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Todd Shriber
5705 stories by Todd Shriber
iGaming, Sports Betting Markets Seen Swelling to $26.8B in 2025
The domestic iGaming and online sports betting markets could notch combined gross revenue of $26.8 billion this year on their way to topping $41 billion by 2028, according to Vixio Regulatory Intelligence. Vixio notes the...
Standard General Wraps Up $4.6 Billion Bally’s Acquisition
Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share...
Post-Super Bowl, Sportsbooks Can Ignore Most Bettors
In advance of the Super Bowl, sportsbook operators often ramp-up marketing activity with some shelling out big money to run advertisements during the game. Data indicate gaming companies can cool it after the big game...
Dallas Mavericks Aren’t Moving to Las Vegas, Say Adelson, Dumont
The Dallas Mavericks are staying in North Texas with ownership making it clear it doesn’t plan to move the NBA franchise to Las Vegas. Last Saturday, the team traded superstar Luka Doncic to the Los...
Blackstone May Be Mulling Star Entertainment Buy — With a Catch
Private equity behemoth Blackstone (NYSE: BX) is reportedly considering a run at ailing Star Entertainment, but the US investor could wait until the Australian casino operator is put into administration. The mention of Blackstone, which...
Super Bowl to Generate $1.7 Billion in Legal Bets, Says Macquarie
The Super Bowl will drive $1.7 billion in legally placed bets this year with DraftKings (NASDAQ: DKNG) named the gaming stock with the most downside or upside leverage to the big game. That's according to...
Robinhood Nixes Super Bowl Bets, Complies with CFTC Request
A day after saying it would offer event contracts on the Super Bowl, Robinhood (NASDAQ: HOOD) said it’s canceling that plan for the time being in order to comply with a request from the Commodities...
BetMGM Forecasts 2025 Profitability, Sees Future EBITDA of $500M
BetMGM said Tuesday it expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to be positive this year as it looks toward reaching $500 million in EBITDA in the years ahead. The 50/50 joint venture...
Las Vegas Casino Operator Earnings Unlikely to Thrill
Fourth-quarter earnings season is in full swing and when Las Vegas casino operators start reporting this month, investors shouldn’t expect much in the way of big upside surprises. In a note to clients today, Macquarie...
Robinhood Partners with Kalshi on Super Bowl Betting Contracts
In advance of the Super Bowl, Robinhood (NASDAQ: HOOD) announced today that it is offering event contracts on the game to customers of its Robinhood Derivatives platform. The brokerage, which entered the fast-growing event contracts...
