Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Sports Betting"


25 mentions found


Barclays has crowned DraftKings as a stock worth buying. Analyst Brandt Montour upgraded the sports betting stock to overweight from equal weight and upped his price target by $9 to $50. That comes as sports betting shows "staying power" in the everyday life of American sports viewers, he added. Meanwhile, he said the 30% market share of DraftKings' online sports betting business should be defensible. And it's part of the reason why the company has been able to surpass Wall Street expectations and raise forward guidance over recent quarters.
Persons: Brandt Montour, Montour, DraftKings Organizations: Barclays, DraftKings
Here are Friday's biggest calls on Wall Street: UBS double-downgrades Rivian The firm said to sell the electric vehicle maker's stock, joining a growing group of concerned analysts following the company's earnings report. Raymond James upgrades Carvana The investment bank moved Carvana to market perform from underperform following the fourth-quarter earnings results. Guggenheim initiates Pfizer The firm opened coverage of the biopharmaceutical stock with a buy rating and $36 price target. " Rosenblatt initiates Adeia The firm began coverage with a buy rating and $15 price target. Roth MKM initiates CPI Card Group Roth MKM started coverage of the financial technology stock with a buy rating and $40 price target.
Persons: Ross, ROST, Raymond James, EBITDA, 4Q23, Guggenheim, ATNI, Morgan Stanley, Brighthouse, Rosenblatt, Roth MKM, Fred Imbert Organizations: UBS, Barclays, CNBC, Citi, Fox, JV, Ross, Price, Pfizer, DRG, Equitable, JPMorgan, Traction, JPMorgan downgrades Locations: 1Q24, Xperi, 4Q22
Discovery — Shares dropped 10% after the media conglomerate posted disappointing fourth-quarter results and failed to give 2024 free cash flow guidance. Discovery reported a loss of 16 cents per share on revenue of $10.28 billion. Analysts polled by LSEG, formerly known as Refinitiv, had expected a per-share loss of 7 cents on revenue of $10.35 billion. Carvana — Shares of the used car marketplace jumped 34% after the struggling company posted its first-ever annual profit. Insulet — Shares slipped 4.5% after the company reported a disappointing revenue forecast for the first quarter.
Persons: DraftKings, Rivian, Bloomin, overshadowing, Nio, LSEG, Carvana, William Blair, Raymond James, Nextdoor, Nirav Tolia, Insulet, FactSet, EOG, , Alex Harring, Samantha Subin, Brian Evans, Lisa Kailai Han, Jesse Pound, Michelle Fox, Sarah Min Organizations: Warner Bros, , Discovery, LSEG, Barclays, UBS, Holdings, EV, JPMorgan Locations: U.S
Apple just launched a new app
  + stars: | 2024-02-21 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
The app allows users to stay up to date on game scores and live sports betting odds. So far, Apple Sports has scores from the NBA, NCAA, and more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Wednesday, the tech giant launched Apple Sports — a free app where users can check game scores for an array of sports leagues. Where applicable, Apple Sports users can press an Apple TV button to be taken to a stream of the game they're keeping track of.
Persons: , Eddy, Apple's Organizations: Apple Sports, NBA, NCAA, Service, Apple, Services, Duke, CNBC, they're, MLS, NHL Bundesliga, Liga, Ligue, League Serie, NFL, MLB, WNBA
As the market seesaws, Wolfe Research is eyeing stocks where it thinks downward pressure is building. But no matter which way the market heads from here, Wolfe thinks there are some stocks that could make for profitable short selling targets. Tesla has the second-most mentions among Wolfe's short interest screens with six, trailing Walgreens , which has seven. The stock's short interest hovers around 16% of float, and it appears on seven of Wolfe's short screens. DraftKings now appears on four of Wolfe's short screens, up from three in the month prior.
Persons: Wolfe, Tesla, DraftKings Organizations: Wolfe Research, Reserve, Dow Jones Industrial, Walgreens, LSEG, Hasbro, Moderna Locations: chug
That is why the casinos consider their core business to be money won from in-person gamblers. The in-person total continues to decline, still lagging the levels seen before the COVID19 pandemic began in early 2020. Golden Nugget won $63.5 million, up over 23%; Hard Rock won $51.5 million, up 19%; Ocean won $39.1 million, up more than 13%, and Tropicana won $26.1 million, up 4.5%. Bally's won $18.9 million, up 15.3%; Harrah's won $16.5 million, down 17.5%; Caesars won $15.1 million, down 7.6%; and Resorts won $10.8 million, down less than 1%. Golden Nugget won $11.2 million from in-person gamblers, up 2.3%; Resorts won $10.9 million, down 1.4%; and Bally's won $10 million, down nearly 13%.
