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draftkings casino and sportsbook89 million shares in the third quarter, while also eliminating investment in rival DraftKings (NASDAQ:DKNG).Earlier today, the state of Michigan said online sportsbook operators generated a combined handle of 5.Likewise, his family office eliminated a position in Las Vegas Sands (NYSE:LVS) during the fourth quarter, leaving Penn as the only gaming name on the firm’s roster of equity holdings.A 13F from Andreas Halvorsen’s Viking Global confirms that the hedge fund reduced its Las Vegas Sands investment in the December quarter.Penn, which has been one of the hottest gaming stocks since the March 2020 coronavirus market bottom, resides around 5 today.That’s impressive, because Barstool’s marketing spending is essentially non-existent at this point, while competitors are willing to bleed cash in the name of customer acquisition.firekeepers casino restaurants

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