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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

PYMNTS

The company’s Las Vegas properties closed on March 17, and authorities in Nevada have not put a date into place for when casinos can open again. Wynn Resorts runs the Encore and Wynn properties on the Strip as well as properties in Macau and the Encore Boston Harbor. Revenues for its casinos plummeted by 61.7 reaching a value of $102.9

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Odds Are That Online Sportsbook Wins Big Post-COVID

PYMNTS

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. DraftKings already has similar arrangements with three NBA franchises: the Boston Celtics, Indiana Pacers and Philadelphia 76ers.

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DraftKings To Merge With Other Companies, Go Public

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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15 Early-Stage Drone Companies To Watch

CB Insights

Headquarters: Reno, Nevada. Headquarters: Boston, Massachusetts. Propeller ‘s platform automatically processes photos from drones into maps, models, and data, available online in near-real time. Headquarters: Henderson, Nevada. Disclosed Funding: $19.9M. Disclosed Funding: $15.9M. Disclosed Funding: $3.9M.

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

HQ: Boston, Massachusetts. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. HQ: Las Vegas, Nevada. Tags: Online banking, mobile banking, money management, PFM, Finovate alum. Digital currency provider. Source: Crunchbase.

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46 Corporations Working On Autonomous Vehicles

CB Insights

Top initiatives: First company to test self-driving tech on the streets of Singapore, and later in Boston. It then also became the first to test such technology on public streets in Boston, Massachusetts. Separately, Daimler has been testing its own autonomous trucks in Nevada since May 2015. Aptiv hits the road for testing.

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