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Penn Entertainment Stock Is Dropping. The Costs for ESPN BET Might Be Why.

Penn Entertainment stock fell after the gambling and esports company posted a wider-than-expected loss amid the launch of its new sports betting platform,...

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DraftKings (NASDAQ:DKNG) Reports Sales Below Analyst Estimates In Q4 Earnings

Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of analysts' expectations in Q4 FY2023, with revenue up 43.9% year on year to $1.23 billion. On the other hand, the company's full-year revenue guidance of $4.78 billion at the midpoint came in 2.3% above analysts' estimates. It made a non-GAAP profit of $0.29 per share, improving from its loss of $0.17 per share in the same quarter last year.

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DraftKings Posts 4Q Loss as Revenue Surges

By Ben Glickman DraftKings posted a loss in the fourth quarter when Wall Street was expecting profit, despite revenue surging nearly 50%. The Boston-based...

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Coinbase, DraftKings, Deere, Coca-Cola, Cisco, and More Stocks to Watch This Week

This week will also include results from AIG, Marriott, Kraft Heinz, and many more companies. We’ll also see the latest consumer price index, producer price...

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Super Bowl fever: Michiganders set new record for online sports bets

It's the busiest weekend of the year for millions of gamblers testing their luck at casinos nationwide.With Super Bowl Sunday right around the corner, online sp

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The Bull Market Rolls On as the S&P 500 Breaks Through 5000

Bull markets, John Templeton observed, “are born on pessimism, grow on skepticism, mature on optimism, and die of euphoria.” It would appear that this market...

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Chief Legal Officer R Dodge Sells 686,101 Shares of DraftKings Inc

R Dodge, Chief Legal Officer of DraftKings Inc (NASDAQ:DKNG), executed a sale of 686,101 shares in the company on February 8, 2024, according to a recent SEC Filing.

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Here's How Much People Are Betting on the Super Bowl. Thank the 'Taylor Swift Effect.'

The American gaming Association expects total spend on bets related to the Super Bowl to hit $1.5 billion this year—up 35% from 2023’s record figure.

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Online Betting Will Push Super Bowl LVIII Audience To New Record

An estimated 68 million Americans are expected to wager more than $23 billion on the game this year.

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DraftKings Claims Super Bowl Plans, VIP List Stolen by Exec

DraftKings Inc. sued a former senior executive, alleging he stole the sports-betting site’s business plans for this Sunday’s Super Bowl and other confidential information to pass them to competitor Fanatics Inc.

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