Carter Floyd 
On Monday, Eldorado Resorts and Caesars Entertainment finalized a merger, structured as an acquisition by Eldorado, in a $17.3 billion transaction. The newly merged Eldorado-Caesars company is the largest gambling company in the United States. The two companies’ products will now be consolidated to streamline operations. In some cases, this will reduce consumer choice, but … Read more
DraftKings has now launched a standalone online casino app in Pennsylvania after previously launching in New Jersey. DraftKings has been an aggressive player in the online gambling industry and looks poised to capitalize as more states look to legalize online casinos. HARRISBURG, Penn. – DraftKings, one of the nation’s top online sportsbooks and daily fantasy … Read more
After Tillman Fertitta purchased New Jersey-based Golden Nugget Online Gaming—a major online sportsbook— it is now being traded publicly on the Nasdaq stock exchange. It is trading under Landcadia Holdings II (LCA) right now, but will later change its trading ticker to GNOG. Golden Nugget Online Gaming, citing huge market potential and the increasing popularity … Read more
Pennsylvania’s sports betting industry is still struggling because of COVID-19, but a huge increase in betting handle for online slots and table games has helped cushion the blow. Pennsylvania’s online gambling industry will prove immensely helpful in mitigating the statewide economic crisis caused by the virus. Sportsbooks are likely at least two or three months … Read more
The online lottery launched in Pennsylvania in May 2018, meaning that this milestone comes near the online lottery’s second anniversary. Online lottery sales are helping to buoy Pennsylvania during the COVID-19 crisis; lottery tickets are a major source of funding for the government, but most retail establishments are closed. Online lottery sales have increased greatly … Read more