Fanatics Casino Launches with $2 Million FanCash Drop
Fastest Growing Online Casino in America* Is Now Available in Michigan, New Jersey, Pennsylvania and West Virginia Via Desktop and Standalone App
Fanatics Casino App
NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Today, Fanatics Betting and Gaming announced the launch of Fanatics Casino on iOS and Android in Michigan, New Jersey, Pennsylvania and West Virginia. Fanatics Casino is also launching a web version today in West Virginia with Michigan, New Jersey and Pennsylvania coming soon.
To celebrate the launch of the fastest growing online casino in America, all Fanatics Casino customers can enter a sweepstakes for a chance to win a share of $2 million in FanCash**. Fanatics Casino customers can wager $10 on their favorite casino games for an entry into the sweepstakes. Every Thursday in May and June, Fanatics will draw winners and drop a share of $250,000 in FanCash into their accounts. Each week, one winner will take home the top prize of $25,000 in FanCash.
Players are invited to dive into a world of thrills as Fanatics Casino brings the casino floor directly to a customer's fingertips, whether on-the-go or in front of a computer. Players can explore a wide array of classic and modern casino games, including slots, blackjack, roulette, progressive jackpots and video poker. Each game is crafted to deliver authentic casino action, ensuring endless entertainment.
Fanatics Casino offers a comprehensive and engaging gaming experience with the following features:
Offer: We are giving first time players 500 free spins for Cash Eruption over 10 days when you wager $10.***
Unlock the world of FanCash: When you play with Fanatics Casino, players can earn FanCash on every spin, hand or roll, win or lose. Flip your FanCash into Casino Credit, Bonus Bets, exclusive apparel and so much more.****
Daily Free Spin: Play the exclusive Fanatics Casino Spin to Win game every day for a chance to win Casino Credit, Free Spins, merch and more.*****
Live Dealer Action: Engage with professional dealers in real-time through our live casino feature. Experience the excitement of live blackjack, roulette and baccarat, all from the comfort of your home.
24/7 Support: A dedicated customer support team is available around the clock to assist with any inquiries or issues, ensuring a smooth and enjoyable gaming experience.
In an effort to deliver a world class gaming experience, Fanatics Casino has curated a portfolio of games from its in-house development team, as well as the most popular game developers in the world including:
Fanatics Game Studios: Fanatics Casino will feature exclusive content developed in-house by Fanatics Game Studios including the popular Fanatics Fire Roulette, Fanatics Blackjack and Fanatics Multi-hand Blackjack games.
Light & Wonder: Light & Wonder will supply Fanatics Casino with top-performing first-party titles including 88 FORTUNES™, JIN JI BAO™ ENDLESS TREASURES™, DANCING DRUMS EXPLOSION™ and ULTIMATE FIRE LINK™ CHINA STREET™. Additionally, through the Light & Wonder content marketplace, Fanatics Casino gains access to premium titles from a wide range of top studios, offering an unrivaled entertainment experience for players.
IGT PlayDigital™: Fanatics Casino players can enjoy a range of highly engaging IGT PlayDigital games including many of the classic titles that iGaming players love including Cash Eruption™, Fortune Coin™, Mystery of the Lamp™, Double Top Dollar™ and Cleopatra™, as well as proprietary table games and video poker content.
Evolved Live Casino Games: Fanatics Casino has partnered with Evolution to provide customers with world-leading live casino games including Blackjack, Roulette, Craps, Baccarat and Poker variants. In addition, Evolution will provide Fanatics Casino with an exciting lineup of online slots, the award-winning Lightning Roulette, and many more.
White Hat Studios: Known for bringing branded entertainment to life, White Hat Studios will offer Fanatics Casino customers access to popular slots, including the hit titles Goonies Hey You Guys™ and Ted Cashlock™. Fanatics Casino will also house a curated selection of White Hat Studios' dedicated table games and popular slots including Almighty Buffalo™ Megaways™.
All the Way with Wazdan: Players in NJ, PA and MI only can enjoy Wazdan's most iconic titles, 9 Coins™ Grand Gold Edition, Hot Slot™: 777 Crown, and Magic Spins™.
