Daily fantasy sports operator DraftKings has raised $153m via a new funding round, suggesting some investors still have faith that the company may one day turn a profit.

On Thursday, DraftKings announced its new cash infusion but declined to specify at what price point the new investors had bought in. The Boston Globe reported that the financing valued DraftKings at around $1b, around half the price the company was believed to be worth prior to last year’s spectacular DFS meltdown.

Among the new investors is Revolution Growth, a venture capital firm led by Ted Leonsis (pictured), who owns both the NBA’s Washington Wizards and the NHL’s Washington Capitals. Leonsis has previously supported calls to end the federal ban on real sports betting and holds a major stake in sports data providers Sportradar AG, whose clients include major international bookmakers.

DraftKings CEO Jason Robins issued a statement welcoming his new backers while claiming that the latest funding round was “oversubscribed.” Robins singled out Revolution Growth as “a tremendous new partner” that has “deep expertise in sports, technology and policy.” Revolution partner Steve Murray has been given a seat on DraftKings’ board of directors.

Daily fantasy sports operator DraftKings has raised $153m via a new funding round, suggesting some investors still have faith that the company may one day turn a profit.

On Thursday, DraftKings announced its new cash infusion but declined to specify at what price point the new investors had bought in. The Boston Globe reported that the financing valued DraftKings at around $1b, around half the price the company was believed to be worth prior to last year’s spectacular DFS meltdown.

Among the new investors is Revolution Growth, a venture capital firm led by Ted Leonsis (pictured), who owns both the NBA’s Washington Wizards and the NHL’s Washington Capitals. Leonsis has previously supported calls to end the federal ban on real sports betting and holds a major stake in sports data providers Sportradar AG, whose clients include major international bookmakers.

DraftKings CEO Jason Robins issued a statement welcoming his new backers while claiming that the latest funding round was “oversubscribed.” Robins singled out Revolution Growth as “a tremendous new partner” that has “deep expertise in sports, technology and policy.” Revolution partner Steve Murray has been given a seat on DraftKings’ board of directors.

More than a week since Wynn Resorts Ltd.’s $4.2 billion Macau resort opened its doors to the public, analysts are already seeing some writings on the wall.

Bloomberg reported that the slow entry of tourists and the possibility that Wynn Palace taking business from local rivals is causing concern to analysts that are tracking the performance of the mega resort, which opened on August 23.

Unlike other recent casino openings, Union Gaming analyst Grant Govertsen pointed out in a research note on Monday that tourist influx in the casino, particularly the mass market customers, “felt slow.”

He also pointed out several reasons preventing mass-market customers from staying in the 1,700-room resort, including the exorbitant cost of gondola ride; the long walk around the lake to get to the casino entrance; and the light rail construction in front of the resort.

After 26 straight months of decline, Macau has finally recorded its first growth.

The world’s biggest casino hub saw its gross gaming revenue eke a 1.1 percent growth in August to reach MOP18.8 billion (USD2.4 billion)—the first upward tick for the former Portuguese enclave since May 2014, when its monthly revenues plummeted to five-year lows due to slow economic growth and Beijing’s crackdown on corruption.

Macau’s August performance beat the analysts’ prediction of 1.5 percent drop, thanks to the opening of Steve Wynn’s $4 billion Wynn Palace resort in Cotai.

“All of our conversations with the Big 6 operators have suggested that August trends were good, especially at the mass market level. However, we believe the growth in GGR was likely attributable to some number of high-end players coming to Wynn Palace,” Union Gaming analyst Grant Govertsen said in a note.

A Cinderella story.

Most people love hearing such a story – of how a person who started out in a dire circumstance was able to turn his life around and has lived happily ever after. There are those who root for the underdogs, hoping that despite the odds, they will come out the victor.

But for some reason, people are finding it difficult to root for former Texas Gov. Rick Perry – even just on reality TV show, Dancing With the Stars.

As a backgrounder, Perry failed to get the Republican Presidential nomination, not once but twice and has somehow become a staple of American jokes. Members of the LGBTs hates him for his views on homosexuality and his anti-same-sex marriage stance.

South Korean electronics giant Samsung is reportedly considering how blockchain can be used in today’s evolving financial and technology sectors.

Blockchain is the underlying technology that supports popular digital currency bitcoin. It makes use of cryptography to create a distributed ledger system in order to hold and spend money in a more open, transparent and flexible manner compared to the traditional bank or credit card companies.

And this is what the Samsung Group is looking into. According to The Korea Times, CEOs of the multinational company recently attended a lecture on the technology.

A report claimed Samsung was planning “to set up a blockchain system among its financial subsidiaries as early as October, to expand it to diverse financial services next year.” But this was refuted by a Samsung Group spokesman, who told The Korea Times that the executives attended the lecture to learn the basic concepts of the technology.