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DraftKings Tumbles as Q2 Loss Exceeds Estimates, Forecasts Full Year Revenue up to $540 Million

DraftKings (NASDAQ:DKNG) stock is sinking Friday after the sportsbook operator reported a wider-than-expected second-quarter loss. But the company did confirm there's pent-up demand for...

Todd Shriber August 14, 2020
casino revenue GGR AGA coronavirus

US Commercial Casino Revenue Down 79 Percent in Q2, But Industry Leaders Confident in Recovery

US commercial casino revenue dropped nearly 79 percent in the second quarter of 2020 due to COVID-19 shuttering gaming floors. But industry leaders believe...

Devin O'Connor August 14, 2020

IAC Unconventional MGM Investment Earns Rave Wall Street Reviews

IAC/InterActiveCorp's (NASDAQ:IAC) purchase of $1 billion worth, or 12 percent, of MGM Resorts International (NYSE:MGM) equity, news revealed on Monday, is eliciting praise from...

Todd Shriber August 11, 2020