Flutter Entertainment (NYSE: FLUT) CEO Peter Jackson has cautioned U.S. states on increasing online sports betting taxes, warning that excessive rates could drive bettors to unregulated offshore markets. In a recent Financial Times interview, Jackson proposed an ideal tax rate…
Brazilian soccer star Lucas Paqueta now faces additional charges in the English Football Association’s (FA) ongoing probe into alleged spot-fixing. The West Ham midfielder was initially charged in May with purposefully aiming to “receive a card from the referee to…
Currently, Hard Rock International holds exclusive rights to regulated sports betting in Florida. However, Chairman Jim Allen recently suggested the tribal gaming giant may consider future partnerships with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel. Speaking with CNBC’s Contessa Brewer…
Penn Entertainment (NASDAQ: PENN) announced a revised outlook today, signaling a smaller-than-expected loss for its interactive division, which includes ESPN Bet, for the third quarter. In a Form 8-K filing with the Securities and Exchange Commission (SEC), Penn indicated that…
The betting scene for UFC 307 in Salt Lake City, Utah, centers on Alex Pereira as he defends his light heavyweight title against Khalil Rountree Jr., with Pereira emerging as the clear betting favorite. The Pereira-Rountree Jr. matchup has captured…
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…