GNOG - Investors bid up sports betting and iGaming stocks again
The sports betting/iGaming sector and related technology stocks are seeing some buying action again after some recent selling pressure. Analysts think M&A intrigue is still hanging in the sector following the huge Penn-Score Group and DraftKings-Golden Nugget deals, while the approaching college and pro football season is expected to bring even more attention to the sector. On the iGaming side, Gambling.com Group (GAMB +2.4%) attracted a wave of bull ratings after the quiet period on the stock ended. Notable gainers on the day include Elys Game Technology (ELYS +6.8%), Gan Ltd (GAN +3.8%), Golden Nugget Online Gaming (GNOG +3.5%), DraftKings (DKNG +3.1%), International Game Technology (IGT +3.1%), Scientific Games (SGMS +2.4%), MGM Resorts (MGM +2.2%), Penn National Gaming (PENN +1.9%) and Skillz (SKLZ +2.3%). The Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) is up 1.92% on a day the S&P 500 Index is down slightly. Sector watch: Sports betting is now legal in
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Investors bid up sports betting and iGaming stocks again