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Mexican TV giant spins off soccer, gambling operations, to robust stock market debut

February 21, 2024 - Shares of Mexican soccer and gambling business Ollamani SAB surged Tuesday following its spinoff from pay TV operator Grupo Televisa SAB, driving the market value of the newly listed company... Read more »

Game shipments boost revenue for Light & Wonder; board backs plan for Australian stock market listing

May 10, 2023 - Light & Wonder highlighted research-and-development streamlining and preparations to list its stock in Australia as it posted first-quarter revenue that topped Wall Street forecasts. Although the company reversed its year-earlier... Read more »

Billionaire-backed ‘sports stock market’ venture looks to join gambling craze

September 22, 2022 - Sports gamblers in New Jersey now have a new way to profit off their favorite NFL player’s success. Mojo, a startup backed by billionaire Mark Lore, former New York Yankee... Read more »

NFL player “stock market” Mojo launches in New Jersey

September 19, 2022 - Mixing sports gambling, fantasy competition and stock market mechanics, Mojo [launched] in New Jersey Monday with $100 million raised to date. In the app, NFL players—from Tom Brady to Jets... Read more »

Macau gaming stocks plummet again as $4.4 billion wiped from market cap

March 15, 2022 - Macau gaming stocks have seen another HK$35 billion (US$4.4 billion) wiped off their combined market capitalization – the second time in as many weeks that prices have crashed over the... Read more »

Macau gaming stocks see US$3.5 billion wiped from market cap

March 8, 2022 - Almost US$3.5 billion has been wiped off from the market capitalization of Macau’s gaming operators since Friday as investors continue to exhibit caution over the sector. The Hong Kong-listed entities... Read more »

Paddy Power gambles on new sports betting virtual stock market

May 10, 2021 - Paddy Power, the eponymous face of Ireland’s biggest bookmaker who was responsible for some of the company’s most controversial publicity stunts, is betting that his new tech startup, a virtual... Read more »

Doing the impossible: Trying to predict the future of the stock market

September 20, 2020 - Trying to understand the ups and downs of the stock market, or any individual stock, is never easy. The explanations that analysts offer to attempt to explain the fluctuations in... Read more »

Sports betting could become a hot ticket item for the stock market players

June 13, 2020 - With casinos reopening across the U.S. in the COVID-19 environment, legal sports betting is drawing renewed attention as the gaming industry recovers from its nationwide shutdown. The interest, however, comes... Read more »

GLPI pulls $530M from its credit line; gaming stocks buck market trends and jump in value

March 24, 2020 - Real estate investment trust Gaming and Leisure Properties told investors Monday it withdrew more than $530 million from its revolving credit line to provide the company with additional cash as... Read more »