PrizePicks, the largest daily fantasy sports operator in North America, has taken a significant step towards expansion by hiring the investment bank Moelis & Co. to scout for merger and acquisition opportunities. This move comes as the company aims to strengthen its position in the competitive fantasy sports market. PrizePicks, known for its innovative approach…
The 2024 Summer Olympics in Paris are generating unprecedented betting interest, largely driven by the dominant U.S. basketball and soccer teams. With more states than ever offering legal sports betting, the U.S. teams’ dominance is making it challenging for bettors to find value in their wagers. The U.S. men’s and women’s basketball teams, along with…
Las Vegas Sands Corp. has reported notable financial gains for the second quarter of 2024, despite its stock trading at a 52-week low. The company, a leading global developer and operator of integrated resorts, announced a net revenue of $2.76 billion and a net income of $424 million for the quarter ending June 30, 2024.…
Sir Tim Berners-Lee, the inventor of the World Wide Web, is set to deliver a keynote address at the SBC Summit 2024 in Lisbon. This highly anticipated event will feature a fireside discussion where Berners-Lee will share his insights on the evolution of the web and its impact on global communication. The summit, which attracts…
Red Rock Resorts has reported impressive financial results for the second quarter of 2024, showcasing significant gains across various metrics. The company’s net revenues saw a substantial increase, while its Las Vegas operations continued to perform robustly. Despite a slight dip in net income, the overall financial health of Red Rock Resorts remains strong, reflecting…
The proposal to transform Nassau Coliseum into a casino has sparked significant controversy and opposition from local residents and leaders. The plan, spearheaded by Las Vegas Sands, aims to create a massive entertainment complex, but many fear the negative impacts it could bring to the community. Despite some support for the economic benefits, the project…
In a significant move within the sports betting industry, Musburger Media has reacquired VSiN, The Sports Betting Network, from DraftKings. This acquisition marks a return to the original founders, Brian Musburger and Bill Adee, who initially launched VSiN in 2017. The deal underscores the founders’ commitment to delivering credible, independent sports betting information and analysis.…
The German Online Casino Association (DOCV) has raised concerns about the growing influence of black market operations in the country’s gambling industry. Despite recent regulatory efforts to control the market, illegal operators continue to thrive, posing significant challenges to legitimate businesses. The DOCV’s warning comes after a recent conference where industry leaders discussed the impact…
Global sports betting and gaming group Entain has announced the appointment of Gavin Isaacs as its new Chief Executive Officer (CEO). Isaacs, who has over 25 years of experience in the industry, will take over from interim CEO Stella David on September 2, 2024. This strategic move is expected to steer Entain towards a new…
Resorts Casino Hotel in Atlantic City has recently launched an exciting array of new games at its DraftKings Sportsbook. This latest addition includes a variety of traditional and electronic table games, as well as new slot machines, enhancing the gaming experience for visitors. The introduction of these games is part of Resorts Casino’s ongoing efforts…