Fanatics Betting and Gaming is committed to responsible gaming. Fanatics Casino encourages customers to Play with A Plan using in-app tools that allow customers to set time, deposit and wager limits. Fanatics Betting and Gaming has also partnered with Birches Health to provide additional support services intended for customers with issues managing their play.
For exciting casino content please follow the Fanatics Casino social channels on X @FanaticsCasino and on Instagram @FanaticsCasino.
About Fanatics Betting and GamingLaunched in 2021, Fanatics Betting and Gaming is the online and retail sports betting subsidiary of Fanatics, a global digital sports platform. The Fanatics Sportsbook is available to 95% of the addressable online sports bettor market in the U.S. Fanatics Casino is currently available online in Michigan, New Jersey, Pennsylvania and West Virginia. Fanatics Betting and Gaming operates twenty-two retail sports betting locations, including the only sportsbook inside an NFL stadium at Northwest Stadium. Fanatics Betting and Gaming is headquartered in New York with offices in Denver, Leeds and Dublin.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d5e9523-d81c-40dd-8e4e-1ba9c53241b6Sign in to access your portfolio
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
35 minutes ago
- Business Wire
Twilio and Orange to Bring Secure and Interactive RCS Messaging to Businesses in France
LONDON--(BUSINESS WIRE)--Today at Transform London, Twilio announced that it is partnering with Orange, one of the world's leading telecommunications operators, to scale the use of RCS Business Messaging across France. This partnership represents a major milestone in the evolution of mobile messaging in the country, providing French and international businesses with a rich, interactive, and secure communications experience directly in their messaging app. RCS already covers over 70% of the mobile base in France as of June 1, 2025 — representing more than 45 million smartphones — and is projected to reach 85% by the end of the year. In this context, Orange has chosen Twilio's globally recognized expertise to support the deployment of this next-generation messaging solution. Trust and transparency have become central to customer expectations. RCS fully addresses these priorities by enhancing the credibility and impact of brand communications. According to Twilio's 2025 State of Customer Engagement Report, 3 in 4 businesses plan to invest in RCS messaging this year and 81% of consumers prefer RCS over traditional SMS. 'We are delighted to work with Twilio, a global technology leader that is helping to drive the transformation of digital communications worldwide. This partnership will help to accelerate the deployment of RCS Business messaging in France. With 70% of smartphones now able to send and receive RCS messages according to our latest figures, it is set to become the new standard for mobile messaging. RCS Business Messaging offers improved security for brands, which creates a trusted relationship with customers while enhancing brand credibility. This in turn will lead to greater response rates and improved customer engagement,' said Amelia Newsom Davis, Director Payment, Messaging and Identity at Orange France. As the natural evolution of SMS, the RCS protocol is now available across both Android and iOS devices. It supports enriched exchanges and an interactive experience with features like images, carousels, actionable buttons, and detailed performance tracking. By partnering with Twilio, Orange will enable businesses in France to drive stronger customer engagement while maximizing message reach. For the remaining portion of the mobile base not yet covered by RCS, Twilio ensures seamless fallback to SMS, guaranteeing continuous service for all users. 'Customers in France expect more than just messages, they want secure, engaging interactions they can trust. RCS gives businesses a powerful way to deliver rich, branded conversations directly in the native messaging app, with verified sender identity. We share a common vision with Orange: to make communication more human, more dynamic, relevant and amazing. This partnership will enable businesses to boost engagement, efficiency, and trust, while offering a more dynamic experience that truly leaves an impression on customers. And in a landscape filled with plenty of competing digital noise, RCS represents an opportunity to stand out from the crowd,' said Tony Cheema, Vice President, EMEA, Communications at Twilio. For more information about Twilio's RCS services and how they can help your brand deliver reliable, personalized communications at scale, please visit About Twilio Today's leading companies trust Twilio's Customer Engagement Platform (CEP) to build direct, personalized relationships with their customers everywhere in the world. Twilio enables companies to use communications and data to add intelligence and security to every step of the customer journey, from sales to marketing to growth, customer service and many more engagement use cases in a flexible, programmatic way. Across 180 countries, millions of developers and hundreds of thousands of businesses use Twilio to create magical experiences for their customers. For more information about Twilio (NYSE: TWLO), visit:
