Tag: Stocks
Penn CEO buys company shares worth $1 million
Jay Snowden, the CEO of gambling and entertainment operator Penn Entertainment, has bought company shares worth $1 million, according to a... more
Analyst: Wynn stock represents a “good risk-reward”
J.P. Morgan analyst Joseph Greff cautioned investors not to be fooled by the underperformance of Wynn Resorts stock. It “represents a... more
Australia: Trading suspended on Star Entertainment after group misses financial reporting deadline
The Australian Securities Exchange (ASX) has suspended Star Entertainment Group from trading after the company missed a critical deadline... more
Star hangs by thread after report finds it unfit to run casino
Star Entertainment Group Ltd.’s future hangs in the balance after an inquiry found the company had suffered from dysfunctional... more
Analyst picks one online gaming stock to own for upcoming NFL season
As a new football season kicks off, gambling-related stocks are reemerging as an interesting play for investors looking to get into the... more
Icahn’s Caesars stake may not concern company leaders
Now that the number of Caesars Entertainment shares owned by billionaire investor Carl Icahn are known, members of the company’s... more
Expectations lower for gaming stocks the rest of 2024: analyst
J.P. Morgan issued a note to gaming investors Monday citing “decelerating trends as consumer spending and macro economy slow.” Those... more
UPDATED: Gaming stocks rebound Tuesday along with the market; Fertitta stock purchase boosts Red Rock
Gaming industry stocks recouped some of their losses Tuesday as the markets recovered from their worst performance in two years 24 hours... more
Ninjas in Pyjamas’ $20M IPO is latest test of esports business in a public market
Prominent esports franchise Ninjas in Pyjamas began public trading on Friday, the latest financial litmus test for an industry—and... more
Fanatics denies reports of revenue decline, Rubin sell-off
On Monday, a panel of judges in Boston made it clear they are likely to side with DraftKings in an ongoing legal battle between the... more