February 4, 2021
Arkansas Supreme Court Throws Remaining Casino License Back Into Legal Chaos
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Posted on: February 4, 2021, 03:30h.  Last updated on: February 4, 2021, 03:30h. The Arkansas Supreme Court is supposed to provide impartial resolutions to legal disputes. But the state’s highest court this week only added more legal complexity to an already complicated case involving a casino license in Pope County. The Arkansas Supreme Court, seen here in a recent gathering of the justices, has weighed in on the casino license earmarked for Pope County. The high court’s ruling, however, will only complicate matters more. (Image: Arkansas Supreme Court)In an unanimous decision issued today, the Arkansas Supreme Court ruled that the Cherokee Nation Businesses (CNB) had the right to intervene involving a lawsuit brought by the Gulfside Casino Partnership against the Arkansas Racing Commission (ARC) last year.Arkansas voters in 2018 voted to allow four land-based commercial casinos in the state. The ballot referendum authorized Southland and Oaklawn racinos to pivot into full-sale casinos with slot machines and table games. Two from-the-ground-up casinos were also approved, one each in Jefferson and Pope counties.The Quapaw Nation of Oklahoma and its Downstream Development Authority moved quickly after winning approval in Jefferson and receiving its license from ARC. The tribe opened the Saracen Casino Resort in Pine Bluff last October.Pope Casino License Back in JeopardyUnder the 2018 constitutional amendment passed by voters, project proposals to county governments must include support from local officials, including a county judge. The Gulfside Casino Partnership’s casino bid in Pope County included the support of Pope County Judge Jim Ed Gibson.However, Gibson exited the position at the start of 2019, and his successor, Judge Ben Cross, favored a casino submission from CNB. After the Racing Commission deemed Gulfside’s bid invalid due to not having a current county judge’s support, Arkansas Circuit Court Judge Tim Fox ruled in Gulfside’s favor on grounds that the 2018 ballot referendum said nothing about the judge needing to be sitting on the current county bench.Fox also prevented the Cherokees from intervening in the case. And the Arkansas Supreme Court said that was wrong.The seemingly minute ruling this week has big consequences. The high court’s decision reopens the matter to new legal challenges. CNB attorneys have already stated publicly their plan to appeal the Racing Commission’s decision last week to formally approve the Gulfside casino plan.Legal NightmarePope County’s eventual casino will open many years after Jefferson’s. The saga began when ARC Commissioner Bruce Rice was deemed to have had a bias in scoring the two casino presentations. Rice gave Gulfside a perfect 100 points, while only 29 for the Cherokee scheme.Rice’s 71-point differential singlehandedly tipped the overall results in Gulfside’s favor. ARC decided to recuse Rice from the licensing and deemed his scores invalid.Lawyers, including Arkansas Attorney General Leslie Rutledge’s office, stepped in. ARC Chair Alex Lieblong’s text messages with CNB attorney Dustin McDaniel later resulted in Lieblong excusing himself from the matter, too.ARC, with an independent third-party counsel, decided last week to proceed with Gulfside. But the Arkansas Supreme Court’s ruling gives additional legal groundway for CNB attorneys to halt Gulfside from breaking ground.The case continues.
