Category: Sports Betting & Gaming News

iBET ETF Insights: Rush Street Interactive (RSI) has officially released their Q3 revenue report and the numbers show big growth for the company. The numbers in the report show that RSI had revenue of $148 million in Q3, a 20% increase on their previous years Q3 numbers of $122.9 million. A quote from the CEO […]

iBET ETF Insights: DraftKings has just unveiled their Q3 numbers which show that revenue is way up while the company continues lower its losses. The numbers for Q3 dwarf the previous year’s $213 million with $502 million in revenue growth. DraftKings did reports net losses of $450 million for Q3 but that is a good […]

iBET ETF Insights: Penn Entertainment has just unveiled their Q3 report, and the numbers are way up, showing an annual net income increase of 43% to $123.2 million from the prior year of $86.1 million. The company reported $1.6 billion in revenue up 7.5%. Penn is crediting its increase in revenue to adjusted EBITDA results […]

iBET ETF Insights: The Houston mogul Tilman Fertitta, has just become the second largest shareholder of Wynn Resorts (WYNN) according to SEC filings which show he has built a 6.1% stake, totaling around 6.9 million shares in the company. Hospitality Headquarters Inc. and Fertitta Entertainment were two names listed in the share purchase from Fertitta. […]

iBET ETF Insights: As Macau begins to ease tourist visa restrictions for mainland visitors, shares of casino operators are on the rise. Shares of Sands China Ltd. were up 4.4% today to HK$13.70, Wynn Macau Ltd. went up 4.9% to HK$3.29, and Galaxy Entertainment Group Ltd. rose 3.0% to HK$36.25. This sudden increase comes as […]