As a BetMGM affiliate, it will collect revenue from the traffic it delivers. Now I also want to go next-level and start betting. The first version of the sports betting product will launch on the main Yahoo Sports pages and app, rather than on the fantasy pages and app, Gowrappan said, with broader rollout across the site expected later.
In states where betting is legal, users who turn to the app for scores or live feeds will see lines, odds and other betting content, with prompts to click through to BetMGM. Users in other states will be pushed to either free-to-play games or other fantasy-style content that MGM plans to develop, with prizes that will include resort and casino rewards.
The deal comes only seven weeks after MGM launched a radically redesigned site and mobile app in New Jersey, where despite its position as a leading Nevada sportsbook it has languished far behind legacy daily fantasy brands FanDuel and DraftKings, which benefited from both higher awareness among sports fans and a built-in base of daily fantasy players who were itching to bet on sports.
Developed through a joint venture between MGM Resorts and global online betting operator GVC Holdings, the BetMGM app includes the bells and whistles of its competitors, including in-play wagering, a broad menu of prop bets, odds boosts and other promotions. While MGM has a large customer base through its casino rewards program, its demo generally is not the young male core that has been the early adopter of sports betting in the U. This really opens the door for us to reach many more people.
Though neither would discuss specific terms, they confirmed that the deal will be termed an affiliate arrangement for the purposes of state regulators, meaning that Yahoo Sports will be paid for driving traffic to BetMGM. But MGM will not collect fees based on transactions in this case, a source said. The fact that Yahoo has so many fantasy sports players is a big positive as well. FanDuel and DraftKings prove every month how valuable daily fantasy players can be to real-money betting operations.
The joint venture also signed a multi-year partnership with Buffalo Wild Wings , which includes sports gaming experiences through BetMGM. The agreement includes free-to-play games in states without real-money sports betting. The two also plan to launch a sports betting test program in New Jersey later this year. Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.
Written by Matthew Waters Matthew Waters is a reporter covering legal sports betting and the gambling industry. View all posts by Matthew Waters.
In any event, it seems like a win for MGM, short of knowing how the deal is structured. It gets exclusive access to Yahoo Sports users and locks out other potential sportsbooks from advertising to them. Still, a pure-play sportsbook seemed like it could have been in the cards for Yahoo if it wanted to leverage its fantasy database to its own ends. However, the company may have decided the MGM deal was the easiest and most cost-effective way of making money from sports betting, while simultaneously helping user numbers and engagement.
Clearly, someone who engages with sports content at Yahoo is an attractive target, as is a fantasy sports user. And we know that DraftKings and FanDuel have effectively leveraged their daily fantasy sports user bases to great results in the early rollout of legal sports betting. Here is a bit of the missing part of the equation, knowing the above: Yahoo has not effectively leveraged those users into any meaningful revenue or traffic to its in-house DFS offering.
Of course, sports betting is a more compelling offer than DFS, but it still has to be a bit worrisome that Yahoo could not really do much with its traffic. Converting that traffic to a sportsbook app rather than a DFS product should be an easier lift, however. In any event, MGM is getting easy access to users that it would have to spend a lot more to acquire without this deal.
MGM has signed sports betting deals like they are going out of style. More on those deals here , here and here. The NBA deal came soon after the federal prohibition on sports betting fell in The commissioners for the latter two leagues espoused the partnership as good for the sports betting industry in the Yahoo report. MGM has also partnered with online gambling company GVC on a joint venture to power its sports betting aspirations.
The initial fruits of that JV were seen in the new and improved sports betting app that rolled out in New Jersey this fall. Yahoo was perhaps the biggest domino that could have fallen quickly of the existing sports betting media players. That venture will get rolled into an online gambling giant , as Flutter and Stars are in the midst of a tie-in.
The fact that Yahoo has so many fantasy sports players is a big positive as well. FanDuel and DraftKings prove every month how valuable daily fantasy players can be to real-money betting operations. The joint venture also signed a multi-year partnership with Buffalo Wild Wings , which includes sports gaming experiences through BetMGM.
