gambling

It’s no secret sportsbooks across the globe have had their betting offerings decimated by the novel coronavirus pandemic. The NBA, NHL and MLB have all suspended and postponed their regular seasons. Globally, soccer, rugby and cricket clubs have had their competitive activities...

Penn National Gaming, Inc (NASDAQ: PENN) shares surged on Wednesday following news it has agreed to buy a stake in publisher Barstool Sports Inc. for $163 million. Penn National, a casino operator, plans to take a 36% stake in Barstool Sports, which produces sports media and live events, according...

MGM Resorts International (NYSE: MGM) is teaming with restaurant chain Buffalo Wild Wings to jointly offer sports betting where it's legal to do so through Roar Digital's BetMGM digital gaming platform. What Happened Roar Digital, the joint venture between MGM Resorts and U.K.-based...

New Jersey is ready to overtake Las Vegas as the sports betting capital of the U.S., according to The New York Post.  The state, with help from the NFL, is poised to take the lead in newly legal sports betting, the tabloid said.  "Indeed, it only took 11 months for New Jersey to...

DraftKings' sports betting launch in New Jersey has been immensely successful and the company is eyeing consistent growth as it launches into more states. Since the company launched legal sports betting in New Jersey in August of 2018, CEO Jason Robins says the state now makes up nearly a third...

Kien Huat Realty III Limited and Genting Malaysia Berhad is acquiring the remaining shares of Empire Resorts, Inc. (NASDAQ: NYNY) for $9.74 in cash per share of common stock,  The purchase price represents a premium of approximately 15% over the Aug. 16 closing price of Empire...

Tiger Woods threw up his arms and joined a jubilant Masters crowd in celebrating his win Sunday, easing 14 years of injury- and scandal-related frustration since his last win at Augusta. But while Woods roared and his fans went wild, the burgeoning American sportsbook industry felt like it just hit...

One of the biggest names in casinos is laying down odds that sports betting will be big business, with Caesars Entertainment Corporation (NASDAQ: CZR) saying Monday it will take an equity stake in DraftKings, an emerging leader in the new sports gambling arena. What To Know DraftKings, which...

Atlantic City casino wins were up more than 9 percent in January year-over-year, according to new state figures, but the real jackpot in the state may have come courtesy of online sports betting. New Sports Revenue  In a look at the latest state numbers from New Jersey on gaming revenues...

Casino stocks are off to a hot start in 2019. While Credit Suisse analyst Cameron McKnight said the outlook for Las Vegas is bullish, the analyst said in a Friday note that the Macau market may be much more difficult in coming quarters. Las Vegas Booming McKnight said he is positive on the U.S...

Sunday’s Super Bowl will be the first played in the era of widespread legal sports betting, now allowed in eight states. How much will be bet now that punters can lay down some money on whether the Rams or Patriots will win (and lots of other things surrounding the game)? It appears the over-...

The NFL has signed its first exclusive sponsorship deal with a casino. What Happened Caesars Entertainment Corporation (NASDAQ: CZR) has been selected as the first-ever casino sponsor of the NFL. Both parties agreed to a three-year deal worth approximately $30 million annually that gives...

Notable short seller Jim Chanos, the founder and President of Kynikos Associates, told CNBC's Sara Eisen in an interview Thursday he has been short casino operators Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) since the summer. What Happened Speaking to CNBC's...

Shares of Gaming Partners International Corp. (NASDAQ: GPIC), a supplier of gaming table equipment to casinos worldwide, rose 70 percent after the company agreed to sell itself to Angel Holdings, a supplier of casino playing cards and table game equipment. What Happened As part of a merger...

Penn National Gaming, Inc (NASDAQ: PENN) has acquired operating rights to the Greektown Casino in downtown Detroit as part of a $1-billion sale of the property. What Happened Dan Gilbert, the founder and chairman of Quicken Loans, agreed to sell Greektown Casino for $1 billion. The property...