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Business
April 16, 2024
Analysts Bullish on MGM Resorts Stock for Near-Term Rebound
MGM Resorts International, the globally recognizable entertainment and gaming operator, received a “Buy” rating for its stock by an expert analyst, while another firm recently highlighted the possibility for the company’s stock to rebound, despite recent dips. As of the market close on Monday, April 15, 2024, MGM’s stock traded at $42.85 per share. A […]
Industry
April 16, 2024
FanDuel Replaces GambetDC as Washington DC’s Sportsbook
Washington DC’s Office of Lottery and Gaming (OLG) has officially crowned FanDuel as the state’s new sports betting operator. Players in the state can now try out the operator’s new cutting-edge sportsbook app and enjoy enhanced wagering experiences. On April 15, FanDuel officially launched in the US capital, marking a new era for sports betting […]
Lottery
April 16, 2024
Mega Millions Ticket Price to Increase from $2 to $5, Reports Claim
Mega Millions’ head honchos are considering raising the price of the tickets, according to reports. While still unofficial, anonymous sources told Lottery Geeks that the price is expected to skyrocket from $2 to $5. While people familiar with the matter were convinced that this decision was “about as close to final as it can be,” […]
Legal
April 16, 2024
MGM Seeks to Block FTC’s 2023 Cyberattack Investigation with Lawsuit
In September, MGM Resorts International, the leading gaming and entertainment company, fell victim to a group of hackers. The actions of the suspected “Scattered Spider” group resulted in disruptions in the company’s operations for approximately one week. The local impact was related to missing amenities and inconvenience created for MGM guests. But the wider impact […]
Business
April 16, 2024
ESPN Bet’s Underperformance Causes Analyst to Lower Penn’s Price Target
In a recent development impacting the stock market, Penn Entertainment saw a downgrade in its price target by Deutsche Bank analyst Carlo Santarelli. The analyst revised the target down to $19 per share from the previous $22, maintaining a “Neutral” rating. This alteration came in the wake of a turbulent trading day where Penn Entertainment’s […]
Industry
April 16, 2024
AHLA Publishes State-by-State Predictions about the US Hotel Industry
The American Hotel & Lodging Association (AHLA) has published its projection for the hospitality industry’s performance in 2024. The organization expects hotels across the country to generate record-breaking levels of federal, state and local tax revenue while paying employees historic totals of wages, salaries and compensations. The Association expects hotels to generate a whopping $83.4 […]
Industry
April 16, 2024
Pennsylvania Reports Surge in Online Gambling Participation
A newly released report uncovered insights regarding the impact of online and offline gambling activities on Pennsylvania residents. The report was funded by the gambling regulator in the state, the Pennsylvania Gaming Control Board (PGCB), and developed by Penn State’s Criminal Justice Research Center in collaboration with the Pennsylvania Department of Drug and Alcohol Programs […]
Casino
April 16, 2024
Virginia’s Bristol Casino Achieves Historic Revenue Milestone
The Bristol Casino in Virginia, US, set to become the Hard Rock Casino, has marked a historic milestone by surpassing its previous revenue records in March, with an astonishing $16.3 million in adjusted gross income. This figure, released in a report by the Virginia Lottery, represents a remarkable 9% increase over its previous best month […]
Sports
April 16, 2024
2024 Chinese GP Formula 1 Odds, Time, and Prediction
The Chinese GP is one of only two races that Max Verstappen hasn’t won yet. The reason for this is that the event hasn’t been held since 2019. But the Chinese GP is returning this Sunday, and the Red Bull Racing superstar is favored to win it. Will he pull it off? Let’s find out! […]
Business
April 15, 2024
Indiana Betting Handle Soars in March but Revenue Dips
March proved to be a busy month for licensed sports betting operators in Indiana, newly released data by the gambling regulator in the state, the Indiana Gaming Commission (IGC), reveals. The total betting handle reported by operators in March hit $500.8 million. This result, compared to the $433 million figure reported for the same period […]
