About the Author

Erich Richter

Erich Richter

A New York writer and gambling expert specializing in the sports industry. Written on numerous platforms with SEO certifications and a diehard Mets, Giants and Knicks fan (it’s been tough). Interests include keeping up to date on the newest features and technologies from sportsbooks since beta testing several of the legal gaming companies upon their inception.

Latest articles

MGM Reports $535M Net Loss in Q3; Caesars Continues To Restructure

October 30, 2020 | By: Erich Richter

While Penn National reported strong Q3 earnings, MGM Resorts International did not have the same luck on Thursday. MGM reported revenue of $1.13 billion for Q3 that ended September of 2020. This missed the Zacks Consensus Estimate by 7.61%. It has been a troublesome year for the massive gambling conglomerate. MGM shares have dropped 39.6% […]

Penn National Beats on Earnings; Reports $1.13B in Q3 Revenue

October 29, 2020 | By: Erich Richter

Q3 earnings just dropped for Penn National Gaming this morning and they were strong, as anticipated. The positive results lead to Penn National reporting $1.13 billion in revenue for Quarter 3 slightly beating the consensus expected of $1.1 billion. In Q3, Zacks Consensus estimated a growth of $.48 per share, which is up from $.38 […]

What Does The Selling-Off Of Bally’s Tell Us About Gambling’s Future?

October 14, 2020 | By: Erich Richter

A relatively small brand in the marketplace, Twin River Casino has made its biggest splash to date. In an attempt to revive the Atlantic City casino market, Twin River has purchased Bally’s Casino and its naming rights in perpetuity. This purchase from Caesars Entertainment does not just signal a new era for Bally’s. It signals […]

How DraftKings Might Look to Spend its $2 Billion in Cash on Hand

October 6, 2020 | By: Erich Richter

Several high ranking DraftKings executives sold shares of the company when it hit peak levels in June. Fourteen million of these shares came from the company and 19 million shares came from selling shareholders including CEO Jason Robins. At the time, DraftKings was over $40 a share before dropping considerably upon news of the sell-off. […]

Are The Chiefs Going To Run Away With Back-To-Back Super Bowl Titles?

October 2, 2020 | By: Erich Richter

Heading into the 2020-2021 NFL season, the Chiefs were one of the favorites to win the Super Bowl. SuperBowl oddsmakers continue to find strength in the Kansas City Chiefs performance heading into NFL week 4. But, could they be on track to win back to back Super Bowl titles? Heading into week 4, DraftKings places […]

William Hill Shares Zoomed 43% Amid Potential Buyout Talks

September 28, 2020 | By: Erich Richter

On Friday, William Hill (OTCMKTS: WIMHY) saw massive movement on the stock market as rumors began to swirl about a potential buyout. Caesars Entertainment (NSDQ: CZR) and Apollo Global Management INC. (NYSE: APO) each submitted takeover bids to purchase the British gambling company. Now the potential for a bidding war has ensued with shareholders taking […]

ESPN Doubles Down as Optimism Continues to Grow Within the Gambling Industry

September 18, 2020 | By: Erich Richter

On Monday, ESPN struck a deal with DraftKings (NASDAQ: DKNG) and Caesars Entertainment (NASDAQ: CZR) sending DraftKings up 17.27% gains and Caesars Entertainment up 8% by midday.  The gains are not just limited to DraftKings and Caesars, however. MGM Resorts International (NASDAQ: MGM) has seen a 20% growth in the last 3 months and Penn […]

Penn National Shoots For the Moon With Barstool Sportsbook Launch

September 16, 2020 | By: Erich Richter

The long-awaited, Barstool Sportsbook will take its first bets in Pennsylvania this week drawing plenty of buzz across the industry. Their sportsbook will officially soft launch on Friday, Sept. 18, garnering excitement from investors and players alike.  Earlier in the week, fans were able to download the app but that is where the product stopped. […]

Back To Top

Get connected with us on Social Media