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Sports Betting Launching Soon In 3 States, On The November Ballot In 3 More
Thursday, October 22, 2020 - 5:09pm | 781Read More...Further sports betting legalization and launches in additional states represents a major catalyst for a sector that has posted solid returns in 2020. The Next States To Launch: BofA Securities analyst Shaun Kelley shared takeaways in a note from a conversation with Chris Grove and...
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Barstool Sportsbook Pennsylvania Launch Powers State To Record In September
Friday, October 16, 2020 - 4:15pm | 376Read More...The state of Pennsylvania set a new monthly record for sports betting handle, powered by the launch of a new popular brand in September. What Happened: Pennsylvania saw $463 million in sports betting handle in September. This beat the record of $365 set a month prior. Online sports betting made up...
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New Jersey Sets Monthly State Sports Betting Record With $748.6M
Thursday, October 15, 2020 - 5:35pm | 630Read More...The state of New Jersey set a new monthly record for all states with $748.6 million in September sports betting wagers. September Record: The total is up 68% year over year and passes the $668 million total from August, which was a monthly record at the time. Through the first nine months of the...
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SiriusXM Likely Keeping Howard Stern, Could Lose Portnoy, Barstool Sports
Wednesday, October 7, 2020 - 10:41am | 665Read More...SiriusXM lured Howard Stern away from terrestrial radio in 2005. The shock jock has been a staple of the company for the last 15 years; his contract expires in December. Howard Stern Renewal: SiriusXM Holdings (NASDAQ: SIRI) is close to a renewal deal with Howard Stern, according to Bloomberg...
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Sports Betting Apps Have Low Awareness Despite Large Advertising Spend: Survey
Tuesday, October 6, 2020 - 3:25pm | 681Read More...A survey from Civic Science shows low brand awareness for sports betting apps despite national advertising campaigns. What Happened: The survey from Civic Science shows that sports betting apps from FanDuel, DraftKings Inc (NASDAQ: DKNG) and Penn National Gaming’s (NASDAQ: PENN) Barstool...
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Gan Shares Surge On Sports Betting, iGaming Partnership With Wynn In Michigan
Monday, October 5, 2020 - 9:01am | 362Read More...Shares of GAN Limited (NASDAQ: GAN) are higher Monday after announcing a partnership in the state of Michigan. What Happened: Gan announced a 10-year partnership with Wynn Resorts (NASDAQ: WYNN) to be the enterprise software platform for its online sports betting and iGaming...
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FanDuel Passed On Buying Barstool Sports Before Penn National, Portnoy Says
Wednesday, September 30, 2020 - 4:54pm | 654Read More...Barstool Sports founder Dave Portnoy said on a recent podcast that his company could have been purchased by someone other than Penn National Gaming. What Happened: Portnoy revealed on the "Pomp" podcast with Anthony Pompliano last week that Barstool promoted itself to other betting...
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Analyst Bullish On Penn National Despite Offering: 'Initial Barstool Data Strong'
Monday, September 28, 2020 - 2:00pm | 392Read More...Penn National Gaming, Inc (NASDAQ: PENN) shares are up 281.9% in the past year, but they have struggled in the last week following the company’s $854 million equity offering last week. On Monday, one analyst said investors shouldn’t sweat the offering given positive initial data on the...
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Dave Portnoy Shares Thoughts On Penn Stock Offering, Barstool App Figures
Thursday, September 24, 2020 - 3:15pm | 443Read More...The Barstool Sports founder took to Twitter to share his anger over the company’s stock offering. What Happened: Penn National Gaming (NASDAQ: PENN) announced plans to sell 14 million shares in an offering to potentially raise over $1 billion, causing shares to fall. Buried in the...
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Barstool Sportsbook Downloads Outpace DraftKings, FanDuel At Launch
Monday, September 21, 2020 - 12:08pm | 488Read More...BofA Securities is out with an early, positive reaction to the Barstool Sportsbook app after its opening weekend in Pennsylvania. The Penn National Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming (NASDAQ: PENN) and raised the price target from $59.75 to $85....
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BofA: Key Takeaways From DraftKings, Penn National, Hilton At Gaming And Lodging Conference
Saturday, September 19, 2020 - 9:28am | 530Read More...The 11th annual Gaming & Lodging Conference from Bank of America hosted ten companies. A look at the highlights from DraftKings Inc (NASDAQ: DKNG), Penn National Gaming (NASDAQ: PENN), and Hilton Worldwide Holdings Inc (NYSE: HLT). Bank of America analyst Sarah C. Kelley shared takeaways...
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Barstool Sportsbook Optimism Powers Penn National To 52-Week High
Thursday, September 17, 2020 - 3:00pm | 694Read More...Shares of Penn National Gaming (NASDAQ: PENN) hit new 52-week highs Thursday ahead of the company's Sept. 18 launch of the Barstool Sportsbook in Pennsylvania. What Happened: Optimism for Penn National Gaming and its partial ownership and partnership in Barstool Sports continues to...
