online gaming

On Wednesday, Cathie Wood-led Ark Invest made a significant move by purchasing shares of Roblox Corp (NYSE:RBLX) following its recent quarterly earnings report. The decision comes after Roblox’s stock took a hit post its second-quarter earnings announcement. The Roblox Trade Ark purchased a...

The wait to earn bonuses for playing and buying PlayStation games and products is over in the U.S. and Canada, with the reward program making its debut today. What Happened: Sony Group Corp.'s (NYSE: SONY) PlayStation Stars Loyalty Program launched in the U.S. and Canada. It will let...

Sports betting and online gaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter financial results Friday before the market open. Here are the key highlights and why shares are trading higher. What Happened: DraftKings reported first-quarter revenue of $417 million, up 34% year-over-...

As consolidation continues in the sports betting and online gaming space, one rumored deal has failed to materialize.  What Happened: DraftKings Inc (NASDAQ: DKNG) announced Tuesday that it will not be holding further talks with the Entain ADR (OTC: GMVHY) board of directors or making...

Zynga Inc (NASDAQ: ZNGA) recorded a record first half of the year, but the company started to see slight user decline in June and July, Zynga CEO Frank Gibeau said Friday on CNBC's "TechCheck." What Happened: Zynga reported second-quarter earnings of 11 cents per...

Draftkings Inc. (NASDAQ: DKNG) shares traded higher Monday as retail traders were able to push the stock higher. There looks to be no evident company news to explain the rise in price, but shares were trending on social media sites throughout the day such as StockTwits. DraftKings was up 1.99% at $...

Shares of internet gaming SaaS provider GAN Limited (NASDAQ: GAN) are trading higher in Wednesday's after-hours session. What Happened: GAN shared preliminary second-quarter financials. The company expects second-quarter revenue to be in a range of $34 million to $35 million....

The online gaming operator Codere Online entered into a definitive business combination agreement to go public via special purpose acquisition company DD3 Acquisition Corp II (NASDAQ: DDMX) with an estimated pro forma enterprise value of approximately $350 million. Martin Werner, co-...

Codere Online announced a SPAC deal with DD3 Acquisition Corp II (NASDAQ: DDMX) to become the first publicly traded online sports betting and gaming company in Latin America. Codere Online is valued at $350 million in the SPAC merger. Current DDMX public shareholders will own 25.1% of the...

Online and sports gambling has been a booming industry in the U.S. in 2020, generating some big returns for investors of DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming Inc.(NASDAQ: PENN). In China, regulations on gambling are much tighter than in the U.S., and China has recently begun...

IAC/InterActiveCorp (NASDAQ: IAC) reported $726.4 million in second-quarter sales Monday, a 38.8% decrease over sales of $1.19 billion in the same period last year. The company reported second-quarter GAAP EPS $1.13 versus 16 cents in the same quarter last year and adjusted EBITDA at...

Penn National Gaming, Inc (NASDAQ: PENN) reported second-quarter results that look much different than the prior quarter when all 41 of its properties were closed, Penn National Gaming CEO Jay Snowden said on CNBC. From 41 Shutdowns To 2: During Penn's second quarter, all but two of the...

The Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) is again making some additions to its lineup. What Happened: BETZ, which debuted in early June, added shares of Landcadia Holdings II, Inc. (NASDAQ: LCA) to its roster after the close of U.S. markets last Friday, marking another...

Forget marijuana stocks and cryptocurrencies, one of the latest disruptive trends investors are looking to capitalize on in 2019 is professional video gaming. Electronic sports, commonly called “esports,” brings millions of spectators around the world together both online and on-...

Last year, roughly 50 percent of all adults in the U.S. played a state lottery, a recent Gallup poll revealed. While some of these people were just feeling lucky one day and decided to drop by a Rite Aid Corporation (NYSE: RAD) to place a bet, others are regulars who spend not only...