The agreement includes free-to-play games in states without real-money sports betting. The two also plan to launch a sports betting test program in New Jersey later this year. Matthew Waters is a reporter covering legal sports betting and the gambling industry.
Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area. Written by Matthew Waters Matthew Waters is a reporter covering legal sports betting and the gambling industry. View all posts by Matthew Waters.
|Online sports betting advertising on yahoo||Betting portugal vs spain|
|King george and queen elizabeth stakes 2021 betting line||The Supreme Court lifted a federal ban on sports betting inand the activity is now legal in a growing number of states, including Nevada, New Jersey, New York, Delaware, Indiana and Pennsylvania. Yes No. Expand the sub menu Film. Though neither would discuss specific terms, they confirmed that the deal will be termed an affiliate arrangement for the purposes of state regulators, meaning that Yahoo Sports will be paid for driving traffic to BetMGM. Expand the sub menu More Variety.|
|Vegas betting odds nfl week 1||910|
|Online sports betting advertising on yahoo||The app is available on iOS and Android devices. The commissioners for the latter two leagues espoused the partnership as good for the sports betting industry in the Yahoo report. About Us. Here is a look at some other media entities:. The betting experience will include odds for sports worldwide including the NBA, NHL, football, college sports, baseball, soccer, golf and tennis. Michigan Wisconsin.|
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Transactions will take place on the BetMGM platform. The sports betting world is growing rapidly. Frank Schwab is a writer for Yahoo Sports. Have a tip? Email him at shutdown. Follow YahooSchwab. Carson Wentz seems likely to be traded in the next few days, and the QB apparently has some thoughts on his destination.
By Adam Hermann. The mic'd-up quarterback and tight end had a pretty funny chat about touchdowns. With five quarterbacks going in Round 1, it could be a wild ride early in the NFL draft. Jeremy Maclin retired two years ago, but the former Eagles wideout hasn't been sitting around. Freshman quarterback Jayden de Laura, the crown jewel of the recruiting class, has been suspended indefinitely.
The new policy, which was first reported by the Athletic, makes Dallas the first team to forgo playing the anthem at home games. The Mavericks played their first ten regular-season home games without the anthem and without fans. Fans were invited to a game for the first time on Monday, with the team allowing 1, vaccinated essential workers to attend games for free. NBA commissioner Adam Silver said in December that the rule would not be strictly enforced this season.
The rule was also not strictly enforced at the end of the season when a number of players chose to kneel during the anthem to show solidarity with the Black Lives Matter movement. Cuban has been outspoken in his support of the movement, saying in June that he would kneel with players during the anthem. There are many questions surrounding the Bears quarterback situation, but it sounds like we can rule out a Mitchell Trubisky return in Tom Brady just won his seventh championship.
Which ties him with Robert Horry. Raiders QB Marcus Mariota receiving trade interest from several teams. The Phillies cleared a man roster spot for Didi Gregorius by trading a pitcher to St. By Jim Salisbury. FN Media Group FNM is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM.
Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. The Article and content related to the profiled company represent the personal and subjective views of the Author MSC , and are subject to change at any time without notice.
The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author MSC has not independently verified or otherwise investigated all such information.
This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Bragg Gaming Group. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of , as amended, and Section 21E the Securities Exchange Act of , as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form K or KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements. Nio NIO is entering its next phase of expansion. Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park.
It is not the first time the province and Nio are crossing paths. The Hefei government and its affiliates intend to re-invest all profits from the equity investments back into the NIO China partnership. Details were not provided on financing sources, but we suspect there will be large support in the form of bank credit lines or arrangements similar in nature.
The company is set on entering the European market before the end of the year. Yu expects Norway to be the first destination. The analyst consensus rates the stock a Moderate Buy based on 8 Buys and 5 Holds. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The Buffett Indicator has gone haywire of late. Retirement account owners have long had trouble translating the money in their k into income. For all the attention given to the argument that the stock market is in a bubble, it is important to point out that not everyone shares that view. In a monthly webinar, Wood made the argument against stocks being in a bubble. Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry.
