ESPN Bet Showing Progress, Says Analyst
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…
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Read MoreESPN Bet Showing Progress, Says Analyst
Buffalo Mayor Byron Brown Leaves for OTB CEO Role
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…
AGLC VP: Play Alberta Gears Up for iGaming Future
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…
UNLV Rejects Circa’s $100K Offer to Keep QB Matthew Sluka
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…
Flutter Plans $5B Buyback, Raises FanDuel Growth Outlook
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…
Fanatics May Sell Discounted Equity To Employees
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…
NY Regulators Criticize DraftKings’ Scrapped Surcharge Plan
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…
FDU Study: Young Men at Risk for Online Betting Issues
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…
Nationals’ CJ Abrams Demoted AFter Chicago Casino Visit
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…
Study Finds States Lacking in Sports Betting Regulation
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…