U.S. President Donald Trump recently announced a new round of tariffs on global imports, leading to the most severe stock market downturn since the COVID-19 pandemic in 2020, with casino operators' stocks being hit hard.Casino Operators' Stock Prices PlummetFollowing the announcement of the new tari
Bally’s Posts Mixed Q4, Cancels Earnings Call as Shares PlummetBally’s Corporation suddenly canceled its earnings call shortly after its stock’s value plummeted. The company’s Q4 report wasn’t very reassuring either, as EBITDA remained unimpressive across all segments, suggesting a troubled period f
Wall Street stock analysts weren’t displeased with Light & Wonder’s fourth-quarter numbers. Neither did they alter ratings or raise price targets.Deutsche Bank’s Carlo Santarelli stayed with a Hold rating and $89 per share price target, well below the $101.63 per share at which Light & Wonde
Wynn Resorts CEO Craig Billings, touting a record-setting 2024 and strength in 2025 in Las Vegas, said the gaming operator will continue to buy back its stock, because the value won’t be recognized until after the $5.1 billion Al-Marjan Island casino resort in the United Arab Emirates debuts in 2027
The subsidiary Better Collective has released its preliminary financial results for the fiscal year 2024, showing a revenue of 371 million euros ($384.4 million), a 12.6% increase from the performance in 2023. This revenue figure has reached the organization's annual target of 355 million eu
Penn Entertainment to Consider HG Vora’s Board NominationsThe provider of integrated entertainment, sports content, and casino gaming experiences across five segments, Penn Entertainment (PENN), has found itself involved in a proxy fight with its shareholder, HG Vora Capital Management.The latter is
Super Group’s Shares Soar After Optimistic Preliminary 2024 ReportOnline gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures.Q4 Was a Strong Pe
Toronto-based Bragg Gaming Group Inc. announced this morning they will have a booth at the upcoming ICE Barcelona show Jan. 20-22, showing off solutions like Bragg PAM, Fuze player engagement toolset, Bragg HUB and casino content.That news is in line with what the industry was told two days ago that
The AGEM Index increased by 126.17 points to 1,644.36 in November 2024, an 8.3 percent increase from the prior month. Compared to one year ago, the Index rose 51.0 percent, or 555.36 points. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, which resulted i
Third-quarter numbers for manufacturer Everi Holdings came in below Wall Street expectations. But due to the pending acquisition by Apollo Management, the results “should have a minimal impact on the shares,” wrote Jefferies Equity Research analyst David Katz in a December 2 investor note. The Apoll
Flutter Entertainment has reached its highest closing price since its common stock began trading on the New York Stock Exchange (NYSE) earlier this year. At the end of last year, there were reports that Flutter would delist from the Euronext Dublin in Ireland, which was confirmed in January this yea
Shares in Wynn Resorts soared by more than 8.6% on Thursday after billionaire Tilman Fertitta increased his stake in the casino operator to 9.9%, making him the largest shareholder in the company. Fertitta, who now holds 10.9 million shares of Wynn Resorts, surpassed Elaine Wynn as the company’s top
Bragg Gaming Posts Q3 Report, Shares Plummet as Execs Rule Out SaleBragg Gaming Group has published its Q3 report, highlighting a stable and growing business with record-breaking revenue growth. The company, however, saw its share price decline after it denied a potential sale of its business.The Co
Penn Entertainment shares fell in early trading Wednesday following a downgrade from Bank of America, which lowered its rating to “neutral” from a prior recommendation. Analyst Shaun Kelley attributed the change to what he described as a “balanced” risk-reward outlook, assigning a price target of $2
Wynn Resorts stock soared Thursday on news that billionaire Tilman Fertitta increased his stake in the company to 9.9%.A 13G/A filing released late Wednesday showed that Fertitta owned a total of 10.9 million shares in a passive stake. In October 2022, Fertitta acquired 6.9 million shares for a 6.1%
Game-maker Light & Wonder reported a slightly narrower $64 million profit for the third quarter of 2024. The results didn’t greatly reflect the removal of Dragon Train, enjoined by a Nevada District Court on September 23.The company recorded a ninth straight quarter of double-digit revenue growt
