Dave and Buster’s is getting into the betting business
CNN
You can already bet real money on basketball, baseball, and football – so why not Skee-Ball, Hot Shots basketball or Dance Dance Revolution?
You can already bet real money on basketball, baseball, and football – so why not Skee-Ball, Hot Shots basketball or Dance Dance Revolution? Dave and Buster’s (PLAY), the popular restaurant and entertainment chain, is getting into the betting business. The company is looking to make some extra revenue on the back of the explosion of online sports betting apps over the past five years. But unlike companies like DraftKings, FanDuel and Caesars, Dave and Buster’s wants to get involved in another kind of gambling, the $6 billion social betting sector. A new partnership with gamification technology company Lucra could let its five million D&B loyalty members make small bets, likely between $5 and $10, on arcade games through the company’s app. Dave and Buster’s currently operates about 222 venues across North America and boasts nearly 50 million unique visitors a year. Shares of the company, which also runs Main Event Entertainment, are up more than 50% over the past 12 months. The move into gambling means introducing technology that allows users to make wagers on low-stakes social games.
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion.
The cat’s out of the bag: Jaguar has unveiled a new logo that emphasizes its posh pronunciation as it transitions into a “new era” that emphasizes its all-electric vehicle lineup.
Markets sold off Tuesday as geopolitical tensions escalated between Ukraine and Russia.
Protesters opposed to Tesla’s expansion of its plant near Berlin were holding out in trees Tuesday as German police sought to clear their forested camp.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.
Donald Trump is returning to the White House without many of the guardrails of his first term.