#DraftKings Inc

The Wall Street Journal

As Online Gambling Grows, So Does the Financial Crime Risk

Online casinos are attractive targets for criminals. The AGA publishes best practices for AML compliance. Smaller online gambling startups don't know they need an anti-money-laundering program. U.S. law enforcement hasn't been active in policing online casinos. In Malta, an online company was fined $384,000 for not properly checking where customers were getting money. UK. Gambling Commission announced four fines over online anti money laundering failures in August. One of them was against Entain, which runs ladbrokes.com and other sites.
Incidents
Casino City Times

DraftKings Casino launches exclusive progressive jackpots available in New Jersey

DraftKings Casino launches exclusive progressive jackpots available in New Jersey. One player won $313,445.80 in the first DraftKings progressive pot in two weeks. Draft Kings expects to expand the product into other jurisdictions where Draft King's Casino is available. The current current jackpot is growing again. It is currently offered only to DraftKing's customers in NJ. They are committed to providing their customers with a regulated and engaging gaming experience.
Mobile
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Focus Gaming News Focus Gaming News 27 days
@FocusGamingNews

3️⃣ Las Vegas inches close to pre-pandemic visitor numbers 4️⃣ Ontario online gaming transition period ends 5️⃣ Nigerian IRS revamps tax system in bid to attract international gaming operators

Playson Playson 23 days
@Playson_Ltd

Our General Counsel, Andrei Andronic spoke with Gaming Americas to explore the latest in Ontario’s iGaming market. 💬 🕹️ Read the full interview 📰 #Ontario 18+ Gamble Responsibly

Our General Counsel, Andrei Andronic spoke with Gaming Americas to explore the latest in Ontario’s iGaming market. 💬 🕹️
Read the full interview   📰
  #Ontario 

18+ Gamble Responsibly
GamblingNews GamblingNews 2 days
@thegamblingnews

Betano, a leading iGaming and sports betting brand, has launched in Ontario, Canada.

The Street

Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City

Las Vegas casinos have had the market cornered on sportsbooks in the state thanks to a 2015 law that banned daily fantasy sports operators in Nevada. It took until 2021 for DraftKings and FanDuel to file for a gaming license. The NGCB doesn't expect DraftKing's application to be heard during next May's bi-monthly meetings.
Sports
Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City
European Gaming

Gaming Americas Weekly Roundup

This week's American gambling news roundup includes the latest news and new partnerships in the industry. Pragmatic Play has strengthened its position in Brazil with its partnership with Bingo ao Vivo. DraftKings Inc. has launched new igaming products in West Virginia. PokerStars has been granted a full registration to operate in Ontario. Passport Technology has announced the launch of its Lush loyalty and rewards platform and Mira player enrollment kiosks at Cahuilla Casino Hotel. BlueBet Holdings Ltd has signed an online market access agreement with Horseshoe Casino – Hammond.
Gaming Authorities
Gaming Americas Weekly Roundup
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European Gaming

In-game Gambling and Loot Boxes Market is expected to expand its roots at an average CAGR of 5.6 % between 2022 and 2032

In-game gambling and loot boxes market is expected to grow at a CAGR of 5.6% between 2022 and 2032. The valuation of the industry is projected to reach US$ 32.7 Mn by 20 32, from US $ 18.9 Mn in 2022. New trends and advancements in the sports and gaming industries are projected. Payment data security concerns may stifle the in- game gambling market share expansion. Consumer interest in online gambling platforms has increased as a result of restrictions in sporting events. Online betting is likely to be the fastest-growing market in medium term.
Industry
In-game Gambling and Loot Boxes Market is expected to expand its roots at an average CAGR of 5.6 % between 2022 and 2032
European Gaming

Global $192 Billion Online Gambling Markets, Opportunities and Strategies, 2015-2020, 2025F, 2030F

The online gambling market is fragmented with a large number of players. The top ten competitors made up to 23.15% of the total market in 2020. Flutter Entertainment plc was the largest competitor with 6.06% and bet365 Group Ltd. with 4.80%. Entain plca with 4,66%, Kindred Group plcs with 1.96%, William Hill plco with. 1,55%, 888 Holdings plcos with 0.03%, International Game Technology pl ck with -1.3%. The betting segment will gain $21,415.9 million of global annual sales by 2025. Mobile segment is expected to gain $35,462.1 million by the same year. Online gambling will grow the most in the USA at $8,453.8 million.
Industry
Global $192 Billion Online Gambling Markets, Opportunities and Strategies, 2015-2020, 2025F, 2030F
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The Street

