DraftKings (NASDAQ:DKNG) stock is higher by 16.40% over the past week — a surge fueled largely by the company lifting its 2022 revenue outlook while cutting its full-year earnings before interest, taxes, depreciation and amortization (EBITDA) estimate.
Perhaps to the delight of some investors, the gaming firm also dramatically curbed marketing spending in the April through June period.
It’s almost time for college students to head to campus for the start of the school year. In Ohio, responsible gambling advocates are using the occasion to raise awareness of just how prevalent problem gambling behaviors are among young adults.
Online casino and slot operators in Ireland are receiving licenses that allow them to offer their platforms legally. Now, lawmakers want answers.
A Louisville-based gaming technology company will provide the Michigan Lottery with games for its iLottery platform.
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.
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.
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.
International Game Technology (NYSE:IGT) is expanding its library of digital games in a big way with the $174 million, all-cash acquisition of iSoftBet, a provider of iGaming content.
Gaming-related companies across Southeast Asia are under attack. Hackers, reportedly out of China, are targeting operations in the region, and where successful, can gain access to entire gaming networks.