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PrizePicks, the largest daily fantasy sports company, isn’t pursuing an outright sale, according to one of the people, who asked to not be identified discussing information that hasn’t been made public.
That's the news that broke Thursday courtesy of Bloomberg.
PrizePicks has, nonetheless, hired the investment bank Moelis & Co. (NYSE: MC) to scout out M&A opportunities, according to Bloomberg News.
Co-founder and CEO, Adam Wexler, hasn't said a word since the Bloomberg report. In fact, he's been noticeably quiet via his LinkedIn page. He's typically been pretty active otherwise.
"The company isn’t pursuing an outright sale, according to one of the people, who asked to not be identified discussing information that hasn’t been made public."
— Alfonso Straffon (@astraffon) July 26, 2024
PrizePicks Daily Fantasy Sports Site Hires Moelis to Seek Dealshttps://t.co/zVxUC1eSp4 pic.twitter.com/vuLgLr7Wrr
How to Be a Baseball BookieJust think about it, on average there are 162 regular MLB game per season. If a gambler bets $100 on one team per season with a 10% vig, you can earn $1,620 from them. Multiply that by the number of friends you have that follow baseball and it can become quite high. |
Poker Player Wins $2.2 Million on $5 Bet
Someone at the Venetian Resort in Las Vegas just won $2.2 million playing Face Up Pai Gow poker on a $5 wager by having a seven-card straight flush, which happens when all the cards are the same suit and in sequential order. Here the player got a 7, 9, 10, jack, queen, and king in clubs, with the joker serving as an 8.
The Venetian Resort posted the big win without identifying the player via its Facebook page.
The payout of $2,211,469 is the largest amount won in Pai Gow Progressive in the casino's history. The Venetian Resort has been around now for 25 years, so that's saying a lot.
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