News

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 …

Neither the Fontainebleau Resort nor Trump National Doral is in line to receive casino licenses when Florida lawmakers reconvene for a special session later this month.  Senate President Wilton Simpson said the state legislature will not consider allowing the Fontainebleau owner to transfer a casino license from an existing facility to the historic Miami Beach …

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 …