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Business
October 18, 2024
Dabble Considers Going Public to Take Its Growth to the Next Level
Dabble, a revolutionary social betting platform in Australia and a daily fantasy sports operator in the US, is said to be considering the next stage of its growth. An initial public offering (IPO) and sale of the business seem to be on the table. Dabble Is Considering Nasdaq or ASX IPO According to a reports, […]
Blockchain
October 18, 2024
Buying Crypto and Meme Stocks Is Akin to Gambling, Says Strategist
Buying cryptocurrencies and meme stocks like Trump Media is akin to gambling, believes Fiduciary Trust International’s managing director, Doug Cohen. In an interview with Quartz for the “Smart Investing” video series, Cohen discussed why these types of assets are too speculative to be considered sound investments. Cohen explained that the behavior seen around meme stocks […]
Sports
October 18, 2024
Polymarket Now Puts Donald Trump Ahead Thanks to $26M Bet
Although most polls will tell you that the November elections are a toss-up, several Polymarket bets, totaling $26 million and possibly coming from the same source, would suggest that Donald Trump, the GOP candidate, has a significant lead over his Democratic counterpart. Trump is Now Favored in Polymarket Odds to Win the Presidency Because of […]
Sports
October 18, 2024
Colorado Seeks Dismissal of Tribal Lawsuit Over Sports Betting Regulation
Colorado is asking a federal court to toss a lawsuit filed by the Southern Ute and Ute Mountain Ute Tribes. Tribes Sue Colorado Over Sports Betting Rules, State Asserts Legal Immunity The tribes are challenging how the state oversees their sports betting businesses. The state’s lawyers say the Eleventh Amendment protects the officials named in […]
Business
October 18, 2024
Analyst Hints at Potential Golden Entertainment Casino Sale-Leaseback
On Wednesday, the American gaming company that operates gaming properties, slot routes and taverns, Golden Entertainment, confirmed that its third quarter 2024 financial results are going to be released after market close on November 7, 2024. Ahead of the release of the financial figures, analysts shared their forecast, discussed potential challenges and opportunities the company […]
Legal
October 17, 2024
Andy Sanborn Arrested Over Fraud Allegations, Complicating Concord Casino Sale
Former New Hampshire state senator and Concord Casino owner Andy Sanborn has been arrested for alleged fraud and misappropriation of pandemic relief funds. He reportedly manipulated the casino’s revenue figures to obtain an extra $188,474.33 from the state’s Main Street Relief Fund program to support small businesses during the COVID-19 pandemic. Both Sides Levy Significant […]
Lottery
October 17, 2024
Four Lottery Players Miss the Powerball Jackpot, Allow It to Grow
Wednesday marked the latest drawing of the popular American lottery game, Powerball. While many lottery players tried their luck for the hefty $409 million jackpot, nobody matched correctly all the winning numbers. Saturday’s Jackpot Estimated at $437 Million To win the Powerball jackpot, players had to match correctly all white balls 4, 30, 39, 44, […]
Industry
October 17, 2024
Tribal Leaders Condemn Sweepstakes During Recent Meeting
The debate surrounding sweepstakes intensified over the last year. With some analysts estimating the cost of the market at tens of billions as of 2023, the niche sector is likely to keep growing. This places sweepstakes in the sights of lawmakers, gambling regulators and stakeholders such as commercial and tribal operators. Sweepstakes at the Sights […]
Business
October 17, 2024
J.P. Morgan Analyst Lowers MGM Resorts Projections for 2025
J.P. Morgan, an American multinational finance company, has lowered its projections for MGM Resorts International. In an investor note published on October 15, analyst Joseph Greff attributed the trimmed cash-flow projections to a variety of setbacks. The Analyst Expects the Company to Lose Market Share in Macau Greff cited uneven performance for MGM Resorts, sharing […]
Industry
October 17, 2024
Bettors Divided as Mike Tyson vs. Jake Paul Draws Near
Mike Tyson’s clash against Jake Paul remains one of the most highly anticipated boxing matches maybe ever. As a fairly unconventional game because of the participants’ age difference, the match promises an unexpected outcome, dividing bettors on who would actually win. The Clash Is Just Around the Corner The polarizing game has divided bettors and […]
