5135 stories by Todd Shriber
BetMGM, Caesars Join Washington, DC Sports Betting Expansion
Washington, DC’s mobile sports wagering market will open to multiple competitors next week, stripping FanDuel of a brief monopoly. Starting Monday, BetMGM will be live with mobile betting in the District and there are indications Caesars Sportsbook will also be available citywide...
Betway Parent Super Group Latest US Sportsbook Operator to Wave Good-Bye
Another one bites the dust. Super Group (NYSE: SGHC), the parent company of Betway, announced Wednesday that it's departing the US sports wagering market, becoming the latest casualty in an increasingly top-heavy space. The company said the decision to depart the US...
Apax Partners Sells Last of Genius Sports Stake
Apax Partners, LLP sold the last of its 10% interest in Genius Sports (NYSE: GENI), ending a more than six-year relationship between the private equity firm and the sports betting data provider. The full monetization of its Genius stake arrived after Apax...
DraftKings, Penn Among Discounted Gaming Stocks, Says Morningstar
It has not been a good year for the broader universe of US-based gaming companies. With the exception of DraftKings, which is higher though lagging the broader market, stocks tied to casino and sportsbook operators are mostly lower on a year-to-date basis...
Sands, Wynn Price Targets Lowered on Recent Macau Softness
Following a surprisingly soft June gross gaming revenue (GGR) report in Macau, an analyst modestly pared price targets on Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), though he remains constructive on both casino stocks. In a new report to...
DraftKings Paying $100,000 New Jersey Fine Due to Erroneous Data Reporting
DraftKings agreed to pay a $100,000 penalty levied by the New Jersey Division of Gaming Enforcement (DGE) stemming from reporting errors that led to the wrong data being filed to the state. Reporting snafus by DraftKings led to Resorts Digital -- the...
Bally’s, Maverick Gaming Partnering on Rhode Island Poker Room
Bally’s and Maverick Gaming announced today that they are partnering on the poker room at the regional casino operator’s Twin River, R.I. gaming venue. Under the terms of the agreement, the poker room will be named the Bally’s Maverick Poker Room. Financial...
Flutter Entertainment Tipped as Bullish Gaming Idea
Shares of Flutter Entertainment (NYSE: FLUT) traded modestly higher Monday after the stock was dubbed a top long idea in new coverage by research firm Hedgeye. In a report to clients, analyst Sean Jenkins highlighted the online sports betting duopoly comprised of...
PSA Clarifies Issues at Plaza Casino Trading Card Vending Machine
Amid confusion, Professional Sports Authenticator (PSA), the largest grader of trading cards, is bringing clarity to the situation surrounding a vending machine at the Plaza Hotel & Casino in downtown Las Vegas. The machine at the casino hotel and others like them...
Caesars Boosts Sports Betting Tech with ZeroFlucs Acquisition
In a move aimed at bolstering its sportsbook technology, Caesars Entertainment (NASDAQ: CZR) said today it is acquiring ZeroFlucs Group Pty Ltd. The Australian company is a software provider whose products allow sportsbook operators to efficiently update odds and pricing while maintaining...
