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New York Mulls Online Betting, Pushing Penn and DraftKings Higher By Investing.com

Penn Gaming and DraftKings Inc (NASDAQ: DKNG ) rallied Friday on the tantalizing possibility that New York will legalize online gambling.The firm raised the price target on Penn National Gaming (NASDAQ: PENN ) to $100 from $84, while maintaining a buy-equivalent rating after New York Gov.New York would be the most-populous state yet to allow online gambling, Bloomberg reported.Kim estimated the New York market to be worth about $650 million based upon conservative average per resident betting of about $34.
Cuomo "intimated that the New York Lottery would be the sole manager, which is similar to Oregon and New Hampshire.Deutsche Bank to pay more than $124 million to resolve bribery, metals charges p By Noor Zainab Hussain and Jonathan Stempel NEW YORK (Reuters) - Deutsche Bank AG (NYSE:DB) agreed to pay more than $124 million to avoid prosecution and resolve charges it.