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High Stakes Poker S8 E8: Find Out Which Player Went Broke & Quit the Game
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February 04, 2021 Chad Holloway Wednesday's latest "High Stakes Poker" episode on PokerGO was a continuation of the last week’s game, which was played $200/$400/$800 w/ an $800 ante from the third blind. The episode started with six players in their seats while Tom Dwan was sitting out. Here’s how things stack up at the top of the broadcast: PlayerStack Rick Salomon$606,000 Jean-Robert Bellande$489,100 John Andress$298,000 Sean Perry$271,600 Damien Leforbes$157,800 Michael Schwimer$75,700 Leforbes vs. Schwimer – No Apologies for Running Good In the first hand of the new episode, Damien Leforbes raised to $2,500 from middle position with the and the ever-aggressive Michael Schwimer three-bet to $9,000 from the cutoff holding the . Action folded back to Leforbes and he called to see the flop, which gave Schwimer trip eights. Leforbes check-called a bet of $6,000 and then check-called one of $15,000 on the turn. The river was gin for Leforbes, who checked his full house. Schwimer bet $24,000, which left him just $21,000 behind, and Leforbes check-raised all in. “Did you get lucky as shit on me?” a seemingly-frustrated Schwimer asked before calling off and discovering the bad news. “I will not apologize for running good,” said Leforbes as he pulled in the $153,400 pot. Dwan vs. Schwimer – “I’m in Pretty Good Shape” After reloading to $100,000, Schwimer raised to $3,000 from the hijack and Dwan, who had returned to the game, three-bet to $13,000 from the small blind. Schwimer called, the flop fell . Dwan continued for $14,000 and Schwimer, who flopped top two pair, just called to see the turn. Dwan made top pair but still checked, and Schwimer followed suit. On the river, Dwan bet $25,000 and Schwimer leaned back in his chair while letting out a big sigh before saying, “All in.” It was $73,000 total and Dwan hit the tank. “Didn’t snap-call, I’m in pretty good shape,” Schwimer claimed. Dwan thought long and hard before paying it off, and just like that Schwimer doubled back by claiming the $200,800 pot. Sean Perry vs. Jean-Robert Bellande – JRB Puts Himself in Hot Water Dwan opened for $2,500 with the and Sean Perry looked down at the next to act. He three-bet to $8,000 and then Jean-Robert Bellande, who had lost a six-figure pot to Dwan the hand prior, four-bet to $30,000 out of the small blind with the . Dwan folded and Perry, the son of poker pro Ralph Perry, paused for a few beats before five-betting to $70,000. Bellande asked how much his opponent had behind, which was $246,000, and Bellande opted to call. He flopped top pair on the flop and checked it over to Perry, who bet $40,000 into the pot of $144,100. Bellande called and then check-called a bet of $70,000 when the turn gave him an open-ended straight draw. After the paired the board on the river, Bellande checked for the third time and Perry moved all in for his last $136,000. Bellande asked for a count and realized he had the bigger stack, albeit by a slim margin of $18,000. Eventually, Bellande called only to see his opponent table the goods. With that, Perry doubled in a juicy pot worth $637,700. Bryn Kenney vs. Sean Perry – Nine High, Not Like a Boss After Rick Salomon left the game, a new player joined the game in Bryn Kenney, who bought in with a massive stack. Here’s how this stacked up at that point in time: PlayerStack Bryn Kenney$836,900 Sean Perry$635,300 Tom Dwan$429,800 Michael Schwimmer$367,000 John Andress$223,800 Damien Leforbes$209,900 Jean-Robert Bellande$151,000 In his first hand of this episode, Kenney raised to $4,000 from the cutoff with the and Perry called from the big blind with the . The flop gave Perry trip eights and he check-called a bet of $10,000. Perry checked again on the turn, which gave him a full house, and Kenney continued to bluff by firing out $23,000. Perry just called and then checked yet again on the river. Kenney took the bait and triple-barreled it with a bet of $64,000, but had to fold when Perry finally woke up with the check-raise to $219,000. Kenney took an early hit while Perry collected another big pot, this one worth $359,8000. Michael Schwimmer vs. Bryn Kenney – One Will Quit the Game In the penultimate hand of the episode, John Andress had the $1,600 straddle on and both Dwan and Bellande called, the former under the gun and the latter on the button. Schwimer then raised to $4,000 with the in the small blind and Kenney called from the big with the . All the aforementioned players called and it was five-way action to the flop. Schwimer continued for $15,000 with top pair and Kenney raised to $52,000 with his set. Andress folded, Dwan gave up his flush draw, and Bellande got out of the way. Schwimer called and the turn gave him a wheel draw, which he checked. Kenney bet $71,000, Schwimer called, and the completed the board on the river. Schwimer improved to two pair but checked to Kenney, who bet $165,000. Schwimer snap-called off his stack and then let loose some expletives upon seeing Kenney had the best hand to win the $597,200 pot. “Alright, that was fun boys,” Schwimer told the table before giving up his seat in the game. Remember, High Stakes Poker will air every Wednesday but is only available to PokerGO subscribers. If you’re not currently subscribed, you can get a monthly subscription for $14.99, a three-month plan for $29.99, and an annual subscription for $99.99. *Images courtesy of PokerGO.
