The CE 100 Index was 0.5% higher this past week, boosted by the fortunes of the “Have Fun” group, which jumped 3.3%. Within that segment, DraftKings surged 7.9% and Flutter Entertainment was 6.2% higher. DraftKings rebounded from volatile trading seen in recent weeks in the...
The CE 100 Index slipped 1.1%, as AI names were – to put it mildly – volatile in the wake of earnings reports. MongoDB Leads to the Downside MongoDB shares sank 32.5% and led the Enablers segment 2.6% lower in the holiday shortened trading week. ...
When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first...
FanDuel is reportedly preparing to switch its public listing to the U.S. markets. Shareholders in Flutter Entertainment, FanDuel’s Ireland-based owner, have voted to move the online betting group’s listing from London to the New York Stock Exchange, Bloomberg News reported Wednesday (May 1). “We now anticipate that we will...
June 24, 2024
The CE 100 Index was 0.5% higher this past week, boosted by the fortunes of the “Have Fun” group, which jumped 3.3%. Within that segment, DraftKings surged 7.9% and Flutter Entertainment was 6.2% higher. DraftKings rebounded from volatile trading seen in recent weeks in the wake of news that online betting sites are facing higher […]
June 03, 2024
The CE 100 Index slipped 1.1%, as AI names were – to put it mildly – volatile in the wake of earnings reports. MongoDB Leads to the Downside MongoDB shares...
March 25, 2024
The CE 100 Index was up nearly 2%, capping a week that saw most pillars gain ground. DraftKings surged 13%, leading the “Have Fun” segment 2% higher for the week. ...
January 22, 2024
The CE 100 Index lost 0.6% as gains from the Have Fun segment were blunted by double-digit plunges from the likes of iRobot — where concerns over the firm’s takeover...
July 11, 2024
Sportsbooks and daily fantasy operators are reportedly awaiting a bump in Summer Olympics-related betting. As CNBC noted in a report Thursday (July 11), this year’s Paris games will be the first Olympiad since the widespread legalization of gambling in the U.S. The industry anticipates an uptick in betting compared to the last Summer Games in Tokyo, especially for sports […]
May 01, 2024
FanDuel is reportedly preparing to switch its public listing to the U.S. markets. Shareholders in Flutter Entertainment, FanDuel’s Ireland-based owner, have voted to move the online betting group’s listing from London to the New...
April 03, 2024
Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated,...
March 27, 2024
Seven of America’s largest sportsbook companies launched a trade group to combat problem gambling. The Responsible Online Gaming Association (ROGA), announced in a news release Wednesday (March 27), is aimed at promoting best practices...
