BETZ News and Press, Roundhill Sports Betting & iGaming From 08/23/21

Recent weakness in online gambling stocks is the result of investors reassessing the pitfalls of the market entry strategies employed by majority of online betting companies in the US. Online betting companies targeting the US opportunity are spending unsustainably on marketing, leadi...

Gaming stocks had a huge week after rush of M&A, strong earnings reports and partnership announcements sent investors scrambling. DraftKings' (NASDAQ:DKNG) $1.56B acquisition of Golden Nugget Online Gaming (NASDAQ:GNOG) was the marquee event, while a mix of strong reads on gaming revenue ...

Capital expenditure expectations appear to have recovered from pre-pandemic levels in most major regions and are trending upwards according to analyst estimates. For the U.S. index, the 12-month forward capital expenditures estimate is currently $885.6 billion, up 13.8% year-over-year...

Despite shortened seasons, canceled tournaments, and low sports programming viewership in 2020, online sports betting thrived in the U.S. Sports betting in various formats is legal in 21 states and Washington DC, but online betting has accounted for most of the incremental growth. ...

In 2021, energy is where the money is going. Money is flowing out of Momentum stocks this year, and much of it is going into Value names. Commodities are having a strong showing compared to last year. For further details see: If You Want To Know Where The Market Action I...

simonkr/E+ via Getty Images Marc Lasry, co-founder and chief executive officer of Avenue Capital Group, as well as the co-owner of the Milwaukee Bucks NBA team, said Tuesday that he thinks the legalization of sports gambling will continue, with more states passing legislation to allow the act...

alphaspirit/iStock via Getty Images Legalized single-game sports betting in Canada is one step closer after the Senate passed bill C-218. The bill already passed the House of Commons earlier this year and just needs Royal Assent from the Governor General. Single-game sports betting could laun...

GlobalFoundries announced a $4 billion investment in conjunction with Singapore government officials to greatly expand capacity at its existing chip fabrication plant (fab) in Singapore. The investment will enable the company to increase its overall output by 33%, growing its 300 mm w...

Hirurg/iStock via Getty Images Eilers & Krejcik Gaming is out with a detailed report on sports betting. The firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports ...

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...