Is Kambi An Acquisition Target With ‘Poison Pill’ Issue Resolved?
Kambi may be an attractive acquisition target for US sportsbooks and suppliers now it has resolved a long-standing 'poison pill' issue. Read More
Posted on: February 9, 2022 |
New Portnoy Misconduct Allegations Drop Before Penn National Earnings Report
New sexual misconduct allegations against Barstool Sportsbook founder Dave Portnoy hung over Thursday’s Penn National earnings call. Barstool Sportsbook is the chosen brand of Penn for its US sports betting rollout. Penn CEO Jay Snowden prefaced his prepared statement with comments about Portnoy. Portnoy statement from Snowden “I thought before I get into prepared remarks […] Read More
Posted on: February 3, 2022 |
Why Florida Sports Betting Push By FanDuel, DraftKings Fell Short
FanDuel and DraftKings admitted defeat on their effort to get 900,000 signatures for a Florida sports betting ballot initiative. Read More
Posted on: January 31, 2022 |
DraftKings, Barstool Turn Up Florida Sports Betting Heat, But Is it Too Late?
Barstool founder Dave Portnoy told his 6.7 million social media followers to help get a Florida sports betting question on the ballot in November. Read More
Posted on: January 14, 2022 |
Pennsylvania Sportsbooks Smash Revenue Record In November
Pennsylvania sportsbooks posted $84.9 million in November revenue, easily besting the previous record of $49.3 million set in January. Read More
Posted on: December 22, 2021 |
Analysis: Penn National Sounds Out On NY Sports Betting
Penn National CEO Jay Snowden took the unconventional approach of telling investors no one will make money from NY sports betting. That is a bit of an unusual approach for a public company that bid for entry, especially one whose investors already showed disappointment over missed earnings per share forecasts. Penn’s stock was down nearly […] Read More
Posted on: November 4, 2021 |
Analysis: Can Fanatics Become A Top-Five Sportsbook Operator?
Fanatics has assembled a well-regarded exec team for its push into sports betting, but is a large customer database enough to secure success? Read More
Posted on: October 27, 2021 |
Tennessee Sportsbooks Want Mandatory Hold Rule To End
There was one central topic on the minds of Tennessee sportsbooks at Tuesday’s hearing on proposed rule changes: mandatory hold. The Sports Wagering Advisory Committee proposed a few changes because it has to promulgate its own rules as part of the process to take over as regulator. One of those proposed changes includes reviewing the […] Read More
Posted on: October 7, 2021 |
New Investment Fund Raises $50 Million For US Sports Betting Opportunities
Bettor Capital announced its first round of capital commitments on Wednesday, raising $50 million for investments in online gambling. Read More
Posted on: October 6, 2021 |
Penn National Pays Fine To Settle Barstool Sportsbook Violations In Indiana
Penn National paid a $10,000 settlement in Indiana over a “questionable” TikTok video about gambling losses posted by Barstool Sports. Per an Indiana Gaming Commission (IGC) notice last week, Penn self-reported the video in question back in March. The Commission said the video in question breached its marketing regulations, specifically around “false and misleading advertising.” According to […] Read More
Posted on: October 4, 2021 |