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“Legalized sports betting in California faces tough odds: expert” The odds that California voters will approve either of the two legalized sports betting referendums on the ballot in November are getting longer, according to a gaming industry expert. The two competing measures — one that allows betting only on tribal lands, and another that provides…
“#Wynn Resorts looks to sell online sports betting biz at deep discount: source” Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, The Post has learned. The Las Vegas-based casino giant is quietly…
“#New Yorkers place record setting $600 million in mobile sports gambling launch” Touchdown! New Yorkers placed a record-shattering $603 million in bets during the launch of mobile sports gambling, according to initial figures released by the state Gaming Commission on Friday. The wagers on football, basketball, hockey and other sports generated $48.2 million in gross…
“#MGM, Draft Kings scrapped tie-up with Dave Portnoy for NY sports betting license” MGM Resorts, DraftKings and Fanduel had considered teaming up with Barstool Sports to apply for a New York online sports-betting license this summer — and scrapped the idea because of Dave Portnoy’s past erratic behavior, sources told The Post. Instead, the trio…
“#ESPN explores sports-betting deal worth at least $3B” Disney-owned ESPN is looking to dip its toe in the sports-betting game. The sports media giant is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to a report Friday from the Wall Street Journal, citing anonymous sources….
“#Golden Nugget shares soar 50% after $1.56B DraftKings deal” DraftKings plans to buy online betting rival Golden Nugget Online Gaming for $1.56 billion, the companies said Monday — sending Golden Nugget’s stock soaring more than 50 percent. Golden Nugget shares were trading at $18.56 shortly after market open on Monday, up an eye-watering 51.3 percent…
“#DraftKings stock falls after firm warns of black market link” Shares of sports betting powerhouse DraftKings tanked Tuesday morning as a short seller alleged the company has exposure to international black-market gambling and organized crime. DraftKings shares opened at $44.95 on Tuesday — down about 11 percent from $50.62 at market close on Monday, according…
“#DraftKings acquires VSiN to boost sports betting content” DraftKings has acquired VSiN, The Post has learned. VSiN (Vegas Sports Information Network) began in 2017 with designs on delivering trusted betting information across different platforms. After four years, DraftKings, the mobile betting company, will use it to reach sports gamblers. “This is a big jump-start for…