5253 stories by Todd Shriber
South Carolina Hoping Third Time’s Charm with Sports Betting
South Carolina lawmakers are ready to give sports wagering legislation another chance when the General Assembly starts a new session in January. Two recent efforts to bring mobile sports betting to the state failed, but with neighboring North Carolina surpassing expectations, South...
BetMGM Nevada Wallet Now Usable in Other States
BetMGM announced Thursday that the digital wallet on its Nevada sports wagering mobile application is now transferrable to other states in which the company books bets. That means bettors that sign up for a BetMGM account in Nevada can use the same...
Texas Sports Betting: Lone Star Long Shot Over Near-Term
Hopes that Texas could put the issue of online sports betting to voters in November 2025, positioning the state for launch in advance of the 2026 football season, appear to be dashed as the State Senate remains a barrier. Last year, the...
Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Last week, the Nevada Gaming Control Board (NGCB) said it is...
NFLPA Suit Against DraftKings Could Stem from Defunct NFT Product
The NFL Players Association (NFLPA), the labor union for the league’s athletes, filed suit against DraftKings (NASDAQ: DKNG) and could seek financial damages relating to the recent closure of the gaming company’s nonfungible tokens (NFTs) marketplace. In late July, the online sportsbook...
Penn Entertainment Bonds Not Inspiring, Says Analyst
Amid lethargy in its interactive division and solid though not spectacular results from its land-based casinos, Penn Entertainment's (NASDAQ: PENN) corporate debt may not offer much in the way of near-term upside. That’s the take of GimmeCredit analyst Kim Noland. In a...
DraftKings Stock Poised for Football Season Bump, Say Analysts
Sports wagering stocks, including DraftKings (NASDAQ: DKNG), are a relatively young asset class, but youth aside, the group is subject to clear seasonal trends. Those include the start of football season often acting as catalyst. Prosaic as that thesis is and it...
FanDuel Can Extend US Dominance
Leadership in the US online sports betting market is often fluid and varies at the state level, but what isn’t up for debate is that a duopoly comprised of DraftKings (NASDAQ: DKNG) and Flutter Entertainment’s (NYSE: FLUT) FanDuel has formed. Flutter’s second-quarter...
NFL Bettors Planning to Wager More This Year, Says Optimove
Football is the most wagered-on sport in the US, and the NFL leads the way. The 2024 season kicks off on Thursday, September 5, and in what could be good news for sportsbook operators, data suggest bettors will boost the frequency of...
Betfred Could Consider Full Departure from US Sports Betting Market
Amid sluggish profits, Betfred halted its sports wagering offerings in Maryland last month. At the end of this month, the company is pulling the plug on its operations in Colorado and Ohio and it might not be long before the British bookmaker...
