Investing.com investing.com 08 Jan, 2021 20:15 am

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

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

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.

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