Business
February 28, 2021
SEC Puts Trading in 15 Stocks on Hold for Fears of Speculation
Trading in 15 more stocks was suspended on Friday as SEC fears that social chatter and speculation are driving perilous market conditions. SEC Targets 15 Stocks Driven by Social Media Frenzy The Securities and Exchange Commission (SEC) has gone after stocks it has deemed too unpromising to merit the social media frenzy that has been […]
Sports
February 28, 2021
TFC Ponies Up $6m to Secure Kambosos Jr. and López Rights
TFC or a TFC-chosen sublicense will broadcast the lightweight world title fight between George Kambosos Jr. and Teófimo López. Triller Fight Club Grabs Rights for López Lightweight Bout The Triller Fight Club (TFC) has secured the broadcasting rights for the upcoming fight between George Kambosos Jr. and Teófimo López, displacing bids by Matchroom and Top Rank, ESPN reported. Triller and Snoop Dogg own […]
Legal
February 27, 2021
Online Sports Betting Legalization in Georgia Suffers Setback
Georgia’s Democrats will withhold support for bills that require bipartisan support, including a bill that would see the legalization of online sports betting in Georgia. Democratic Party Withholds Support on Bipartisan Bills The potential legalization of online sports betting in Georgia may take longer than initially expected. Georgia Democrats have begun withholding their support on […]
Business
February 26, 2021
DraftKings Reports Increased Q4 and 2020 Revenue
DraftKings revealed Friday its financial results for Q4 and 2020, with a strong revenue growth reported due to an increased interest in sports betting. Deals, Customer Acquisition, and a Busier Sporting Schedule DraftKings presented today its financial results for 2020 and Q4, with its yearly revenue up 49% compared to 2019. The strong rise in […]
Legal
February 26, 2021
Sports Betting Regulation Still en Route in Maryland
Supported by Adrienne Jones, House Bill 940 was heard in the House on Thursday this week. The bill proposes the regulation and taxation of in-person and online sports betting in Maryland. Maryland’s Legislature Debates on HB 940 Last year, Maryland voters voted in favor of gambling expansion, allowing sports betting at certain licensed facilities. On […]
Business
February 26, 2021
Caesars Entertainment Sees Net revenues Increase 37.4% to $3.5Bn in 2020
For the full year ended December 31, 2020, Caesars Entertainment reported net revenues of $3.5 billion and a net loss of $1.8 billion on a GAAP basis. CEO Tom Reeg With Positive Outlook for Las Vegas On February 25, Caesars Entertainment posted its operating results for the fourth quarter and year ended December 31, 2020. […]
Legal
February 26, 2021
Wyoming Rep. Prepares New Sports Betting Bill
Wyoming is preparing to potentially join the list of states that have authorized sports betting as Rep. Tom Walters spearheads a new piece of legislation to see mobile and online sports gambling through. House Bill 133 Aims to Make Betting on Sports Permissible Wyoming’s House of Representatives member Tom Walters is pushing ahead with a […]
Industry
February 26, 2021
Gaming Revenue in Nevada Increases in January 2021
Nevada’s January gaming revenue hit $761.8 million. This represented an increase when compared to December 2020. Sports betting was responsible for $52.4 million in gaming revenue, which marked an increase of 159.9% when compared to December. Gaming Revenue in Nevada Improves in January In January, Nevada’s gaming revenue marked growth when compared to December last […]
Sports
February 26, 2021
Tipsters UpickTrade Ink Deal with Vegas Golden Knights
UpickTrade has become the official sports betting tipping partner for the Vegas Golden Knights in a newly-announced deal this week. Golden Knights Are First Team to Partner with Tipping Platform The Vegas Golden Knights have revealed a multi-year partnership with Mexico-based UpickTrade sports betting tipping platform. The tie-up marks the latest foray into the sports […]
Legal
February 26, 2021
Three Bills to Lead Florida’s Sports Betting Legalization Push
A bipartisan set of bills by Rep. Chip LaMarca and Rep. Anika Omphroy is heading for the House during this year’s legislative session in the hopes of establishing a regulated sports betting industry in the state. Bipartisan Set of Bills Heading for Legislative Session Florida is at it again, as the Sunny State heads for […]