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Updated. The deal, which has been rumored for weeks, comes as the daily fantasy sports industry continues to wade through regulatory pressures state-by-state regarding the legality of the games.
A deal with Governor Cuomo related to the overhaul of New York City's Penn Station could almost triple the value of MSG's air rights to $1.3 billion, BTIG says.
Here are Wednesday's top research calls, including upgrades for Twitter and Yum! Brands, and downgrades for Quintiles and Wells Fargo.
About 12% of total daily fantasy sports players live in the Empire State.