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FanDuel CEO Forecasts Profitability Amid Rising Competition

FanDuel CEO Amy Howe recently reiterated that the largest US online sportsbook will be profitable this year. This is even though the landscape is growing increasingly competitive. They were already profitable the first half of the year. FanDuel and DraftKings currently combine for 76% of the US online sports wagering market. So what do you […]

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Atlantic City Casino Profits Tumble 20%, Still In The Black

Even though profits tumbled 20% all nine Atlantic City casinos were still profitable. This is for the second quarter compared to a year ago. The New Jersey Division of Gaming Enforcement released the second quarter profit reports for the nine casinos on Tuesday. Gross operating profits crashed nearly 20% to $138 million even though net

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DraftKings Notches First Profitable Qtr. as a Public Company

Shares of DraftKings spiked in Thursday’s after hour trading session after the online sportsbook operator delivered its first profitable quarter as a public company. DraftKings, which is based in Boston, said its non-general accepted accounting principles earnings per share in the second quarter were 14 cents. This was well ahead of the 14 cent loss

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