High-ranking executives at DraftKings (NASDAQ: DKNG) have continued their rapid stock sales, with co-founders Paul Liberman and Jason Robins recently offloading over $10 million worth of shares in under a week. In a Form 144 filing with the Securities and…
In newly revealed court documents, the NFL Players Association (NFLPA) alleges that DraftKings (NASDAQ: DKNG) owes it around $65 million following the closure of the sportsbook’s nonfungible tokens (NFTs) marketplace. When the NFLPA’s lawsuit against DraftKings surfaced last week, the…
Amid sluggish performance in its interactive division and solid but unspectacular results from its land-based casinos, Penn Entertainment’s (NASDAQ: PENN) corporate debt may not offer significant near-term gains. That’s the view of GimmeCredit analyst Kim Noland, who in a recent…
UFC middleweights Brendan Allen and Marvin Vettori recently engaged in an impromptu scuffle at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. The unexpected confrontation occurred shortly after the two fighters attended a Professional Fighters League (PFL) event…
Faced with sluggish profits, Betfred recently ceased its sports betting operations in Maryland and plans to end its services in Colorado and Ohio by the end of this month. The British bookmaker might be on the verge of a complete…
“I don’t care how many viewers he attracts. I don’t want him back. He was rude to the dealers, the players, and the staff.” These were the words of Nick Vertucci, co-owner of the popular poker show Hustler Casino Live…
DraftKings had a challenging Tuesday. Shortly after reversing its controversial decision to tax certain winning bets, the leading sportsbook mistakenly sent a mass email to bettors about golf wagers they never made. Earlier that evening, DraftKings announced it would no…
Intralot, the Greek gaming company that previously managed the mobile sports betting app in Washington, DC, could soon face an investigation related to its handling of the platform. This request may indicate that an investigation is already underway, though court…
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…