Persons: Jane Bokunewicz, Lloyd Levenson, , , James Plousis, Bally's, Harrah's, Borgata, Ocean, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic, Stockton University, Atlantic City, New Jersey Casino Control, Meadowlands, Jersey Shore, Freehold Raceway, Golden Nugget, Ocean, Tropicana, Caesars, Resorts, Resorts Digital, Caesars Interactive Locations: N.J, New Jersey, East Rutherford, New York City, Monmouth, Oceanport, Jersey, www.twitter.com
Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. The company also announced plans for a $250 million share repurchase, and said it planned to lay off 550 employees . Trade Desk — Shares skyrocketed more than 18% after the company beat revenue estimates in the fourth-quarter and issued higher-than-expected first-quarter guidance. DoorDash reported a loss of 39 cents per share while analysts polled by LSEG called for a 16-cents loss.
Persons: Ingersoll Rand, Ingersoll, Vulcan, FactSet, Roku, DraftKings, DoorDash, LSEG, Coinbase, Wells, Raymond James, Wayfair, Sarah Min, Michelle Fox, Jesse Pound, Alex Harring Organizations: Wall, FactSet, Vulcan, LSEG, Revenue, Bank of America Locations: Wells Fargo
DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. For the last three months of 2023, DraftKings reported a net loss of $44.6 million compared with $242.7 million in the same period a year earlier. Losses per share improved to a loss of 10 cents versus a loss of 53 cents in 2022. DraftKings garnered 3.5 million average "monthly unique payers," a 37% increase from the same period in 2022. For 2024, the company is increasing its fiscal year guidance to between $410 million and $510 million compared to its prior guidance of between $350 million and $450 million.
Persons: DraftKings Organizations: LSEG Locations: Maine and Vermont
Although revenue rose 27% to $2.3 billion, outpacing LSEG estimates, the loss of 39 cents per share was wider than expected. First-quarter earnings per share of $2.13, excluding items, bested estimates of $1.90 per share, from LSEG. Revenue came in slightly below analysts' estimates at $1.23 billion, versus $1.24 billion expected. Yelp — Shares dropped about10% after the website's first-quarter guidance for both adjusted EBITDA and revenue missed analysts' estimates. Bio Rad Laboratories — The life science equipment company's fourth-quarter earnings per share exceeded analysts' consensus estimates, FactSet said.
Persons: , Yelp, FactSet, Macheel, Scott Schnipper Organizations: Revenue, Texas, Rad Locations: LSEG, FactSet . Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe history of sports betting: Sports gaming pioneer on changing views over the yearsJay Cohen, World Sports Exchange founder and former president, joins 'Squawk Box' to discuss the shifting views on sports betting over the years, how he pioneered online sports gambling in the late 1990s in Antigua, what he thinks of the industry today, and more.
Persons: Jay Cohen Organizations: Sports, World Sports Exchange Locations: Antigua
ATLANTIC CITY, N.J. (AP) — With this year's Super Bowl being played in Las Vegas, the nation's gambling capital, there was little doubt that betting on the big game would be huge. The 2023 Super Bowl between the Chiefs and the Philadelphia Eagles brought in $153.1 million worth of bets. In Pennsylvania, $71.5 million was wagered on the Super Bowl, down 15% from last year's Super Bowl, in which the Philadelphia Eagles lost to the Chiefs. Other states with big sports betting markets, including New York and Illinois, had yet to report betting levels for this year's Super Bowl as of Wednesday evening. Maine, which offered Super Bowl gambling for the first time, saw about $3.5 million wagered online, according to an estimate from the state's Gambling Control Unit.
Persons: sportsbooks, “ We’re, Chris Bevilacqua, ” BetMGM, Wayne Parry Organizations: CITY, Kansas City Chiefs, San Francisco 49ers, Nevada Gaming Control Board, Los Angeles Rams, Cincinnati Bengals, Chiefs, Philadelphia Eagles, Atlantic City, Super, of Gaming Enforcement, NFL Locations: N.J, Las Vegas, New Jersey, Pennsylvania, New York, Illinois, Maine, bettors, www.twitter.com
ESPN Bet is coming to the Big Apple. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting license in 2021. Penn was not — and it has missed out on the action from the nation's largest sports betting market. But Eilers & Krejcik estimated ESPN Bet came away with 8% market share when it launched in November, good enough to take a third-place position. Now, if New York gaming regulators sign off on the license transfer to Penn, ESPN Bet could provide new and potentially formidable competition in the nation's biggest sports betting market.
