Penn Entertainment (NASDAQ: PENN) is planning layoffs at its Penn Interactive arm, which includes the ESPN Bet online sports wagering unit. An image from an ESPN Bet tutorial. Operator Penn Entertainment is laying off workers at its Penn Interactive unit. (Image: YouTube) The number of jobs to be eliminated wasn’t announced, and the news was…
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DraftKings (NASDAQ: DKNG) and Genius Sports (NYSE: GENI) are top gaming equity ideas at Macquarie, with the research firm forecasting significant second-quarter growth in iGaming and online sports betting (OSB) revenue. DraftKings stock highlighted at the Nasdaq market site in New York City. An analyst said that stock and Genius Sports are two top ideas…
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The state of Iowa has asked a federal judge to dismiss a lawsuit brought by a group of college athletes who claim their rights were violated when they were ‘illegally’ prosecuted for underage gambling. Eyioma Uwazurike, pictured above during his days playing for Iowa State between 2017 and 2021. Uwazurike was later drafted by the…
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The Open Championship tees off in a matter of hours at Royal Troon Golf Club in South Ayrshire, Scotland. It comes as no surprise that oddsmakers have World No. 1 Scottie Scheffler as the heavy betting front-runner. Scottie Scheffler remains on top of the golf world. As he readies to tee it up in the…
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Washington, DC is currently without mobile sports wagering because Mayor Muriel Bowser (D) has yet to sign the fiscal 2025 budget. Washington, DC Mayor Muriel Bowser hasn’t signed the city’s fiscal 2025 budget and FanDuel temporarily went dark, leaving the city without a mobile sports betting app. (Image: AP) It was believed Bowser would sign…
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Churchill Downs Inc. is moving forward with a gaming venue in Virginia’s Henrico County where historical horse racing (HHR) machines will operate. The project has generated criticism from a local county official. A rendering of Henrico Gaming, a planned historical horse racing gaming venue in Virginia from Churchill Downs, Inc. A local official has criticized…
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The Nebraska Legislature reconvenes for a special session next Thursday, July 25, to discuss possible ways to reduce property taxes for homeowners. Sports bettors use self-service kiosks at the temporary WarHorse Casino Lincoln in Nebraska. An effort to expand sports betting online is expected to commence when the Nebraska Legislature convenes for a special session…
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The long rumored sale of Rush Street Interactive (NYSE: RSI) could materialize in two months or less, according to a recent report. A Rush Street Interactive advertisement. The company could be acquired in the weeks ahead, according to a report. (Image: X) Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal…
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Major League Baseball Commissioner Rob Manfred has doubled down on comments he previously made that the professional sports organization didn’t want sports betting to expand outside of Nevada. MLB Commissioner Rob Manfred says pro baseball didn’t want sports betting to expand legally across the US. A silver lining, however, is that monitoring sports gambling for…
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Oklahoma will likely remain on the sports betting sidelines for the foreseeable future, a tribal spokesperson reveals. Oklahoma Gov. Kevin Stitt last year presented a path to authorize sports betting in the Sooner State, but the tribes expressed little enthusiasm. The tribes say they aren’t willing to pay the state costly fees to operate online…
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