Gaming Stocks Lose Momentum Amid Economic Concerns

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Gaming stocks momentum slowed last week as economic fears returned. The Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) fell 1.9% after weak U.S. job data showed only 22,000 new jobs in August. Since this figure was far below expectations, investors grew cautious and pulled back from riskier assets, including casino and iGaming stocks.

Strong Performers in Gaming

Super Group Ltd. (NYSE: SGHC): +5.9%
Super Group surged 5.9% last week, making it the top performer. Trading volumes jumped to more than twice the average, reflecting stronger investor interest. Furthermore, the company’s European online casino business climbed 28% in Q2, lifting both revenue and adjusted EBITDA. Analysts responded with upward revisions to price targets. As a result, SGHC has doubled its value in 2025.

Huya Inc. (NYSE: HUYA): +5.3%
Huya added 5.3% and built momentum for a second straight week. Its new partnership to launch Goose Goose Duck in China continues to drive interest. Thanks to these gains, Huya has erased its earlier 2025 losses and is now up 16% for the year. However, because of its low market cap, it remains prone to sharp swings.

Genius Sports (NYSE: GENI): +5.3%
Genius Sports gained 5.3%, extending its strong 56% rally in 2025. The company announced fresh collaborations, including renewed ties with the NFL and European leagues. Moreover, partnerships with major brands through PMG have created optimism ahead of its December investor day.

Major Underperformers

Skillz (NYSE: SKLZ): −15.8%
Skillz tumbled 15.8% after ending its deal with Tether Studios. In response, the company launched a lawsuit, claiming the termination was invalid. The legal battle introduces fresh uncertainty, which weighed heavily on investor sentiment.

Bally’s Corporation (NYSE: BALY): −7.6%
Bally’s slipped 7.6% as its Bronx casino hopes faded. The NYC Council rejected land use for the project, weakening growth prospects. Combined with weak Q2 performance, the stock has now lost nearly 50% this year.

MGM Resorts (NYSE: MGM): −7.4%
MGM dropped 7.4% as Las Vegas traffic remained underwhelming and pricing pressure grew. Even though its digital revenue doubled in Q2, the division still posted losses. The company, however, signaled confidence that profitability will come in the next few years.

Wider Industry News

Meanwhile, Sweden’s gambling revenue improved 1.9% in Q2, and Macau casinos recorded $2.76 billion in August—their best month since 2020. At the same time, Caesars Sportsbook secured a partial legal win in Illinois. In Canada, courts ruled that GotSkill? terminals qualify as gambling, aligning with tighter rules

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