The UK Gambling Commission (UKGC) is constantly introducing new rules and regulations for the country’s gambling industry, including some that appear overbearing. In its latest initiative, which the regulator presented yesterday, it asserts that consumers can’t be trusted to determine how to spend their money.
In new, sweeping coverage of gaming equities, JMP Securities analyst Jordan Bender highlights downtrodden DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) as two of the stocks offering investors significant upside potential.
The Consumer Discretionary Select Sector Index is off 25% year-to-date, and gaming stocks are among the drags on that benchmark. But at least one research firm sees shares of casino operators as the best bets in the consumer cyclical space.
Chris Rock is the newest member of the Mohegan Sun Walk of Fame.
Argentina’s online gambling segment continues to take shape. Several regions of the country have begun introducing the activity, and the province of Cordoba is ready to join them.
The American Gaming Association (AGA) recently released its annual “State of the States” report.
BetMGM hopes to give the World Series of Poker (WSOP) a run for its money this summer. The leading iGaming and online sportsbook operator this week announced the debut of its annual BetMGM Poker Championship, which will take place June 23-26 at ARIA Resort & Casino in Las Vegas.
A recent match-fixing scandal involving Argentina’s El Porvenir soccer team may be larger than anyone realized. New details are emerging that have prosecutors scrambling for answers.
Well, that didn’t take long. Just one month after the launch of Ontario’s regulated online casino and sports betting market, two operators have been hit with financial penalties for breaching the province’s strict new laws around advertising sign-up promotions.
They’ve made movies about the Kentucky Derby before. You’ve probably heard about Secretariat, and maybe you’ve heard about 50-to-1, the story of Mine That Bird’s surprise win. At some point, a studio will greenlight the story that unfurled Saturday at Churchill Downs with Rich Strike scoring the second-biggest upset ever.