NJ's $2.4B iGaming Boom: One Stock to Watch

The iGaming market is rewriting the rules, with New Jersey hitting $2.4B in revenue last year. One company stands out, delivering $2.13 for every $1 spent and expanding into lucrative markets.

'Moana 2' sails to a record $221 million opening as Hollywood celebrates a moviegoing feast

JAKE COYLE
December 01, 2024

NEW YORK (AP) -- Christmas came early at the box office this year.

"Moana 2" brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with "Wicked" and "Gladiator II," made for an unprecedented weekend in cinemas and a confluence of blockbusters more like what's often found in late December.

Expectations were high for Walt Disney Co.'s "Moana 2," but the film blew predictions out of the water. Its five-day opening set a new record for Thanksgiving moviegoing. The previous best was $125 million for "Frozen 2" in its second week of release in 2019. "Moana 2" added $165.3 million internationally.

At the same time, the sensation of "Wicked" showed no signs of slowing down. The Universal Pictures musical brought in $117.5 million over the five-day weekend, pushing its two-week global total to $359.2 million. Not accounting for inflation, "Wicked" is now the highest grossing Broadway adaptation over "Grease." (That 1978 film grossed $190 million, but factoring in inflation would put it past $900 million.)

"Gladiator II," meanwhile, also held well, dipping 44% from its opening weekend. Ridley Scott's sequel to his Oscar-winning best picture original collected $44 million in its second weekend. While its steep price tag of $250 million will make profitability challenging, "Gladiator II" has swiftly gathered $320 million worldwide.

Those three films drove the overall box office to more than $400 million in Thanksgiving weekend ticket sales, a record. For an industry that has been battered in recent years by the pandemic, work stoppages and the upheaval caused by streaming, it was a triumphant weekend that showed the still-potent power of Hollywood's blockbuster machine. Before "Wicked," "Moana 2" and "Gladiator II" arrived in theaters, ticket sales were running about 25% behind pre-pandemic levels.

Michael O'Leary, president and chief executive of the National Association of Theatre Owners, said the weekend showed what's possible when "all the pieces of the puzzle come together" in compelling big-budget movies with marketing muscle.

"We're very optimistic that this weekend is the start of what we believe is a full-on charge into the future," he said. "The remaining quarter of this year looks very promising and then on into 2025 and 2026. We're hoping next year is the first kind of normal year this industry has had in a long time."

Like the last time such anticipated movies collided on the release calendar -- as in 2023's much-ballyhooed "Barbenheimer" -- the movie industry again could see evidence of a rising moviegoing tide lifting all blockbusters. In recent years, studios have typically tried to space out most of their biggest releases. Earlier this fall, "Venom: The Last Dance," for example, was the No. 1 film for three straight weeks, despite not being particularly successful.

"For a long, long time in Hollywood, there's been a belief that you don't put big blockbuster movies up against each other," said O'Leary. "But the truth of the matter is that competition is good. It's good for the movies. It's good for the studios. It's good for the theater owners. But it's particularly good for the moviegoing public."

Continue Reading...

Popular

Billionaire Stanley Druckenmiller: Selling This AI Stock Was a 'Big Mistake'

Hedge fund manager Stanley Druckenmiller regrets the decision to sell his fund's stake in Nvidia.

SpaceX launches colossal Starship rocket and catches it for 2nd time with robotic arms

For the second time, used giant mechanical arms to catch its Starship rocket back at the pad minutes after liftoff Thursday.

Unlocking a Polymetallic Discovery Like No Other - Ad

With drill results rivaling the best in the world and a fully funded 2025 program, this polymetallic stock is poised for major growth. Industry icons Robert Friedland and Rob McEwen are already in. Will you be next?

Perdue Farms to shut down Tennessee plant

MONTEREY, Tenn. (AP) — Perdue Farms plans to close a processing plant in Tennessee that employs more than 430 people.

iGaming's Next Big Stock Winner - Ad

The $210B iGaming market is growing fast, with NJ leading the way. This stock, with 60% revenue growth and a 20% retention rate, is perfectly positioned for explosive gains.

