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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 […]

How COVID-19 Regulations in Pro Sports Evolved From Professional Bull Riding

October 23, 2020 | By: Chris Gerlacher

It’s easy to take coronavirus precautions for granted. Businesses from local gas stations to multi-national organizations have implemented coronavirus prevention procedures in recent months. But when sports first returned, commenters were skeptical about how sports could avoid coronavirus outbreaks. Sports leagues have come a long way in their coronavirus prevention measures. And it all started […]

With Football Back In Full Swing, US Online Sportsbooks Surge in September

October 23, 2020 | By: Geoff Fisk

The September arrival of college and NFL football contributed to the usual boost in sports betting revenue across the US. With more online sports betting options than ever, all five of the states on this month’s revenue roundup list achieved new records for monthly combined retail and mobile betting handle. New Jersey, Pennsylvania, Indiana, Iowa, […]

Sportsbook Brands Have Partnered With US Teams in Every Pro Sport

October 8, 2020 | By: Geoff Fisk

The list of partnerships between sports betting brands and US professional sports teams gets longer every week. It’s probably not a stretch to predict that every team in the NFL, NBA, NHL, and MLB will operate with one or more sports betting partnerships at some point. The dawning of the 2020 football season yielded several […]

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. […]

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