Experts in Sports and Gambling
Sports betting in Wyoming now has a clear path to legalization after the state Senate handily passed a bill establishing parameters for wagers in the state. On Monday, the Senate passed House Bill 133 by a 24-5 vote with one abstention after only minor revisions to the legislation. The bill […]
Cricket and sports betting came up multiple times during Walt Disney’s earnings call on Thursday. It was a knuckleball for Disney analysts who normally focus on theme parks and movies. They failed to predict the impact of Disney’s newest revenue streams. Disney’s parks can’t operate at full capacity, due to […]
Bally’s Corporation’s purchase of daily fantasy provider Monkey Knife Fight positions the company to capitalize on sports betting as more states across the country legalize wagering. The company announced the purchase of the third-largest DFS operator in the US on Tuesday for $90 million in stock. The deal is expected […]
In the wake of the pandemic, more states are pushing through online sports betting bills. Connecticut, which had a number of bills fail in previous sessions, may finally have a winner. Even gambling-averse Texas recently filed an online sports betting bill. A number of states rushed to legalize sports betting […]
The wait is over for Michiganders as Richard Kalm, executive director of the Michigan Gaming Control Board (MGCB), said he expects the state to flip the switch for online sports betting within the next few days, and as soon as Tuesday night. Kalm noted Tuesday that final preparations in anticipation […]
Several gambling stocks saw notable increases in share price this week after New York Gov. Andrew Cuomo said he’s OK with legalizing online sports betting in his state to help make up a budget shortfall. Cuomo has long been an opponent of allowing online sports betting, but New York is […]
In an about-face brought on by a projected $15 billion revenue shortfall, New York Gov. Andrew Cuomo is making swift legalization of online sports gambling in the state a centerpiece of his administration. Cuomo, formerly an opponent of online sports gambling in New York, hinted that the key to regaining […]
In the midst of budget shortfalls and pandemic-fueled rollbacks in services, Massachusetts lawmakers decided to eliminate sports gambling from an economic development bill sent to the governor’s desk on Wednesday. The question remains, will sports gambling legislation have a resurgence and become legal there at any point in 2021? The […]
Bally’s Corporation this week picked up where it left off late last year as a young company attempting to grow quickly. Only this time, instead of increasing its digital and media footprint, Bally’s is going the brick-and-mortar route. Monday, Bally’s announced plans to build a mini-casino in Pennsylvania just as […]
With tech giants like Amazon emerging as players in NFL broadcasting, ESPN is staking its reputation on streaming this weekend with its first-ever NFL “MegaCast.” The idea is to broadcast the Ravens vs. Titans wild-card game at 1:O5 p.m. ET across six Disney-owned networks with different viewer experiences on each. […]
Betting giant Entain, the Isle of Man-headquartered parent company of Ladbrokes, rejected an £8.1 billion ($11b) buyout offer from US partner MGM Resorts Monday, sparking a rally in its stock as MGM shares took a dip. Entain officials said the offer from MGM, owner of several high-end resorts and casinos […]
MGM Resorts International, the parent company of BetMGM, is looking to start the new year big as it’s reportedly on the cusp of acquiring Entain, the parent of one of the biggest and oldest sportsbooks in the world, London-based Ladbrokes. With the backing of billionaire Barry Diller’s IAC Group, Entain, […]
The online gambling world took away a lot of lessons last year. Big mergers happened in 2020 and will continue to happen this year as corporations keep pushing for monolithic hegemony. In the US, states will continue to regulate and open for business to become the next New Jersey, Pennsylvania, […]
They won’t be the only state to open for online sports gambling in January, but Virginia will undoubtedly do so with a unique set of regulations. Legalized in July, the Virginia Lottery has granted preliminary approval for up to a dozen online sportsbooks, including five of the usual suspects.DraftKings, FanDuel, […]
Last week, Disney officials announced several initiatives that will pivot the media behemoth toward a future focused on online sports gambling. At its Investor Day last Thursday, Disney executives highlighted ESPN’s multi-year partnership with Caesars Entertainment signed in September. The deal includes link integrations from ESPN’s digital platforms to William […]
Connecticut hasn’t legalized sports betting yet, despite several attempts by lawmakers. Even so, DraftKings and Foxwoods Resort Casino announced a deal on Monday that positions the two gaming powerhouses to take advantage if the state finally allows regulated sportsbooks to begin operating in 2021. The multi-channel deal between DraftKings and […]
DraftKings doesn’t currently operate in Nevada, but that didn’t stop them from signing a new, multi-year agreement to help fund the Center for Gaming Innovation at the University of Nevada, Las Vegas. No Mobile Registration, No Problem While the Nevada Gaming Control Board doesn’t yet allow mobile sportsbook registration, the […]
Like New Jersey, Illinois, and Indiana, Colorado has reported record increases in online gambling this fall as a bevy of sportsbook operators custom-tweak apps and websites to gain credibility among bettors. Online Wagering in Colorado Takes Hold in the Fall Sports betting went live in Colorado on May 1, after […]
DraftKings stock continued to climb back toward its peak on Thursday, rising to nearly $50 a share after analysts said a likely boom in sports betting will greatly increase the profitability of the Boston-based company. The stock rose to nearly $65 a share in early October, but dropped to about […]
The state of Illinois took its first sports bet in the week March Madness was canceled. In the months that followed, betting action was negligible. But over the last 90 days, as sports returned, the Prairie State emerged as the Midwest capital of online sports betting. The Illinois Gaming Board […]
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