News

DraftKings (NASDAQ:DKNG) stock is mired in a slump. But that’s not preventing some analysts from sticking with or starting new bullish outlooks on the name. A DraftKings sign in Boston. Guggenheim analyst Curry Baker sees big upside for the stock. (Image: Boston Globe) Guggenheim analyst Curry Baker initiated coverage of the sportsbook operator today with …

Japanese policymakers are rumored to be holding internal talks about expanding the country’s regulated sports betting offerings to include the popular baseball and soccer leagues — a move that, if made, could result in a sports wagering market worth an estimated $65 billion. Scenes from Japan’s Nippon Professional League. The country is rumored to be …

DraftKings (NASDAQ:DKNG) continues moving further into the media landscape, announcing today it reached a content distribution agreement with Meadowlark Media. Meadowlark Media is the owner of Dan Le Batard’s network of shows. Podcast host Dan LeBatard pictured during a show above. DraftKings is partnering with him to reach more bettors. (Image: Sporting News) Financial terms …

Entain Plc (OTC:GMVHY) is making another run at Tabcorp’s betting and media businesses, raising its acquisition bid to $2.7 billion from $2.28 billion. A Ladbrokes betting shop in the UK. Owner Entain increased its takeover bid for Tabcorp. (Image: The Guardian) Both companies confirm the revised proposal. The new offer from UK-based Entain arrives about …

The sports betting and daily fantasy operator DraftKings has launched a channel on the satellite television provider SLING TV streaming service. The move comes nearly two months after DraftKings announced its agreement with DISH Network, SLING TV President Michael Schwimmer said the recently launched DraftKings network is a way for the streaming TV provider to …

Penn National Gaming (NASDAQ:PENN) is finding unique ways to capitalize on its stake in Barstool Sports. It is now entering the hot non-fungible token (NFT) space with an image of the media company’s founder, David Portnoy. Barstool Sports founder David Portnoy pictured at an event above. He’s selling an NFT to drum up interest in …

Sinclair Broadcast Group is looking to strike more deals akin to the one media company reached last year with casino operator Bally’s Corp. (NYSE:BALY). The moves come as it’s scrambling to rework the debt load at its regional sports network (RSN) business. Sinclair Broadcast Group headquarters in Maryland pictured above. The company is said to …

Flutter Entertainment (OTC:PDYPY) has announced the departure of FanDuel CEO Matt King. It’s news that could impact the timing of the Irish gaming company’s plan to list part of the online sports betting giant on a US exchange. FanDuel CEO Matt King pictured at a FanDuel event above. He’s leaving the company and that could …

A bill to allow mobile sports betting in Louisiana has cleared the state House of Representatives and now heads to the Senate for consideration. Senate President Page Cortez (R) already has said he supports mobile wagering on live sporting events. From left, Sen. Page Cortez, Rep. John Stefanski, and Rep. Clay Schexnayder confer at the …

DraftKings (NASDAQ:DKNG) stock is extending what’s now a precipitous decline, as at least three analysts today trimmed price forecasts on the sportsbook operator. The opening of the DraftKings sportsbook at Del Lago Casino in New York. The stock is sliding today as three analysts reduce price targets. (Image: Auburnpub.com) In early trading Monday, shares of …