The online casino industry has been booming with huge tournaments and new games. In this week in gambling news podcast video, we will discuss four interesting stories starting with DraftKings going public. After that, we will tell readers about a multi-billion dollar deal for Eldorado and Caesars to merge, and how Las Vegas casino owners are looking to Asia for guidance. Lastly, we will discuss a great online poker tournament with over a million dollars in guaranteed cash prizes.
DraftKings Sportsbook Is Now Trading on The Nasdaq Global Select Market
In the online gambling business, things progress quickly, especially when technology is involved. The progression of DraftKings becoming a publicly trading on the Nasdaq global stock market was due to the increase of demand of online sports betting in New Jersey. That said, over the last few months, live sporting events have been canceled due to the Coronavirus outbreak. Nevertheless, DraftKings finally made its move, and it trading on the Nasdaq under the ticker symbol DKNG.
Multi-Billion Vici Properties Las Vegas Casino Acquisition Suddenly in Doubt
Before the Coronavirus outbreak, the US economy was doing great. As the economy soared, owners and investors in the real money casino business were looking to do some mergers and acquisitions. El Dorado Resorts was on pace to purchase Caesars Entertainment in Las Vegas for over seven billion dollars in cash and stock. That said, it appears that both companies are pushing move this Multi-Billion deal forward. However, the El Dorado casino stock has retraced over sixty percent since they allegedly agreed on the price. Also, it seems that there may need to be more rent payments to VICI Properties.
Las Vegas Sands & MGM Resorts Casino Stock Values Betting Heavily on Asia’s Rebound
As Las Vegas and the entire state of Nevada is getting testing kits together to try to revive the Sin City tourist industry, they are looking to China as a blueprint on their re-openings. In fact, the Las Vegas owners and investors appear to be betting heavily on Asia’s rebound. After a Las Vegas Sands conference call, the casino stock price increased over ten percent as company executives look to Asia for a forecast on how to re-open their casino resorts.
Interestingly, the casinos in Macau, China, and all over Asia require their workers to wear masks and do temperature checks.
Top Online Poker Site Guarantees $1.5 Million Prize Money Plus With May Series
If you like to play in real money poker tournaments or cash games, tourney will go on for eleven days. More specifically, it starts on May 14, 2020, and ends on May 24, 2020. There will be one million five hundred thousand dollars on the table for guaranteed cash prizes.
Drake Achilles is a college student from Canada. He has been in the business in one way or another from the majority of his life. He brings knowledge and experience to the Play Slots 4 Real Money website.
Drake Achilles
April 28, 2020
