn & GameStop into Parabola Land?

We need a new word for what's going on in the capital markets. "Mania" just doesn't cut it anymore. The stocks of nearly bankrupt companies are acting like vapid viral tweets, or the next video of an unlucky cat swinging from a ceiling fan and flung into a wall. A vast army of Robinhood day-trading high-school graduates living in their parents'…
Sports
Will Golden Nugget follow Penn & GameStop into Parabola Land?
Value Walk

Online Gambling Stocks Versus Land-Based Casino Stocks In 2021

When the COVID-19 pandemic hit, land-based casinos were hit hard. Many states forced them to shut down to slow the spread of the coronavirus. However, that move greatly benefited online gambling companies as people who usually gamble in brick-and-mortar casinos turned to cyberspace to get their fix. The choice may seem clear for those who are…
Land-based
Online Gambling Stocks Versus Land-Based Casino Stocks In 2021
The Motley Fool

Why Your 2021 Resolution Should Be to Buy More Gambling Stocks

The casino and gambling industry had an even stranger year than most of the market in 2020, with some stocks tanking and others flying high. Traditional casino companies like Melco Resorts, Las Vegas Sands, and Wynn Resorts not only underperformed the market, they lost value last year. Meanwhile, stocks like Penn National…
Sports
Why Your 2021 Resolution Should Be to Buy More Gambling Stocks
  • 18 plus
  • eCogra
  • Trusted Site
  • Game Care