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DraftKings, Penn Gaming Drop as Covid-19 Cancels Baseball

Published 07/27/2020, 01:41 PM
Updated 07/27/2020, 01:42 PM
© Reuters.
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By Christiana Sciaudone

Investing.com - Forget the peanuts and Cracker Jacks.

Major League Baseball's incipient season has already been sidelined thanks to the neverending scourge that is the coronavirus.

News of a virus outbreak in the league hit shares of sports betting venues. DraftKings (NASDAQ:DKNG) dropped almost 9%, Penn National Gaming (NASDAQ:PENN) fell 6.8% and MGM Resorts (NYSE:MGM) was down 6% with all bets off.

The Miami Marlins’ game versus the Baltimore Orioles Monday night was postponed after more than a dozen players and coaches tested positive for Covid-19, according to ESPN.

The Philadelphia Phillies, who hosted the Marlins over the weekend at Citizens Bank Park, also had their Monday night game versus the New York Yankees postponed, CBS Sports said.

Major League Baseball said in a statement that members of the Marlins' traveling party are self-quarantining. Marlins CEO Derek Jeter said the team will remain in Philadelphia until it receives another round of test results, expected back on Monday.

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