About the Author
Erich Richter
Latest articles
How DraftKings Might Look to Spend its $2 Billion in Cash on Hand
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. […]
Caesars’ William Hill Takeover Could Signal a Coming Sports Betting Arms Race
Caesars Entertainment and William Hill agreed to a deal that would allow Caesars to absorb William Hill. The British sportsbook accepted Caesars’ bid on Wednesday over the private equity firm Apollo Management. Surprisingly, the expectation is that Caesars Entertainment will specifically hold on to William Hill’s US assets. The major caveat to that will be […]
William Hill Shares Zoomed 43% Amid Potential Buyout Talks
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
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
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. […]
