gambling

Penn National Gaming, Inc (NASDAQ: PENN) shares were rallying strongly Thursday following positive sell-side comments. The Penn National Analyst: Goldman Sachs analyst Stephen Grambling initiated coverage of Penn National with a Buy rating and 12-month price target of $60, suggesting 20%...

Sports business reporter Darren Rovell recently debated Tom Sosnoff, options trader and co-founder of Thinkorswim and tastytrade, on the pros and cons of sports betting versus trading stocks. When most professional sporting events were canceled earlier this year, many sports gamblers turned to the...

Online gaming company Rush Street Interactive and online casino sports wagering company dMY Technology Group Inc (NYSE: DMYT) announced a merger agreement Monday with the intention of taking Rush Street public.  What Happened: DMY Technology, a publicly traded special purpose acquisition...

Macau reopened casinos to guests, but gross gaming revenue was still down 97% year-over-year in June — and down 59.4% month-over-month — to MOP716 million ($89.67 million), according to BofA Securities.  The Macau Thesis: Macau's June GGR was lower than expected, as BofA...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week. Even more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown,...

High-flying DraftKings (NASDAQ: DKNG) finally has a home in an exchange-traded fund and investors finally have a way of accessing the fast-growing sports betting market in an umbrella fashion with today's debut of the Roundhill Sports Betting & iGaming ETF (NYSE:BETZ). What To Know The...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

MGM Resorts International’s (NYSE: MGM) core revenue growth was anemic even before the coronavirus outbreak, and a recovery has now become even more challenging, according to BofA Securities. The MGM Resorts Analyst Shaun Kelley downgraded MGM Resorts International from Neutral to...

Online gambling company DraftKings Inc (NASDAQ: DKNG) is the first pure-play online gambling company in the U.S. with the scale necessary to conquer the growing market, according to Susquehanna Financial Group. The DraftKings Analyst Joseph Stauff initiated coverage of DraftKings with a...

Casino stocks have had a rough year in 2020 due to coronavirus (COVID-19) shutdowns. However, some long-term gambling bulls believe business will get back to normal for gamblers as soon as casinos reopen. Two of the most popular regional U.S. casino operators are Boyd Gaming Corporation (NYSE: BYD...

Shares of Las Vegas Sands Corp. (NYSE: LVS) have underperformed an underperforming sector and seem attractive in the low $40s range, according to JPMorgan. The Las Vegas Sands Analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and set a $52 price target.  The Las Vegas...

Wynn Resorts, Limited (NASDAQ: WYNN) CEO Matt Maddox said in a Nevada Independent op-ed Sunday that the Las Vegas Strip, where casinos have been closed since March due to the coronavirus pandemic, should reopen in mid-to-late May.  Maddox called for the reopenings to occur with safety...