Betting The Ponies: DraftKings Launching New Offering For Customers

Tuesday, 29 November 2022, 18:11:39
Sports betting company DraftKings Inc (NASDAQ: DKNG ) is launching a new offering to attract additional customers and potentially lower customer churn. Here are the details. What Happened: On Tuesday, DraftKings announced a partnership with Churchill Down Inc (NASDAQ: CHDN ) to launch DK Horse, a horse betting platform. The move comes several months after Caesars Entertainment Inc (NASDAQ: CZR ) unveiled a similar horse betting platform offering. The multi-year agreement will see DraftKings offer wagering on horse racing with TwinSpires, a subsidiary of Churchill Down. TwinSpires is the market-leading online horse racing platform in the United States. DK Horse will launch in 21 states at its initial rollout, which is planned in the coming months according to the company. DK Horse will be a standalone branded app from the venture. Customers will have to sign up and deposit funds … Full story available on Benzinga.com
— Benzinga

Caesars Sportsbook fined for wrongly denying hockey payout

Tuesday, 29 November 2022, 17:43:45
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have fined Caesars Sportsbook for wrongly refusing to pay out over $27,000 to a gambler who made winning bets on an international hockey game last year. The dispute involved whether goals scored in overtime should count in determining whether bets are winners or losers. It”s the same type of pitfall many soccer bettors may soon face during soccer”s World Cup tournament, where bets are usually graded based on what happens during regular time. The state Division of Gambling Enforcement fined Caesars $500 for wrongly insisting that the man”s hockey bets were losers. Caesars Sportsbook did not immediately respond to a message seeking comment Tuesday. The division issued a ruling in the case on Nov. 10. The Associated Press requested details of the ruling on Nov. 17, but the division did not release those details until Nov. 28. It involved a Dec. 22, 2021 game in the Kontinental Hockey League, based in Europe and Asia, on which a patron whose identity was redacted from official documents placed in-game bets on a game involving the teams Vityaz Podolsk and Dinamo Riga.
— Times Union

Caesars Sportsbook fined for wrongly denying hockey payout

Tuesday, 29 November 2022, 17:43:44
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have fined Caesars Sportsbook for wrongly refusing to pay out over $27,000 to a gambler who made winning bets on an international hockey game last year. The dispute involved whether goals scored in overtime should count in determining whether bets are winners or losers. It’s the same type of pitfall many soccer bettors may soon face during soccer’s World Cup tournament, where bets are usually graded based on what happens during regular time. The state Division of Gambling Enforcement fined Caesars $500 for wrongly insisting that the man’s hockey bets were losers. Caesars Sportsbook did not immediately respond to a message seeking comment Tuesday. The division issued a ruling in the case on Nov. 10. The Associated Press requested details of the ruling on Nov. 17, but the division did not release those details until Nov. 28. It involved a Dec. 22, 2021 game in the Kontinental Hockey League, based in Europe and Asia, on which a patron whose identity was redacted from official documents placed in-game bets on a game involving the teams Vityaz Podolsk and Dinamo Riga.
— WNYT

Deutsche Bank is the American Gambling Awards Dealmaker of the Year

Wednesday, 23 November 2022, 14:00:00

— Kwhen Finance

Observations on the Caesars Entertainment Inc. (NASDAQ:CZR) Growth Curve

Tuesday, 22 November 2022, 21:16:00
In the current trading session, Caesars Entertainment Inc.’s (CZR) stock is trading at the price of $49.26, a gain of 1.42% over last night’s close. So, the stock is trading at a price that is -49.42% less than its 52-week high of $97.39 and 57.33% better than its 52-week low of $31.31. Based on the […]
— US Post News