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Wall Street analyst tackles gaming stocks in 2024

January 4, 2024 - According to a Wall Street analyst, Las Vegas Strip and locals casinos are the best positioned in the industry heading into 2024, despite the challenges of higher labor and utility... Read more »

DraftKings’ 2023 surge paces sports stocks to rebound year

January 3, 2024 - A surge in American sports betting lifted most sports betting stocks higher in 2023, as the Sportico Sports Stock Index rebounded after a disastrous 2022 to finish up 10%, its... Read more »

Gambling stocks up 300% pose dilemma for Australia pension funds

November 30, 2023 - Slot machine giant Aristocrat Leisure Ltd. has invited its biggest investors, including some of the country’s top pension funds, to Sydney next week for an unprecedented event at the gaming... Read more »

Macau casino stocks tumble on weak earnings, China headwinds

November 10, 2023 - Macau casino stocks sank the most since March 2022, led by slump in Wynn Macau Ltd., as disappointing earnings cast doubts over the pace of recovery in the world’s largest... Read more »

Bellagio land for sale; would boost gaming stocks, analyst says

July 9, 2023 - A Wall Street analyst believes plenty of buyers will line up to acquire the real estate under Bellagio casino in Las Vegas and that its sale should send a signal... Read more »

Could online sports betting stocks get a bump in 2023?

December 28, 2022 - Are operators of online sports betting sites due for a rebound in their stock prices in 2023? With the S&P 500 headed for its worst year since 2008 — down... Read more »

Macau gaming stocks jump on concession renewal, US operators notch largest gains

November 28, 2022 - The Hong Kong-listed entities of Macau’s six casino concessionaires all saw their share prices notch gains on Monday, with the three US-based operators – Wynn, MGM and Sands – recording... Read more »

Are you ready to bet on some football? Gambling stocks hope to get an NFL boost

August 24, 2022 - That afternoon, in a brief filing with the Securities and Exchange Commission, AGS shot down the $10-per-share offer, but didn’t close the door on a possible transaction.

As stocks and crypto crash, is sports betting a better option?

July 7, 2022 - With stock markets tumbling and cryptocurrency crashing, some investors are scrambling for alternatives. Could sports betting offer reprieve? One veteran sports bettor, Bill Krackomberger, said he’s enjoyed reliable profits for... Read more »

Casino stocks rise after Atlantic City workers decide not to strike on July Fourth weekend

July 1, 2022 - MGM Resorts International and Caesars Entertainment stocks were on a move Friday after the two casino operators reached a tentative agreement with Atlantic City casino union workers, avoiding a strike... Read more »