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BetMGM says it has landed a second round of investment from MGM Resorts (NYSE: MGM ) and GVC Holdings ( OTCPK:GMVHF ) to brings the total amount to $450M. More news on: GVC Holdings PLC, MGM Resorts International, Consumer stocks news, Read more ...
Casino stocks move higher after the rate of growth in Europe of coronavirus cases moves off its peak levels. The general sentiment is that social distancing efforts are now showing up in the slower case rate growth on the continent. More news on: Golden Entertainment, Inc., Eldorado Resort...
William Hill ( OTCPK:WIMHY ) is up 0.33% in London today as the company faces a rough stretch of betting shops being closed and the sports world nearly shut down. Shares are down about 66% from their 52-week high. More news on: William Hill plc, Diamond Eagle Acquisition Corp., MGM Resor...
William Hill ( OTCPK:WIMHY ) and GVC Holdings ( OTCPK:GMVHF ) take another blow after the U.K. suspends all horse racing. More news on: William Hill plc, GVC Holdings PLC, Consumer stocks news Read more ...
Political and regulatory risk As I've been saying for some time now, the UK economy has suffered in recent times from political risk - the election, Brexit. These are now past, and we can assume a relaxation of such political risk in our investing, right? Well, yes, to an extent, but not e...
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Diamond Eagle Acquisition Corp ( DEAC +2.3% ) rallies to a new high after Barron's singles out the stock as a pure-play bet on sports betting. More news on: Diamond Eagle Acquisition Corp., MGM Resorts International, Eldorado Resorts, Inc., Consumer stocks news, Stocks on the move R...
British bookmaker stocks are lower after an industry regulator announced it will institute a ban on customers using credit cards when gambling. More news on: William Hill plc, William Hill plc, GVC Holdings PLC, Consumer stocks news, Stocks on the move Read more ...
Political risk is always a problem There's a rather Puritan movement in the UK at present - a desire to stop people doing what they enjoy doing. We see it in all sorts of things: sugar taxes, forced reformulations of foods, and, the issue that concerns us here, the stakes that gamblers may u...
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(Roberto Cortese/Unsplash) This week on Wall Street, investors will be anxiously awaiting the Fed Reserve’s meeting next week where the first increase in interest ra...