DraftKings Stock Steady On Improved Revenue Guidance Despite Massive Q4 Losses
DraftKings stock climbed 4% on Friday as it beat analysts revenue estimates and upgraded its 2021 revenue forecast. Read More
Posted on: February 26, 2021 |
Steady Climb Continues In Rockies For Colorado Sports Betting Market
Billed from the start as one of the great experiments in early US sports betting, Colorado hit another new high in January. Mile High bettors wagered $326.9 million, according to a Colorado Division of Gaming report released Thursday. It’s the ninth consecutive month CO sports betting operators took record handle. Gross sports betting revenue also set a […] Read More
Posted on: February 25, 2021 |
Can WynnBet Get A Boost From A Sports Podcast Studio On Property?
WynnBet is at the center of Wynn Resorts’ $3.5 million equity investment into Blue Wire, a sports podcasting company. The three-year partnership includes a rent-free studio in the Wynn lobby in Las Vegas. The studio will debut this summer with Blue Wire hiring national “sports and pop culture talent to create daily content,” according to […] Read More
Posted on: February 25, 2021 |
Another Wrinkle Emerges in Arizona Sports Betting Journey
The path to Arizona sports betting took another strange twist this week. During a Senate Appropriations Committee hearing, SB 1797 was held over That bill is a companion to HB 2772, which is still alive and legalizes AZ sports betting as part of a broader new gaming agreement with the state’s Native American tribes. The […] Read More
Posted on: February 25, 2021 |
Nevada Sports Betting Market Surges With College Football Playoff In Tally
The US sports betting industry is shaping up for another record-breaking month with Nevada reporting strong results in January. Nevada’s sportsbooks handled $646.5 million in bets last month. That’s just the fourth time the state has broken the $600 million mark, with the total just 2% off the record set in October. Sports betting revenue […] Read More
Posted on: February 25, 2021 |
Stock Price For theScore IPO Set, Share Offering Increased
Canadian media company theScore set the price Wednesday for its initial public offering (IPO) in US markets. The Toronto-based outfit officially goes up for offer Thursday on Nasdaq (SCR) at a price of $27 per share. TheScore initially planned to put up 5 million Class A shares but decided prior to the launch to increase […] Read More
Posted on: February 25, 2021 |
Vegas Golden Knights Reverse Course, Cancel Deal With Mexico-Based Tout
The Golden Knights announced they have ended their partnership with Guadalajara-based UpickTrade. That’s all we know, though. The many questions created by the deal, which saw the Las Vegas-based NHL team become the first professional US sports team to sign a partnership with a tout service, will not be answered, at least for now according […] Read More
Posted on: February 24, 2021 |
Back-To-SPAC: Former MGM CEO Launches Second Online Gambling-Focused Corp
Former MGM CEO Jim Murren is leading a second SPAC targeting the online gambling industry along with Eilers partner Chris Grove. Read More
Posted on: February 24, 2021 |
What Can NJ Sports Betting Learn From UK Ban On Reverse Withdrawals?
The UK Gambling Commission said Tuesday that all UK operators must stop offering reverse withdrawals because of the risk to problem gamblers. Read More
Posted on: February 24, 2021 |
Tennessee Lottery Gives Update On Irregular Sports Betting Activity
Sports betting in Tennessee has taken off since its Nov. 1 launch but the market’s regulators still have plenty to figure out. The Tennessee Education Lottery‘s Sports Wagering Advisory Council met Tuesday to discuss multiple topics that never came up in the nearly year and a half it took to launch TN sports betting: how […] Read More
Posted on: February 23, 2021 |