MarktMorgan Stanley Trims DraftKings Target: High Growth Meets Rising Costs
Morgan Stanley has lowered its DraftKings price target to $36, citing massive marketing spending of $225 million for prediction markets despite rising revenue forecasts.
MarktMorgan Stanley has lowered its DraftKings price target to $36, citing massive marketing spending of $225 million for prediction markets despite rising revenue forecasts.
InternationalSouth Korean midfielder Son Jun-ho faces a CAS hearing on August 11 following a lifetime ban for alleged bribery involving 74,000 USD in China.
AnbieterG2 Digital has launched Vegas Club Casino in the New Jersey market. The platform, backed by industry veterans, leverages White Hat Gaming's tech to tap into a $271m monthly revenue sector.
RegulierungThe Korea Casino Association is sounding the alarm over government plans to hike levies from 10% to 15% of GGR, threatening the recovery of pandemic-hit operators.
InterntionalHard Rock Digital marks its first global expansion by launching the Hard Rock Bet platform in Ontario, Canada, departing from its domestic US focus.
RegulierungThe Advertising Standards Authority (ASA) reveals that 96.2% of gambling advertisements met all standards between July and November 2025, outperforming the alcohol sector.
InternationalChoctaw Casino & Resorts introduces a mock-play sports app for users aged 21 and older to navigate the current legal deadlock in Oklahoma's gambling market.
MarktLas Vegas Sands reported a net income drop to $107m in Macau during Q2, blamed on a low 1.35% VIP hold and the FIFA World Cup distraction.
TechnikRevolut becomes the first global fintech to obtain an independent ADI licence from APRA, committing nearly 400 million AUD to the Australian market.
AnbieterRoyal Partners has officially restarted traffic acceptance across all GEOs, ending acquisition rumors involving 1win and offering 55% RevShare.
RegulierungThe GGL is expanding its LUGAS monitoring system ahead of the gambling treaty review. In 2025, the platform already monitored five million registered players.
MarktUK operator Mr Vegas becomes the official shirt sponsor for Reading FC in League One. Deals in this division typically range from 10,000 to 500,000 pounds.
MarktThe increase in Remote Gambling Duty is pushing UK operators to re-evaluate their costs. Experts observe a shift towards regulated revenue and consolidation, exemplified by recent moves from Entain and Bally's.
MarktBy optimizing algorithms and local campaigns, N1 Partners increased the first-time depositor rate by 155 percent while simultaneously reducing acquisition costs.
AnbieterSwedish state operator Svenska Spel rejects claims of prioritizing income over player protection, even as Q2 GGR climbed to SEK 1.963 billion.