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Business
March 1, 2021
Wynn Resorts to Open $3.5m Studio with Blue Wire in Las Vegas
Wynn Resorts is going to invest $3.5 million in Blue Wire to develop a dedicated studio at the Wynn Resorts in Las Vegas. Dedicated Sports Broadcasts Soon to Come out of Wynn Las Vegas Wynn Resorts Ltd. will pony up $3.5 million to invest in Blue Wire, a sports podcasting platform based in San Francisco. The company will […]
Sports
March 1, 2021
UpickTrade Dropped as Vegas Golden Knights Predictions Partner
The Vegas Golden Knights have reversed their deal with Mexico-based betting prediction platform UpickTrade on Saturday. Vegas Knights Renege on UpickTrade Deal It took all but a few days for the Vegas Golden Knights to make a U-Turn and reverse their partnership with tipping platform UpickTrade, responding to a sea of boos and criticism. Marking a landmark moment […]
Business
February 28, 2021
DraftKings CEO Weighs in on Trading vs Gambling Argument
DraftKings CEO Johnson Robins has discussed the potential of mobile betting, the Robinhood saga, and pent-up demand for sports with CNBC’s Power Launch host. Robins Says Trading and Gambling Are Different Products Last week, DraftKings CEO Johnson Robins spoke to CNBC’s Power Lunch and discussed whether the recent trading saga with GameStop has made more […]
Sports
February 28, 2021
Yahoo Sports Taps NBA for Sports Betting Broadcasts
The NBA and Yahoo Sports have teamed up for a new brand of alternate sports betting broadcasts that began last Friday. New Sports Betting-Focused Broadcasts Comes to the NBA Yahoo Sports and the NBA have joined hands to produce betting-focused broadcasts, with the first episode taking place last Friday and featuring the game between the Memphis Grizzlies and Los Angeles Clippers. […]
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. […]