Las Vegas Casino Player Wants to Expand the Betting Tent

Sports betting accounts for between 30% and 40% of the worldwide gambling market. In June 2018, sports gamblers wagers $310 million for the month. By October 2021, that number jumped to $7 billion. The increase is directly tied to the 2018 Supreme Court decision to strike down a 1992 federal law that banned commercial sports betting in most states. Caesars, MGM, DraftKings and Disney have their own online betting platforms. Fifth Street Gaming wants to expand the marketing of their business.
Land-based
Las Vegas Casino Player Wants to Expand the Betting Tent
The Bharat Express News

Ford government could lose $2.8 billion in online betting, report warns

Ford government could lose $2.8 billion in online betting, report warns. Great Canadian Gaming, the company with the largest casino market share in Ontario, prepared the report. It predicts a shift in spending from land-based casinos to internet gambling. Companies involved in the online gambling industry say the findings are flawed. They challenge the assumption that existing casino customers will suddenly start spending less money in casinos and more on the internet. DraftKings Inc. offers online sports betting and casino products. online based in U.S. Jeffrey Haas, senior vice president of Draft Kings Inc., says people will continue to gamble in real casinos.
Covid
Ford government could lose $2.8 billion in online betting, report warns
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European Gaming

Technavio: VR Gambling Market to Grow by USD 1.74 Billion

Technavio: VR Gambling Market to Grow by USD 1.74 billion during the forecast period. The report also identifies the market to register an accelerating growth momentum at a CAGR of 53.13%. The advent of online casinos and an increase in esports betting will boost the VR gambling market growth. High cost of VR headsets will curb the growth of the industry. The competitive scenario provided in the report analyses, evaluates and positions companies based on various performance indicators. Report provides complete insights on key vendors including 888 Holdings Plc, Caesars Entertainment Corp., DraftKings Inc., Evolution Gaming Group, Golden Nugget, GVC Holdings plc and others.
Industry
Technavio: VR Gambling Market to Grow by USD 1.74 Billion
Victoria Advocate

VR Gambling Market to grow by USD 1.74 billion

VR Gambling Market to grow by USD 1.74 billion by 2021. Report also identifies the market to register an accelerating growth momentum at a CAGR of 53.13% during the forecast period.
Industry
VR Gambling Market to grow by USD 1.74 billion
Salamanca Press

Digitization Reshaped Ecommerce First, Now Moving to Online Gaming

Online gaming is on a growth stage. Playgon Games Inc. is a Software-as-a-Service (SaaS) technology company. Other companies jockeying for the end user, curating gaming and gambling services for consumers include Bally's Corporation, DraftKings Inc., Golden Nugget Online Gaming Inc, and Penn National Gaming. Global revenue in iGaming will grow at a CAGR of 11.94% from $75 billion in 2021 to reach $127.3 billion by 2027.
Industry
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Casino News Daily

Evolution accused of black-market gambling

Evolution AB's stock value continues to decline. Bloomberg reported on the allegations on November 16th. The company has denied any impropriety. An anonymous client complained to the New Jersey Division of Gaming Enforcement on behalf of a US-based competitor.
Incidents
Evolution accused of black-market gambling
Orlando Sentinel

Gambling companies place a $22.7 million bet on Florida ballot initiatives

DraftKings and FanDuel contributed more than $22.7 million to two ballot initiatives aimed at expanding gambling in Florida. Florida Education Champions initiative would legalize sports betting at professional sports venues, pari-mutuel facilities and statewide via mobile applications.
Mobile
Gambling companies place a $22.7 million bet on Florida ballot initiatives
The Bristol Press

Connecticut set for limited launch of online gambling

Connecticut is set for a limited launch of online gambling. The state marked the first day of its long-awaited rollout of legalized sports betting on Sept. 30. In addition to the two tribal casinos, the state's lottery will offer online sports wagering and retail sports bets at 15 locations. The Mashantucket Pequot Tribal Nation, which operates Foxwood, has partnered with DraftKings Inc. and Mohegan Sun, operated by the Mohergan tribe, partnered by FanDuel.
Politics
Connecticut set for limited launch of online gambling
Casino City Times