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You too can be a redline monkey
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Online Sportsbook Promotions You Need to Know About Before the Big Game on Sunday
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The Big Game is quickly approaching, with only a few more days to go. Even if you bet on sports just casually, this Sunday is one day of the year that no one will want to miss. On February 7, the Kansas City Chiefs and the Tampa Bay Buccaneers will come head to head in Super Bowl 2021, and US sportsbooks are offering a host of valuable promotions to make your bets more exciting and entertaining. Get $10 Free With Big Game Parlay at BetMGM Sportsbook Place a One Game Parlay bet on the Big Game of at least $25, and BetMGM will give you $10 in free bets to use on any sports. To participate, simply log in to your BetMGM account, opt in to the promotion, and place a wager of at least $25 before the start of the game. Win or lose, you will receive your free $10. The One Game Parlay is a new type of bet added to BetMGM, allowing you to make a parlay wager on a single game by combining the winner, player props, or the total. The free bet can only be used in one go and it must be used within 30 days. However, the amount of the original bet will not be included in the winnings. Sign up to BetMGM Sportsbook today New Players Get a Risk Free First Bet up to $600 » Bet on Either Team to Score and Get 10x Your Bet up to $100 at FOX Bet FOX Bet is offering an interesting promotion for new bettors. If you do not have an account with the bookie as of yet, you can open one before the Big Game and get involved with this promo where you can get 10 times your original bet when you bet on either team to score. And since this game cannot end in a scoreless tie, you are assured to win! To take advantage of this valuable promo, just: Register a new FOX Bet account Make a real money deposit Place a wager up to $10 on either team to score in the Big Game There is no opt in required, but the offer is only available to new customers making their very first bet with FOX Bet. 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Penn National Stock Rallies on Constructive Barstool Sportsbook Comments
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Posted on: February 4, 2021, 09:38h.  Last updated on: February 4, 2021, 11:10h. Penn National Gaming (NASDAQ:PENN) stock is rallying Thursday, reversing an early morning slide, as analysts and investors react to company comments on the Barstool Sportsbook business. Penn National CEO Jay Snowden, seen here. Penn stock rallied today, helped by solid numbers in the Barstool Sportsbook division. (Image: Reading Eagle)The regional gaming name dipped earlier today after reporting fourth-quarter earnings per share of seven cents on revenue of $1.03 billion. Wall Street expected earnings of 24 cents on a turnover of $1.08 billion.Coronavirus-related closures in Illinois, Michigan, and Pennsylvania and increased restrictions in Ohio and Massachusetts were among the reasons revenue slumped 23 percent on a year-over-year basis. But adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) declined just nine percent, helped by margin improvements and strength at the operator’s southern venues.CEO Jay Snowden offered up encouraging commentary on Penn’s brick-and-mortar business.Trends in January thus far are encouraging. Visitation and length of play have improved, several of the properties that were forced to close in November and December have reopened, and our retail sports books continue to positively impact both gaming and non-gaming revenues,” he said in a statement.In midday trading, Penn stock is higher by more than five percent, making it one of the best-performing gaming equities today.Boosted by BarstoolPending an acquisition in Maryland, Penn will run more than 40 gaming venues in 20 states, making it the largest regional casino operator in the country. However, the stock’s nearly 3,000 percent gain from its March 2020 lows is mostly attributable to analysts’ and investors’ enthusiasm for the company’s internet casinos and Barstool Sportsbook units.Barstool Sportsbook debuted in Pennsylvania last September, subsequently acquiring 72,000 registered customers while generating a handle of $300 million with “very limited external marketing spend,” said Snowden.The sports wagering app debuted in Michigan on Jan. 22, and early results are solid. Snowden said the app already has 48,000 registered users and that total handle in the first 10 days of operation was $27.5 million.“Based on our analysis of the Michigan market, we believe this implies PENN achieved higher market share than its current 12-13 percent share in Pennsylvania, supporting investors’ confidence that it can be a top 5 player in online sports betting and suggesting potential upside to our 10 percent long-term target,” said Morgan Stanley analyst Thomas Allen.The company also pointed out that since its iGaming platform went live in Michigan on Feb. 1, 15 percent of sports betting clients are embracing the online casino product, too.Penn Stock Barstool Expansion CatalystsCurrently, the Barstool app is only available in Pennsylvania and Michigan. But Penn forecasts that number will jump to 10 by the end of this year.Last November, voters in Maryland and Louisiana approved sports betting. By way of buying operational rights of Hollywood Casino Perryville and an established presence in Michigan, Penn should easily be able to offer Barstool Sportsbook in those markets. Policymakers in those states are working on sports wagering framework this year, and there’s some chatter it could be up and running in Maryland in the summer.The company also said it’s pushing for sports betting to be approved in Massachusetts, Missouri, and Ohio — all states in which it runs regional casinos.
