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SharpLink Shares Rise After TD Cowen Initiates Coverage With ‘Buy’ Rating

SharpLink Gaming (NASDAQ: SBET) climbed Friday after TD Cowen initiated coverage with a “buy” rating, citing the company’s unusual blend of cryptocurrency exposure and...

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Fanatics mulling equity sale to staffers at discounted $25B valuation

Fanatics is reportedly considering selling equity to employees at a $25 billion valuation, a hefty discount to the $31 billion the company was valued...

SEC Charges DraftKings with Disclosure Violations Over Robins Tweet

The Securities and Exchange (SEC) announced today it charged DraftKings (NASDAQ: DKNG) with divulging nonpublic, material information over CEO Jason Robins’ social media accounts....

North Carolina releases August 2024 sports betting activity report

The North Carolina State Lottery Commission on Monday released its sports betting revenue report for August. The report compiles the sports betting revenue in August...

Saracen Casino Wants Online Gambling Law Changed, Rival Opposes

While Saracen Casino in Pine Bluff is looking to challenge a rule to allow online gambling in Arkansas, rival Oaklawn fears the change would...

New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes

The Borgata and its parent company, MGM Resorts, did not respond to journalists’ requests for comment New Jersey’s gambling regulators understood that the Borgata Hotel Casino...

IRS Warns Sports Bettors to Wager Lawfully, Report Winnings as Taxable Income

The IRS warned sports bettors as the NFL season kicked off on Thursday night that they should only wager with legal, regulated sportsbooks and...

June sports betting in Arizona sees year-over-year increase

Bettors in Arizona wagered approximately $454 million on sports in June of 2024, according to a new report by the Arizona Department of Gaming....

Virginia releases July 2024 sports betting activity

The Virginia Lottery today released its report on sports wagering activity submitted by licensed operators for the month of July 2024. Between 1-31 July 2024,...

Michigan Gaming Control Board issues cease-and-desist letter to unlicensed One Country

The Michigan Gaming Control Board issued a cease-and-desist letter to OC Media Holdings LLC, operating as One Country Give, based in Fayetteville, Arkansas. It...

Cherokee Nation Petitions against Arkansas Casino Referendum

The regulatory update could threaten tribal interests in the region, potentially impacting the livelihoods of local communities Cherokee Nation Entertainment, LLC, a subsidiary of the Cherokee...
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