Shares of Penn Entertainment (NASDAQ: PENN) fell today following a rating downgrade by Bank of America. In a recent note, analyst Shaun Kelley revised Penn’s rating to “neutral” and set a price target of $22, implying limited upside potential from…
In an unexpected move, Louisiana is now considering a substantial tax increase on sports betting through new legislation proposed for 2024. Earlier this week, Representative Roger Wilder III (R-Livingston Parish) introduced House Bill 22 (HB 22), which seeks to raise…
For decades, gaming stocks were primarily dominated by casino operators and a few suppliers. However, recent years have ushered in a new era, with real estate and online sports betting emerging as major players in the gaming equity landscape. In…
Missouri voters on Tuesday night narrowly approved an amendment to legalize sports betting, but turned down a proposal to create a new casino license for the Lake of the Ozarks area. By 5 a.m., with only one county yet to…
Last week, Athletics executive Sandy Dean announced that team owner John Fisher and his family are set to invest $1 billion toward the $1.5 billion Las Vegas stadium project on the Strip. Despite the claim, no funds have actually been…
Churchill Downs, Inc., has quietly unveiled The Rose Gaming Resort, located about 30 miles south of Washington, D.C. This new Virginia-based resort features 1,650 slot-style gaming machines, a 102-room hotel, two full-service restaurants, and a food court with six dining…
Sports broadcasting leader ESPN and Penn Entertainment’s ESPN Bet announced on Friday a new integration allowing customers to link their accounts on both platforms, aiming to provide a richer and more engaging betting experience. By connecting their ESPN Bet accounts…
Sports bettors in Illinois now face limited betting options after the NFL requested the removal of certain types of bets from the state’s sportsbooks. Last week, Illinois Gaming Board Administrator Marcus Fruchter announced that the board had temporarily approved the…
This NBA season, BetRivers Sportsbook is adding a fresh twist to same-game parlays (SGP) with the launch of PropPacks, announced today by parent company Rush Street Interactive. PropPacks is an interactive feature available to BetRivers users who place a minimum…
Churchill Downs (NASDAQ: CHDN) has announced plans to invest up to $50 million in developing a new historical racing machine (HRM) facility in Calvert City, Kentucky. The company projects expenditures between $40 million and $50 million for the establishment, which…
A sports bettor from Las Vegas claims that William Hill, a sportsbook owned by Caesars Entertainment, denied him nearly $40,000 in winnings after he placed a successful bet on outsider Joel Moscatel Nachshon during the first round of the 2023…
Ellis Island Casino Hotel & Brewery is shedding its reputation as a dive bar and stepping into a more upscale era. The first official renderings, released on Monday, showcase a dramatic $35 million renovation that brings a modern and luxurious…