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.
BYD benefits from increased visitation and robust performance across its Las Vegas and Midwest & South segments.
Nvidia's strong financial results are driven by growing demand for data center equipment, with supply expected to remain tight. Gaming segment shows robust demand despite market weaknesses, outperforming competitor AMD, prompting an upward revision of revenue forecasts for 2025 and 2026. Increased EBITDA forecasts for Data Center, Gaming, and Automotive Solutions segments lead to a revised target price of $161 and a buy rating.
CRSR is set to boost its product range and expand market reach with the acquisition of the Fanatec Sim Racing brand, located in Germany.
Morgan Stanley's upgrade of Boyd Gaming to overweight with a 23% upside and a $74 PT is well-timed, driven by strong online revenue gains. BYD's strategic 2020 deal with FLUT for FanDuel access has proven highly beneficial, enhancing its market position and financial stability. Despite some softness in the Las Vegas locals market due to new competition, BYD's overall regional performance and online growth remain robust.
DETROIT, MI / ACCESSWIRE / September 13, 2024 / Atlantis Gaming Corporation ("AGC" /"Atlantis")(OTC PINK:ATIG) In a landmark moment that could signal the beginning of a new era for Atlantis Gaming Corporation (AGC), the company has achieved its first-ever profit. This milestone follows AGC's strategic acquisition of Lahser 6 Apartments in Detroit Michigan, marking a leap forward in the company's trajectory.
Core content licensing revenue growth of 28% £5.8m Adjusted EBITDA1 (46% growth excluding brand licensing) and a 51% increase in profit before tax to £3.5m LONDON, UNITED KINGDOM / ACCESSWIRE / September 11, 2024 / Gaming Realms plc (AIM:GMR), the developer and licensor of mobile focused gaming content, is pleased to announce its interim results for the six months to 30 June 2024 (the "Period" or "H1'24"). Financial highlights: H1'24 H1'23 Change?
The boom in sports betting in the US was a key theme for Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF), which landed a slew of deals with American operators. A creator of mobile content for the industry, the group inked agreements with Fanatics and FanDuel and landed an iGaming licence in West Virginia.