Matt Rybaltowski
Sports Betting writer @actionnetworkHQ and @sports_handle Forbes contributor @SportsMoneyBlog, former reporter @SPGMarketIntel, and NFL reporter @CBSSports.
Articles
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3 days ago |
igamingbusiness.com | Matt Rybaltowski
Instead of reporting to federal prison Monday for his conviction on embezzling at least $17 million from baseball star Shohei Ohtani, Ippei Mizuhara has received a second continuance, according to court filings. Mizuhara, the disgraced interpreter of the Major League Baseball star, now faces a 16 June deadline to report to prison. The new date is nearly three months after Mizuhara’s initial surrender date of 24 March.
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6 days ago |
igamingbusiness.com | Matt Rybaltowski
Besides macroeconomic issues on consumer spending and the global trade war, another topic dominated first-quarter earnings calls this week for top sportsbook operators. Executives from three leading companies – Flutter Entertainment, DraftKings and PENN Entertainment – were inundated with questions related to a series of unfavourable sports outcomes. The questions surfaced after the operators blamed the negative trends for denting earnings for a second straight quarter.
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6 days ago |
igamingbusiness.com | Matt Rybaltowski
Despite contending with a series of unfavourable sports outcomes for the second consecutive quarter, DraftKings managed to generate a 20% revenue increase in the opening quarter of the year, an outcome the company ascribed to its core value drivers. Historic trends during March Madness hijacked earnings on the quarter, as top seeds covered at an unprecedented rate throughout the month-long college basketball tournament.
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6 days ago |
ggbnews.com | Matt Rybaltowski
Flutter Posts Strong Q1 in US; CEO Jackson Hints at Prediction Market Expansion Global betting giant Flutter Entertainment lauded continued success in the U.S. on May 7 as it reported first-quarter group revenue of $3.66 billion, up 8 percent versus the prior year. Adjusted EBITDA of $616 million and net income of $335 million were also YoY increases of 20 percent and 289 percent, respectively.
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1 week ago |
igamingbusiness.com | Matt Rybaltowski
Rollout of new ESPN streaming service provides opportunities for personalization, Penn says, amid uncertainty on board structure. Penn Entertainment CEO Jay Snowden addressed Wall Street analysts on Thursday’s quarterly earnings call during a challenging period for the company. As Penn approaches the two-year anniversary of its partnership with the Walt Disney Co., ESPN BET’s market share still hovers in the low single digits.
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NJ has filed a 40-page in response to Kalshi's motion for a preliminary injunction. NJ argues that all preemption cases start w the assumption that the policing powers of the states should not be superseded by a fed act unless that was the "clear and manifest purpose" of Congress https://t.co/xtHWZQ5pjy
RT @WALLACHLEGAL: With New Jersey set to respond to Kalshi today, I updated my Forbes article to more fully elaborate on why Kalshi’s sport…
MGM Resorts to pay Nevada an $8.5M fine to settle allegations of AML deficiencies regarding the activities of two illegal bookies -- Wayne Nix and Matt Bowyer. MGM CEO Bill Hornbuckle told me this wk the company is in constant communication w regulators in cases that appear amiss https://t.co/YWhsgFGnAa