Yahoo
3 hours ago
- Yahoo
City of Winter Haven proposes significant increase in impact fees
The Brief The city of Winter Haven has proposed significant increases in impact fees for new development. According to the city, Winter Haven has more than doubled in population from around 25,000 to 60,000 in the past 25 years. The second hearing on the proposed impact fees will take place on June 23. If city commissioners approve, the fees will take effect on Oct. 1. WINTER HAVEN, Fla. - With more and more people moving to Polk County, city leaders in Winter Haven are preparing for future growth. They're proposing a significant increase in impact fees for new development. JD Dobratz is the co-owner of the Union Taproom in downtown. "The Union Taproom is a self-pour tap room. We have 40 taps of craft beer, wine and soda," said Dobratz. "I think people are flocking to our city." He opened the business two years ago, though he moved to the city 20 years ago from Michigan. "I think our proximity to Tampa and Orlando makes us a great little town," said Dobratz. "You can get to both airports quickly and easily. Either coast is convenient to Winter Haven." According to the city, Winter Haven has more than doubled in population from around 25,000 to 60,000 in the past 25 years. Leaders are proposing raising impact fees on new development to help cover the costs for parks and recreation, fire, and libraries. Currently, for a single-family home, the fee is $2,431.58, and it would rise to $5,820.55, an increase of 139%. What they're saying "It's there to ensure the quality of life drawing you to this area that makes you want to be a part of the community--that we have the financial resources in place to continue to sustain that qualify of life in spite of all the growth," said City Manager, T. Michael Stavres. READ: New affordable housing complex opens in Winter Haven, offers on-site medical, mental health services Dobratz says he thinks new development should shoulder the burden more than existing establishments. "It's necessary to have the proper infrastructure and, so as the city needs to grow, it's necessary to fund that growth," he said. What's next The second hearing on the proposed impact fees will take place on June 23. If city commissioners approve, the fees will take effect on Oct. 1. CLICK HERE:>>>Follow FOX 13 on YouTube The Source Information for this story was gathered by FOX 13's Carla Bayron. STAY CONNECTED WITH FOX 13 TAMPA: Download the FOX Local app for your smart TV Download FOX Local mobile app: Apple | Android Download the FOX 13 News app for breaking news alerts, latest headlines Download the SkyTower Radar app Sign up for FOX 13's daily newsletter


Business Insider
3 hours ago
- Business Insider
Why Qualcomm's (QCOM) Long-Term Prospects Shine, Even if the Stock Doesn't
Qualcomm (QCOM) has underperformed over the past year, declining 26%, primarily due to macroeconomic factors rather than internal company mechanics. Although the company's fundamentals remain very solid, it has faced some headwinds, such as concerns that its business is too concentrated on Apple (AAPL) for modem revenue, despite its broader operations still being more rooted in the Android ecosystem. Confident Investing Starts Here: Still, that doesn't stop me from seeing the stock as a long-term Buy —especially since my bullishness comes from Qualcomm's key competitive advantage: its ability to build the Snapdragon platform, which integrates a modem, CPU, and even a GPU chip—something no other competitor can currently match. This positions the company to tap into new business opportunities that could help offset its current customer concentration. Beyond that, Qualcomm's asset-light model allows it to generate very high returns on its investments, highlighting its operational efficiency, strong financial health, and consistent value creation for shareholders. This helps justify the company trading at a slightly stretched valuation when considering its operational profits relative to enterprise value. Inside Qualcomm's Capital-Light Playbook When looking for value stocks, one of the most important factors—if not the most important—is a company's ability to generate consistent earnings. Examining QCOM's balance sheet reveals a capital-light, high-margin model driven by intellectual property (IP) and characterized by heavy investment in research and development (R&D). As a fabless semiconductor company, Qualcomm relies on external manufacturing partners such as TSMC (TSM) and Samsung (SSNLF) for chip