by Hasan Nabulsi | Oct 7, 2019 12:43 pm | Sports Betting
Flutter Entertainment Plc, owners of Paddy Power Betfair and FanDuel, will be purchasing The Stars Group in an all-stock deal for $6 billion. The Stars Group has partnerships with Eldorado Resorts, Fox Sports, and Penn National Gaming. The combined companies create...
by Michael Molter | Aug 12, 2019 2:48 pm | Revenue
Twin River Worldwide Holdings has over $383 million in cash and cash equivalents at the time of reporting. To end July, the company executed their capital return program, funded from cash on hand. Purchasing more casinos about the country, Twin River is operations in...
by Michael Molter | Aug 8, 2019 3:05 pm | Sports Betting
The companies will keep the Caesars name, after finalizing the terms of the merger in 2020. With a strong sports betting market share, Caesars will be able to capitalize on the online market. A spinoff online betting company is possible, creating an extra revenue...
by Hasan Nabulsi | Aug 7, 2019 11:58 am | Sports Betting
Net Income for Caesars increased by 4.9% while income from operations decreased 4.6% in Q2. Caesars Entertainment announced on June 24, 2019, that the company will merge with Eldorado Resorts. Caesars also plans to open sportsbooks in Iowa, Illinois, and Indiana. LAS...
by Michael Molter | Jul 22, 2019 12:07 pm | Sports Betting
The Pennsylvania Gaming Control Board (PGCB) approved Presque Isle’s sports betting license in February of this year. BetAmerica Sportsbook’s testing period will begin on Wednesday at 4 pm while the official launch will take place on Friday at noon. The eight active...
