The Philippine online gambling industry has recently taken a hit. As Senator Zhang Qiaowei proposed a bill to strengthen regulation, market confidence was undermined, and several gambling concept stocks plummeted. The gaming giant DigiPlus (PLUS) saw its stock price plummet by 40% during the session
Recently, PointsBet recounted the voting results of the shareholders' meeting, and after including the votes from Betr, Mixi's acquisition proposal for PointsBet did not pass.The initial voting results showed that, excluding Betr's votes, the support rate was 95.69% and the opposition rate was 4.31%
iGaming content provider Hacksaw Gaming announced that it will launch its initial public offering (IPO) on the Nasdaq Stockholm Exchange in Sweden on June 25, 2025, planning to publicly issue 15% of the company's shares, valued at approximately 3.48 billion Swedish Krona (about 350 million USD).Acco
Philippine-listed casino operator Bloomberry Resorts has recently sparked a market sensation with the launch of its digital gaming platform MegaFUNalo, causing its stock price to surge over 23% in the past week. Data shows that the company was the most actively traded on the Philippine Stock Exchang
U.S. President Donald Trump recently announced a new round of tariffs on global imports, leading to the most severe stock market downturn since the COVID-19 pandemic in 2020, with casino operators' stocks being hit hard.Casino Operators' Stock Prices PlummetFollowing the announcement of the new tari
Bally’s Posts Mixed Q4, Cancels Earnings Call as Shares PlummetBally’s Corporation suddenly canceled its earnings call shortly after its stock’s value plummeted. The company’s Q4 report wasn’t very reassuring either, as EBITDA remained unimpressive across all segments, suggesting a troubled period f
Wall Street stock analysts weren’t displeased with Light & Wonder’s fourth-quarter numbers. Neither did they alter ratings or raise price targets.Deutsche Bank’s Carlo Santarelli stayed with a Hold rating and $89 per share price target, well below the $101.63 per share at which Light & Wonde
Wynn Resorts CEO Craig Billings, touting a record-setting 2024 and strength in 2025 in Las Vegas, said the gaming operator will continue to buy back its stock, because the value won’t be recognized until after the $5.1 billion Al-Marjan Island casino resort in the United Arab Emirates debuts in 2027
The subsidiary Better Collective has released its preliminary financial results for the fiscal year 2024, showing a revenue of 371 million euros ($384.4 million), a 12.6% increase from the performance in 2023. This revenue figure has reached the organization's annual target of 355 million eu
Penn Entertainment to Consider HG Vora’s Board NominationsThe provider of integrated entertainment, sports content, and casino gaming experiences across five segments, Penn Entertainment (PENN), has found itself involved in a proxy fight with its shareholder, HG Vora Capital Management.The latter is
Super Group’s Shares Soar After Optimistic Preliminary 2024 ReportOnline gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures.Q4 Was a Strong Pe
Toronto-based Bragg Gaming Group Inc. announced this morning they will have a booth at the upcoming ICE Barcelona show Jan. 20-22, showing off solutions like Bragg PAM, Fuze player engagement toolset, Bragg HUB and casino content.That news is in line with what the industry was told two days ago that
The AGEM Index increased by 126.17 points to 1,644.36 in November 2024, an 8.3 percent increase from the prior month. Compared to one year ago, the Index rose 51.0 percent, or 555.36 points. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, which resulted i
Third-quarter numbers for manufacturer Everi Holdings came in below Wall Street expectations. But due to the pending acquisition by Apollo Management, the results “should have a minimal impact on the shares,” wrote Jefferies Equity Research analyst David Katz in a December 2 investor note. The Apoll
Flutter Entertainment has reached its highest closing price since its common stock began trading on the New York Stock Exchange (NYSE) earlier this year. At the end of last year, there were reports that Flutter would delist from the Euronext Dublin in Ireland, which was confirmed in January this yea
Shares in Wynn Resorts soared by more than 8.6% on Thursday after billionaire Tilman Fertitta increased his stake in the casino operator to 9.9%, making him the largest shareholder in the company. Fertitta, who now holds 10.9 million shares of Wynn Resorts, surpassed Elaine Wynn as the company’s top
