Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm’s dearth of direct sportsbook operational experience could hinder its dealings with the Australian gaming company. Scenes from the 2015 Melbourne Cup. Lack of Australia exposure could hinder Apollo’s run …
Shares of DraftKings (NASDAQ:DKNG) are trading lower early Friday after the sportsbook operator delivered better-than-expected first quarter results while raising its 2021 revenue guidance. A bettor places a bet at a DraftKings sportsbook. The stock is slumping again despite impressive quarterly results. (Image: Associated Press) The Boston-based company said it lost 36 cents a share …
Ohio lawmakers unveiled their latest attempt at a sports betting bill on Thursday, with hope they can fast track it through the state Legislature. Ohio Senate Majority leader Kirk Schuring holds a press conference Thursday to go over details of a sports betting and expanded gaming bill that the chamber will consider. He and other …
Maryland casinos won more than $162.1 million from gamblers last month. The haul is the state gaming industry’s third-highest gross gaming revenue (GGR) monthly performance in history. Maryland’s first casino opened in September of 2010. The Live! Casino & Hotel in Maryland is seen last month. The six casinos in the state enjoyed their third-best …
Sportradar and Horizon Acquisition Corp. II (NYSE: HZON) are reportedly extending negotiations to bring the deal across the finish line. Horizon is the special purpose acquisition company (SPAC) looking to merge with the betting data provider. Investor Todd Boehly, seen speaking at an event above. His SPAC is still hammering out details with Sportradar. (Image: …
A new poll finds that a majority of Florida voters want a say on whether the state should allow the Seminole Tribe to expand its gaming privileges. Florida Gov. Ron DeSantis (R) signs new Class III gaming terms as Seminole Chairman Marcellus Osceola Jr. looks on. A poll, however, finds voters in the state want …
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