Southern Power Grids Face Historic Winter Test As Snow Blankets Gulf Coast: 5 Utilities To Watch

Unprecedented winter storm strikes southern US, blanketing the region in snow and causing widespread power outages and transportation disruptions.

Auto-followed Trump on Facebook? It's probably because you previously liked the POTUS account

SAN FRANCISCO (AP) — Some Facebook and Instagram users were surprised to find themselves automatically following the accounts of President Donald Trump or Vice President JD Vance this week after the president was inaugurated — but that's likely because they had previously followed official U.S. government accounts.

Rural Texas Town Ramps Up Global Currency War - Ad

A small town has joined a radical $1.9 trillion attack on the global banking system... backed up by Elon Musk and the White House.

FACT FOCUS: A look at false and misleading claims Trump made during his inaugural address

In his first address after being on Monday, President Donald Trump repeated several false and misleading statements that he made during his campaign. They included claims about immigration, the economy, electric vehicles and the Panama Canal. Here’s a look at the facts.

Elon Musk Says 'DOGE To Mars' But Memecoin Fails To Get A Liftoff Amid Department Of Government Efficiency Lawsuits

Tech mogul Elon Musk expressed optimism about his Department of Government Efficiency at Donald Trump's presidential inauguration, even as lawsuits against the agency caused popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) to plummet.

Consistent Profits Every Day - Ad

LitePips EA delivers steady profits with no risky strategies like Grid, Arbitrage, Scalping or Hedge. Enjoy stable trading with fixed Stop Loss and Take Profit, over 62% WinRate, DrawDown below 32% and 100%+ annual returns. Not forget about tools like spread filters, slippage protection, and equity safeguards, it's the perfect choice for XAUUSD H1 traders.

US lawsuit accuses Pepsi company of price discrimination that favored Walmart over smaller stores

The Federal Trade Commission sued on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers.

Progressives are frustrated by Biden's final-days warning of billionaire influence

NEW YORK (AP) — The Democratic Party's left wing has warned for decades that America is moving toward in which a handful of billionaires controls much of the nation's wealth and political power.

NJ iGaming Hits $2.4b--What's Next? - Ad

New Jersey's $2.4B iGaming milestone highlights an exploding market. One company, focused on VIP players, delivers $2.13 revenue per $1 spent, 20% retention rates, and 60% growth. With a tight share float and LatAm expansion, this stock is a rare gem.

Hutchinson Maintains Buy Rating On Bath & Body Works, Sees Continued Growth

Bank of America analyst Lorraine Hutchinson reiterated a Buy rating on Bath & Body Works and maintained its $45 price target.

Europe posts record year for clean energy use as Trump pulls US toward fossil fuels

A record 47% of the European Union’s electricity now comes from solar and other renewables, a report Thursday said, in yet another sign of the growing gap between the bloc's push for clean energy and the new U.S. administration's pursuit of more fossil fuels.

January 28th: Gold SHOCK? - Ad

On January 28th, an event is taking place that could completely shock the market. Stocks could go ballistic... Businesses could get blindsided... The gold market could get rocked... And one man, millionaire trader Jeff Clark is pounding the table on one single stock before this event.

Himax To Gain Big As TSMC, Nvidia and AMD Advance Silicon Photonics and COUPE Tech: Analyst

Kuo predicts Himax as potential supplier for Taiwan Semiconductor's Compact Universal Photonic Engine development, with revenue reaching $2.4B in 2028.

The Czech Republic ends its energy dependence on Russian oil imports

PRAGUE (AP) — The Czech Republic has boosted its energy security by completing a project to finish the country’s dependence on oil delivery from Russia, the government said on Tuesday.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Head of US cybersecurity agency says she hopes it keeps up election work under Trump

NEW YORK (AP) — Jen Easterly, the outgoing head of the U.S. government’s Cybersecurity and Infrastructure Security Agency, said Wednesday she hopes her agency is allowed to continue its under new leadership despite “contentiousness” around that part of its mission.