production. Notably, only approximately 7% of its $55.3 billion in total assets is allocated to property, plant, and equipment (PP&E), which is relatively low compared to the industry average. This underscores the efficiency of its asset-light business model and the minimal physical infrastructure required to support its operations. Roughly 18% of its assets are classified as goodwill, indicating a strong track record of acquisitions, which is clearly part of its strategy to acquire intellectual property (IP) or talent rather than build everything in-house. One recent example is the $2.4 billion acquisition of the UK-based semiconductor firm Alphawave. Additionally, approximately 12% of Qualcomm's total assets are tied to IP licensing and chip design. That makes sense, given its dominant position in the Android smartphone chip market, especially in the high-end segment with its Snapdragon lineup. The Power of Lean Capital at Work Given that around 37% of Qualcomm's total assets are intangible, it's worth considering the company's actual operational efficiency once these intangibles are excluded. To gain a clearer picture, it is sensible to examine how Qualcomm allocates its limited tangible capital to generate profits. Over the past twelve months, Qualcomm produced an operating profit of $12.3 billion. During the same period, its net working capital was approximately $2.7 billion, and its invested capital—mainly property, plant, and equipment, and other intangibles—totaled roughly $8.28 billion. Dividing the operating profit by this invested capital plus working capital yields an eye-catching ~112% return on capital (ROC). That kind of number highlights Qualcomm's exceptional operational efficiency, something typically only seen in asset-light, IP-driven tech or software companies. For context, most of these firms operate with a return on capital (ROC) well below 50%. In short, despite a balance sheet loaded with intangibles, Qualcomm proves that it's highly efficient with the real capital it uses. And that translates into three key advantages: sustainable value creation, a durable competitive moat, and stronger financial flexibility. Why Qualcomm's Price Tag Might Still Make Sense Even a company with a high return on capital isn't necessarily a buy—not if you're overpaying for it. That's why it's vital to assess operating profitability in relation to the company's total valuation, not just traditional P/E or P/B metrics. One way to do this is by comparing operating profit to enterprise value (EV), which reflects what the market is actually paying for the entire business. In Qualcomm's case, we can measure this by dividing its operating profit by its enterprise value (EV). Over the last twelve months, Qualcomm generated $12.3 billion in operating profit, while its current enterprise value stands at $164.6 billion. That results in an earnings yield of 7.5%. To interpret that number correctly, it should be compared to Qualcomm's cost of capital. Using a 10-year treasury yield of 4.5%, a beta of 1.2, and an equity risk premium of 4–5%, the estimated cost of equity falls between 9% and 10%. Since the earnings yield of 7.5% is below this range, Qualcomm doesn't appear particularly cheap at the moment. However, judged against historic performance against the S&P 500 (SPX), QCOM stock has underperformed. That said, this isn't necessarily a red flag. Even if the stock looks a bit expensive on this metric, Qualcomm continues to create value through its exceptional return on capital and strong cash generation. This is reflected in its sustainable 2.28% dividend yield and $16.5 billion in share buybacks over the past four years. Given Qualcomm's maturity, profitability, and operational efficiency, a lower earnings yield may be viewed as acceptable, reflecting a premium for quality and stability. Is QCOM a Buy, Sell, or Hold? Analyst sentiment on Qualcomm stock is somewhat mixed. Out of 17 experts who've issued ratings in the past three months, eight are bullish, eight are neutral, and just one is bearish. Still, there's little hesitation when it comes to upside expectations. Qualcomm's average stock price target is at $177.75, suggesting ~14% in potential upside over the next twelve months. Qualcomm's Value Goes Beyond the Price Tag While traditional valuation metrics may indicate that Qualcomm is undervalued, I believe that perspective overlooks the company's strong operational efficiency. Qualcomm doesn't need to appear 'cheap' to represent a compelling investment opportunity. Its robust, above-average returns on capital, driven by an asset-light business model, demonstrate its ability to create substantial shareholder value and may, in fact, justify a valuation premium. Viewed through this fundamental lens, and given Qualcomm's consistent track record of long-term value creation, I consider it a solid long-term investment, even at its current, relatively full valuation.