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home / news releases / PDYPY - Casino stocks break higher as investors bet on strong tailwinds

PDYPY - Casino stocks break higher as investors bet on strong tailwinds

Paddy Power Betfair PLC ADR
Bragg Gaming Group (OTCQX:BRGGF +12.2%) is the leading gainer in the casino/sports betting/iGaming sector on news that the company is making the jump to the Nasdaq on Friday. DraftKings (DKNG +4.9%) is off and running again after attracting $60M in new funds from ARK Invest and Golden Nugget Online Gaming (GNOG +4.7%) is rallying after strong earnings. Other notable gainers in early trading include Golden Entertainment (GDEN +9.1%), Red Rock Resorts (RRR +5.6%), Flutter Entertainment (OTCPK:PDYPY +2.1%), Elys Game Technology (ELYS +3.3%), Caesars Entertainment (CZR +2.6%) and Penn National Gaming (PENN +4.7%). Analysts are pointing to several drivers of the positive vibe today, including more M&A speculation, vaccine news and the college and pro football seasons starting soon.

For further details see:

Casino stocks break higher as investors bet on strong tailwinds
Stock Information
Company Name: Paddy Power Betfair PLC ADR
Stock Symbol: PDYPY
Market: OTC
Website: flutter.com
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