The 2024 football season was seen as a key test for Penn Entertainment’s (NASDAQ: PENN) ESPN Bet, and as the NFL moves into its fifth week, the online sports betting platform seems to be making strides. In a recent report…
Buffalo Mayor Byron Brown (D) is stepping down from City Hall to take on a more lucrative position as president and CEO of Western Regional Off-Track Betting Corp. (Western OTB). After leading New York’s second-largest city for nearly two decades,…
One of the most significant iGaming developments in Canada is Alberta’s upcoming open, competitive, and regulated market, set to launch in early 2025. However, a senior executive from an Ontario-based iGaming operator suggested the rollout could happen as early as…
The University of Nevada-Las Vegas (UNLV) turned down a $100,000 offer from Circa Resort & Casino aimed at retaining quarterback Matthew Sluka. On Wednesday, Sluka announced he would sit out the remainder of the 2024 season, redshirt, and enter the…
Flutter Entertainment (NYSE: FLUT) announced new medium-term guidance through 2027 on Wednesday, projecting stronger-than-expected growth in North America, led by its dominant FanDuel division. The company also revealed plans to repurchase up to $5 billion of its shares over the…
Fanatics is reportedly contemplating offering equity to its employees at a $25 billion valuation, a significant discount from the $31 billion the company was valued at during its December 2022 funding round. According to sources cited by Bloomberg, the sports…
DraftKings quickly abandoned a controversial plan to apply surcharges on winning sports bets in select high-tax states, a move that spared the company from facing backlash from New York regulators. New York, which has the highest sports betting tax rate…
A new report from Fairleigh Dickinson University (FDU) reveals that the rapid expansion of online gambling, particularly sports betting, has intensified problematic behavior in certain groups, especially young men. According to the New Jersey university’s study, men aged 18 to…
Washington Nationals shortstop CJ Abrams was sent down to the minor leagues after reportedly violating curfew by spending the night at Bally’s Casino in Chicago last week. The 23-year-old All-Star was at the Illinois casino from Thursday night until 8…
The National Council on Problem Gambling (NCPG) has raised concerns about the lack of adequate consumer protection in states regulating online sports betting. Researchers evaluated how well these jurisdictions align with the NCPG’s Internet Responsible Gambling Standards (IRGS), which outline…