Dover Downs Gaming & Entertainment: Ignore Sports Betting, Look At Massachusetts – Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE)

Dover Downs Gaming & Entertainment: Ignore Sports Betting, Look At Massachusetts – Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE)

It’s been a transformative 2018 for Dover Downs Entertainment (DDE). At the start of the year, DDE stock had lost 91% of its value over the preceding decade. Increasing competition – notably through gambling legalization in neighboring Maryland and Pennsylvania – pressured revenue. Efforts to reduce state-level taxes had failed repeatedly, leaving operating margins close […]

Now We Know The First PA Casino With Official Sports Betting Plans: Parx

Now We Know The First PA Casino With Official Sports Betting Plans: Parx

Online gambling company GAN announced on Monday morning that it would be providing the underlying sports betting platform for Pennsylvania’s Parx Casino. To date, there are no known applicants for a PA sports betting license. But the new deal appears to confirm that Parx is the first of the state’s 12 existing casinos to reveal its plans for […]

3 Sports Gambling Stocks to Bet the House On

3 Sports Gambling Stocks to Bet the House On

I’ve talked a lot about sports gambling stocks in recent weeks, and there’s no question that it is now fully in motion. Everything points to a strong boom following the monumental decision by the Supreme Court on May 14 to allow states to legalize sports gambling. There are multiple ways to profit, though they may […]

Where Penn National Plans To Start Sports Betting By Football Season

Where Penn National Plans To Start Sports Betting By Football Season

Penn National Gaming released its Q2 earnings on Thursday morning, and the numbers look good once again. Revenue and income continue to trend upward as the group prepares to explore new markets and new verticals. Sports betting was a recurring theme of the presentation. According to CEO Tim Wilmott, Penn plans to open sportsbooks in […]