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Earlier this month, DraftKings held an investors day to discuss the company’s market potential as it relates to future growth. Previously known for its market dominance in the daily fantasy sports industry, DraftKings has quickly grown to become a major player in the US sports betting industry as well. The initial reaction to the presentation…

Casino gambling is coming to the Windy City. However, only one gaming company will have the chance to profit from a brand new Chicago casino hotel and resort. In 2019, Illinois Gov. JB Pritzker signed legislation that issued one Integrated Resort gaming license for the city of Chicago. That same law added five additional gaming…

The highly popular Barstool Sportsbook app is doing extremely well in limited markets such as Pennsylvania and Michigan where it is available for download. This sports betting app is the result of an equity partnership between Penn National Gaming and the digital media property Barstool Sports. Just in time for March Madness and the annual…

Watching sports while betting on the games go hand-in-hand with die-hard fans looking to add even more excitement to the action on the field, court or ice. That is why a new strategic partnership between BetMGM and Buffalo Wild Wings should be a smash hit where available. Earlier this month, BetMGM announced that it will…

Australian-based sportsbook operator PointsBet is raising the stakes in the US sports betting market. It has recently announced the purchase of Banach Technology for $43 million. The company will pay 55 percent of the purchase price in cash. The remaining 45 percent will be covered by issuing 1.75 million shares of PointsBet stock. This acquisition…

Las Vegas casino operator Derek Stevens has become the stuff of legends in the sports betting world. Ahead of the men’s basketball NCAA Tournament in both 2017 and 2018, he bet $11,000 on each of the tournament’s 32 first round games. He also bet big on sports in general when he opened Circa Resort &…