Tag: MGM

  • With the 2023 NFL Season Kicking Off, Gamble on these Trade Ideas

    With the 2023 NFL Season Kicking Off, Gamble on these Trade Ideas

    With the 2023 NFL season ready to kick off, gambling stocks are being bid higher. That includes DraftKings (DKNG) – which ran from about $25 to $30.32 – and Genius Sports (GENI) – which is up slightly after catching support at around $6 a share. For one, according to DKNG CEO Jason Robins: “It’s about…

  • This is Why Casino Stocks Are Some of the Biggest Winners Today

    This is Why Casino Stocks Are Some of the Biggest Winners Today

    With China easing its lockdowns, pay close attention to casino stocks. So far, it looks like China’s COVID Zero policy appears to have brought infection numbers under control.  Better, according to Bloomberg, the country is reporting the lowest number of new cases since February. And, according to MarketWatch.com, “The gains come after China’s National Health…

  • Don’t Cash Out on Casino Stocks Just Yet

    Don’t Cash Out on Casino Stocks Just Yet

    Keep an eye on casino stocks. Some of the big ones – including Wynn (WYNN), MGM, and Las Vegas Sands (LVS) took a hit as China moves to tighten control of the industry. According to GGR Asia, “The Macau government wants to increase the share of the mass-market segment in the casino industry, and pledged…

  • It’s Time to Buy Back into Casino Stocks

    It’s Time to Buy Back into Casino Stocks

    Keep an eye on casino stocks. With pandemic fears fading, casinos are back to raking in the green.  In the first quarter of the year, U.S. commercial gaming revenue topping $11 billion in the first quarter of 2021, according to the American Gaming Association (AGA). “The revenue total marks a 4.1 percent increase over the…

  • The Top Ways to Trade the Sports Betting Boom

    The Top Ways to Trade the Sports Betting Boom

    Keep an eye on sports betting stocks. Just days ago, New York Gov. Cuomo signed 2022 budget legislation that includes plans to allow online sports betting.  “The state will select two online platform providers for the program, with bidding expected to run throughout 2021, according to ESNY, as quoted by Sports Illustrated. The state now joins…