Barstool sells minority stake to casino group Penn National in a deal valuing them at $450 million
After a few weeks of rumors, a deal is finally official.
Gambling News
Legalized gambling doesn’t seem to be boosting NFL ratings yet, with operators “yet to scratch the surface with those casual bettors”
"As the sports gambling market matures and you have more [casual] people coming in, it will be those people who will tune in more often and for longer. There are early signs that that will be the case. But you’re not going to see that at the moment."
Where You Can Legally Gamble Online In the United States
Where Can You Legally Gamble Online In the United States Online gambling in the US may or may...
With Barstool in “advanced talks” to sell to Penn National Gaming, Dave Portnoy says “We continue to speak or have spoken with everyone”
"I think that if we aligned ourselves with one company with a shared vision that company would have an extraordinary advantage in the race to becoming the leading gambling company in the United States."
Geoff Reiss talks Yahoo Sportsbook launch and building from a limited start: “This is going to be very much a crawl-walk-run thing.”
"The two things that we are best at, fantasy and being able to connect fans with their favorite teams, are the two drivers that drive the sports betting industry. That makes us a very important player here."
The Chernin Group is reportedly exploring a sale of Barstool Sports to a gambling operator, with talks in “advanced stages”
No deal has been signed yet, but it's interesting to see Chernin discussing selling at least part of their stake in Barstool.
Flutter’s purchase of The Stars Group gives Fox an option to buy 18.5 percent of FanDuel Group in 2021
This deal has already boosted the value of Fox's Stars stake, and could lead to them getting a bigger stake in the new company.
Cowboys’ owner Jerry Jones makes ludicrous claim that legal wagering could boost NFL TV rights by 50 percent
"Gaming is going to make a big difference. I dare say that gaming will increase the value of television, of presenting our games, I dare say it will go up 50 percent because of the gaming concentration."
fuboTV teams up with FanDuel, adding TVG and TVG2 and promising “betting data integrated on the fubo platform”
FanDuel has signed a deal to be fuboTV's exclusive advertiser in gambling categories and provide gambling information they can integrate into their own channels and their service. fuboTV has also added TVG and TVG2.
Disney acquired Fox’s stake in DraftKings despite Bob Iger’s comments about not facilitating gambling
Disney CEO Bob Iger said in February "I don’t see The Walt Disney Company, certainly in the near term, getting involved in the business of gambling, in effect, by facilitating gambling in any way." Well, they're doing so at the moment thanks to their stake in DraftKings.
ESPN will open a Las Vegas studio in 2020
It's another sign ESPN's commitment to sports betting content is here to stay.
Fox Sports will debut gambling app Fox Bet this fall
As legalized sports betting continues to become more and more common across the United States, many media companies...
Sinclair CEO Chris Ripley wants to offer “pitch-by-pitch” prop bet abilities on their new RSNs
"If you're interested in gaming, we're going to add on extra stats, the ability to do prop bets in the game, pitch by pitch, play by play. You can play along and wager while you watch."
FanDuel will stream tennis, Bundesliga in their betting app; could this start a U.S. trend?
FanDuel has become the first U.S. gambling provider to gain rights to stream games in its app, something common in Europe. Those rights are currently focused on tennis and German soccer, but bigger leagues could follow once some current exclusive TV deals expire.
West Virginia has legalized sports betting, but a contract dispute will keep it offline for the first March Madness weekend
The management services provider for two West Virginia sports books and the state's online betting app is in a dispute with a third-party technology vendor, which means those books won't be able to offer early-round March Madness betting.
