Sports

Sports Betting Outlook Rosy For Rest of 2020

Last week, Goldman Sachs put a “buy rating” on Penn National Gaming, noting major upside to the company’s customer acquisition potential through its ownership of Barstool Sports. Penn National is […]

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DraftKings Posts 25% Revenue Growth, Dips On Larger Than Expected Loss

Even without a normal load of NBA, NHL and MLB games during its 2020 fiscal second quarter, DraftKings reported nearly 25% revenue growth, generating $71 million.  Still, the company reported […]

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NFL Team for Sale?

Minority owners of the Washington Football Team are reportedly pressuring owner Dan Snyder to sell the team. FedEx CEO Fred Smith, Black Diamond Capital Chairman Robert Rothman, and NVR Inc. […]

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Fanatics Raises $350M in Likely Final Private Funding Round

Fanatics has closed a $350 million investment round. As the company reportedly gears up for an IPO, it is now valued at approximately $6.2 billion. Fanatics has raised about $1.5 […]

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After Months of Depressed Sports Betting Numbers, Handles On The Rise

Sportsbook operators generated $64.2 million in revenue during the second quarter, a 46.3% year-over-year drop, according to the American Gaming Association. It was the first quarterly decline since sports betting […]

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Apple Looks to Disrupt Connected Fitness Landscape

After Peloton and Nike saw massive growth for their training apps during the pandemic, Apple is now looking to take a bite of that pie. Apple is reportedly developing a […]

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Companies Aim To Become The Peloton of Weightlifting

As the more than $30 billion U.S. fitness industry continues to shift to home workouts, there’s a new race to see which smart weight machines can become the next Peloton-type […]

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College Football Economic Impacts Vary, True Figures Hard to Determine

College football can be an economic driver for the communities that surround Power 5 universities, so towns across the Big Ten and Pac-12 could face dire outlooks this fall. The […]

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Bubba Wallace Attracting Sponsors Following Rise in Visibility

Bubba Wallace has emerged as one of NASCAR’s most marketable drivers as he has gained national attention for his activism and advocacy efforts around racial equality and inclusivity in racing. […]

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Tencent Reports 29% Revenue Increase As US-China Tensions Rise

As Tencent waits to see the full effects of President Donald Trump’s executive order targeting business dealings related to its app WeChat, it posted its best quarter since 2018. The […]

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