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Hand Review: Did Polk Shove Too Light for Value Versus Negreanu?
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February 04, 2021 Mo Nuwwarah The ongoing $200/$400 heads-up no-limit hold'em match between Doug Polk and Daniel Negreanu has captured the attention of the poker world, particularly with the dearth of other action of interest out there. Two legends of poker battling back and forth for pots worth sometimes hundreds of thousands of dollars has naturally produced some interesting hands that merit a closer look from a strategic point of view. Getting an expert's perspective on such a hand isn't easy considering how few HUNL specialists are out there and qualified to comment critically on these stakes, but PokerNews did manage to get hold of one: Kevin Rabichow. The high-stakes pro and Run It Once Poker ambassador graciously agreed to help break down a pot I found fascinating while covering the action. Kevin Rabichow The hand can be viewed here but for those not wishing to relive it in video form, here's how the action goes: Negreanu raised to $960 on the button and Polk reraised to $3,945. Negreanu four-bet to $10,800 and Polk called, bringing a flop. Both players checked and the turn was the . Polk led out $6,479 and Negreanu called. On the river, Polk shoved for $32,132. Negreanu quickly called with and won the showdown against to scoop a $98K pot. PokerNews: How does being 125 bigs deep change preflop strategy with these hands if at all? Is everything they do here standard? Kevin Rabichow: The interesting decision preflop as you get deeper is how do you adjust what you're going to stack off compared to three-bet-call or just call. Maybe you three-bet less than usual here but I still think this hand's always a three-bet. Sometimes you can five-bet all in for 100 bigs but maybe not 125. On the flop, we see both players check. I assume that's also pretty standard or is there an argument to bet because this is a good flop for the four-bettor's range, and aces and queens are potentially bad turns than can cost you a pretty big pot? It's common for button to bet range on this flop. The key thing is it's king-high. When the board comes king-high, the really important thing in heads-up preflop ranges is that button will have all ace-kings and big blind never has any ace-kings. You can't say that as confidently in other formats but in heads up you can. Daniel should probably just bet. If Doug folds queen-jack or something with an ace in it, you get some equity out of the pot and can charge a gutshot or open-ended straight draw. I think it's a little non-standard not to bet. If I was gonna check anything, my first choice would be queens or jacks, though. If you're gonna play checks, this hand is up there. After a turn, Doug leads one-third of pot. Is this for standard for value and protection? Doug is very GTO-focused. He's trying to just play well and learn from the solver. The solver wouldn't check very much. is the type of hand that wants to lead small. It does depend on what types of hands Daniel is checking back though. We had seen Daniel occasionally check as strong as top pair in these four-bet pots. That makes it really tough if he's checking . What Doug has to ask himself is, 'Is this hand good enough to bet for protection?' Not just does it want to because it clearly does. Keep in mind stuff like queen-six suited or ace-five suited are preflop bluffs and made a weak pair. That's part of the range that gets overlooked heads up. Daniel's gonna bluff with raggedy , . He could have pair of sixes or fives. If he folds out something like that has six clean outs, that's also great for him. It's kind of thin. I think it's still clear the bet is fine. We see a pot-sized shove on the river. I assume it's for value? Is this too thin? I think on the surface, it's a pretty normal shove in heads up. In this situation, it's a little thin. The key thing here is Doug's out of position. It's a thin value shove for one pot-sized bet, so that makes the math pretty easy. If he was to check and get shoved on he needs 33% to check-call. Traditionally if you make a value-bet, you want to get called by a range you're ahead of. When he shoves and gets called, maybe he's got 43% equity. It gets weird out of position with these thin, in-between hands. But, he's ahead of , , even which might hero. A rivered pair of