Nevada Gaming Abstract – 2021, a combined financial information report released by the Nevada Gaming Control Board (NGCB), revealed how thin the margins within the casino industry are. What a Difference a Year Can Make The report covering the financial results across all casino licensees in Nevada which reach or exceed $1 million in gross […]
Casino stocks have been see-sawing for much of 2021, although the consensus is that most gambling and hospitality companies ended up in the doldrums so far as their stock price goes. However, just because they crashed doesn’t mean cheap stocks should be avoided. There are some reasons to be out there looking to buy into […]
Days after Fitch calmed investor fears that US casinos in Macau may be in for a rough year ahead, JP Morgan, another respected investment bank, upgraded the stocks of the US-owned casinos in the special administrative region from Neutral to Overweight. This reflects a positive outlook for the properties tied to their US owners, including […]
Super Group, the ownership company of the global online gambling company Betway, has revealed that it has met the forecasts for the second half of 2021 it had made in August. The announcement comes just before Super Group’s planned initial public offering. Super Group’s IPO and August Forecast Despite a few setbacks, Super Group has […]
FuboTV has just released its preliminary Q4 results, and they are looking good for the company. Data shows that subscriber metrics and revenue are likely to exceed the original numbers that were issued, even though the company’s stock has fallen by 5% just recently. Q4 Revenue Is Expected To Be More Than $210 Million The […]
The gambling industry in the United States and globally has made quite a few big strides over the last few years. There were deals from virtually every big name, involving Flutter Entertainment, Caesars, William Hill, and others. As online sports betting stocks seem to be surging, along with interest in them, many consumers are turning […]
Gaming operators with a presence in Macau received a last-minute Christmas gift last week. Only weeks after analysts set a reduced revenue forecast for Macau in 2022, the city provided an update on what is likely coming with new gaming laws. That revelation made analysts a little more optimistic, which, in turn, made investors optimistic. […]
Gaming technology and services provider Scientific Games (SG) announced this week that it would no longer pursue to acquire the remaining equity interest in SciPlay. SciPlay Offer Rescinded SG decided to reverse its previous decision to acquire the remaining 19% equity interest in SciPlay. According to the bid tabled in July, SG offered each shareholder […]
Investor interest in sports betting technology companies continues to be high after the strategic funding round at voice-to-text software developer Voxbet saw prominent names like Tom Waterhouse and Matt Davey participate. ‘Their Credentials Leapt off the Page’ Voxbet’s funding round attracted a group of international investors, including Waterhouse VC investment fund’s chief information officer Tom […]
A buy-back program initiated at Kindred Group in July this year with the purpose to return excess cash to shareholders is now complete, announced today the gaming operator. Share Buy-Back Program Complete Kindred Group said it repurchased a total of 942,000 shares/SDRs in the period December 1-17, 2021 within the buy-back program the Board of […]
