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Matthew Waters

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As seen in: PLOS, The Indiegogo Review, JD Supra, NewsBreak, Mondaq, AACSB Insights, Legal Sports Report, Lineups, Online Poker Report, CDC Gaming Reports and
Assistant managing editor, @LSPReport. Love my kids and Philly sports. #TrustTheProcess MatthewWaters@LegalSportsReport.com
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Articles

Penn Prepared For Promotional ‘Arms Race’ This Football Season

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By Matthew Waters Verified
| Legal Sports Report Verified
Penn Entertainment is ready for a wildly competitive promotional environment this football season. It will be the first full season NFL or college football for most prediction market operators, a dynamic expected to drive up customer acquisition costs. Combined with already-intense competition in some markets and FanDuel’s plan to invest heavily in customer acquisition and retention, the fourth quarter is shaping up to be especially challenging from a marketing standpoint.
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Analysts Cut FanDuel Parent Targets On Higher Promotional Spending

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By Matthew Waters Verified
| Legal Sports Report Verified
Analysts remain bullish on Flutter but cut their targets as the company lowered guidance for FanDuel with more promotional investment coming. Flutter said its mishandling of promotions to FanDuel customers in the fourth quarter led to “subdued” underlying market growth during the first half.
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Kambi Enters Las Vegas Locals Market With Red Rock Partnership

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By Matthew Waters Verified
| Legal Sports Report Verified
Kambi is bringing its sports betting technology to Nevada for the first time through a deal with Red Rock Resorts announced Wednesday. The 10-year agreement is expected to increase Kambi’s annual revenue by a mid-single-digit million-euro amount beginning next year. Designed specifically for Nevada, Kambi’s product includes its sportsbook, racebook and player account management platforms.
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