sevens which is unlikely but maybe a hand that bluffed preflop could have gotten here. There's stuff that he beats but it's certainly not thrilling. But, Doug is someone who bluffs a lot, and Daniel will make hero calls. Maybe Doug doesn't think check performs very well. Maybe he's saying if he has or it's a cooler, which I kind of agree with. I think Doug's shoving for value fully expecting to lose more than time. Negreanu won the huge pot with jacks. So, even though he might be beat more than half of the time he's called, jam can still be good for value? You have to look at the [expected value] of check as a whole versus the EV of jam as a whole. If he jams, he always gets called by better hands and sometimes by worse hands. When he checks, Daniel will always check back the hands Doug beats. But, the concern is he will bluff sometimes and he will value-bet all the better hands. If he feels he cannot check-fold, then value-betting becomes worth considering. Does block-betting the river make any sense? From what I've seen of Daniel's game, I think block is very likely the best play. That would probably be my first choice. I think it's a good play. It's quite possible Doug randomized for his sizing or just kind of got caught up in making a greedy sizing choice. Blocking river in a spot like this is definitely part of good strategy. The likely response we're hoping for is Daniel calls with . If that's the play he takes even a little bit of time, that's an amazing result. We get extra value from fives and sixes and don't lose the max against and . What do regular players need to understand about heads-up no-limit that makes this shove good? I think the framework within heads-up no-limit is to realize like and , even if we think Daniel is conservative, it's not an overwhelming majority of his range. We can't focus so quickly on that part of his range. Because preflop ranges are so wide, it's important to remember that ace-high needs to call the turn and and need to call river a lot of the time against a jam. Just recognizing that the overall strategy good heads-up no-limit players use in this spot isn't overly focused on the top of Daniel's range. There's all this trash and all these other weak hands. What parts of heads-up no-limit can fans watching take and try to apply to their own games? Honestly, it's probably just aggression. Recognizing the value of finding bets and stacking off uncomfortably light. It trickles to the rest of your strategy. The benefit of Doug having plays like this that are thin and look wild is you allow yourself to be aggressive with the bluffs in your range and find thinner value bets as a result. Your aggression goes up and you win more pots. Almost all players are not aggressive enough, even professional players. Six-max, tournaments...players are by and large not aggressive enough. Here's a player at the top of the game on the biggest stage and he's going after it every pot. That's something worth trying to emulate, I think.
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Thinking of going back to my bar free roll tournaments
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I work full-time as a grocery store manager and have yet to have anyone around me get a positive test back. I'm actually really happy about that because every day I hear about entire stores having to close for a few days because someone got a positive test and the whole store had to quarantine.Before the pandemic, I played in a bar cash free roll league and would sometimes travel cross-state to Cherokee and hit up some small buy-in tourneys if I had a few days off.I really miss playing poker in person and today my league's newsletter came out saying the league was struggling to keep their deals with the bars they are hosted in because of low turnout. So out of a mix of loyalty, boredom, and eagerness to play live cards again, I told my league director I would probably stop in tonight to play.My question to you guys and gals is- is it worth the risk to play in person? It's a bar after all even if the bar is doing a quarter of what it used to do in sales so there's not that many people there. Have you played live since the pandemic started?Note: this is not a post about the pandemic itself. It's a thing. Coronavirus isn't a hoax and masks save lives. I'm strictly asking if I'm an asshole for wanting to go play in person or if the risks aren't worth it.
