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PlayNY.com hosted a live media discussion to dive into the New York online sports betting scene. The difficult political backdrop in New York between the Senate, Assembly and Governor is noted, especially with the tax revenue generated from sports betting only a "rounding error" in a large bu...
Will it be March Madness or March Sadness for the sports world over the next few weeks?The ACC basketball tournament continues to be disrupted by COVID-19 issues with the Virginia vs. Georgia Tech semifinal canceled due to a positive case on Cavaliers basketball team. Duke was exited from the...
A bipartisan bill on legalizing sports wagering has been introduced in the Florida House. "Right now, Floridians are sending millions of dollars out of the state every year, mostly overseas to foreign countries, because Florida has failed to bring legal sports wagering to our state. We have a...
DraftKings (DKNG) trades higher with legislation to approve single-game sports betting in Canada heating up after Bill C-218 passed the House of Commons by a margin of 303 to 15. Analyst Jed Kelly: "We believe DraftKings, operating Daily Fantasy in Canada for nearly a decade with a large...
Online sportsbooks and casinos generated $115M in sports bets during just ten days of action in January.Combined with the state's retail handle, Michigan's sportsbooks are off to the best start of any state that offers both online and retail sportsbooks, per PlayMichigan analysts.Also of note...
Morgan Stanley says sports betting tallies were even stronger than anticipated for the Super Bowl. New Jersey betting volume was up 115% Y/Y to $117M, with a strong hold rate of 9.6%. Pennsylvania betting volume increased 74% to $54M, with an even strong hold rate of 17.5%.Illinois betting vo...
One of the top-performing property sectors last year, Casino REITs delivered surprisingly steady performance in 2020 despite the temporary closure and dramatically reduced usage of casino facilities throughout the pandemic. Unlike hotel REITs, casino REITs typically own propertie...
It's Super Bowl Sunday - and one of the biggest in-person events of the year is taking place for the first time in a widespread global coronavirus pandemic.That translates to a largely empty stadium and official discouragement of Super Bowl parties that could turn into COVID-19 superspreader ...
Despite a first-mover advantage in Illinois, BetRivers has quickly ceded its market share lead to DraftKings. The share erosion echoes what occurred in Pennsylvania - another key market for RSI. Sports betting optimism has led RSI to double its $10 merger price. Execution and shar...
Genius Sports Group is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting, and media. Genius Sports collects data from sports events, processes it, and sells it to major gambling companies to run their sportsbooks. Genius S...
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Even though DraftKings (DKNG) is a top player in the sports gambling space, it seems to be significantly overvalued now. So, we think it’s wise to bet on Boyd Gaming (BYD) and William Hill (WIMHY) instead because their financials and growth prospects justify their valuations. Read on. ...
Caesars Entertainment Announces Completion of William Hill PLC Acquisition PR Newswire LAS VEGAS and RENO, Nev. , April 22, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars" or "the Company") today announced that it has completed ...