News from the world of sports betting

Sportradar Could See DraftKings-Like Resurgence, Says Fund Manager


On the back of a strong first-quarter earnings report, Sportradar (NASDAQ: SRAD) surged on Wednesday. Prior to that, shares of the sports betting data provider did a lot of nothing for an extended period of time. One professional money manager believes the stock’s best days are ahead. Sportradar participating in a gaming expo. A professional

Dragon Slaying Brigade ‘Terrorist’ Gambled Away Cash Meant for Bombs


The ringleader of a hardcore faction of Hong Kong pro-democracy protestors gambled away HK$300K (US$38K) that he was supposed to spend on bombs and weapons. A gas mask-wearing anti-government protestor flings a tear gas canister back at the police during demonstrations in 2019. The Dragon Slaying Brigade was the “most violent” of protest groups, according

PGA Championship First Major to Score Sports Betting Partnership Via ESPN Bet


The PGA Championship is the first of golf’s four majors to announce a sports betting partnership with a sportsbook operator. The Wanamaker Trophy at Valhalla Golf Club in Louisville. ESPN Bet will serve as the “Official Sports Betting Sponsor” of the PGA Championship through at least 2026. (Image: The PGA of America and Penn

Negatively Affected Vegas Businesses Float Petition to Stop F1 Race


A new petition calls on the Clark County Commission to deny a special use permit to F1, which is scheduled to stage its second Las Vegas Grand Prix on the Las Vegas Strip from November 21-23. Las Vegas small business owners who claim $30M in revenue losses are attempting to stop the goliath F1

ESPN Bet Sportsbook Debuts at Greektown Casino in Detroit


The first retail sportsbook bearing the ESPN Bet name opened Wednesday at Penn Entertainment’s Hollywood Casino at Greektown in downtown Detroit. Hollywood Casino at Greektown in Detroit. The first ESPN Bet sportsbook opened there on April 24. (Image: Penn Entertainment) Penn has been using the ESPN brand on its mobile sports wagering platform since last

Disney Tech Exec LaBerge Joining Penn Entertainment as CTO


After a more than two-decade run holding high-level technology jobs at Walt Disney (NYSE: DIS), Aaron LaBerge is joining Penn Entertainment (NASDAQ: PENN) as chief technology officer (CTO). The ESPN Bet logo. Operator Penn Entertainment hired former Disney executive Aaron LaBerge as chief technology officer (CTO). (Image: ESPN Bet) The regional casino operator made the

ESPN Bet an Albatross on Penn Entertainment Stock, Says Analyst


The ESPN Bet mobile sports wagering application, which went live last November, is likely to post a larger-than-expected first-quarter loss, thus acting as an overhang on shares of parent Penn Entertainment (NASDAQ: PENN). The exterior of Hollywood Casino Columbus in Ohio. An analyst says ESPN Bet is weighing on Penn Entertainment stock. (Image: USA Today)

Flutter Selling $1.05B in Debt with BBB- Rating


Flutter Entertainment (NYSE: FLUT), the parent company of FanDuel, said Tueaday it’s selling $1.05 in senior secured notes maturing in 2029. The Flutter logo as seen in an investor deck. The company announced a $1.05 billion debt sale on Tuesday. (Image: Flutter Entertainment) The proceeds of the debt sale, which includes dollar- and euro-denominated bonds,