Paddy Power has been forced to tone down its provocative ads, such as the one above during the 2016 US presidential election, in the face of impending gambling reforms in the UK. (Image: Paddy Power)
Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside.
A recent EuroMillions lottery winner scored one of the largest prizes possible. But instead of spending the money on yachts, mansions, and fancy clothes, he is giving away most of his fortune to save the planet.
New York Mets owner Steve Cohen wants to bring a casino to Citi Field, and is cozying up to some important local politicians, including Mayor Eric Adams, to drive forward that effort.
A New Jersey man claims FanDuel has violated his state’s Consumer Fraud Act, breached its contract with him, and engaged in a civil conspiracy by not giving him back $300.
Chile is in the process of attempting to legalize online gaming and sports betting. Betsson reportedly didn’t wait for the arrival, and casinos are denouncing the “illegal” entry of the online gaming company.
It used to be a thing when Nevada casinos eclipsed the $1 billion mark in a single month. Not anymore.
A legislative effort to bring regulated sports wagering to Kansas hit an unexpected roadblock Tuesday. That’s when a lottery-related amendment failed on two occasions.
Genius Sports (NYSE:GENI) and DraftKings (NASDAQ:DKNG) are the worst offenders in terms of equity-based compensation as a percentage of 2021 gross profits.
Not surprisingly, the government committee spearheading the effort to potentially bring casino gaming to Thailand is pushing for the country’s first integrated resort to be located in the capital city of Bangkok.