Detroit Casino Council Is Calling Public To Boycott 4 Sports Betting, Online Casino Platforms Linked With 3 Casinos Where Workers Been Forced On Strike; Include FanDuel, Soon-To-Be-Launched ESPN Bet And Hollywood iCasino And BetMGM
Portfolio Pulse from Benzinga Newsdesk
The Detroit Casino Council is urging the public to boycott four sports betting and online casino platforms associated with three casinos where workers are on strike. The platforms targeted for the boycott are FanDuel, ESPN Bet (soon to be launched), Hollywood iCasino, and BetMGM.
November 10, 2023 | 8:54 pm
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NEGATIVE IMPACT
Boyd Gaming Corporation, potentially linked to Hollywood iCasino, may face a negative impact due to the boycott call by the Detroit Casino Council.
Boyd Gaming Corporation's association with Hollywood iCasino could lead to reduced revenue and negative public perception if the boycott gains traction, impacting short-term stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The Walt Disney Company, set to launch ESPN Bet, may experience a negative impact due to the boycott call amidst the labor strike at associated casinos.
The Walt Disney Company's involvement in the gambling sector through ESPN Bet could be marred by the boycott, potentially delaying the platform's successful launch and affecting investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MGM Resorts International, associated with BetMGM, could be negatively impacted by the boycott call due to the ongoing labor strike at its linked casinos.
MGM Resorts International's stock may suffer in the short term as the boycott against BetMGM could lead to decreased user engagement and tarnish the brand's reputation, affecting revenue and investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Flutter Entertainment, the parent company of FanDuel, may see a negative impact on its stock due to the boycott call by the Detroit Casino Council.
As the parent company of FanDuel, Flutter Entertainment could face a decline in user activity and public image, potentially affecting its financial performance and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60