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Esports
February 2, 2022
Electronic Arts Reports Biggest Net Bookings, Misses Earnings
Electronic Arts has had its biggest net bookings yet in the company’s history as the video gaming giant and publisher closed another successful three months ended December 31. The company’s total revenue reached $1.79 billion, up 7% and net bookings ended at $2.58 billion, up 7% as well. Nevertheless, this missed the expected $2.577 billion […]
Business
January 26, 2022
Bally’s Receives Takeover Offer 30% Greater than Its Valuation
Standard General must know something others don’t. The New York hedge fund has offered to purchase the shares it doesn’t already own of Bally’s Corp. at a $2.07-billion valuation. Standard General is managed by Soohyung Kim, Bally’s chairman. Bally’s Mulls Buyout Bid Standard General is the largest shareholder of Bally’s, holding 20% of the company. […]
Business
January 25, 2022
USB Endorses Fox Gambling Stock in Recent Update
Gambling stocks were routed in 2021 and the outlook for 2022 isn’t all too good. After reports that Wynn will put its interactive wagering division for sale, investors have begun asking if putting their money in gambling stocks is wise anymore. Fox Gambling Stock Shows Strength According to UBS analyst John Hodulik, there are still […]
Business
January 20, 2022
Esports Technologies’ Revenue Forecast Predicts $70M Through September
Las Vegas-based Esports Technologies is looking for a successful 2022. The company, which provides esports betting options for operators, is confident that a number of recent strategic moves will continue to propel it upward. By the end of the current fiscal year in September, its revenue will have reached $70 million, according to a company […]
Industry
January 18, 2022
888’s Trading Update Showed 14% Growth despite Q4 16% Slump
Online betting and gaming group 888 Holdings released today a post-close trading update for the 12 months ended December 31, 2021, posting stable growth driven by product strategy and continuous market expansion. Double-Digit Growth 888 Holdings announced its revenue grew by 14% driven by taxed and regulated markets which slightly increased its share of total […]
Industry
January 14, 2022
Nevada Abstract Showed the Magnitude of Restrictions Impact
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
January 14, 2022
Goldman Sachs Eyes LVS Stock as Good Investment in 2022
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 […]
Casino
January 13, 2022
JP Morgan Says US Casinos in Macau Already Seen the Worst
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 […]
Business
January 11, 2022
Super Group Announces It Has Met Its H2 2021 Targets
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 […]
Business
January 11, 2022
FuboTV’s Preliminary Q4 Results Exceed the Company’s Expectations
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 […]