Casino News
10 stories from 5 sources
DraftKings Presses Prediction Market Advantage As FanDuel Refines Sportsbook Strategy
DraftKings used its earnings to show prediction markets are already making money and improving the broader economics of the business. DraftKings reported stronger-than-expected first-quarter results... The post DraftKings Presses Prediction Market Advantage As FanDuel Refines Sportsbook Strategy appeared first on Legal Sports Report.
Genius Sports Touts Prediction Market Growth, Raises Outlook
Genius Sports highlighted prediction markets as a new growth driver Thursday while raising its profitability outlook following its $1.2 billion acquisition of Legend. The sports and betting... The post Genius Sports Touts Prediction Market Growth, Raises Outlook appeared first on Legal Sports Report.
Sportradar CEO Koerl Completes $10 Million In Share Purchases
Sportradar CEO Carsten Koerl acquired another 497,801 shares on the open market to complete his commitment to buy $10 million in stock. Koerl announced his plans during the company’s Q1... The post Sportradar CEO Koerl Completes $10 Million In Share Purchases appeared first on Legal Sports Report.
FanDuel Shakeup, ‘Improvement Plan’ Overshadow Flutter Earnings Beat
Flutter beat Wall Street expectations in the first quarter, but a FanDuel leadership shakeup and sportsbook “improvement plan” did little to calm investors as the ground shifts beneath the industry’s... The post FanDuel Shakeup, ‘Improvement Plan’ Overshadow Flutter Earnings Beat appeared first on Legal Sports Report.
Michigan Senate Strips Online Casino, Sports Betting Tax Hikes From Budget
Michigan Gov. Gretchen Whitmer’s plan to follow the sports betting tax plan implemented by Illinois has fallen short. The Michigan Senate passed an $88.1 billion budget last week. Despite being D... The post Michigan Senate Strips Online Casino, Sports Betting Tax Hikes From Budget appeared first on Legal Sports Report.
Inspired Lowers Expectations For US Virtual Sports, Still ‘Bullish’ On Potential
Virtual sports have not taken off in the United States as Inspired Entertainment or many others had hoped. CEO Brooks Pierce said on Inspired’s Q1 earnings call Thursday morning that... The post Inspired Lowers Expectations For US Virtual Sports, Still ‘Bullish’ On Potential appeared first on Legal Sports Report.
Three States Send Bills Against Sweepstakes Casinos To Governors
Three bills looking to strengthen state laws against sweepstakes casinos are on their way to governors in Louisiana, Oklahoma and Tennessee. In Louisiana, lawmakers sent HB 53 to Gov. Jeff Landry.... The post Three States Send Bills Against Sweepstakes Casinos To Governors appeared first on Legal Sports Report.
Flutter Stock Falls As FanDuel CEO Howe’s Exit Confirmed
Amy Howe, the CEO of Flutter-owned FanDuel and one of the few female leaders in the sports betting industry, is no longer in that position, the company confirmed in its first-quarter earnings... The post Flutter Stock Falls As FanDuel CEO Howe’s Exit Confirmed appeared first on Legal Sports Report.
Execs Debate Blurred Lines Between Prediction Markets, Sportsbooks
A DraftKings executive acknowledged that sportsbooks and trading sports event contracts feel similar for consumers during a Milken Institute panel, as operators of prediction markets argue the... The post Execs Debate Blurred Lines Between Prediction Markets, Sportsbooks appeared first on Legal Sports Report.
Bills That Address Connecticut Sports Betting Customer Service, Cheating Head To Lamont
Connecticut lawmakers approved multiple changes concerning sports betting this week, sending them on to Gov. Ned Lamont on the last day of its session. The Senate passed House Bill 5229 Wednesday... The post Bills That Address Connecticut Sports Betting Customer Service, Cheating Head To Lamont appeared first on Legal Sports Report.