MSG Arranges Discount Buy of TV Network in Sports Betting Play
Two of the publicly traded Madison Square Garden businesses are merging in a move driven by the expansion of sports betting, according to the company. Madison Square…
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DraftKings Has $1.8 Billion in Cash. It’s Raising Another Billion
DraftKings is raising $1 billion through convertible notes, money that the company plans to use for operations and possible acquisitions. DraftKings is already flush…
Sports Stocks Beat Market in February on Canada Betting and Fan Return
Sports stocks outpaced the broad stock market for the fourth month running as investors continued to wager that sports betting will expand in North America and that fans…
Adidas Confirms Reebok Will Be Sold Soon
Adidas is ready to part ways with Reebok. The German athletic powerhouse announced today that it has finished its “assessment of strategic alternatives for Reebok”…
Amazon’s March Into Sports Continues with NHL AWS Data Deal
Amazon Web Services and the NHL announced a deal Wednesday that will give the league access to AWS’ cloud hosting and data analysis…
NHL Takes Equity in PointsBet as Part of Betting Partnership
The National Hockey League is taking equity in PointsBet, part of a wider deal that will make the gambling operator an official betting partner of the league. Under the…
Knicks, Rangers Revenue Plunges Though Betting and Private Equity Offer Hope
The absence of games and fans as a result of the pandemic caused Madison Square Garden Sports revenues to plunge 90% in the second quarter, while net income swung to a…
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Sports Stocks Outpace Market in January as Betting Holds Investor Optimism
Sports stocks notched an impressive gain in a volatile January, as investor appetite for sports betting powered the JohnWallStreet Sports Stock Index to close at 1,503…
Sports Betting Stocks Jump As Google Removes Play Store Ban
Sports gambling stocks DraftKings and Penn National both rose on Thursday afternoon after Google announced that it would allow real-money gaming apps onto the Google…
How GameStop, Bernie Madoff, and Dave Portnoy Have Mets Fans Panicked
Less than a decade after the Bernie Madoff scam roped in the Wilpons and supposedly handcuffed the New York Mets payroll as a result, the team’s fans are panicking that…
Genius SPAC Shares Surge as Analyst Sees 30% Share of Betting Boom
Shares of the SPAC buying Genius Sports surged Wednesday, as a bullish analyst report from Craig-Hallum Capital Group said the sports data and technology firm’s market…
Genius Sports Projects 26% Revenue Growth in First U.S. Filing
Genius Sports, a data firm that works with leagues, media companies and sportsbooks around the world, generated $102.7 million in revenue in the first three quarters of…
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