The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And it looks like the anticipated changes could happen faster than initially expected. The statement feeds expectations that the Democratic Congressional majority will pass — and that President Biden will sign — a bill to legalize marijuana.
Investors are also looking at further state-level legalization moves; one key state in this regard is New York. So, the cannabis industry is looking up. There is an expanding network of state legalization regimes, and expectations of a change in federal policy; both are putting upward pressure on cannabis shares. Both have posted impressive year-to-date performances, and stand to rise even more in the year ahead.
The company started out as a farmer, producing high-quality greenhouse vegetables year-round for sale in the North American market. That background fit the company well for a transition to the cannabis industry — Village Farms has experience in greenhouse production and industrial-scale growing.
Two important pieces of news precipitated the surge since the end of January. The move increases the international reach of Village Farms, and its ability to increase Altum holdings in the future. The company was able to fund these moves because it had a successful equity sale in January, putting an additional In addition to its strong capital and expansion positions, Village Farms has been reporting solid financial results.
VFF has historically been undervalued compared to less profitable peers, but we expect shares to continue working higher … as the prospect for US reform increases throughout the year. The company is involved in both the medical and recreational sides of the market, and both grows and produces cannabis and markets a range of products through numerous brand names.
Growth has been fueled by expansion of the cultivation operations in California and Pennsylvania, and by the move into the adult-use recreational market in New Jersey. Last month, TerrAscend closed a non-brokered private placement stock sale, putting more than 18 million common shares on the market. We have been bullish on the company since initiating coverage last year and are happy to say the TRSSF team has exceeded our expectations, generating rapid increases in margins and operating leverage that have earned them a place solidly in the Top Tier of MSOs," Des Lauriers noted.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Interest from retail investors appeared to lift cannabis stocks broadly higher on Wednesday, signaling that the recent trading frenzy behind Reddit favorites such as GameStop is shifting to other companies. Michael has stepped aside while his comments are investigated.
The Federal Reserve and other powerful central banks have viewed a curiously long bout of low inflation as proof that stimulating the economy through unconventional money-printing measures can ease the pain of downturns. Prioritizing economic support over inflation risk seemed like the right move: Many emerging market central banks initially offset the impact of fleeing foreign investors and rising borrowing costs, while helping to lift their stock prices.
The Apple Inc. The South Korean company - after the first successful approaches last January - was ready to make the Kia plant in West Point Georgia available to Apple, but some days ago the process came to a screeching halt, apparently due to internal disagreements within the Hyundai board.
Apple's goal would be to strike an agreement with an Asian company, probably to intercept the potential endless electric car market in the continent. See Also: Why Apple Could Emerge As Tesla's 'First True Competitor' Time Until "We are receiving several requests for cooperation in the joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided," Hyundai executives said in a note in which they dismissed the deal with Apple.
In conclusion, the Apple Car will have to wait for now: there is time until , which is the expected release date. This article originally appeared on Financialounge. It does not represent the opinion of Benzinga and has not been edited. Benzinga does not provide investment advice.
All rights reserved. Coronavirus, of course. Or more precisely, a vaccine to fight it. Yesterday, Nakae took another look at Ocugen at its present share price, and declared it overpriced, downgrading the shares to Neutral i. To watch Nakae's track record, click here Why is Nakae having second thoughts about Ocugen now? Valuation is obviously a concern, and certainly the primary one. After all, hype aside, Ocugen stock is a company almost entirely devoid of revenues. At its current market capitalization, therefore, Ocugen stock sells for a mind-numbing 40, times trailing sales, which is kind of a lot.
Now, what must Ocugen do to justify this valuation -- one that's not just "sky high" above fair value, but more orbiting somewhere out past Saturn? Although Covaxin has an ongoing Phase III clinical trial, that's happening in India, and Nakae thinks that even after initial results are in probably in March , the company may need to conduct an additional study in the U. Next, Ocugen will need to set up manufacturing operations to produce the vaccine in the U.
This will of course cost money, and this is probably one reason why Nakae predicts the company "will likely need to raise debt or equity funds in the future.