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Industry
January 26, 2022
Morgan Stanley’s Intervention Turned the DraftKings’ Tide
A stock rating upgrade by Morgan Stanley saw DraftKings stock price reverse its negative trend that brought its share price from $64.50 to less than $20 in the space of four months. Is It ‘Too Big an Opportunity?’ Morgan Stanley upgraded the Boston-based gaming operator’s stock rating from Equal-Weight to Overweight in a report titled […]
Industry
January 26, 2022
Arizona Became the First State to Reach $1B in Three Months
Sports betting operators in Arizona generated in November wagers less than the previous month but enough to make the state the first to reach the $1 billion mark in just three months of operation, the monthly event wagering report released by the Arizona Department of Gaming (ADG) revealed. One, Two, Three – One Billion Arizona […]
Industry
January 26, 2022
Gaming Realms Posts Trading Update, Expects Successful 2021
Leading developer and licensor of mobile gaming content Gaming Realms plc (GMR) announced that it has enjoyed a successful 2021 and predicts to keep the positive momentum this year as well. Gaming Realms Expects 27% Revenue Growth for 2021 In a pre-close trading update released on Wednesday, GMR released its results for the full year […]
Industry
January 26, 2022
Affinity Interactive Launches DRF Sportsbook in Iowa
Affinity Interactive’s Daily Racing Form (DRF) is now available in Iowa as an online sportsbook. The platform, which specializes in providing premium data and in-depth editorial coverage on horse racing for fans across North America, is forging ahead with a new foray in the quickly-developing sports betting space. DRF Gets Serious About Sports Betting The […]
Industry
January 26, 2022
Survey Says Pennsylvania Has More Than 1M Gamblers
The Pennsylvania Department of Drug and Alcohol Programs, the Pennsylvania Gaming Control Board, and the Penn State University released a new report on Friday, looking into the rate of gambling participation in the Keystone State. Pennsylvania has embraced gambling in all of its variety, from sports to casinos, poker, and racetracks. This has created a […]
Industry
January 26, 2022
Woman Almost Misses out on $3M Reward Due to Spam Mail
Laura Spears turned out to be one of the luckiest women in Michigan. Then again, she almost turned out to be one of the unluckiest women, too. The Detroit area woman almost missed out on a $3 lottery prize payout that had been mistakenly sent to her junk email – a legitimate award lumped together […]
Industry
January 26, 2022
Virginia’s City of Richmond Hopes Tax Cuts Will Sway the Public on Casino Bid
The city of Richmond, VA, was shocked and a little more than disappointed when local residents rejected a casino referendum last November. Not willing to give up the fight, the city is pulling out its bag of tricks to try to gain support. One of these tricks targets locals’ wallets. Tax Breaks for Casino Support […]
Industry
January 26, 2022
Number of Junkets Active in Macau Cut in Half Since January 2021
Over the past year, the total number of Macau licensed gaming junkets has declined by 45.9%. According to the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), this is the ninth consecutive year that the number of licensed junkets has declined in Macau. More exits are likely leading up to the implementation of […]
Industry
January 25, 2022
Stephanie Sherman Assumed DraftKings Chief Marketing Officer Role
DraftKings announced today an internal promotion that saw long-serving Stephanie Sherman assume the role of chief marketing officer to consolidate all marketing functions in the business under her leadership. All-Round Marketing Executive Sherman, who was one of the first employees of Boston-based DraftKings when she joined in 2013, would be responsible for future marketing efforts, […]
Industry
January 25, 2022
New Zealand’s Pokies Association Pushing for Lower Problem Gambling Rates
New Zealand’s Ministry of Health has proposed a 26% increase ($16 million) in the problem gambling levy budget over the upcoming three years. Half of the increase would be supported by profits collected from the Gaming Machine Association of New Zealand (GMANZ), one of the four contributors to the levy. While reiterating its full support […]