Category: Internet gaming
Evolution’s Anonymous Accuser to Be Named in Libel Case
A New Jersey Superior Court judge has ordered that the authors of a notorious anonymous report that wiped $3 billion off the market cap of gaming software giant Evolution AB should be named. Evolution claims it was defamed by a shadowy competitor whose identity will be revealed before the end of this week. Watch this […]
Penn Entertainment Warns 2026 Could Bring End of ESPN Bet
ESPN Bet could be on borrowed time There’s a three-year out clause in contract between Penn and Disney Penn Entertainment’s (NASDAQ: PENN) ESPN Bet unit could be on the chopping block next year if the online sportsbook doesn’t garner more momentum between now and the end of 2026. The ESPN Bet logo. Parent company Penn […]
PointsBet Board Accepts US$220 Million Takeover Bid
Company had also received competing bid from BlueBet Deal comes as PointsBet issues H1 FY 2025 report Total net win in Canada (sportsbetting and igaming) up 18% PointsBet’s board has announced the company is accepting a takeover bid by Japanese consumer technology company MIXI Inc., the same week it released financial results for the first […]
Rush Street Interactive ‘Attractive’ Online Gaming Play, Says analyst
Stock plunged today despite Q4 earnings beat, rosy guidance Canada, Latin America contribute to bull case Despite a fourth-quarter results that soundly beat estimates and the lifting of 2025 revenue guidance, shares of Rush Street Interactive (NYSE: RSI) plunged 15.26% today on volume that was more than triple the daily average. A Rush Street Interactive […]
New Jersey Gaming Taxes Could Increase Should Gov. Phil Murphy Get His Way
New Jersey iGaming and online sportsbook taxes could go up Gov. Phil Murphy has proposed a record spending plan New Jersey taxes iGaming and online sports betting less than Pennsylvania New Jersey is home to one of the richest iGaming and sports betting markets in the United States. The state’s governor wants a bigger piece […]
Pennsylvania Gaming Industry Starts 2025 Strong After Record 2024
Pennsylvania gaming revenue reached a record high of $6.13 billion last year The state gaming industry kept the rally going in January 2025 iGaming continues to fuel the expansion Pennsylvania gaming revenue started 2025 where it left off 2024 — strong. The Valley Forge Casino Resort and its Stardust Tower are seen in November 2023. […]
DraftKings Lands Junk Credit Rating from Fitch
Fitch’s first rating on DraftKings is one level into the junk tier Rating comes after company said it’s trying to land a $500M term loan DraftKings’ (NASDAQ: DKNG) first report card from Fitch Ratings is in, with the ratings agency applying a junk grade to the online sportsbook giant. A DraftKings logo. Fitch Ratings graded […]
Three Entain Execs Quit in Nine Days as AUSTRAC Case Looms
Entain Australia Deputy CEO and CFO Lachlan Fitt, and Entain NZ director Cameron Rodger quit Entain Global CEO Gavin Isaacs left last week Company faces civil lawsuit from Australian Financial Intelligence Agency alleging AML failings It’s been one week since Entain Global CEO Gavin Isaacs left the company “by mutual consent” after just five months […]
DraftKings Best Play on US Online Gaming Market Says Chad Beynon
DraftKings top domestic large-cap internet gaming stock, says Macquarie Favorable demographics, cash flow support bull case Even with Tuesday’s pullback, DraftKings (NASDAQ: DKNG) stock is on a scintillating run, having surged 29.41% over the past month. At least one analyst believes the name is the best way to tap into the US internet betting space. […]
