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Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said Monday that U.S. digital gross gaming revenue (GGR) was up 58% in the month of February. Kelley said February online sports betting (OSB) GGR came in at an annual run rate of $211 million, down...

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129%...

Individual games are important, but the most fun bets are prop bets. Prop bets are wild and crazy and some of the purest forms of gambling. If you're looking to add a kick to your bets tonight, check out Benzinga's top 10 prop bets for May 24. All odds listed are courtesy of DraftKings (...

Wynn Resorts Ltd. (NASDAQ: WYNN) and Penn National Gaming Inc. (NASAQ: PENN) reported worse-than-expected results Thursday in an illustration of the pandemic's effect on the casino sector.  With closed resorts and travel restrictions through 2020, Wynn Resorts bore the brunt of the...

BofA Securities is out with an early, positive reaction to the Barstool Sportsbook app after its opening weekend in Pennsylvania. The Penn National Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming (NASDAQ: PENN) and raised the price target from $59.75 to $85....

Shares of Penn National Gaming (NASDAQ: PENN) hit new 52-week highs Thursday ahead of the company's Sept. 18 launch of the Barstool Sportsbook in Pennsylvania.  What Happened: Optimism for Penn National Gaming and its partial ownership and partnership in Barstool Sports continues to...

Gan Limited (NASDAQ: GAN) shares have fallen about 15% over the last two days despite a rise in shares from its sector of sports betting and iGaming. The drop comes with no news out from the company and a big rise in peer stocks like DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming (NASDAQ:...

The only negative for DraftKings Inc. (NASDAQ: DKNG) is its high valuation, while the valuation of Penn National Gaming (NASDAQ: PENN) is trailing sports betting rivals, according to BofA Securities. The Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming and raised the...

Fox Bet, a joint venture between Flutter Entertainment (OTC: PDYPY) and Fox Corp (NASDAQ: FOXA), is rumored to be planning an initial public offering, according to an industry research firm.  What Happened: Research firm Eilers & Krejcik said in a newsletter that a potential Fox Bet IPO...