DraftKings stock fell after an Argus Research analyst cut his rating, saying he expects the gambling company to face fierce competition and sees revenue growth slowing in response to regulatory headwinds.
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Sportsbooks across the United States have come up with their own sanctions against Russia by no longer accepting bets on Russian sporting events.
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Sanctions on Russia have reached into the sports world, affecting odds and betting on international sports and players.
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MDHHS reports triple the calls for problem gambling help in the last year.
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Stake factoring is a way of grading customers according to their success and is widespread in the betting industry.
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DraftKings reported a net loss of $1.52bn (£1.12bn/€1.34bn) for its 2021 financial year despite revenue more than doubling year-on-year.
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So far three U.S. stadiums contain sportsbooks. Hartley examines if betting shops should be in arenas and on street corners.
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Professional sports teams and gambling companies in the U.S. are increasingly bringing sportsbooks to the game, opening betting facilities in or near stadiums.
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Fans and bettors are up in arms about the overtime ending of the BIlls-Chiefs playoff game and with massive betting on the sport, something needs to change.
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Wynn Resorts is looking to unload its online sports-betting business at a steep discount .
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Indiana gamblers will be able to put some wagers down on events during the upcoming Winter Olympics.
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Reports of fraudulent petitions have been forwarded to Attorney General Ashley Moody’s office.
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