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Indiana Gaming Commission moves to revoke Rod Ratcliff’s casino license
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The Indiana Gaming Commission has reportedly moved to permanently revoke the Indiana casino license held by local entrepreneur Rod Ratcliff (pictured) over allegations that he failed to disclose the transfer of business funds into a personal wagering account. According to a Wednesday report from The Indianapolis Star newspaper, Ratcliffe partnered with former Centaur Holdings executive John Keeler in 2018 to lead a group that established Spectacle Entertainment so as to buy Indiana’s floating Majestic Star Casino Hotel and Majestic Star Casino Hotel II venues. This entity purportedly later successfully lobbied for the right to relocate one of these Gary riverboat casinos to a fresh and more profitable land-based site located along nearby Interstate 94. Coming casino: The newspaper reported that this new $300 million venue is set to debut later this year as the Hard Rock Casino Northern Indiana featuring a collection of about 1,650 slots alongside some 80 gaming tables. However, any opening ceremonies are purportedly not likely to feature Ratcliff as he was forced to resign as Chairman and Chief Executive Officer for Spectacle Entertainment in June as scrutiny concerning his past behavior increased. Questionable association: The Indianapolis Star reported that the Indiana casino magnate first came under the spotlight when federal law enforcement authorities and the Indiana Gaming Commission launched investigations into whether Keeler had helped to illegally funnel campaign contributions into a state lawmaker’s unsuccessful congressional run. Although Ratcliff was not named in the subsequent indictment, he did purportedly have his license temporarily suspended in December before being compelled to sell his stake in the coming 200,000 sq ft Hard Rock Casino Northern Indiana. Later lawsuit: Ratcliff reportedly responded by suing the Indiana Gaming Commission over claims that the interim suspension had come with ‘no notice, no hearing and no process’ and had additionally denied him the ‘ability to sell his shares on his own terms’ to the operator of the coming Lake County casino, Hard Rock International. Serious reply: However, the Indiana Gaming Commission reportedly countered on Monday by lodging a Lake County Superior Court petition that is seeking the permanent revocation of Ratcliff’s casino license. The regulator’s application purportedly contends that the entrepreneur had transferred approximately $900,000 from his casino business to personal betting accounts between 2015 and 2019 and had subsequently failed to disclose this information at the time of applying for his license. The newspaper reported that the request from the Indiana Gaming Commission alleges that Ratcliff had violated its licensing standards in 2018 by ‘submitting false information’ while simultaneously ‘hiding conduct that violates Indiana gaming rules and regulations’. The regulator purportedly moreover claimed that the businessman had later refused ‘on two separate occasions’ to meet with its investigators so as to answer questions regarding any allegations of unethical business practices. Converging course: The Indianapolis Star reported that this petition is to ultimately be reviewed by the Indiana Office of Administrative Law Proceedings, which is a state office charged with ruling on agency disputes. In the meantime and Ratcliff purportedly asserted that he ‘looks forward to his day in court’ so that he may ‘contest these baseless allegations.’
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Should I be shoving these rivers for maximum value?
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I'm getting the impression that I should be overbetting these spots given how quick people at these stakes are snapping off bets I would consider folding to on the river.All these hands are taken from micro stakes MTTS on a soft site, so the player pool seem to hate folding rivers even when the dynamic of the board clearly indicates nut advantages and what have you. Here are some examples, looking for feedback on bet sizing and extracting value in these spots when we know we're good.Here are some examples of the hands where i think i might be missing value.60/120Dealt to Thorneberry (90bb) [Ah 3h]PhillJupitus foldsbenladal foldsDarkenergy08 foldsbounceback foldsBella666 calls 1bblocitia5 (43bb) calls 1bbpapyRWDM calls 1bbThorneberry checks*** Flop *** [Ac As Jc]papyRWDM checksThorneberry checksBella666 checkslocitia5 bets 4bbpapyRWDM foldsThorneberry calls 4bbBella666 folds*** Turn *** [Ac As Jc] [9s]Thorneberry checkslocitia5 bets 9bbThorneberry calls 9bb*** River *** [Ac As Jc] [9s] [3c]Thorneberry bets 24bblocitia5 calls 24bb*** Showdown ***locitia5 shows [Ad 2h], Three of a kind, AcesThorneberry