FUBO - Casino roundup: DraftKings aims high with Golden Nugget deal Scientific Games rallies Macau names slump
The casino sector is on watch after strong earnings reports and DraftKings's (DKNG +1.1%) big acquisition deal for Golden Nugget Gaming Online (GNOG +49.9%). The deal will give DraftKings a deeper penetration in iGaming in states likes New Jersey and Michigan. Earlier this year, Golden Nugget Online Gaming inked a deal with Tioga Downs Race Track for New York market access. Early advancers include Rush Street Interactive (RSI +9.8%) and Esports Entertainment Group (GMBL +2.6%). The M&A vibe could also be contributing to the gains for fuboTV (FUBO +5.8%) and Skillz (SKLZ +2.6%). Scientific Games (SGMS +4.2%) is solidly higher after topping revenue, EPS and EBITDA expectations. The company says it is moving rapidly to execute on its vision with a singular focus to become a leading cross-platform global game company, accelerating efforts to de-lever and invest for sustainable growth. Meanwhile, casino stocks with Macau exposure are in retreat after tighter
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Casino roundup: DraftKings aims high with Golden Nugget deal, Scientific Games rallies, Macau names slump