Sports betting

Sports Bettor Sues FanDuel, Claims Sportsbook Understated Live Data


Thursday, March 4, 2021

A sports bettor wasted little time in filing a federal lawsuit in Illinois, claiming FanDuel provides incorrect information that misleads gamblers when making in-game wagers. ...

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Massachusetts Bickers On Sports Betting, Debate Stalls Legalization


Wednesday, March 3, 2021

Massachusetts is home to one of the nation’s largest and best-known sports betting operators. But DraftKings’ sportsbook still cannot conduct business in its base jurisdiction. ...

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Foxwoods Chair Says Connecticut Gov’s Mohegan Sun Deal “Extremely Disrespectful


Wednesday, March 3, 2021

The tribe that owns Foxwoods Resort Casino says Connecticut Gov. Ned Lamont’s (D) announcement that a deal has been reached to allow Mohegan Sun to operate online gambling and sports betting was handled improperly. ...

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Connecticut to open to commercial betting after Gov. Lamont, Mohegans reach gambling expansion deal


Wednesday, March 3, 2021

After thinking they were “at the finish line” in April 2019, Connecticut Gov. Ned Lamont and the Mohegan Tribe, have reportedly finally agreed to terms for a comprehensive gambling expansion plan that could see legalized sports betting and internet gambling in the southern New England state. In a joint statement on Tuesday, Mohegan Tribal ...

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Flutter Entertainment hails ‘transformational’ year despite high merger costs


Wednesday, March 3, 2021

British and Irish iGaming behemoth Flutter Entertainment has reportedly hailed a ‘transformational’ year as its net revenues for 2020 rose by 106% on a comparable basis to top £4.3 billion ($6 billion). According to a Tuesday report from Yahoo Finance, the London-listed operator behind such online gambling domains as Betfair.com, PaddyPower.com and Adjarabet.com also ...

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WynnBET agrees new multi-year partnership deal with Detroit Pistons


Wednesday, March 3, 2021

After opening its virtual doors to bettors in Michigan in January 2021, the online gaming division of Wynn Resorts Ltd (Nasdaq: WYNN) WynnBET has partnered with the National Basketball Association’s (NBA) Detroit Pistons. Included in the multi-year deal, is the introduction of several new co-branded marketing efforts geared toward enhancing the fan experience while ...

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Fox Will Up FanDuel Stake as Flutter Forecasts Sizable US Growth


Wednesday, March 3, 2021

Rupert Murdoch’s Fox Corp. (NASDAQ:FOXA) will reportedly increase its position in Flutter Entertainment’s (OTC:PDYPY) FanDuel unit by as much as 20 percent this year. That’s as the Irish gaming company expects impressive growth for the sports wagering brand in the US. ...

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DraftKings Probes New Highs on Deal with DISH Network


Wednesday, March 3, 2021

DraftKings (NASDAQ:DKNG) stock is hitting new highs Wednesday. That’s after the company announced an agreement with DISH Network (NASDAQ:DISH) to bring daily fantasy sports (DFS) and sportsbook offerings to customers of the satellite television provider. ...

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Canadian Newspaper Group Plans Online Casino to Fund Journalism


Tuesday, March 2, 2021

A newspaper company that owns the storied Toronto Star hopes to launch an online betting brand with casino games and sports wagering.  A ...

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Connecticut Authorizes Sports Betting and iGaming at Mohegan Sun, Foxwoods


Tuesday, March 2, 2021

Connecticut is set to become the sixth state to legalize online gambling with interactive slot machines and table games. It’s also joining the legal, regulated sports betting space. ...

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Ohio Governor Mike DeWine Backs Sports Betting, Says Gaming Expansion ‘Inevitable’


Tuesday, March 2, 2021

Ohio Gov. Mike DeWine (R) says the odds are strong that the state will soon legalize and regulate sports betting. Ohio Gov. Mike ...

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ARK Invest Continues Piling into DraftKings, Skillz


Tuesday, March 2, 2021

Cathie Wood’s ARK Investment Management continues adding to positions in DraftKings (NASDAQ:DKNG) and Skillz (NYSE:SKLZ). ARK Invest CEO Cathie Wood, seen in a ...

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David Portnoy Serving as Face of New Fund That Holds Penn National Shares


Tuesday, March 2, 2021

David Portnoy, the ubiquitous founder of Barstool Sports, is the celebrity endorser of an upcoming exchange traded fund (ETF) employing social media sentiment to construct a portfolio of stocks. ...

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Ohio governor forecasts state’s ‘inevitable’ legalization of sportsbetting


Tuesday, March 2, 2021

The governor for Ohio has reportedly declared that it is only a matter of time before the American state follows the neighboring jurisdictions of Michigan, Pennsylvania, West Virginia and Indiana in legalizing some form of sportsbetting. According to a report from local television broadcaster WKYC-TV, Mike DeWine stated that it is now a question ...

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Colorado sets new sports betting record in January with over $326 million wagered via online and land-based services


Tuesday, March 2, 2021

The Colorado Division of Gaming has finally released the reports for the state’s January sports betting earnings. The industry is booming and with over $326.9 million wagered last month, the state has hit a new record high via handle. Mobile and online wagers were the main form of betting and from that massive amount ...

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DC Lottery Executive Director Steps Down Prior to Council Hearing on Sports Betting


Sunday, February 28, 2021

The DC Lottery is looking for a new executive director. DC Lottery Executive Director Beth Bresnahan, seen here with WUSA TV’s Markette Sheppard ...

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Sports Betting Bill Hits Roadblock in Georgia State House 


Saturday, February 27, 2021

A bill in the Georgia General Assembly to legalize online sports betting is stalled on the House floor in a battle over election legislation. ...

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DraftKings Tops Analyst Expectations in Fourth Quarter, Forecasts Up to $1B in ’21 Revenue


Saturday, February 27, 2021

DraftKings beat Wall Street estimates for revenue when it reported its quarterly financial results on Friday. That helped the major sports betting operator’s stock jump nearly 6.5 percent to $61.53 in trading later that day. That was despite posting losses of $266.4 million for the fourth quarter of 2020. ...

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Caesars Entertainment Incorporated boss optimistic about the future


Friday, February 26, 2021

The boss for American casino operator Caesars Entertainment Incorporated has reportedly expressed optimism regarding the coming year due to his firm’s Las Vegas Strip properties recently posting a dramatic rise in hotel bookings. According to a report from CDC Gaming Reports, Tom Reeg (pictured) serves as Chief Executive Officer for the Nevada company and ...

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DraftKings Stock Lands Pre-Earnings Endorsement from Gaming Analyst


Thursday, February 25, 2021

Ahead of its fourth-quarter earnings report scheduled for Friday morning, DraftKings (NASDAQ:DKNG) stock is following the broader market lower today. But a one-day slide isn’t preventing some on Wall Street from waxing bullish on the sportsbook operator. ...

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Wynn Investing $3.5 Million in Podcast Network Blue Wire, Studio Coming to Las Vegas Resort


Thursday, February 25, 2021

In an effort to bolster its WynnBET unit, Wynn Resorts (NASDAQ:WYNN) is investing $3.5 million in sports podcast provider Blue Wire. The deal includes plans for a podcast studio in the lobby of the famed Wynn Las Vegas integrated resort. ...

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