It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: Gambling Industries
Mega Millions jackpot surges to $1.1 billion: What time is tonight’s drawing?
The Mega Millions jackpot keeps growing. There’s a $1.1 billion top prize at stake on Tuesday night, following the news that no one won Friday’s drawing. While that doesn’t come Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
FTC sues to block Microsoft’s $69 billion acquisition of game giant Activision Blizzard
The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more
Wynn Macau shares fall after reporting third-quarter loss
Shares of Hong Kong-listed casino company Wynn Macau 1128, -2.26% fell in early Asian trade Thursday after the company reported a third-quarter loss and as COVID-19 cases continue to rise Read more
Flutter Entertainment lifts 2022 guidance for U.S. market
Flutter Entertainment PLC said Wednesday that it was upgrading its 2022 guidance for U.S. revenue after strong growth in the country and that group revenue for the third-quarter rose 22%. Read more
Sports-betting measures Prop. 26, Prop. 27 on their way to losing big in California
Voters in California appeared to have soundly rejected dueling sports-betting initiatives, which together raised more than $400 million, on Tuesday. Proposition 26, put forth by many of the state’s Native Read more
Powerball drawing delayed — but players are rolling in jokes
No one won Powerball yet, but some folks are still having a ball. While lottery players waited with bated breath to see if anyone claimed the record $1.9 billion Powerball Read more
FanDuel now valued at $22 billion for purposes of Fox option, arbitrator rules
Flutter Entertainment on Monday said an arbitrator has determined that the value of U.S. sports betting company FanDuel as of Dec. 2020 was $20 billion. That establishes the current value Read more
DraftKings stock heads for worst day on record as patience with losses ‘remains thin’
Shares of DraftKings Inc. were headed for their worst daily performance on record Friday after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of Read more