DraftKings Earnings Call: Southern State Push Ahead, eSports Will be ‘Huge Category’
A lack of major sports didn’t hurt DraftKings during the second quarter. Gamers simply found new things to bet on, said DraftKings CEO Jason Robbins. Speaking during Friday’s second quarter earnings call, Robbins pointed to the company’s sports betting launch in Colorado and Illinois, as well as iGaming in West Virginia as key drivers. But […]
Washington D.C.’s Sports Betting Launch Leaves Much to be Desired
Sports are not only back, August feels like March should have. The NBA bubble is going swimmingly well, both on the court (the presentation is top-notch) and off – the last round of testing providing zero positive COVID-19 tests. Baseball is … well, baseball is determined to fight through, playoff hockey is back in a […]
The Era of the Cardboard Sports Fan is Upon Us
If you’ve watched a sporting event recently, you’ve seen that leagues have gone to great lengths to grab your attention. From piping in crowd music at baseball parks to live look-ins from the living rooms of diehard fans at NBA games, broadcasters and ballpark employees have gotten creative to entertain the masses. Major League Baseball […]
BetMGM Becomes Focal Point for Company’s Recovery
It’s been a good month for MGM International. After a second quarter that saw the company’s revenue drop 91 percent, MGM is in recovery mode thanks to a recent series of deals. The latest came Aug. 11, when technology giant InterActive Corp purchased 12 percent of MGM’s stock in a $1 billion sale. Before that, […]
Gaming Stocks Climb as Macau Lifts Some Restrictions on Visitors
For the first time since January, tourists from mainland China will be able to visit Macau starting later this week. The news, announced in a Monday press conference, sent some U.S. gaming stocks soaring to their highest levels in more than a month. Companies and traders reacted to what they saw as possibly the first […]
Catawba Tribe Moves Forward on $300 Million North Carolina Casino Project
If all goes according to plan, a new $300 million casino will open its doors in North Carolina next summer. The Catawba Nation broke ground on the property last month, located in the southern part of the state near Kings Mountain. If the doors open as planned in 2021, gamers won’t see the finished product. […]
US’ Online Sportsbook Revenue Reports for June Contain Mostly Good News
Most major domestic sports leagues remained shut down throughout June, but legal online sportsbooks in the US still found a way to thrive. Driven by sports like table tennis, international soccer, and golf, many states with legal online sports betting realized month-over-month revenue gains. New Jersey’s online sportsbooks took in more than $12.7 million in […]
US Online Casino and Poker States Report Mixed Revenue Numbers for June
Legal online casino platforms saw continued traction from US players in June. New Jersey monthly revenue nearly matched the record-setting numbers reported from the Garden State in May, as the state’s retail casinos stayed closed for the entire month. Online casino platforms in Pennsylvania and Delaware continued to enjoy success as well, even with land-based […]
PGA Tour Inks Sports Betting Partnership With DraftKings
Golf’s unique nature allowed it to resume months before other professional sports. Now, the PGA Tour is catching up with the rest of the field by striking an exclusive sports betting partnership with DraftKings Inc. The deal is an extension of the current multi-year content and marketing relationship, and designates DraftKings Inc. as the “official […]
From Rush Street to Wall Street: Online Gaming Giant Going Public
The sports betting industry continues to grab Wall Street’s attention. Rush Street Interactive LP announced on Monday it’s going public via a merger with dMy Technology Group, Inc., a move that will value the new company at about $1.8 billion. Both companies’ boards have approved the transaction and it is expected to close later this […]
