DraftKings partners with Chicago Cubs for Illinois Sports Betting

September 8, 2020 | By: Jane Block

The Chicago Cubs and DraftKings Inc. have announced that they have partnered up to place DraftKings as the official daily fantasy and sports betting partner for this favorite major league baseball team. The deal runs through multiple years and involves a proposal to offer an innovative sportsbook at Wrigley Field, with electronic access obtainable in […]

Investor Concerns About Penn National Debt In Volatile Environment

May 27, 2020 | By: Brian Carlton

In an industry facing extreme stock market volatility due to the effect of COVID-19, Penn National Gaming is beating the odds. Should the level of Penn National debt cause investors, and players, to be concerned? Penn National Volatility As part of its first-quarter earnings call on May 7, Penn National announced it had $2.89 billion […]

Federal Reserve Report Sends Casino Stocks Plunging

May 16, 2020 | By: Brian Carlton

Wednesday saw casino stocks in steep decline for the second time this year, this time on warnings from the Federal Reserve. Economists warn that COVID-19 did more than affect peoples’ health. It also changed their mindset about traveling and spending money. Should we expect to see continued market volatility for gaming companies? Until people feel […]

Nevada Gaming Control Board Sets Guidelines For Vegas Reopening

May 8, 2020 | By: Brian Carlton

In order for Las Vegas casinos to reopen, they must follow the Nevada Gaming Commission’s requirements. Stakeholders issued plans and guidelines to set the new normal for casinos during the anticipated Vegas reopening. On May 7, the commission adopted a plan that detailed the steps companies must take in order to reopen, once it’s allowed. […]

SBA Reverses Course – Payroll Protection Program Is Open To Gaming Companies

May 4, 2020 | By: Brian Carlton

The gaming industry received a reprieve last week, as small casinos will now be able to apply for the Payroll Protection Program. On April 28, the federal Small Business Administration reversed course on an earlier decision that blocked any gaming operations from applying for federal aid. The revised guidelines, which were originally approved April 24 […]

How to Start Betting at Colorado Sportsbooks in 3 Easy Steps

May 2, 2020 | By: Jane Block

On May 1st Colorado joined New Jersey, Nevada, Delaware, Indiana West Virginia, and Pennsylvania making sports betting legal throughout the state. While sports betting strategy remains relatively consistent no matter what state you’re in, getting started or finding an online sportsbook varies state-to-state. Below we cover everything you need to know about how to start […]

Will Casino Stocks Rebound And Provide Investment Potential In A Post-Covid World

April 20, 2020 | By: Brian Carlton

Casino stocks crashed in March in a COVID-19 induced panic. As tourism businesses worldwide come to a standstill, will casino stocks rebound? Will retail casinos provide local tourism and entertainment opportunities in a post-COVID world? Q1 Casino Stock Volatility At the end of Q1, several casino industry stocks dropped as a result of COVID-19 news. Shares […]

Governor Northam Presses Pause On Virginia Casino Approval Bill

April 17, 2020 | By: Brian Carlton

In March, Virginia’s General Assembly took a step forward on the Virginia casino approval bill. The Virginia governor stepped in, causing confusion and delay. State Senate Bill 36 gave five cities the opportunity to hold a public referendum this November. The referendum would let their citizens decide if a casino should operate nearby. The cities […]