Its Official! Miriam Adelson is taking control of the NBA’s Dallas Mavericks. Adelson announced today that she has entered into a binding pact to acquire a majority share of the NBA’s Dallas Mavericks. Rumors started yesterday when Las Vegas Sands, the gaming company founded by Miriam’s late husband Sheldon Adelson, announced she and her family…
Author: GuyF
DraftKings Hits New 52 Week High Following Investors Day
Shares of DraftKings jumped 4.13% today on volume that was nearly double the daily average. That means DraftKings hit a new 52 week high. DraftKings provided bullish commentary at its annual inventors day. For 2025 DraftKings expects revenue in the mid $5 billion range on adjusted EDITDA of $900 million. They also expect those figures…
PGA Suspends Korn Ferry Players For Violations
The PGA Tour has suspended 2 players that compete on its Korn Ferry tour for betting violations. The Korn Ferry tour is a developmental tour for the PGA. Here players can earn their tour cards if they do well. They can also get paid pretty well depending on how they do in the tournaments. Often…
Massachusetts Regulators Question ESPN Bet
ESPN is close to entering the sports betting market in Massachusetts, but first they must answer some questions. Massachusetts regulators want more information and specific details on how the network plans to promote gambling on its airwaves. ESPN and Penn Entertainment have joined forces and later this year the ESPN Bet platform will replace the…
Gaming Industry Drives $329B in Economic Output
The domestic casino gaming industry is a powerhouse that accounts for nearly $329 billion in economic activity, according to new research by the American Gaming Association. The American Gaming Association also said the casino gaming industry supported 1.8 million jobs. Federal, state, and local taxes were also paid in the amount of $53 billion in…
DraftKings, Sands Among Beaten Up Growth Stocks
Stocks are slumping this month with gaming equities caught up in the downdraft. Some market observers believe this could be an opportunity to buy low. This goes for some select stocks such as DraftKings and Las Vegas Sands. This is according to Citi US equity strategist Scott Chronert. DraftKings and Las Vegas Sands were two…
Fanatics Sports Betting App Off to Solid Start
Fanatics newly launched sports wagering app is off to a strong start, at least in terms of number of downloads through the first week of the 2023 NFL season. The sports apparel retailer has expanded their operations and Fanatics has now launched a sports betting app in several states. Those states include Maryland, Massachusetts, Ohio,…
ESPN’s Daily Wager Says Adios To Las Vegas
ESPN’s “Daily Wager” will be leaving Las Vegas. It will start broadcasting from the network’s Bristol, Conn. headquarters on Thursday, September 7th. This date is also the first date of the NFL season. Daily Wager airs on ESPN 2. They have been broadcasting from the Las Vegas strip for the last 3 years. Earlier in…