shows [Ah 3h], Full HouseHere I know the dude, probably has an ace (didn't imagine it could possibly be a worse one lol), the plan was actually to bluff a club on the river to see if we can get better ace to fold, as I play my flushes the same as this line, but the club is THE club and I'm worried blasting it will get dude to fold. Reckon I lost a little value here?Dealt to Thorneberry (90bb) [Jd Ad]*** Preflop ***benladal foldsDarkenergy08 foldsbounceback raises 3bbBella666 (65bb) calls 3bblocitia5 foldspapyRWDM foldsThorneberry calls 3bbPhillJupitus folds*** Flop *** [8d Kh Qd]Thorneberry checksbounceback bets 3bbBella666 calls 3bbThorneberry calls 3bb*** Turn *** [8d Kh Qd] [5d]Thorneberry checksbounceback checksBella666 bets 1bbThorneberry calls 1bbbounceback folds*** River *** [8d Kh Qd] [5d] [As]Thorneberry bets 25bbBella666 calls 25bb*** Showdown ***Bella666 shows [Kc 5s], Two pairs, Kings upHere I'm hoping ace connects with villain maybe they hit two pair. Again, should I just jam?(btw, dont really think I need to hide usernames, the site I use you can change them all the time so reckon it's probably fine to leave as is)
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Skillz Stock Sizzles on NFL Developer Deal
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Posted on: February 4, 2021, 11:04h.  Last updated on: February 4, 2021, 12:24h. Mobile games and esports tournament provider Skillz Inc. (NYSE:SKLZ) is on pace for its best day as a publicly traded company after announcing an agreement with the NFL. Kansas City Chiefs tight end Travis Kelce (left) and quarterback Patrick Mahomes. The NFL has a new esports deal with Skillz. (Image: Arrowhead Pride)The pact is unique compared to previous deals struck between gaming companies and professional sports leagues, in that it’s not about generating awareness of sports betting. Rather, the NFL and Skillz are teaming up to reach global game developers to crowdsource a future mobile esports product. Under the terms of the agreement, the league and the company are hosting a global game developer contest.Competing developers will have the opportunity to develop an NFL-themed mobile game. The game will be powered by the Skillz esports platform and will have joint marketing support from both the NFL and Skillz,” according to a statement.The aim is to leverage the NFL’s status as the most popular domestic sports league with the Skillz platform to create a new esports game.The combination makes sense, because there are more than 2.7 billion active mobile gamers and 10 million developers around the world. The Skillz/NFL developer challenge starts in the second quarter and creators can pitch any genre except for a game that would be a direct simulation of traditional 11-on-11 football.Skillz Stock: Hot New Gaming IdeaSkillz stock is another gaming name born out of a merger with a special purpose acquisition (SPAC). In fact, two of the founders of Flying Eagle Acquisition – the blank-check company Skillz merged with — created the SPAC DraftKings (NASDAQ:DKNG) and executed a reverse merger to become a public company last April.Skillz officially became a freestanding company on Dec. 17 following the transaction that valued the San Francisco-based company at $3.5 billion. Since then, the stock roughly doubled when accounting for today’s more than 22 percent surge and its market capitalization ballooned to $9.12 billion.Five analysts started coverage of Skillz stock over the past month, four with bullish ratings. The consensus price target on the name is $29.80, well below the $38.40 area at which it resides at this writing.In its brief time as a public company, Skillz is catching the eyes of buy-side investors, too, joining the rosters of some well-known exchange traded funds (ETFs).NFL Betting on Mobile Gaming GrowthConventional wisdom holds that professional sports leagues are warming to regulated sports wagering because the industry is growing and it’s an avenue for bolstering fan engagement.However, the forecasts for esports and mobile/social casinos are staggering. Market observers believe that could be a $150 billion-plus segment by 2025.Total esports viewership is expected to grow at a 9% compound annual growth rate (CAGR) between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023,” according to Insider Intelligence forecasts.By that year, esports television viewership could top all US professional leagues except the NFL.As for the mobile side of the equation, the NFL may have the right partner in Skillz. The company’s users spend 63 minutes a day playing its games — twice the industry average.Additionally, the Skillz retention rate for customers playing a game for at least a month is 24 percent higher than that of its rivals. Nearly a third of Skillz users playing free games ultimately become paying customers, according to the company.
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