PointsBet Partners with Colorado University & NBC in Two Big Sports Betting Deals
PointsBet is making big moves in the world of online sports betting, upping their stakes as a premier gaming operator providing gambling around the globe. Most recently, they’ve secured deals with NBCUniversal and NBC Sports, as well as Colorado University’s Athletics Program according to ColoradoSharp.com. In the NBCUniversal deal, PointsBet will be partnering with NBC […]
DraftKings partners with Chicago Cubs for Illinois Sports Betting
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
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
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
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
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
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
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
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 […]