"Other people's poor decisions are not going to affect you in the long run," he said.
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Live dealers
ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren¡¯t benefiting ¡ª at least, not on Wall Street. So what gives?
The online casino handle for August was $851,911,027, an increase of more than $145 million from the $706.7 million in July.
¡°That didn't happen,¡± said Howard Glaser, head of government affairs and legislative counsel at Liught & Wonder, the successor company to the gambling tech firm Scientific Games.
BACK IN THE 1980s, at Roache & O¡¯Brien, a venerable taproom on the Main Line, gamblers would wager with an unassuming character nicknamed ¡°Yummy,¡± a kindly middle-aged guy with an easy smile and a calm demeanor. When customers placed bets with him, he thanked them.
There are, of course, myriad reasons for why the Council Bluffs gaming revenue declined by more than $10 million over the previous months, especially the notion that inflation has caused many to cut their discretionary spending, and gambling is purely discretionary.
No slot machines with brands
BACK IN FEBRUARY, Andrew Sneyd and his fellow FanDuel execs weren¡¯t able to enjoy the Super Bowl all that much. Former All-Pro NFL punter and current sports-talk host Pat McAfee had dropped details of his four-leg Super Bowl parlay and then encouraged his nearly two million listeners to jump on ¡ª or ¡°tail¡± ¡ª the bet on FanDuel. In January, the gaming company announced a four-year, $120 million deal to be the exclusive betting partner of McAfee¡¯s show, and the parlay was a great bit of advertising for McAfee and FanDuel.