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DraftKings Hit With ‘Sell’ Rating Ahead of Q4 Earnings Report
DraftKings (NASDAQ: DKNG) delivers its fourth-quarter earnings update next week, and one analyst is advising investors to take profits in the stock, which soared to start 2023. In a note to clients...
Caesars Among Biggest NFL Sponsorship Spenders
The NFL hauled in $1.88 billion in sponsorship revenue last year with gaming/wagering ranking as one of the top categories. In that group, Caesars Entertainment (NASDAQ: CZR) led the way. During the...
Massachusetts: Encore Expansion Approved, Online Sports Betting to Begin Next Month
The Massachusetts Gaming Commission (MGC) has given Wynn Resorts its blessing to expand gaming operations off of Encore Boston Harbor property's original property. With casino sports betting now legal and operational in...
Las Vegas Sands, Wynn Resorts Among Politicians’ Favorite Stocks
Politicians from both parties are active participants in financial markets and gaming stocks. Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), are among their favorite holdings. Two exchange traded funds...
Macau Gaming Regulator Charged with Participating in Prostitution Ring
A Macau gaming regulator employed by the enclave's Gaming Inspection and Coordination Bureau (DICJ) is facing criminal charges for his alleged participation in an illegal prostitution enterprise. In September, Macau's Judiciary Police...
NBA Amends Advertising Regulations for Sportsbooks, Bounces ‘Risk-Free’ Language
The NBA is tightening up its regulations for sportsbooks partnered with the professional basketball league and its franchises. The move is in hopes of better-protecting fans from the potential dangers of gambling...
Super Bowl Special Promotions Offered by Six New York Sportsbooks
Resorts World is offering a hoodie. DraftKings Sportsbook is offering a 100% profit boost on a same-game parlay for the Super Bowl. FanDuel Sportsbook is offering a piece of $10 million in...
Macau Considering Paying Travelers to Come Visit Casino Enclave
Macau is finally enjoying its long-awaited economic recovery, with the region's casinos experiencing an uptick in business following the lifting of COVID-19 restrictions that caused significant pent-up demand. China is only now...
Poker World Freaks Over Heads-Up Tourney Surrender
Here’s one you don’t see every day. William Pinkerton – a heads-up player in a $400 buy-in tournament held last week at the Potomac Winter Poker Open at MGM National Harbor in...
Petersburg Casino Bill Passes Virginia House, Senate Odds Long
The Petersburg casino bill has passed the Virginia House of Delegates. The proposal would qualify the city to consider a casino resort and prevent Richmond from conducting another gaming referendum until Petersburg...