The Roundhill Sports Betting & iGaming ETF, which invests in a basket of gaming companies, rose over 1% last week, which was similar to the S&P 500 Index. It was an earnings-heavy week for gaming stocks, and more confessionals are lined up for this week.
The Star Entertainment Group and Grandstand Limited were among the biggest gainers last week, while Rush Street Interactive and Robinhood Markets were among the major losers.
Biggest Gainers
The Star Entertainment Group (ASX: SGR) +16.67%
With a gain of nearly 17% last week, Star Entertainment was the biggest gainer in our coverage of gaming stocks. It was the third consecutive week that SGR was the biggest gainer in our coverage, and it is now up a whopping 52% over the last month.
The recent uptrend seems driven by the company’s turnaround efforts. SGR has been taking several measures to turn around its business and address its stretched balance sheet. Earlier this year, it completed the sale of its 50% stake in the Queen’s Wharf Brisbane project to its partners, Chow Tai Fook and Far East Consortium.
Subsequently, in June, Star finalized a vital $390 million (around AUD 540 million) debt facility with WhiteHawk Capital Partners to avoid a near-term liquidity collapse.
Last month, Star resolved an ongoing tax dispute with the Australian Taxation Office (ATO), removing a key legal hurdle and potential cash drain from its balance sheet.
Moreover, being a heavily shorted, low-priced stock with a market cap below AUD 1 billion, SGR is prone to pronounced price swings. Small shifts in volume, short-covering by traders, or general sector rotation across consumer discretionary and gaming stocks can lead to double-digit percentage pops without new announcements.
Grandstand Ltd (NASDAQ: GRSD) +16.27%
Gambling.com changed its name to Grandstand Limited, and last week it began trading under the ticker symbol GRSD. While the company was formerly known by the name of its flagship site, it has since diversified, prompting it to change its name. In its release, it said, “The group now boasts a much broader portfolio of brands, building data, providing technology, and delivering content used right across sports, gaming, and entertainment.”
It was preceded by an overhaul of its senior management team in March. That said, these changes haven’t made much difference to the company’s fortunes. Not much has been going right for the company, which has been battling changes to Google’s search algorithms that have severely hurt its organic visibility. To offset the loss of this free organic traffic, the company had to rapidly scale up paid marketing channels, which has compressed its profit margins.
Despite last week’s relief rally, which wasn’t accompanied by any major market-moving development, GRSD is still down nearly 65% for the year.
Betr Entertainment (ASX: BBT) +15.15%
Betr Entertainment rose over 15% last week, which helped the stock narrow its year-to-date (YTD) losses to just about 5%. The key driver of last week’s rally was the company’s fiscal Q4 2026 update. Total quarterly turnover reached AUD 404.3 million, rising 1.2% year-over-year (YoY). Betr reported a Q4 net win of AUD 43.9 million, up 9.3% YoY, supported by strong net win margins returning to target levels.
It generated AUD 2.6 million in net operating cash flow in the quarter, which marked the company’s first cash-flow-positive quarter since 2021 and a $3.6 million YoY improvement.
Management noted that momentum carried strongly into July, with non-World Cup turnover up over 15%. The company also maintained its annual EBITDA guidance, which was quite reassuring for markets.
Playtika Holdings (NYSE: PLTK) +8.42%
Playtika Holdings rose over 8% last week and turned positive for the year. It made the list of the biggest gainers in the preceding week amid rumors that it is in talks with Chinese tech giant Tencent to sell the Israeli gaming studio SuperPlay for up to $1.5 billion. The reported purchase price is over twice what Playtika paid to acquire the company in 2024.
Moreover, the stock is looking strong on the charts after forming a golden cross last month, which means its 50-day simple moving average (SMA) crossed above its 50-day SMA. Traders see a short-term moving average rising over a long-term moving average as a bullish sign and often accumulate positions around such technical developments.
On a fundamental level, optimism seems to be building ahead of Playtika’s Q2 earnings, scheduled for this week.
Biggest Losers
Rush Street Interactive (NYSE: RSI) -14.38%
Rush Street Interactive was the biggest loser in our coverage last week and the only stock to see a double-digit dip. Last week’s losses could be attributed to the company’s Q2 earnings release. Rush Street delivered a strong top-line beat, with revenue rising 46% YoY to $393.8M, and raised full-year guidance.
However, its adjusted EPS came in at $0.15, matching Wall Street estimates. Heading into earnings, RSI had rallied sharply in 2026 and was trading at elevated multiples. Because a substantial amount of strong growth was already priced into the stock, expectations were exceptionally high.
For a high-multiple growth stock, matching earnings rather than delivering a decisive EPS beat often leads to short-term selling pressure, something we saw with RSI last week.