Persons: Wynn, Penn, Dave Portnoy, Portnoy, FanDuel, Shaun Kelley, Taylor Swift, Travis Kelce Organizations: ESPN Bet, Big Apple, Penn Entertainment, Wynn Resorts, Wynn Interactive, New, New York, Gaming Commission, ESPN, National Football League, Caesars, Krejcik, Bank of America, NFL, Kansas City Chiefs, Penn, CNBC PRO Locations: New York, Pennsylvania, BetMGM
Every Super Bowl Sunday, thousands of gamblers head to the Grand Sierra Resort and Casino, the largest of its kind in northern Nevada, to bet on the big game and party with fellow football fans. High rollers dine on all-you-can-eat buffets and the champagne flows in V.I.P. Some of the fans considered traveling to Las Vegas, where the Super Bowl was played for the first time this year. But they did not want to battle the crowds only to pay daunting prices for hotels and meals. Reno may lack the buzz of Las Vegas, they said, but the self-proclaimed Biggest Little City in the World had the benefit of being affordable and convenient, roughly a four-hour drive from the Bay Area.
Persons: William Hill Sportsbook Organizations: Sunday, Grand Sierra, Bowl, San Francisco 49ers, Little City Locations: Nevada, V.I.P, California, Las Vegas, Reno, Vegas, Bay
States require a gambler to be physically located within their borders in order to make online bets. Throughout Super Bowl weekend, GeoComply saw a total of 8.5 million active accounts, up 15% from last year's Super Bowl. “It was a bad Super Bowl for the sportsbook," said Tristan Davis, a senior trader at BetMGM. DraftKings would not release figures Monday about its performance during the Super Bowl. Several sportsbooks also issued odds for next year's Super Bowl winner, with the 49ers slightly ahead of the Chiefs.
Persons: Anna Sainsbury, GeoComply, Sportsbooks, Craig Mucklow, Travis Kelce, Isiah Pacheco, Deebo Samuel, Brandon Aiyuk, Tristan Davis, bettors, FanDuel, sportsbooks, Wayne Parry Organizations: CITY, , Super Bowl, U.S, The Kansas City Chiefs, San Francisco 49ers, NFL, Super, Chiefs, 49ers, Caesars Sportsbook, Caesars, Associated Press Locations: N.J, Florida, U.S, Las Vegas, Vancouver, Canada, The, BetMGM
A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Super Bowl 58 kicks off at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers. Even as linear ad revenue slips, companies know there's no opportunity guaranteed to reach more people than the Super Bowl. — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson and Jordan Novet contributed to CNBC's Super Bowl coverage.
Persons: Bob Iger, Jason Momoa, Quinta Brunson, Jenna Ortega, Tina Fey, Kate McKinnon, Pete Davidson, Addison Rae, Usher, — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson, Jordan Novet Organizations: NFL, Super, AFC, Kansas City Chiefs, NFC, San Francisco 49ers, Disney, CBS Locations: Las Vegas , Nevada, Las Vegas, U.S
Why the NFL went all in on sports gambling
  + stars: | 2024-02-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
On Sunday, the NFL will hold its first Super Bowl in Las Vegas, a city built on gambling. Even in 2003, gambling was as much a part of the NFL as tailgating, helmets and shoulder pads. Yet the change in the league’s relationship with sports gambling couldn’t be more obvious as it prepares for its first Super Bowl in Sin City. That direct spending is only part of the way the NFL has learned to profit from legalized gambling. The column came four years before the Supreme Court opened the door for legal sports gambling.
Persons: , Victor Matheson, ” Matheson, Jeff Miller, Bud, Miller, , Andrew Zimbalist, ” Zimbalist, Adam Silver, it’s, Zimbalist, ” CNN’s Alicia Wallace Organizations: New, New York CNN, National Football League, Super, Las Vegas Convention, Visitors Authority, NFL, College of, Gambling, Sports, Super Bowl, Caesars Entertainment, American Gaming Association, Smith College, New York Times, NBA, of Columbia Locations: New York, Las Vegas, Sin City, Nevada, , California, Texas
Read previewSports betting companies are set to score big at this weekend's Super Bowl, with DraftKings and FanDuel leading the rush, Bank of America said in a Friday note. Sunday's game will see the Kansas City Chiefs play against the San Francisco 49ers, paving the way for blowout betting activity. DraftKings and FanDuel stand to benefit the most from this weekend of big betting, BofA equity strategists led by Shaun Kelley wrote. AdvertisementSports betting industry players are also positioned to benefit from the expected attendance of Taylor Swift, whose presence may kick betting activity into a higher gear, BofA wrote. Some examples of these proposition bets — wagers not tied to the game's outcome — include DraftKings' "how you get the girl," where Kelce scores a touchdown in each half.
