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BetMGM Partners With Buffalo Wild Wings: Could The Move Help With Market Share?
Thursday, March 11, 2021 - 4:20pm | 490There is a growing number of companies competing in the online sports betting and iGaming market. BetMGM is one of the top players and could be making a move to grow its market share going forward. What Happened: Buffalo Wild Wings announced a partnership with BetMGM on Thursday. The BetMGM app...
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What Did Analysts Think of DraftKings' Investor Day Presentation?
Wednesday, March 10, 2021 - 6:08pm | 627Draftkings Inc (NASDAQ: DKNG) held an investor day on March 9 to discuss the company’s total addressable market and a look into the future. Analysts shared their reactions to the presentation. The DraftKings Analysts: Bank of America analyst Shaun C. Kelley reiterates a Neutral rating ...
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DraftKings Can Launch Sports Betting Faster Than Competitors, Ark Funds Says In Bullish Take
Wednesday, March 10, 2021 - 2:43pm | 465Ark Funds hosted an investor webinar on Tuesday, and the asset manager's take on the growth of online sports betting was among the topics covered. Ark On DraftKings: One stock that was recently added to the Ark Funds ETFs is DraftKings Inc (NASDAQ: DKNG). “There’s significant supply...
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Is DraftKings Looking To Take Over Score Media and Gaming?
Tuesday, March 2, 2021 - 12:20pm | 471Rumors circulated Monday that Draftkings Inc (NASDAQ: DKNG) had set its sights to acquire Score Media and Gaming Inc (NASDAQ: SCR). What Happened: Less than one week after being listed on Nasdaq, Score Media is the subject of takeover rumors, which sent shares up in after-...
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Score Media Closes Initial Public Offering And Plans For Future
Monday, March 1, 2021 - 6:26pm | 436Score Media and Gaming Inc (NASDAQ: SCR) was quick to close its initial public offering in the U.S. after making its debut on Nasdaq this past Thursday. What Happened: On Monday, Score Media announced 6,900,000 Class A shares were sold at a price of $27 per share, for total of $186.3...
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Sports Betting Operator DraftKings Posts Q4 Beat, Raises 2021 Guidance After More State Launches: What Investors Should Know
Friday, February 26, 2021 - 10:00am | 528Sports betting and iGaming company DraftKings reported fourth-quarter and full fiscal year earnings before the market open Friday. What Happened: DraftKings Inc's (NASDAQ: DKNG) fourth-quarter revenue totaled $322 million, representing a 146% year-over-year increase and beating the...
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Score Media And Gaming, Home Of theScore App, Debuts On Nasdaq: What You Need To Know
Thursday, February 25, 2021 - 5:19pm | 683With a new Wall Street listing, Score Media and Gaming Inc (NASDAQ: SCR) has come a long way since its inception 17 years ago. What Happened: On Thursday, Score Media debuted on the Nasdaq, a big step for this once small Toronto-based company founded by John Levy’s family...
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How Barstool Sportsbook Could Launch In New York If Empire State Legalizes Sports Betting
Tuesday, February 23, 2021 - 4:39pm | 529One of the most recognizable names in sports and sports betting could launch in New York if the state legalizes sports betting thanks to a new partnership. Penn National Lands New York Access: Penn National Gaming (NASDAQ: PENN) and Rush Street Interactive (NYSE: RSI) signed a partnership Monday in...
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How New York, Texas And Ontario Could Increase Online Sports Betting Market By $3B
Thursday, January 21, 2021 - 6:35pm | 378Bank of America held a discussion with some experts in the sports betting industry to discuss some potential upcoming catalysts. Sports Betting in Texas: Team owners like Jerry Jones (Dallas Cowboys), Mark Cuban (Dallas Mavericks) and Tilman Fertitta (Houston Rockets) are all backing sports betting...
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4 Reasons To Like Penn National: Cost Savings, Sports Betting Margins And More
Wednesday, January 20, 2021 - 3:00pm | 290Ahead of the rollout of Barstool Sportsbook in Michigan, this casino gaming stock just got a new bullish initiation. The Penn National Analyst: Credit Suisse analyst Benjamin Chaiken initiates Penn National Gaming (NASDAQ: PENN) with an Outperform rating and $128 price target. The Penn...
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DraftKings Could Beat Revenue Estimates By 25% Over Next 4 Years: Morgan Stanley
Wednesday, January 20, 2021 - 11:31am | 343Pure play sports betting company DraftKings Inc (NASDAQ: DKNG) gets an upgrade on Wednesday based on the total addressable market size rising with additional states launching and legalizing sports betting and iGaming. The DraftKings Analyst: Morgan Stanley's Thomas Allen upgraded DraftKings...
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Michigan Enters Online Sports Betting Game, With Barstool And DraftKings Ready To Roll
Tuesday, January 19, 2021 - 4:42pm | 648Michigan's highly anticipated launch of online sports betting is set to happen on Friday, Jan. 22. Nine companies have been approved to launch online sports betting offerings, according to Roundhill Investments. Penn National: The Barstool Sportsbook app from Penn National Gaming (NASDAQ:...
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Why KeyBanc Is Bullish On These 4 Casino Stocks
Thursday, January 14, 2021 - 5:30pm | 459A KeyBanc analyst has initiated coverage on seven companies in the sports betting and casino space, offering a more conservative view of the total addressable market size opportunity. 4 Gaming Picks: KeyBanc analyst Brett Andress named four stocks in the gaming space that he said are...
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Sports Betting Could Grow 70% In 2021, Casino Recovery Coming: BofA Analyst
Sunday, January 10, 2021 - 1:43pm | 632Casino, gaming and sports betting stocks had a wild ride in 2020 with the COVID-19 pandemic and the cancellation of major sports seasons and events. Bank of America analyst Shaun Kelley shared his thoughts on the overall sector with a 2021 outlook called, “From shorts to sports.” Sports...
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New Jersey Sets Monthly Record For Sports Betting: A Look At The Winners And Why New York Needs To Legalize
Monday, December 14, 2020 - 6:10pm | 565The state of New Jersey set a sports betting record for the fourth consecutive month and remains on pace to break the year record. What Happened: The state of New Jersey saw a total of $931.6 million bet on sports in the month of November, bringing its year-to-date total to $5.02 billion. New...