Delaware Lottery, the state gambling operator, announced the launch of its online gambling operations on 4 January 2024. The operator’s partnership with the trusted...
For the customers of BetRivers and PlaySugarHouse sportsbooks, Squares is the most popular way of winning. The highest potential payout is $10,000, which is...
Internet casino and sports wagering equities are being walloped this year. But a bottom could be near for iGaming stocks, and there’s a clear way to play a potential rebound, according to one analyst. In a new note to clients, Roth Capital analyst Edward Engel says that some investors might start nibbling at iGaming stocks […]
Investors are fanatical about Fanatics, as they recently pumped $1.5 billion into the sports merchandise maker, valuing the aspiring gaming company at $27 billion. The latest funding round for Michael Rubin’s privately held company included existing investors as well as BlackRock, Fidelity, and MSD Partners — an investment vehicle controlled by Dell founder Michael Dell. […]
Rush Street Interactive (NYSE:RSI) is scheduled to deliver fourth-quarter results after the close of US markets on Wednesday, March 2. At least one analyst is optimistic about what the gaming company will tell investors. In a new note to clients, Roth Capital analyst Edward Engel says the iGaming and online sportsbook operator is likely to […]
Shares of DraftKings (NASDAQ:DKNG) are lower by almost 20 percent on volume that’s more than double the daily average in midday trading. That’s after the online sportsbook operator presented investors with 2022 guidance that further accentuates its long road to profitability. While the Boston-based gaming company said fourth-quarter revenue surged 47 percent to $473 million, […]
Takeover speculation is swirling around Kambi Group Plc (OTC:KMBIF). That’s after the sports betting platform provider ditched a poison pill provision hindering its ability to be acquired. Kambi said last week it satisfied the terms of a $8.5 million convertible bond agreement reached when Kindred spun the technology company off in 2014. It announced that […]
New York didn’t just break the record for sports betting handle in the first month mobile apps became available. The Empire State obliterated it, according to data released Friday by the state’s Gaming Commission. The six mobile apps that launched in January reported a combined handle exceeding $1.62 billion through last Sunday. That shattered the […]
On Monday, Rush Street Interactive (NYSE:RSI) said it’s entering Mexico’s gaming market through an agreement with media conglomerate Grupo Multimedios. A sell-side analyst believes the move could be a boon for the operator. In a note to clients, Roth Capital’s Edward Engel notes that with investors focusing so intently on the US sports betting market, […]
Rush Street Interactive (NYSE:RSI) is entering the Mexican online casinos and sports wagering market through a deal with media giant Grupo Multimedios. Financial terms of the agreement weren’t disclosed. But RSI said it’s a 25-year accord and that it will be working in tandem with a subsidiary of the media conglomerate that has a gaming […]