Slot revenue goes up in September for Foxwoods Resort Casino

Foxwoods Resort Casino reported $31 million slot revenue for the month of September 2021. The casino has been donating slot revenues to the state since 1993. Foxwoods hosted Drag Binglo on 18 September. DraftKings and Draft Kings launched sports betting at Foxwks on 30 September, and Fox wks hosted two hiring days prior to its opening. The resort is hiring servers, bartenders, restaurant managers and more. Job seekers interested in learning more can visit Foxws://www.foxwss casino.com/careers.
Finance
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Bloomberg Quint

Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy

Aristocrat offers to buy Playtech for $9.35 per share. The offer is a 58% premium to the company's last closing price on Oct. 15. Sports betting has exploded in the U.S. since 2018. DraftKings offered to acquire Entain Plc for about $22.4 billion in September. Caesars Entertainment Inc. acquired William Hill Ltd. in 2010. Flutter Entertainment Plt bought Stars Group Inc in Canada in 2020. Bally’s Corp. is in process of buying Gamesys Group Plcs.
Travel
Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy
WFMZ News

Global Online Gambling Market Size Expected To Reach $127 Billion By 2027

Global Online Gambling Market Size Expected To Reach $127 billion by 2027. According to the American Gaming Association, as of 2018, there are 2,800 sites active online. Europe is expected to continue its dominance over the forecast period. Asia Pacific is anticipated to register the highest growth rate. The market size is influenced by the size of betting and pertinent outcome. Electronic G betting devices (EGDs) are inexpensive to run and easily available. Active companies in the markets today include Winners, Inc. (OTCPK: WNRS), Engine Media Holdings, (NASDAQ: GAME), DraftKings Inc ( NASDAQ) (DKNG), Elys Game Technology, Corp. and SharpLink Gaming Ltd.
Industry
Global Online Gambling Market Size Expected To Reach $127 Billion By 2027
Baystreet

Five Gambling Stocks Investors are Increasing their Bets On

The global gambling market is expected to grow at a CAGR of 10.8% to $516.04 billion this year. Jackpot Digital Inc. (TSXV:JJ), Penn National Gaming (NASDAQ:PENN), Wynn Resorts (NYSE:WYNN), Draftkings (NSE:DKNG) and MGM Resort International (NYSEMKT:MGM) are some of the top gambling stocks to watch.
Finance
Five Gambling Stocks Investors are Increasing their Bets On
Baystreet

Investors are Betting Big on a Potentially Massive Casino Comeback

American Gaming Association reports that gross gaming revenue for the first quarter of 2021 was $11 billion. Nevada casinos collected a single-month record of $1.23 billion in gaming revenues during May. Jackpot Digital Inc. (TSXV:JJ), Penn National Gaming (NASDAQ:PENN), MGM Resorts International (NYSE:MGM), Draftkings (NADA) and FansUnited Entertainment Inc (CSE:FANS)(OTC:FUNFF) are among the companies that are betting big on casino stocks again.
Finance
Investors are Betting Big on a Potentially Massive Casino Comeback
Salamanca Press

Convenience One of the More Important Factors Contributing to Growth of Online Gambling

The global online gambling market is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. Virtual reality and blockchain technology are also driving growth of the industry. Active gaming and tech companies in the markets today include:Esports Technologies (NASDAQ: EBET), Corsair Gaming, Inc. ( NASDAQ): CRSR, Golden Nugget Online Gaming (NAVY), DraftKings Inc (NADA), and Penn National Gaming Inc., (NSX: PENN).
Lottery
Convenience One of the More Important Factors Contributing to Growth of Online Gambling
Baystreet

The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks

Cruises are sailing again after being docked by the pandemic. Royal Caribbean Cruises was the first to sail from a U.S. port since the beginning of the Pandemic last Saturday. Nevada casinos raked in $1.23 billion in May. Jackpot Digital Inc. (TSXV:JJ)(OTCQB:JPOTF) is its largest customer. Its electronic table games are installed aboard many cruise ships. The company expects an immediate and positive revenue impact for its company. It is emerging from the challenging year when ships and their casinos were closed.
Finance
The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks