Shares of Roblox Corporation NYSE: RBLX soared 22.07% last week after the company released its third-quarter earnings report, which exceeded expectations and marked a pivotal moment for the company. The earnings report boosted the stock, pushing it above a multi-year consolidation and into positive territory.
Shares of Roblox Corporation NYSE: RBLX soared 22.07% last week after the company released its third-quarter earnings report, which exceeded expectations and marked a pivotal moment for the company. The earnings report boosted the stock, pushing it above a multi-year consolidation and into positive territory.
Take-Two Interactive is in talks to sell its adtech division Chartboost. The sale aligns with Take-Two's focus on premium or "AAA'' gaming assets.
BYD's third-quarter 2024 results reflect benefits from investments in the Downtown Las Vegas and Midwest & South segments.
PC and gaming peripherals maker Logitech beat analyst estimates for the September quarter and raised its full-year guidance.
Corsair Gaming's valuation is currently depressed, presenting a potential buying opportunity as the company is expected to benefit from upcoming product release cycles in 2025. Despite its cyclical earnings and lack of dividends, Corsair's low debt, market position, and growth potential make it a speculative "Buy" at $8/share. The gaming peripheral market remains strong, with Corsair's innovative products and brand loyalty driving future demand, especially with new game releases.
PALO ALTO, CA / ACCESSWIRE / October 16, 2024 / 180 Life Sciences Corp. (NASDAQ:ATNF)("180" or the "Company"), today released the following letter to stockholders from its Interim Chief Executive Officer, Blair Jordan. Dear Stockholders: We are excited to announce that 180 is planning to strategically enter into the online gaming industry, utilizing its newly acquired "back-end" gaming platform, which incorporates blockchain technology and full cryptocurrency operability (the "Gaming Technology Platform").
Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, DDI and GDEV benefit from an improving industry trend.
The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said.
LOS ANGELES, CA / ACCESSWIRE / October 10, 2024 / Greenlite Ventures, Inc. (OTC PINK:GRNL) is pleased to announce the successful completion of its acquisition of Grin Gaming (GRIN), finalizing the deal outlined in the previously signed Asset Purchase LOI. This strategic acquisition marks a significant milestone in GRNL's ongoing efforts to disrupt the sports betting industry through AI-driven innovation.
Macau casino stocks are experiencing a significant boost following Wynn Resorts' announcement of receiving the first commercial gaming operator license in the United Arab Emirates. This development marks a critical milestone for the region's tourism industry, as casino operators have long aimed to establish resorts there to attract visitors from Europe, Asia, and other markets.
Gaming and Leisure Properties (GLPI) completed a $250M land acquisition in Chicago, securing an 8% cap rate, with further investments planned in partnership with Bally's Corporation. GLPI's total investment in the Chicago project will reach $1.19B, projected to yield a blended 8.4% initial return, enhancing AFFO gradually until December 2026. The Chicago land purchase is a key milestone, supporting one of the Company's most crucial partnerships and investment projects of the upcoming years.