FanDuel Sportsbook reported its first quarterly profit on Friday, marking a seismic shift in the sports gambling industry.
While inflation and recessions worries have cast doubt on the state of the American consumer, gamblers haven’t been phased, at least according to DraftKings CEO Jason Robins.
Good morning, and thank you, everyone, for joining Penn Entertainment's 2022 second quarter conference call. In addition to historical facts or statements of current conditions, today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Such forward-looking statements reflect the company's current expectations and beliefs, but are not guarantees of future performance.