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The Nevada Independent

Indy Gaming: Merger rumblings percolate after investor suggests Penn sell casinos

When a company's stock price tumbles for a prolonged period, activist investors often weigh in and question management. That's what happened with M Resort operator Penn Entertainment, which has seen shares decline more than 40 percent compared with its peers. Could Penn's issues affect other gaming companies, including Nevada operators? A Los…

Industry ・ 19 June 2024

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 Star

Why online casino business is profitable

The online casino industry is a highly profitable business, with earnings expected to exceed $100 billion in the next three to five years. The growing popularity of online gaming through technological advances has contributed to the online casino sector's growth. Low operational costs and global demographic make online casinos profitable and…

Industry ・ 15 March 2023

The Motley Fool

Casino Stocks Got Good News, but Investors Remain Wary

The stock market started the week on the wrong foot, as investors focused on threats to the health of the global economy in key areas like China. The Dow Jones Industrial Average ( ^DJI -1.45%), Nasdaq Composite ( ^IXIC), and S&P 500 ( ^GSPC -1.54%) all dropped about 1.5%, giving up a portion of their November gains. Casino stocks have been hit…

Finance ・ 29 November 2022

Wild Casino

$5,000 Welcome Bonus

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Sigma

Zacks Investment urges care on Macau casino stocks despite gains

Macau stocks jumped this week after a relaxation in travel restrictions, but investors should probably wait for more consistent positive profit forecasts before piling in, Zacks Investment said. The stocks surged after China indicated that it would reinstate electronic visas and group travel tours in the first significant easing since the borders…

Finance ・ 29 September 2022

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 ・ 16 September 2022

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 Nevada Independent

Indy Gaming: Slot companies’ proposed merger briefly fires up investors

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The investment community was abuzz earlier…

Finance ・ 24 August 2022

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Las Vegas, USA

Stock News

BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

The Star

Gambling mindset grips many Indonesian investors

JAKARTA, Feb 12 (Jakarta Post/ANN): The recent popularity of binary option trading has seen many unaware Indonesians lose significant amounts of money and led to blurring of the line between investing and gambling. Professional traders warn that similar confusion can also happen with legal financial instruments as novel money-making propositions…

Finance ・ 13 February 2022

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 ・ 31 January 2022

Forbes

Nevada Hits All-Time Record Of $13.4 Billion In Gambling Revenue In 2021

D espite Covid, Nevada's casinos had an historically healthy year in 2021-the state reported a record $13.4 billion in gambling revenue. The total gaming jackpot last year also beat pre-pandemic numbers in 2019 by 11.6%, according to the Nevada Gaming Control Board. The last all-time high was in 2007 when the state reported $12.8 billion in gaming…

Finance ・ 27 January 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

Israel News

Reasons for investing in online gambling 2022

The economy changed entirely after the 2008 global financial crisis. Although this crisis did not last more than one year, it encouraged emerging technology sectors to lead the global economy. With a quick look at the list of the world's wealthiest people, you will find out that they do not all have significant physical assets, and more than 90% of…

Law ・ 30 January 2022

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

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WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated…

Top and Best ・ 27 July 2021

Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…

Incidents ・ 15 July 2021

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 ・ 09 September 2021

Barron's

Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…

Strategy Guide ・ 04 June 2021

City Wire

David Stevenson: Why I'm taking a punt on online gambling stocks

There's something of an urban myth surrounding the idea of sin stocks, the antithesis of the current fad for environmental, social and governance (ESG) investing. The idea behind the myth is that these are stocks that do'no good', are in effect forbidden fruit and deliberately shunned by investors, but because they have dropped off ESG-sensitive…

Finance ・ 24 May 2021

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 ・ 20 May 2021

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 ・ 19 January 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 ・ 19 January 2021

Market Globalist

Top 3 Casino Stocks to Watch For in 2021

Finance ・ 19 January 2021