2501 stories by Todd Shriber
Playtika Selling Controlling Stake to Joffre Capital
Technology buyout fund Joffre Capital is acquiring a controlling interest in mobile gaming company Playtika (NASDAQ:PLTK) from majority investor Playtika Holding UK II Limited (PHUK II). Joffre is paying PHUK II $21 a share for a 20% stake in Playtika -- a...
MGM Extends Branding Accord with Macau Unit
MGM China reached an agreement MGM Resorts International (NYSE:MGM) to continue using one of the gaming industry’s most recognizable brands. The Chinese entity is the Macau arm of the Las Vegas-based gaming behemoth and operates MGM Cotai and MGM Macau in the...
MLB Could Waive Relocation Fee to Spur A’s Las Vegas Move
In a bid to speed along the team’s potential move to Las Vegas, Major League Baseball (MLB) is reportedly mulling waiving a hefty relocation fee for the Oakland Athletics. Citing sources with knowledge of the situation, the New York Post broke the...
BetMGM Becomes BetQL Network Sportsbook Partner
BetMGM is adding another media partnership to its portfolio, announcing today it’s the official sportsbook of the BetQL Network. The BetQL Network is the sports betting content arm of Audacy, which is one of the dominant sports radio station operators in the...
Casino Stocks at Risk as Consumer Confidence, Spending Wanes
Casino stocks are flailing this year, and that scenario could worsen, as inflation weighs on consumer spending. Some experts say that’s already happening. Citing a 0.3% drop in retail sales in May -- and a dismal University of Michigan consumer sentiment report...
Fanatics Wins Initial Approval for Maryland Sportsbook
In another sign that its sports betting entry is imminent, Fanatics last week was granted preliminary approval for a brick-and-mortar sportsbook in Maryland. The Maryland Lottery and Gaming Control Commission (MLGCC) unanimously voted in favor of the move at its June meeting...
Barstool’s David Portnoy Lashes Out at Supreme Court Following Roe Decision
Barstool Sports founder David Portnoy laid into the Supreme Court today following the controversial decision to overturn Roe v. Wade, making abortion an issue to be decided at the state level. In a video posted to Twitter earlier today in which he...
Circa Owner Derek Stevens Latest Gaming Exec to Express Inflation Concerns
Downtown Las Vegas casino owner Derek Stevens is the latest gaming executive to sound a warning bell on inflation and a possible recession. In Thursday comments before the Nevada Gaming Commission (NGC) the owner of Circa, the D, the Golden Gate, and...
Bally’s Stock Surges on $190 Million Dutch Auction Plan
On a day of strength for gaming equities, Bally’s (NYSE:BALY) is standing out. That's after the regional casino operator announced a Dutch auction to repurchase up to $190 million worth of its shares outstanding. In midday trading, shares of the Rhode Island-based...
Bally’s Creditors Hire Lawyers to Possibly Block Rhode Island Casinos Real Estate Deal
Bally’s (NYSE:BALY) creditors, led by Fidelity, have hired legal counsel in a bid to potentially block the gaming company’s plans to engage in a $1 billion sale-leaseback of its two Rhode Island casinos. It’s believed holders of $1.9 billion worth of Bally’s...
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