Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside.
New York Mets owner Steve Cohen wants to bring a casino to Citi Field, and is cozying up to some important local politicians, including Mayor Eric Adams, to drive forward that effort.
A legislative effort to bring regulated sports wagering to Kansas hit an unexpected roadblock Tuesday. That’s when a lottery-related amendment failed on two occasions.
Genius Sports (NYSE:GENI) and DraftKings (NASDAQ:DKNG) are the worst offenders in terms of equity-based compensation as a percentage of 2021 gross profits.
In-game betting is increasingly popular in the sports world. It’s taking a step backward in Portugal, though, following the introduction of a new regulation restricting where sportsbooks can publish their odds.
Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator.
Chile could become the latest country to ban sports betting advertising in sports events. A legislator with the Independent Democratic Union Party hopes his initiative will lead the way.
A federal judge is temporarily halting Maverick Gaming’s suit against the state of Washington. That action alleges the state is permitting a tribal gaming monopoly over regulated sports betting there.
Tiger Woods and Phil Mickelson have eight green jackets between the two of them, so the betting enthusiasm behind the two World Golf Hall of Fame members for next month’s Masters isn’t exactly surprising. What is surprising is that substantial wagers continue to roll in on the two, despite little chance of either teeing it up April 7-10 at August National.
A Coventry man claims that BoyleSports lost his betting slip worth £5m ($6.5m). [Image: Shutterstock.com]