SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.
Eldorado’s Caesars Acquisition A Game Changer For Sports Wagering Companies
The announcement that Eldorado Resorts Inc. has purchased Caesars Entertainment Corp. will drastically alter the U.S. sports betting landscape. Perhaps, not right away, but in the near future.
That’s because the new gaming and casino/resort behemoth, following regulatory approvals, will become the largest casino gambling company in the U.S. However, in the realm of sports betting markets, there’s more, a lot more.
Read the full story here
DraftKings’ Young NJ staff finds a home in Hoboken
DraftKings went through the hiring process — and Jamie Shea said they’ve received 48,000 applications in the past year to become part of what is a 700-member team nationwide — a generation that grew up with daily fantasy sports found the DK brand to be a magnet.
New Jersey, meanwhile, has one of the most highly educated workforces in the U.S., especially on the technical side.
That inspired the seven-year-old company to open the 7,500-square-foot office space for 65 employees who can walk outside to killer views of Manhattan — a perk of having an office on “River Street” (as in “Hudson”).
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Las Vegas’ Newest Bookie Derek Stevens Makes a Splash
If you have any interest in sports wagering and Las Vegas you should know the name Derek Stevens. You may have heard about him as the owner of The D Las Vegas Casino & Hotel Downtown. Or, perhaps, you’ve followed a few of his over-the-top sports bets, particularly during “March Madness.” Two years ago during a live Vegas Stats and Information (VSiN) broadcast at the South Point on Selection Sunday, he bet $11,000 on a side in every NCAA Tournament basketball game, for a total $352,000.
Although he fared poorly, losing a lot more than he won, afterwards, nearly everyone in the world of sports betting knew about Derek Stevens. Confident without being brash, Stevens makes sports betting part of his Las Vegas lifestyle. Now being a bookmaker will be part of that, as well.
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Sports Bettors Of Different Stripes: John, A New York Lawyer
This story marks the debut of a new Sports Handle miniseries looking at sports bettors across the country: Regular Joes who bet recreationally, most of them in the black market at some point. Some have families, day jobs in accounting, law, journalism and other fields.
Thirteen months post-PASPA, a few of these individuals have availed themselves of the growing number of legal sports betting markets in the U.S. in New Jersey and Pennsylvania.
Read the full story here
D.C. Council Discusses Opening Sports Betting Bid Process, Timeline To Launch
During Wednesday’s D.C. Council Roundtable to discuss the city’s proposed contract with sports betting contractor Intralot, Council Members Elissa Silverman and Robert White continued to voice their displeasure with the whole process, with White saying there was no “justification” for bypassing the bid process, while Silverman questioned the involvement of fellow councilman Jack Evans, now under investigation for improper business dealings, in the process.
The full story is here
