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Business
April 25, 2024
Einhorn’s Greenlight Capital Takes Mid-Sized Stake in PENN Entertainment
PENN Entertainment’s shares went up 2.41% today on volume that was 55.7% over the regular daily average as a result of David Einhorn disclosing that Greenlight Capital took a “medium-sized” stake in the casino operator in Q1. This way, Greenlight joins the list of popular hedge funds that have recently taken stakes in PENN Entertainment, […]
Sports
April 25, 2024
Shohei Ohtani Continues to Excel Despite the Mizuhara Scandal
Shohei Ohtani seems to be doing well in spite of the fallout caused by Ippei Mizuhara’s gambling scandal. The player now has the support of the Los Angeles Dodgers, allowing him to remain in his A-game. On Wednesday, Ohtani destroyed numerous baseballs in the game against the Washington Nationals, hitting balls harder and more often […]
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Industry
April 25, 2024
Lawmakers in Alabama Continue Gambling Proposal Debate
A proposal calling for the expansion of gambling activities across Alabama has been gaining traction recently. House Bill 151 (HB 151) calls for the legalization of sports betting, expansion of gambling and the establishment of a lottery. While both Democrat and Republican lawmakers showed support for the proposal, there are still points on which they […]
Business
April 25, 2024
ESPN BET Launches First Retail Sportsbook at Hollywood Casino
The Hollywood Casino at Greektown has unveiled its ESPN BET-branded sportsbook and restaurant. This is notably ESPN BET’s first-ever branded retail location. Located on the upper floor of the 100,000-square-foot Downtown Detroit casino, the new sportsbook is the latest addition to PENN Entertainment’s portfolio. The ESPN BET sportsbook and restaurant offers some 4,500 square feet […]
Business
April 25, 2024
Expert Analyst Shares Insights about the US Gambling Sector
Ahead of the traditionally busier summer season, gambling operators are still facing some uncertainties across the United States. Major recent sports events such as the Super Bowl and the NFL helped bring mixed results, varying from one operator to the other. Yet, an important factor throughout the year would be potential changes to the interest […]
Legal
April 24, 2024
Evolution Stumbles in Court as Judge Denies Motion against C&K
A recent development in the ongoing legal battle saw the New Jersey Superior Court deny Evolution’s motion to unveil the sponsors of an anonymous 2021 report that damaged the company’s reputation. Judge John C. Porto ruled that the court could not approve Evolution’s request without further evidence, extending the conflict between the two companies. The […]
Industry
April 24, 2024
New Study Unveils the Evolving Habits and Preferences of US Bettors
YouGov, a global research and data analytics firm, has released its highly anticipated US bettor research report, offering comprehensive insights into the behaviors and preferences of American sports bettors. The company is well-renowned for its in-depth studies, offering accurate insights that help various industry stakeholders predict new developments and adapt to user preferences. Trends Highlight […]
Sports
April 24, 2024
NFL Lifts Isaiah Rodgers’ Gambling-Related Suspension
The National Football League (NFL) has reinstated Isaiah Rodgers, a cornerback for the Philadelphia Eagles. Rodgers was banned from competing last year because of gambling-related violations. As a result, he had to sit out an entire football season. Rodgers, who was playing for the Indianapolis Colts at the time of his suspension, was found guilty […]
Business
April 24, 2024
Xpoint Revolutionizes Geolocation Checks with Trust Mode
Xpoint, a leader in geolocation security solutions, has unveiled the release of a revolutionary new product. Trust Mode is a solution that allows Xpoint’s clients to decrease geolocation checks while remaining compliant with the requirements in US jurisdictions. Trust Mode, according to the announcement, complies with the required check frequencies while still reducing the overall […]
