Less than a month after a report that Boyd Gaming BYD was considering a buyout of casino and sports betting operator Penn Entertainment PENN, a new bidder has emerged. What Happened: FanDuel’s parent company, Flutter Entertainment FLUT, is considering teaming up with Boyd on a bid for Penn, according to TheDeal.com, citing unnamed sources. Boyd...
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Euro 2024: How To Watch, Betting Odds, England Attracts Bets, Cristiano Ronaldo To Go Out On Top? – Fox (NASDAQ:FOX)
Twenty-four of the best soccer teams (or football depending on where you’re reading this from) will participate in the Euro 2024 tournament — one of the most watched and bet on soccer competitions. Here’s a look at how to watch the matches, the betting odds, and the storylines that will pique your interest. How to...
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DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says – DraftKings (NASDAQ:DKNG)
Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target. The analyst noted DKNG as a leader in the emerging North American online gambling market, which is a $35 billion market opportunity. McTernan said the legislative environment overall supports greater market access, which is a win-win for consumers and states....
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2024 US Open: How To Watch, Betting Odds, Key Narratives Of Scottie Scheffler, Tiger Woods, Phil Mickelson And More – DraftKings (NASDAQ:DKNG), Comcast (NASDAQ:CMCSA)
The 2024 U.S. Open kicks off on Thursday with the betting favorite listed as Scottie Scheffler. Here’s a look at the betting odds and top storylines to watch. How to Watch 2024 U.S. Open: The 2024 U.S. Open is one of many major PGA Tour events to see options for viewers to watch on TV...
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EXCLUSIVE: In-Play Betting Revolutions Sports Betting Industry With ‘Improvements On All The Mobile Apps’
In Benzinga’s recent Sports Betting, Gaming & Esports: A Deep Dive virtual event, Chad Beynon, head of U.S. research and sell-side equity analyst at Macquarie, discussed how in-play betting is transforming the sports betting industry. Beynon explored how this real-time wagering option changes fan engagement and the broader market. The In-Play Betting Boom Beynon described...
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This Sports Betting Stock Is ‘Terrific,’ Jim Cramer Says – Accenture (NYSE:ACN)
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommends buying sports betting company DraftKings Inc. DKNG, proclaiming, “I think it’s terrific.” On May 2, DraftKings reported first-quarter revenue of $1.18 billion, up 53% year-over-year. The revenue total beat a Street consensus estimate of $1.12 billion, according to data from Benzinga Pro. The global online sports...
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Betr Picks Plans Multi-State Expansion ‘Ahead Of Upcoming NFL Season,’ CEO Says
Betr CEO Joey Levy was among the standout speakers at the Sports Betting, Gaming & Esports: A Deep Dive virtual event. Levy shared the company’s innovative strategies in sports betting and media, emphasizing their focus on simplicity and engagement. He spoke on the achievements of Better Picks, a fantasy sports product that has quickly gained...
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Unpacking The Future Of Sports Betting, Gaming, Esports
The Sports Betting, Gaming & Esports: A Deep Dive virtual event on May 16 at 11 am ET will bring together industry leaders to discuss these rapidly growing fields’ current and future state. This session will provide attendees a platform to hear from top professionals about the trends shaping these industries. The event will feature...
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Sports Betting Sector Could See Duopoly Or Oligopoly In Most States: Goldman Sachs Analyst Favors These 2 Stocks – DraftKings (NASDAQ:DKNG), Flutter Entertainment (NYSE:FLUT)
Goldman Sachs analyst Ben Andrews is out with a new report on the state of the sports betting sector. March online sports betting data points to the industry being softer, Andrews wrote, citing 7% year-over-year growth compared to 17% year-over-year growth in February. The key leaders in the industry include FanDuel, which is owned by...
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PENN Entertainment Shares Jump After ESPN Bet Named Official Sports Betting Sponsor Of PGA Championship – PENN Entertainment (NASDAQ:PENN)
PENN Entertainment PENN shares traded higher on Tuesday after the company announced a groundbreaking multiyear sports betting partnership between ESPN Bet and the PGA of America. ESPN Bet, developed by PENN Entertainment, will be designated as the “Official Sports Betting Sponsor” of the PGA Championship through 2026. What To Know: Tuesday’s pioneering agreement marks a...
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Penn Entertainment Focuses On ‘Where The Puck Has Been Rather Than Where It’s Going’: 5 Analysts Size Up Q1 Results, Sports Betting Segment – PENN Entertainment (NASDAQ:PENN)
Casino and sports betting company PENN Entertainment PENN reported first-quarter financial results that came in lower than analysts’ estimates. Here’s what analysts are saying after the report. Needham analyst Bernie McTernan has a Buy rating and lowers the price target from $32 to $26. JMP Securities analyst Jordan Bender has a Market Perform rating and...