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DraftKings Inc

P&G’s rally signals economic worries are back — plus, we’re downgrading a consumer stock

by Merchant Moller
P&G’s rally signals economic worries are back — plus, we’re downgrading a consumer stock

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks …

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FanDuel, DraftKings prepare for gambling rise

by Mark McDuffie
FanDuel, DraftKings prepare for gambling rise

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics. Sopa Images | Lightrocket …

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Trustly posts 51% profit jump; CEO says IPO at least 2 years out

by Sipho Sepamla
Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …

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Wynn Resorts are up after another great quarter but remain cheap

by Merchant Moller
Wynn Resorts are up after another great quarter but remain cheap

Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in …

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Barstool’s Dave Portnoy won $2.7 million on UConn NCAA bet

by Mark McDuffie
Barstool’s Dave Portnoy won .7 million on UConn NCAA bet

Barstool founder and CEO Dave Portnoy is seen before the Florida Atlantic Owls and Loyola (Il) Ramblers game in the Barstool Invitational at Wintrust Arena on November 8, 2023 in …

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Iowa-LSU game was biggest betting event for women’s sports

by Mark McDuffie
Iowa-LSU game was biggest betting event for women’s sports

Caitlin Clark, #22 of the Iowa Hawkeyes, celebrates after beating the Lousiana State University Tigers 94-87 in the Elite Eight round of the NCAA Women’s Basketball Tournament at MVP Arena …

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Largest U.S. sportsbooks join forces to tackle problem gambling

by Mark McDuffie
Largest U.S. sportsbooks join forces to tackle problem gambling

Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem …

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Fanatics fires back at DraftKings’ claims of corporate espionage

by Mark McDuffie
Fanatics fires back at DraftKings’ claims of corporate espionage

Fanatics founder and CEO Michael Rubin at his office in New York. The Washington Post | Getty Images Sports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in …

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DraftKings posts 44% revenue growth, but falls short of estimates

by Mark McDuffie
DraftKings posts 44% revenue growth, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed …

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ESPN Bet plans launch in New York, the largest U.S. betting market

by Mark McDuffie
ESPN Bet plans launch in New York, the largest U.S. betting market

ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the …

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