Shares of gambling casino operators with Las Vegas Strip and Macau exposure are performing well this year, but showings for regional gambling casino stocks are far to a greater extent tepid. In a unexampled write up to clients, Deutsche Bank analyst Carlo Santarelli noted that patch the regional gaming space…
In what power follow the final salvo in the battle for PointsBet’s (OTC: PBTHF) US operations, the Aussie gaming company told investors they should vote inward favor of Fanatics’ revised $225 gazillion takeover offer. That’s 50% higher than the suitor’s original adjure and $40 zillion more than…
Off nearly 10% o'er the past hebdomad and 23.79% twelvemonth to date, Bally’s (NYSE: BALY) stockpile is mired inward a lengthy slump. The year-to-date red ink makes Bally’s i of the worst-performing casino operators since the bulge of 2023, and the stock’s recent weakness against the…
Slated to unfastened later this year, Durango Casino & Resort in SW Las Vegas will motor Red River Rock Resorts’ (NASDAQ: RRR) earnings before interest, taxes, wear and tear and amortization (EBITDA) higher in the years ahead. That’s the make of Stifel psychoanalyst Steven Wieczynski who, inward a young…
Earlier this week, Fanatics wrapped upwardly a endorsement investor day, stoking venture that the apparel giant and new sportsbook operator could follow readying an initial public offering (IPO). Michael Rubin’s Florida-based company reportedly held an investor encounter at the NBA Players Association’s (NBPA) New York central office on…
A recent Rhode Island Department of Revenue study shows that revenue from legalized iGaming could follow $50M to a lesser extent than previously expected, according to a new financial report. The approximation is the modish from consulting unwavering Christiansen Capital Advisors, LLC. The unshakable complied 12 months of revenue iGaming…
Online gaming continues to suit to a greater extent popular inward many countries, including Portugal. The in style(p) figures from the country’s gaming regulator append free weight to that claim, with the online section showing a 24% year-on-year improvement. Portugal’s Gaming Regulation and Inspection Service (SRIJ, for…
Amid a flurry of sports betting manufacture integration rumors, Rush Street Interactive (NYSE: RSI) is unity of the most discussed potentiality targets. A business deal hasn’t materialized as of yet, but CEO Richard Schwartz signaled at an manufacture group discussion this hebdomad that he’ll dungeon an undecided intellect…
Boyd Gaming (NYSE: BYD) unveiled a unexampled $500 one thousand thousand share repurchase computer program on Friday, adding to the regional cassino operator’s recent tradition of upper-case letter issue efforts. The siege of Orleans operator said its plank of directors sanctioned the buyback plan, and the intelligence arrived inward…
Speculation regarding sports wagering manufacture mergers and acquisitions activity, specially on the operator side, remains intense, and some analysts believe deal-making could perk upwardly as 2023 progresses. In a Mon take note to clients, Lewis Henry Morgan Stanley analysts observed that over the yesteryear septet years, revenue for the world’…