DraftKings (NASDAQ: DKNG) recently announced that a new surcharge on winning sports bets in four states could bring in as much as $270 million in additional gross gaming revenue. Last week, the gaming company revealed plans to impose a small…
When rumors of consolidation surface, executives typically refrain from commenting. This was the case with Penn CEO Jay Snowden when asked by JPMorgan analyst Joseph Greff during an earnings call. Snowden, however, added that rumors aren’t always accurate. Speculation about…
A significant portion of DraftKings (NASDAQ: DKNG) shareholders are expressing dissatisfaction with the gaming company’s recent decision to impose a surcharge on winning sports bets in Illinois, New York, Pennsylvania, and Vermont. According to a recent Jefferies Equity Research report,…
Bet365 has been mandated to pay more than half a million dollars in back winnings to bettors in New Jersey. The New Jersey Division of Gaming Enforcement (DGE) revealed that an April 2022 audit of bet365’s sports betting operations found…
The past year has been challenging for gaming equities, particularly those that went public through reverse mergers with special purpose acquisition companies (SPACs). However, Codere Online Luxembourg (NASDAQ: CDRO) has emerged as a notable exception. The Spanish sportsbook operator, which…
The study indicates that while the decline in credit scores in these states has been modest, the average drop is 0.3% after a state legalizes sports betting. As of now, 38 states and Washington, DC permit sports wagering. Researchers from…
An insider information scandal involving the NHL has led to the abrupt removal of veteran Canadian NHL analyst Jeff Marek from the airwaves, The Athletic reports. Jeff Marek, a well-known figure among Canadian hockey fans, has been notably absent from…
Tickets for UFC 306, the first sporting event at the Las Vegas Sphere, went on sale Monday but haven’t sold out yet, and it’s clear why. As of Wednesday morning, the cheapest tickets for the September 14 event, officially called…
Bert Neff, an Indiana youth baseball coach, has been sentenced to eight months in prison for his involvement in an insider betting scandal that led to the dismissal of University of Alabama baseball coach Brad Bohannon. In March, Neff pleaded…
UFC CEO Dana White has announced the full lineup for UFC 306, set for September 14, marking the first live sporting event at the Las Vegas Sphere. Bantamweight champion Sean O’Malley will defend his title against No. 1 contender Merab…