Gambling stocks took a huge hit in November, with some big names falling more than 25%. However, November itself was a great month for sportsbooks. Could November’s excellent hold % presage a resurgence in gambling stock prices? LAS VEGAS – Gambling stocks took a plunge in November even as the sportsbooks had their best month … Read more
Emerald Queen Casino has partnered with BetMGM to launch sportsbooks at their Fife and Tacoma locations. This will be BetMGM’s entrance into the Washington sports betting market. The partnership is still awaiting regulatory approval but is ready to launch immediately after receiving it. TACOMA, Wash. – BetMGM has just curated a partnership with Emerald Queen … Read more
At the recent IndyFest 2021, Bill Hornbuckle, CEO of MGM Resorts, publicly endorsed iGaming in Nevada. Nevada has historically been against online casinos. However, iGaming access would have saved the state from a lot of lost revenue suffered during the pandemic casino closures. LAS VEGAS – The topic of iGaming in Nevada was brought up … Read more
Sports gaming app maker Boom Entertainment has raised $15 million in Series A through Sands Capital. MGM Resorts, Golden Nugget Online, Robert Kraft, and Rush Street Interactive (RSI) are among investors with the New York-based app creator. The funds will be used to expand gaming products in the world of sports betting. NEW YORK – … Read more
MGM Resorts will only own 15 acres of the Las Vegas Strip by the end of 2021. In 2014, they owned more than 800 acres of the strip. They achieved this by spinning off an investment trust to control their land, thereby retaining access but bringing in further revenue. LAS VEGAS – MGM Resorts has … Read more
Online casino operations have not been seeing high success on the NASDAQ. This could be attributed to retail casinos reopening. Online gambling has also been proven to be far from profitable for major operations. NEW YORK – Online gambling peaked in 2020 during the pandemic, leading to many iGaming investors going all in on stocks … Read more