Meanwhile, even though the stock fell following the Q2 report, Wall Street analysts were impressed by the performance, and several brokerages raised their target prices. Looking at some of the notable changes, Susquehanna raised RSI’s target price from $30 to $36 while Needham raised it from $33 to $36.
Robinhood Markets (NYSE: HOOD) -8.80%
Robinhood stock fell nearly 9% last week following a tepid reception to its Q2 earnings. The company’s Q2 revenues rose 32% to $1.31 billion, easily surpassing the $1.25 billion expected by analysts. However, the cryptocurrency business remained a weak spot, with sales coming in at $100 million versus the $125 million expected by analysts.
Meanwhile, Robinhood’s prediction market business continues to do well. CEO Vlad Tenev tried to downplay concerns over prediction market volumes coming down following the surge during the FIFA World Cup. He said, “The great thing about prediction markets is there’s events all the time,” specifically pointing to the U.S. Midterm elections later this year.
Notably, in partnership with Susquehanna, Robinhood has launched Rothera, which is its Commodity Futures Trading Commission (CFTC)-regulated prediction market exchange and clearinghouse. During the earnings call, Robinhood noted that Rothera has become one of the top three Designated Contract Markets (DCM) shortly after its launch.
Things were no different in Coinbase’s Q2 earnings as the “crypto winter” was somewhat offset by the quarter-over-quarter doubling of its prediction market volumes.
Lottomatica Group (MIL: LTMC) -3.73%
Lottomatica released its half-year update last week. Its revenues rose 5% YoY to €1.18 million. Online was the key driver of this growth, with revenues rising 17%, more than offsetting the 2% decline in Gaming Franchise and the 1% fall in Sports Franchise. The online segment’s adjusted EBITDA rose 24%.
While revenue met targets, EPS for the quarter came in below analyst expectations. Reported earnings per share were €0.26 vs. an estimated €0.34, weighing on short-term sentiment.
Gaming Industry Developments Last Week
New York state initiated legal proceedings seeking $36 billion in damages against Kalshi over regulatory and consumer protection concerns. Simultaneously, major sports leagues (led by the NFL) submitted formal pushback against proposed CFTC rules, demanding stricter minimum age standards and tighter integrity controls on sports-event derivative trading.
The prediction market industry also suffered a setback in Wisconsin last week. Judge William Griesbach denied the CFTC an injunction in its lawsuit against the state, which would have barred the state from enforcing its laws on prediction markets.
The regulatory uncertainty notwithstanding, the prediction market industry continues to see strong growth and has captured a large share of volume from legacy sportsbooks during the FIFA World Cup.
The industry also continues to attract new players, and last week, U.K.-based broker IG announced a deal to acquire Underdog Fantasy for up to $1.3 billion. The move signals traditional trading brokers’ aggressive movement into sports-adjacent prediction products.
“The acquisition of Underdog establishes IG as a leader in US prediction markets, one of the most significant opportunities across trading and entertainment, and accelerates our growth in the world’s largest and fastest-growing retail trading market,” said IG Group CEO Breon Corcoran.
Major Gaming Earnings This Week
We have a flurry of earnings reports lined up for this week. Wynn Resorts, Red Rock Resorts, Super Group, Flutter Entertainment, Playtika Holdings, DraftKings, Penn Entertainment, and Corsair Gaming are among the companies scheduled to report their quarterly earnings this week.
Among others, markets would focus on the impact the FIFA World Cup had on casino companies. Also, investors would assess whether regional brick-and-mortar casino trends reflect steady discretionary consumer spending or softening foot traffic in gaming venues amid a tepid macro environment.
What Should Gaming Investors Watch This Week?
While earnings calls would understandably get most attention, there are several other events that investors should track.
The U.S. Senate Committee on Indian Affairs Roundtable is scheduled for Tuesday. Tribal leaders and organizations argue that prediction markets often function as unregulated sports wagering, bypassing established Tribal-state compacts and the Indian Gaming Regulatory Act.
The discussion will focus on the rapid growth of sports-related prediction markets and their regulatory implications for tribes. Notably, the event comes at a time of a regulatory turf war between the states and the CFTC over the regulation of the fast-growing prediction market industry.
The post Gaming Stocks Update: Star Entertainment Rallies While Rush Street Plummets appeared first on CasinoBeats.
The Roundhill Sports Betting & iGaming ETF, which invests in a basket of gaming companies, rose over 1% last week, which was similar to the S&P 500 Index. It was an earnings-heavy week for gaming stocks, and more confessionals are lined up for this week. The Star Entertainment Group and Grandstand Limited were among the
The post Gaming Stocks Update: Star Entertainment Rallies While Rush Street Plummets appeared first on CasinoBeats.