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    DraftKings downgraded by JPMorgan, UBS and Stifel as prediction market losses weigh

    DraftKings downgraded by JPMorgan, UBS and Stifel as prediction market losses weigh

    DraftKings has received stock downgrades from JPMorgan, UBS, and Stifel following its third-quarter earnings report and a lowered 2026 financial outlook. Analysts cited concerns over the near-term returns of the operator's expanding prediction markets vertical, which contributed to a 21.3% drop in share price to a new 52-week low.

    Summary based on reporting by Yogonet, which retains all rights to its text and images.

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    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat Leisure Limited reported a 13% increase in normalized earnings per share before amortization (EPSA) in constant currency for the 2025/2026 financial year ended September 30, 2026. The Australian gaming company generated normalized net profit after tax and amortization (NPATA) of A$1.58 billion. During the period, Aristocrat returned approximately A$1.9 billion ($1.29 billion) to shareholders through dividends and share buybacks.

    Highfield Investment to launch two new Spire Casinos at racetracks in Calgary and Edmonton

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