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Information, opinions, previews, hardware critiques, movies, and more! By its upcoming app, the corporate said it hopes to capture a portion of the C$500m US$395 that Ontario residents spend on online gambling each year – a market extensively anticipated to extend in the coming years as new entrants are granted permission from the province to operate on-line. Penn has seen its stock rise practically 750% in the past 12 months amid further legalization of sports activities betting and its funding in fashionable sports activities website Barstool. Barstool founder Dave Portnoy has talked about the inventory often whereas taking on investing publicly throughout the COVID-19 pandemic. Caesar’s is in the method of mixing with William Hill to create a bigger rival for online sports activities betting in the U.S., and the stock has enjoyed sturdy beneficial properties before now yr, after falling in late February and early March of last 12 months as fears of the impending pandemic grew.