The Trump administration and Mexico targeted gambling establishments with alleged financial links to Latin American drug cartels, with the US sanctioning several individuals and 10 casinos https://t.co/hW9KpkvvV5 ...

ProphetX is applying to go nationwide in the US and take on its rivals in the booming industry for sports-themed prediction markets and wagering https://t.co/qj8Gc5kzFA ...

Key Takeaways Wynn Resorts' Q3 EPS of 86 cents missed estimates, while revenues rose 8.3% year over year.Macau operations drove results with strong EBITDA growth and higher mass table drop.Las Vegas properties gained gaming market share and posted another quarter of EBITDA growth.Wynn Resorts, Limited (WYNN) reported mixed third-quarter 2025 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same. The top line increased year over year, while the bottom line fell from the pr ...

DraftKings CEO says Polymarket-style prediction markets may open more US states to sports betting https://t.co/dCYAyGtqRs ...

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cra, my friends.I'm just trying to save a little money. My job is not just to entertain, but to teach, explain days like today. So, call me 1800 743 CNBC or tweet me at Jim Kramer.We've been very dismissive of this government shutdown on Wall Street. You know why. Because we've been through so many of them, they usually mean nothing to the stock market.Well, it turns out this one is different. The government's now been closed for 37 days with no sign whatsoe ...

Market to get a little muddier when they reported tonight. Now, DraftKings delivered a pretty sizable revenue miss larger than expected loss for the third quarter. But at the same time, management also slashed full year forecasts for both revenue and earnings before interest, taxes, depreciation and amortization.It looked rough, but I got to get to the bottom of this because I've been recommending the stock because I think that this is the best company in gambling. So let's dig deeper with Jason Robbins. He ...

DraftKings reported revenue and user numbers that missed analysts’ projections at the start of the NFL season and lowered its guidance for the year https://t.co/fiy22vxb7E ...

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Core Insights - PENN Entertainment and ESPN have mutually agreed to terminate their U.S. sports betting contract, effective December 1, 2024, after a partnership that began in August 2023 [1][6]. Group 1: Partnership Details - The partnership aimed to enhance PENN's product offerings and create a cohesive ecosystem with ESPN, but both parties decided to amicably wind down the collaboration [3]. - ESPN's involvement in the sports betting market through this partnership was valued at approximately $2 billion [6]. Group 2: Future Strategy - PENN plans to rebrand its online sports betting (OSB) offering to theScore Bet®, targeting a launch date of December 1, 2025, coinciding with the expected launch of sports betting in Missouri, pending regulatory approvals [4]. - TheScore Bet brand currently operates in Ontario and will leverage connectivity with theScore media app, which has around 4 million monthly active users in North America [4]. Group 3: User Engagement and Transition - ESPN's collaboration with PENN resulted in over 2.9 million new users entering the PENN ecosystem, with a notable increase in first-time bettors during the fall [8]. - All outstanding payments to ESPN will cease in the fourth quarter of 2024, and ESPN will assist PENN in transitioning to theScore Bet [10].