Persons: , FanDuel, Shaun Kelley, Kelley, Taylor Swift, BofA, Travis Kelce's, Swift, FanDuel isn't, Goldman Sachs, it's, Research Ben Andrews, Jim Chanos Organizations: Service, Bank of America, Kansas City Chiefs, San Francisco 49ers, Business, 49ers, Chiefs, NYSE, Leisure, Research
Las Vegas hopes to hit the jackpot with the Super Bowl
  + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +10 min
CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.
Persons: they’ve, Steve Hill, ” Hill, , Hill, We’re, , Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, , Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacquarie Capital expects over $1.5 billion to be wagered on Super Bowl LVIIIChad Beynon of Macquarie Capital shares his predictions that Super Bowl LVIII will have on the sports betting industry.
Persons: Chad Beynon Organizations: Macquarie Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel CEO Amy Howe on Super Bowl 58, sports betting market and Taylor Swift impactCNBC’s Contessa Brewer and FanDuel CEO Amy Howe join 'Squawk Box' to discuss the sports betting market ahead of this weekend's Super Bowl, impact on Taylor Swift, competition in the sports betting industry, and more.
Persons: Amy Howe, Taylor Swift, Contessa Brewer Organizations: Super
Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.
Persons: , Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S
The history of Las Vegas has been marked by a relentless churn of hotels, casinos, theaters and restaurants. The Golden Knights of the National Hockey League were the first to start play here in 2017. The Aces of the Women’s National Basketball Association started in 2018, and the National Football League’s Raiders arrived from Oakland in 2020. Last year, Major League Baseball’s Athletics were given the go-ahead to make the same Oakland-to-Las Vegas move, and the National Basketball Association is expected to add a team in the coming years. Las Vegas’s transformation into a pro sports town reflects not just the leagues’ interest in the city and their general embrace of sports betting, but also the power of the region’s primary economic driver, tourism.
Organizations: Golden Knights, National Hockey League, Aces, National Basketball Association, National Football League’s Raiders, Major League Baseball’s Athletics, Allegiant, Raiders, Kansas City Chiefs, San Francisco 49ers Locations: Vegas, Oakland, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCirca Resort & Casino CEO on sports betting, Super Bowl 58 and costs of labor dealsCNBC’s Contessa Brewer with Circa Resort & Casino CEO Derek Stevens joins 'Power Lunch' to discuss betting on the Super Bowl and sports gambling.
Persons: Contessa Brewer, Derek Stevens Organizations: Casino, Super Bowl
LAS VEGAS (AP) — Las Vegas proposed to the NFL in December 2021. “Let’s just marry these brands, and let’s bring the Super Bowl here,” Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, recalled telling a room of NFL franchise owners. The betrothal culminates Sunday in a not-so-intimate ceremony at Allegiant Stadium, where the city will host its first-ever Super Bowl. He isn’t alone in his excitement: Parking spots for private jets in and around Las Vegas have all been spoken for. Strolling across that span after a major event like the Super Bowl makes for a memory that can't be recreated, Naft said.
Persons: “ Let’s, let’s, Steve Hill, Elvis Presley impersonators, Vince Lombardi, , Seth Kaplan, Kaplan, Guy Fieri, Jeff Frederick, isn’t, , Michael Naft, Mark Davis, Naft, Ty O'Neil Organizations: LAS VEGAS, NFL, Las Vegas Convention, Visitors Authority, Vegas, San Francisco 49ers, Kansas City Chiefs, Maxim, Royale, Resorts, Chapel, Bellagio, Aria, MGM Resorts International, , Las Vegas Raiders, Super Locations: Las Vegas, Bellagio, Australia, Clark, Vegas, Nevada
Alabama is one of few states without a state lottery, after lawmakers in 1999 rejected a proposal to allow one. The gambling bill, now backed by Republican Gov. Supporters pitched the bill as a means to crack down on small electronic gambling machines that have cropped up in convenience stores and small gambling halls. The controversial bill to enact absentee ballot restrictions would make it a misdemeanor to deliver someone else's absentee completed ballot or distribute an absentee ballot application prefilled with someone else's name. Supporters say the change is needed to combat voter fraud, but opponents say it would discourage voting by absentee ballot.
Persons: , Andy Whitt, Kay Ivey, Chris Blackshear, Republican Sen, Garlan Gudger, Gudger, Tari Williams, Sen, Linda Coleman Madison Organizations: Alabama, Republican, Republican Gov, Democratic, ” Republican, Indians, Poarch, Confederate Locations: MONTGOMERY, Ala, . Alabama, Mississippi, Alabama, Tennessee, Georgia, Birmingham
Total: 25