PENN Entertainment Inc
Barstool’s Dave Portnoy won $2.7 million betting on UConn in NCAA men’s final
Barstool founder and CEO Dave Portnoy is seen before the Florida Atlantic Owls and Loyola (Il) Ramblers game in the Barstool Invitational at Wintrust Arena on November 8, 2023 in Chicago, Illinois. Michael Hickey | Getty Images Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win over Purdue Monday night […]
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Largest U.S. sportsbooks join forces to tackle problem gambling
Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem gamblers. The seven operators — FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 — will form the Responsible Online […]
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DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported compared with what Wall Street […]
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Shares creating the largest moves midday: Cisco Programs, Twilio, Tremendous Micro Personal computer and a lot more
Check out out the corporations making headlines in midday investing. Cisco Techniques — The tech firm’s shares dropped 4.4% just after it posted declining fiscal second-quarter profits. Cisco also issued a lighter-than-expected forecast for the third quarter and declared a downsizing prepare that would guide to a 5% reduction in careers . Twilio — The […]
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ESPN Bet plans launch in New York, the largest U.S. betting market
ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting […]
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Taylor Swift will direct to much more betting on the Tremendous Bowl, with just one sportsbook benefiting in certain, analyst says
Penn Entertainment’s ESPN Guess sports activities betting services could verify to be a winner at the Tremendous Bowl on Sunday — helped by the Taylor Swift effect, in accordance to Bank of America. “While the Significant Activity is generally significant for sportsbooks, we imagine the blend of 1) currently being performed in Las Vegas and 2) […]
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FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play
FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings. It’s a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index. But Flutter’s most important market […]
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Stocks making the most important moves midday: Microsoft, Chegg, Zoom Video clip, Paramount and extra
Check out out the firms building headlines in midday trading. Zoom Video clip Communications — The software stock included virtually 2% forward of its third-quarter earnings thanks right after industry shut. Analysts polled by FactSet expect $1.08 for every share in earnings and profits of $1.12 billion for the quarterly period, as opposed to the […]
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Stocks building the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
Check out out the firms creating headlines in midday buying and selling. Starbucks — Shares jumped much more than 10% immediately after the business posted an earnings and income conquer in the fiscal fourth quarter. Administration also described far better-than-anticipated general performance in China, its second-biggest sector. Roku — The streaming online video platform rallied […]
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Thousands of casino workers go on strike in Detroit
MGM Resorts International’s MGM Grand Detroit hotel stands in Detroit, Michigan, Oct. 30, 2013. Bryan Mitchell | Bloomberg | Getty Images Auto workers aren’t the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked off the job in the city Tuesday. The work stoppage targets operations […]
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