Financials
Quarterly financials
| (USD) | Dec 2022 | Q/Q |
|---|---|---|
| Revenue | 1.6B | -2% |
| Operating Income | 242.9MM | +78% |
| Operating Expenses | 1.3B | - |
| Net Income | 20.8MM | -83% |
| G&A | 263.2MM | -5% |
| Amortization | 12.5MM | -13% |
| Interest Expense | 204.1MM | +3% |
Revenue Breakdowns
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Stock news
BetMGM (MGM) is set to benefit from the live sports boom in Las Vegas. The digital arm of the casino operator MGM International is often used as a way to funnel online sports gamblers into MGM’s brick and mortar via what the company calls its “omnichannel” approach. Las Vegas is set to host part of the NCAA’s March Madness tournaments in two weeks, and gambling executives think it could make for the most lucrative month ever on the strip. But while Greenblatt is excited for this year's tournamen...
Baron Funds, an investment management company, released its “Baron Focused Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund (Institutional Shares) decreased by 4.52%, compared to a 4.72% rise for the Russell 2500 Growth Index and a 7.56% increase for the S&P 500 […]
In today’s market, investors have plenty of options when it comes to high-yield stocks. However, it is best to be selective and focus on the best high-yield dividend stocks. Sure, you could go out and buy a basket of stocks offering double-digit dividend yields, but this may not necessarily produce market-beating returns. Losses from dividend traps could outweigh payouts received from a high-yield portfolio. In contrast, a focus on quality can produce strong returns, in two ways. First of course
MOUNTAIN VIEW, Calif., February 28, 2023--M Resort Spa Casino deploys Knightscope K5 security robot. Entertainment and Gaming industries use innovation to improve workforce and visitor safety.
Even though the Super Bowl is over, sports betting stocks still have plenty of upside. Viewers were bombarded with several sports betting promotions during this year’s Super Bowl. That was expected, given that the sports betting industry has seen significant expansion in recent years, reaching $83.65 billion in 2022. With this market forecasted to grow at a compounded annual growth rate of 10.3% through 2030, stocks in the sector have room to move much higher. The legalization of sports betting
DraftKings (DKNG) stock rose more than 15% on Friday after the company reported its fourth quarter results. Wall Street has closely watched the sportsbook operator's path to profitability for years and on Friday DraftKings announced its increased focus on cost-cutting will cause the company to lose less money in 2023 than initially anticipated. All of this coming while the company continues to report record revenue amid increased gambling legalization. "Our revenue was better than our prior guid...
PENN Entertainment Inc (NASDAQ: PENN) has completed its previously announced acquisition of Barstool Sports Inc. The company had previously acquired a 36% stake in Barstool Sports in February 2020, with a path to establish full control and ownership. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million. Founded in 2003 as a free sports and gambling newspaper by Dave Portnoy, Barstool has evolved into a digital player in sports, lifestyle, and entertainment.
Penn Entertainment has secured the remaining interest in Barstool Sports for $388 million. The Wyomissing-based casino operator announced the deal's close on Friday, bringing the total cost of the Barstool acquisition to $551 million three years after it bought an initial 36% stake in the sports media company for $163 million in cash and stock. Shares in Penn Entertainment (NASDAQ: PENN) were trading down slightly at $31.94 early Friday afternoon.
WYOMISSING, Pa. & NEW YORK, February 17, 2023--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company") today completed its previously announced acquisition of Barstool Sports, Inc. ("Barstool Sports" or "Barstool") after previously acquiring a 36% stake of Barstool Sports in February 2020. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million.
Citizens Capital Markets Head of Gaming & Leisure Investment Banking Christopher Lynch joins Yahoo Finance Live to discuss U.S. sports betting following Sunday night’s Super Bowl LVII, betting trends, customer acquisitions, and the outlook for sports betting.