Top 3 Industrials Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Retire from ONE Stock?! [Ticker Symbol Revealed] - Ad

Jeff Clark has used one stock -- just one -- to show his readers gains of 85% in 14 days, 176% in 5 weeks, 41% in two weeks, 120% in 3 months, 138% in 8 days, 186% in 8 days, 222% in 8 days, and many more... With gains like that, is it really possible to retire from this ONE stock alone?

Amazon's Zoox Plans To Launch Robotaxi Service This Year

Zoox, a robotaxi company owned by Amazon, plans to launch robotaxi service in Las Vegas in 2025. 

The No. 1 Stock for Trump's Second Term? - Ad

Legendary investor Louis Navellier's stock rating system gave a buy rating to ALL of the top 30 performing stocks in the S&P 500 index of Trump's first term... ALL of them! His system is now rating these stocks as a "BUY" for Trump's second term.

Prince Harry's lawsuit against The Sun is part of a long saga of alleged tabloid misbehavior

LONDON (AP) — trial against the publisher of The Sun, which opens Tuesday, follows over the cutthroat practices of the British press in the days when newspapers sold millions of copies and shaped the popular conversation.

Dogecoin To A Dollar? ETF Filing Just Increased The Chance By 7 Percentage Points, Kalshi Traders Speculate

Dogecoin's (CRYPTO: DOGE) recent surge in whale activity, coupled with the filing of a DOGE Exchange-Traded Fund (ETF), has bolstered market sentiment, sending its odds on prediction markets higher.

Trump's Quiet $1.9 Trillion Move Against the Fed - Ad

A small army of Americans, with Trump's support, has launched a $1.9 trillion move against the Fed. What comes next could have dramatic consequences.

Tesla Model 3 Loses To Xiaomi SU7 In China's December Sales Showdown

Chinese smartphone maker Xiaomi's first EV- the SU7- outsold American EV giant Tesla Inc's Model 3 sedan in China in December.

Dating Coach Shares Why She Walked Away From a Deal With Mark Cuban

The CEO of online dating coaching company Dating by Blaine has detailed why she declined an offer from billionaire Mark Cuban after initially accepting the deal on "Shark Tank."

"One Stock Gold Blueprint" REVEALED - Ad

Gold soared to historic highs in 2024. But if you think you missed out, think again. Because millionaire trader Jeff Clark recently revealed his strategy to profit from gold -- no matter what the market is doing. It all comes down to focusing on one stock -- just one -- to profit from ANY movement in gold.

How Trump's political and business interests will intersect in the White House

As he assumes the presidency for a second time, brings with him a broad expanse of business relationships and financial entanglements — and the possibility that those associations could in the White House.

GM Recalls Nearly 3,000 Chevrolet Equinox EVs Over Adaptive Cruise Control Glitch

GM is recalling 2,890 model year 2025 Chevrolet Equinox EV vehicles in the U.S. over concerns regarding its adaptive cruise control feature.

The Stock Driving iGaming's Success - Ad

iGaming is thriving, with NJ hitting $2.4B in revenue. One company leads the pack with 20% retention rates, 60% growth, and expansion into new markets. Tight insider ownership make this stock a standout.

Trump's first day actions loom large as Davos begins

DAVOS, Switzerland (AP) — As the World Economic Forum’s annual gabfest gets into full swing Tuesday, gave everybody something to talk about with his actions on his first day back in office.

The VIP Strategy Behind iGaming's Best Stock - Ad

NJ's record $2.4B iGaming revenue proves the market is booming. One company targeting high-value players boasts $2.13 ROI, double retention rates, and entry into a $12B Latin American market. With growth catalysts ahead, this stock is one to watch.

Apple Eyes Barclays And Synchrony To Replace Goldman Sachs As Credit Card Partner: Report

Apple is exploring partnerships with Barclays and Synchrony to replace Goldman Sachs as its credit card partner as Goldman scales back its consumer finance ambitions.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service