Analyst Predicts Exciting Growth for Flutter Entertainment Driven by the Rise of Sports Betting In an insightful report, Macquarie analyst Chad Beynon has initiated coverage of Flutter Entertainment, the parent company of FanDuel, with an “outperform” rating and a $340 price target. This optimistic projection, which suggests an impressive upside of approximately 22.8% from the […]
Protecting Minors: Why Lottery Games Are Only for Adults As the holiday season approaches, responsible gaming advocates are reiterating that lottery tickets are not suitable gifts for children and young teens, emphasizing that the thrill of playing various lottery games should be reserved strictly for adults. The National Council on Problem Gambling (NCPG) is once […]
Peoria Eyes Land Based Casino Development Through Strategic Investment Banking Support for Boyd Gaming The City of Peoria is making significant efforts to attract Boyd Gaming and its Par-A-Dice Hotel Casino to relocate across the Illinois River, a move that would fundamentally transform the local economy. This initiative marks a pivotal moment in Peoria’s gaming […]
From Combat to Casinos: Why Nate Diazs Legal Issues Are Drawing Attention to Las Vegas Casinos Former UFC fighter Nate Diaz is back in the spotlight, but instead of a fight in the octagon, he is facing legal trouble following an incident at one of the most famous Las Vegas casinos. Diaz was reportedly charged […]
Mashpee Wampanoag Tribe’s Welcome Center to Promote Upcoming Casino Resort Plans The Mashpee Wampanoag Tribe, a federally recognized tribe in Massachusetts, is set to construct a welcome center on its sovereign land in Taunton. This facility aims to promote the tribe’s long-awaited plans to build a $1 billion casino resort known as First Light. Historical […]
Leadership Changes Boost Credit Outlook for Casino Resorts at Resorts World Las Vegas Recent strategic changes at Resorts World Las Vegas have sparked a positive shift in the credit profile of the venue, signaling a new era of stability for luxury casino resorts. The formation of a new board of directors, led by prominent industry […]
The Hidden Risks of Online Gambling: Unveiling Ukraine’s iGaming Concerns Ukrainians participating in online gambling may unknowingly be financing the adversaries in the ongoing Russia-Ukraine conflict. The State Bureau of Investigation of Ukraine and Prosecutor General Andriy Kostin suggest that the popular online platform, Pin-Up, may be diverting parts of its revenue to support Russian […]
FanDuel Shifts Sports Betting Strategy to Outpace DraftKings by Eliminating Surcharges UPDATE: The landscape of sports betting is shifting rapidly following recent industry developments. Shortly after Flutter announced it will not impose a surcharge, DraftKings reversed its course and decided not to tax winning sports bets in Illinois, New York, Pennsylvania, and Vermont. This strategic […]
Casino Operators Outlook: Caesars CEO Reeg Denies Penn Involvement and Prioritizes Buybacks While market speculation continues to swirl around various industry shifts, Caesars Entertainment (NASDAQ: CZR) CEO Tom Reeg recently made it clear that his company is not involved in the takeover chatter surrounding its rival, Penn Entertainment (NASDAQ: PENN). This distinction highlights a growing […]
Tragedy at a Gambling Venue: Gambler Sentenced to Prison After Girls Die Alone in Hot Car A mother has been sentenced to state prison for a term of 94 to 125 months following a devastating incident at a local gambling venue, where she left her young daughters alone in a hot car for over six […]