The Roundhill Sports Betting & iGaming ETF saw an increase of over 1% last week, mirroring the performance of the S&P 500 Index. This week promises to be significant as more earnings reports are expected from gaming stocks after a busy earnings period last week.
Among the major gainers were Star Entertainment Group and Grandstand Limited, while Rush Street Interactive and Robinhood Markets experienced substantial losses.
Star Entertainment Group (ASX: SGR) was the standout performer, climbing 16.67%. This marked the third consecutive week it led the gains, with a remarkable increase of 52% over the past month. The company's upward trajectory is attributed to efforts aimed at turning around its business and managing a strained balance sheet. Earlier this year, Star completed the sale of its 50% stake in the Queen’s Wharf Brisbane project to Chow Tai Fook and Far East Consortium. In June, it secured a crucial $390 million debt facility with WhiteHawk Capital Partners, a move that helped avert a liquidity crisis. Furthermore, the resolution of a tax dispute with the Australian Taxation Office lifted a significant burden from its finances. The stock's low price and market cap below AUD 1 billion also make it susceptible to sharp price movements driven by changes in trading volume or short-covering activities.
Grandstand Ltd (NASDAQ: GRSD), formerly known as Gambling.com, gained 16.27% after a name change and began trading under the new ticker. The company, now focusing on a wider array of brands and services, has struggled with visibility due to Google’s search algorithm changes, forcing it to rely more on paid marketing, thereby squeezing its profit margins. Despite last week's rally, GRSD remains down nearly 65% year-to-date.
Betr Entertainment (ASX: BBT) surged by 15.15%, narrowing its year-to-date losses to around 5%. This boost followed the release of its Q4 2026 update, showing a total quarterly turnover of AUD 404.3 million, a 1.2% increase year-over-year, and a net win of AUD 43.9 million, up 9.3% YoY. Notably, it reported AUD 2.6 million in net operating cash flow, its first cash-flow-positive quarter since 2021.
Playtika Holdings (NYSE: PLTK) rose 8.42%, buoyed by speculation regarding discussions with Tencent for the sale of the gaming studio SuperPlay for up to $1.5 billion. The reported price is over double the acquisition cost from 2024. The stock showed bullish indicators after forming a golden cross on technical charts, signaling potential upward momentum ahead of its upcoming Q2 earnings report.
On the losing side, Rush Street Interactive (NYSE: RSI) dropped 14.38%, making it the only stock in the segment to see a double-digit decline. Despite a strong revenue increase of 46% YoY to $393.8 million and raised full-year guidance, its adjusted EPS of $0.15 fell in line with expectations. The stock faced short-term pressure as its valuation had spiked ahead of earnings, leading to some sell-off after matching rather than exceeding expectations. Analysts remained positive, with target prices raised by several firms after the earnings report.
Robinhood Markets (NYSE: HOOD) faced an 8.80% decline last week following a lukewarm response to its Q2 earnings results. While Q2 revenues increased 32% to $1.31 billion, they still fell short in its cryptocurrency sector, reporting $100 million instead of the expected $125 million. CEO Vlad Tenev maintained confidence in the company’s performance in the prediction market arena, which he noted would be bolstered by various upcoming events, including the U.S. Midterm elections.
Lottomatica Group (MIL: LTMC) saw a slight decline of 3.73%. Although it reported a 5% YoY revenue increase to €1.18 million, with online revenues driving growth, the earnings per share fell short of analyst expectations at €0.26, compared to an estimated €0.34.
In broader industry developments, New York state initiated a lawsuit against Kalshi, seeking $36 billion in damages related to regulatory concerns, while major sports leagues, led by the NFL, pushed back against proposed CFTC regulations. A judge in Wisconsin denied the CFTC an injunction in its case against the state concerning prediction markets.
Looking ahead, numerous companies, including Wynn Resorts and DraftKings, are set to report their earnings this week. The market will closely watch the impact of the FIFA World Cup on casino performance and assess consumer spending trends in gaming venues.
Investors should also track other key events, such as the U.S. Senate Committee on Indian Affairs Roundtable focusing on prediction markets, as tribal leaders express concerns over regulation in the fast-evolving market.
