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DraftKings Faces Second Half Spending Tests
DraftKings (NASDAQ:DKNG) is sparking some confidence among investors following elevated 2022 revenue guidance. And perhaps more importantly, a reduced full-year earnings before interest, taxes, depreciation and amortization (EBITDA) loss estimate. Some analysts...
For Sale: Prince Harry’s Underwear from His Naked Wynn Las Vegas Romp
Just when Prince Harry thought he could Google his name without it coming up anymore, his “naked in Las Vegas” scandal is back in the news. The pair of underwear the Duke...
Jake Paul Partners With Joey Levy to Launch Micro-Betting Site Betr
Joey Levy and Jake Paul want to bring micro-betting to the forefront of US sports betting. They now have $50 million to back their venture, called Betr. Levy, who cofounded micro-betting product...
Massachusetts Lottery Seeks Online Sales Following Mobile Sports Betting Deal
The Massachusetts Lottery wants to go online. After the state motioned to authorize mobile sports gambling, at least one powerful state official in Boston says it's time to modernize the state-run lottery....
Maryland Casinos Experience Best Month Ever in July, Gaming Revenue Tops $181.5M
Maryland casinos continue to defy dire economic circumstances, experiencing robust play on their gaming floors. In July, gross gaming revenue (GGR) from the six commercial properties totaled a little more than $181.5...
Long Island Casino Employees Allegedly Threatened by New York Man
A New York man was arrested over the weekend after allegedly threatening to injure workers at New York’s Jake’s 58 Casino Hotel. He claimed he was planning to bring a firearm to...
Rush Street Interactive Inching Closer to Profitability
Like so many online sportsbook operators, Rush Street Interactive (NYSE:RSI) struggled to reach profitability following its initial public offering (IPO). But those dark days could be drawing to a close. The gaming...
Golden Entertainment Stock Underappreciated Story
Golden Entertainment (NASDAQ:GDEN) slid 9.39% today after the Arizona Charlie’s operator reported second-quarter earnings that missed Wall Street estimates. But some analysts remain bullish on the name. The casino operator notched earnings...
DraftKings Soars on Boosted 2022 Revenue Outlook, Sees Lower EBITDA Loss
DraftKings (NASDAQ:DKNG) soared 9.78% today, ranking as one of Friday’s best-performing gaming stocks. That's after the company boosted its 2022 revenue guidance while trimming its earnings before interest, taxes, depreciation and amortization...
Bally’s Stock Slumps as Atlantic City Prompts 2022 Estimate Cuts
Bally’s (NYSE:BALY) stock slumped Thursday after the regional casino operator cut 2022 revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) estimates. The company cited weakness at its eponymous Atlantic City...