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
Another two retail sportsbooks are on the way for Louisiana sports betting. Louisiana Gaming Control Board Chairman Ronnie Johns signed two LA sports betting licenses Monday, effective 12:01 a.m. Wednesday. The licenses clear the way for a DraftKings Sportsbook at Golden Nugget Casino Lake Charles and a sportsbook at Penn National Gaming‘s L’Auberge Casino Resort in Lake […] Read More
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
Happy Monday, everyone. This is an important week for sports betting news as multiple big operators will report third-quarter results. As for last week’s news, the LSR Podcast is the perfect place to start for updates on New York sportsbooks, the minimum hold requirement in Tennessee and more. Make sure to follow @LSPReport on Twitter […] Read More
Louisiana sports betting is on its way with the first commercial casinos in the state receiving their licenses. Louisiana Gaming Control Board Chairman Ronnie Johns signed the LA sports betting licenses for four casinos Friday. Those casinos are: Harrah’s New Orleans (Caesars Sportsbook) Horseshoe Casino (Caesars Sportsbook) L’Auberge Casino (Penn National Gaming) Boomtown Casino (Penn […] Read More
Similar to the US market, football is the big early draw for Ontario sports betting. Since its launch Aug. 27, the province’s only sportsbook, ProLine+, has accepted 3.5 million bets, according to data from Ontario Lottery and Gaming Corp. Football drew 45% of those wagers, with NFL betting making up 34% of all the bets. […] Read More
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