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

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 […]

Caesars’ William Hill Takeover Could Signal a Coming Sports Betting Arms Race

September 30, 2020 | By: Erich Richter

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

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 […]

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