casino stocks

The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. The first-ever casino in Japan has been approved. Here’s a look at the parties involved and what it means. What Happened: For the past several years, casino company MGM Resorts International...

On Monday, China officially lifted all travel restrictions and limitations to Macau and scrapped COVID-19 texting requirements. Macau casino operators are now hoping the end of pandemic restrictions will produce an extended period of pent-up demand among gamblers. The Numbers: On Monday, Bank of...

A leading casino and resort company has filed several trademarks related to the metaverse. Here’s the latest. What Happened: Casino company MGM Resorts International (NYSE: MGM) is one of several casino related companies that filed metaverse trademarks recently. Trademark attorney Josh Gerben...

Casino, sports betting and media company Penn National Gaming (NASDAQ: PENN) announced second quarter financial results before the market opened Thursday. The Wyomissing, Pennsylvania-based company also announced a new name to better align with its future growth, following acquisitions of theScore...

Casino operator and sports betting company MGM Resorts International (NYSE: MGM) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: MGM reported second-quarter revenue of $3.26 billion, up 43.6% year-over-year. The revenue total...

Casino and sports betting operator Penn National Gaming (NASDAQ: PENN) reported first-quarter earnings Thursday morning. Here are the key highlights for investors. What Happened: Penn National reported first-quarter revenue of $1.56 billion, up 22.7% year-over-year. The total came in ahead of...

Casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) reported fourth-quarter and full fiscal year earnings Thursday. Here are the highlights. What Happened: Fourth-quarter revenue for Penn National Gaming was $1.6 billion, beating a Street consensus estimate of $1.5 billion,...

One bettor may know the National Football League better than anyone else... or just have some great luck on their side. What Happened: A $50 bet placed with Caesars Sportsbook paid out a significant amount to one user who managed to guess the right side of 14 different NFL matchups betting on...

Professional sports have invaded Las Vegas and more could be on the way. The National Football League and National Hockey League have teams that call Vegas home. Could Major League Baseball be next? What Happened: The Oakland A’s are seeking to get a new stadium built to replace the Oakland...

Shares of Penn National Gaming Inc (NASDAQ: PENN) fell 21% on Thursday following the company's earnings miss, as well as a negative story about Barstool Sports founder Dave Portnoy. Earnings Print: Penn reported third-quarter revenue of $1.5 billion, in line with street estimates. Earnings of...

Regional casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) announced third-quarter financial results before market open Thursday. Here are the highlights from the report. What Happened: Penn National Gaming reported revenue of $1.5 billion, coming in line with Street...

Earnings season is in full swing and this week features many well-known companies reporting quarterly financial reports. Every week, Benzinga takes a look at some specific sectors that have a large number of companies that report earnings. This week’s sector is entertainment stocks...

The largest integrated resort in the Philippines will become publicly traded as part of a SPAC deal announced Friday. The SPAC Deal: Okada Manila announced a SPAC merger with 26 Capital Acquisition Corp (NASDAQ: ADER) valuing the company at an enterprise value of $2.6 billion. 26 Capital is a SPAC...

The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. For the past several years, MGM Resorts International (NYSE: MGM) has been among the companies pushing to land a highly coveted position in the Japanese casino market. The company is now one step...

Casino stocks traded down on Tuesday with concerns over how China will regulate casinos in the Macau region. The relationship between casino traffic during and after the COVID-19 pandemic and international relations are having an impact on share prices of stocks. This leads to an important topic...