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Morgan Stanley Lowers DraftKings Price Target and Q2 Estimates Due to Forecasts on Market Spending

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24 July

Morgan Stanley Lowers DraftKings Price Target and Q2 Estimates Due to Forecasts on Market Spending

By Liev Jackson Blog • No Comments

DraftKings (NASDAQ: DKNG) experienced a notable decline over the week, dropping nearly 7% despite a positive closure on Friday, largely attributed to cautious remarks from Morgan Stanley analyst Stephen Grambling….

24 July

VEGAS BETTING UPDATE: LeBron James 76ers Wagering Odds

By Liev Jackson Blog • No Comments

On July 24, LeBron James confirmed his signing with the Philadelphia 76ers as a free agent, entering into a two-year contract worth $8 million, including a player option, according to…

24 July

Novig Submits Registration to CFTC for Numerous Sports Event Contracts

By Liev Jackson Blog • No Comments

Novig has submitted plans to the Commodity Futures Trading Commission (CFTC) to launch a variety of sports event contracts, suggesting that the company is on the verge of making these…

24 July

Maryland Man’s Kind Act Nearly Cost Him $50,000

By Liev Jackson Blog • No Comments

A man from Maryland, who recently claimed a $50,000 lottery prize, revealed he almost gifted the winning scratch-off ticket to a friend. John Hamilton, a Maryland resident, proudly displays his…

24 July

Illegal Betting Ring Breached 20 African Government Websites to Enhance Google Rankings

By Liev Jackson Blog • No Comments

An online gambling network, thought to be based in Indonesia, is accused of embedding casino pages within government websites across various African nations to enhance its visibility in Google search…

24 July

Netflix to Launch Documentary on Prediction Markets

By Liev Jackson Blog • No Comments

The newest episode of Netflix’s rapid-release documentary series, Instadocs, explores one of the most thrilling aspects of contemporary online betting: prediction markets. A promotional image for the upcoming episode of…

24 July

Bain: Boyd ‘Possesses Advantage’ for ‘Strategic Acquisitions’

By Liev Jackson Blog • No Comments

Boyd Gaming (NYSE: BYD) released its financial results for the second quarter late Thursday. Although company executives refrained from making extensive comments regarding mergers and acquisitions (M&A), market analysts are…

24 July

League of Legends Legend Faker Enlists in South Korean Police Force

By Liev Jackson Blog • No Comments

Faker, often hailed as the best League of Legends player in gaming history, has partnered with the Korean National Police Agency (KNPA) to aid in their initiative against youth gambling….

24 July

Las Vegas Union Applauds Legislation to Prohibit Sports Betting Markets

By Liev Jackson Blog • No Comments

The largest labor union in Las Vegas is backing a congressional initiative aimed at halting prediction markets from facilitating trades associated with sports and similar events, which critics label as…

24 July

High-Profit World Cup Drives Kambi’s Growth in Q2

By Liev Jackson Blog • No Comments

The sports wagering company Kambi Group has celebrated impressive margins during the World Cup, revealing robust second-quarter results as CEO Werner Becher announced that the firm has “turned a corner…

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