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 […]
US Online Sports Betting Sets Records In August 2020
The unprecedented rescheduling of major US sports leagues in 2020 saw the NBA and NHL playoffs, as well as the first full month of MLB regular season play, happening concurrently in August. After months of hiatus, August marked the first full month of “normalcy” for US sports leagues. Sports betting revenue figures across the US […]
Legal US Online Casinos Break Records in August 2020
The resumption of business for land-based casinos appears to have no negative effect on mobile casinos in New Jersey and Pennsylvania. Both states realized record-setting monthly revenue figures in August 2020, as the popularity of legal online gambling continues to gain. Annual revenue crossed the half-billion mark for the year in New Jersey, while Pennsylvania’s […]
How Barstool Sportsbook Dominated App Store Rankings In Its First Week
Sports betting exploded after the Supreme Court legalized it in 2018. Newly unencumbered by federal law, states subsequently created multi-million dollar sports betting industries within months. Accordingly, sportsbook apps became fixtures near the top of the Apple App Store’s charts. Some of them even rose to the very top of the rankings. In late S/sports-bettingeptember, […]
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. […]
With The US Market Soaring, Sportsbook Brands Signal Boost With National Media, Sports Team Partnerships
Sports betting in the US is on a rapid growth trajectory. New sportsbooks are popping up by the day while markets that previously shunned gambling are embracing the possibilities of online and digital betting. This has sparked a huge wave of partnerships and deals with major sports betting operators. Media companies and storied sports franchises […]
Has The Final Chapter Been Written In The Mike Postle Poker Saga?
The biggest poker scandal of the last few years has reached something like a conclusion, albeit not a very satisfying one. Roughly two-thirds of the plaintiffs seeking justice for alleged cheating by Mike Postle have agreed to a settlement. What the remaining plaintiffs have planned remains uncertain. Postle himself has been in the clear, legally […]
California High Court Clears Way For Station Casinos Location
A long legal fight is over, and it means that Las Vegas mainstay Station Casinos could finally be coming to California. The California Supreme Court recently ruled in favor of the North Fork Rancheria of Mono Indians, who have been trying to open a casino on “off-reservation” land for years. The ruling ends nearly a […]
