5359 stories by Todd Shriber
Al Sharpton Cautions FTC About FanDuel/DraftKings Duopoly
The Rev. Al Sharpton penned a letter to the Federal Trade Commission (FTC), urging the regulatory agency to examine the potential adverse effects on Black bettors and athletes that could stem from the "gambling duopoly" of DraftKings and FanDuel. In the letter...
Boyd Keeping Eastside Cannery Licenses as Casino Remains Shuttered
Boyd Gaming will maintain licenses for the Eastside Cannery Casino and Hotel for another two years after the Clark County Commission granted related approvals on Tuesday. The commission voted unanimously in favor of granting Boyd a two-year extension on the temporary closure...
FanDuel Off to Fast Start in Washington, DC
In its first month as the lone mobile sports wagering operator in Washington, DC, FanDuel validated the District’s decision to convert to that platform from GambetDC. During its first 30 days of operation in the US capital city, FanDuel’s mobile app and...
Queens Pols Push Ramos to Consider Casino Legislation
Queens politicians and members of the Community Advisory Committee (CAC) are pushing State Sen. Jessica Ramos (D-Queens) to author permitted use legislation that would pave the way for the proposed $8 billion Metropolitan Park plan to be competitive in the New York...
IGT/Everi Merger Could Deliver Vital Scale, Says Analyst
In what remains one of the largest gaming industry transactions to this point in 2024, International Game Technology (NYSE: IGT) announced in February the merger of its global gaming and PlayDigital units with Everi (NYSE: EVRI) in a $6.2 billion transaction. Often,...
Regional Casino Stocks Attractive on Valuation, Says Raymond James
It’s been a rough start to 2024 for regional casino stocks, but some analysts see valuation opportunity in the downtrodden group. In a new report to clients, Raymond James analyst RJ Milligan initiated coverage of Boyd Gaming (NYSE: BYD) and Penn Entertainment...
New York Pols Push Bills to Accelerate Casino Approvals
With just 11 days left in this year’s legislative session, a pair of New York policymakers are pushing bills aimed at accelerating the currently sluggish process of awarding three downstate casino permits. In their respective houses of the legislature, Sen. Joseph Addabbo...
Hard Rock, Others Rumored to Be Interested in Buying Star Entertainment
***UPDATE: In a statement issued earlier Monday, Hard Rock International said it is not involved in discussions with Star Entertainment. "Hard Rock International would like to address recent reports regarding a proposed purchase of the Star Entertainment Group Limited (Star) in Australia....
Genting Chairman Lim Expresses Interest in UAE Casino
Add Genting Group to the list of global gaming giants that could pursue entry into the United Arab Emirates (UAE) if casino resorts are approved there. At the company’s annual meeting last month, Chairman Lim Kok Thay told Genting Singapore shareholders that...
ValueAct Takes $78 Million Stake in FanDuel Parent Flutter Entertainment
ValueAct, a San Francisco-based hedge fund, took a stake in FanDuel parent Flutter Entertainment (NYSE: FLUT) in the first quarter. The money manager bought 495,135 shares of the Dublin-based gaming company valued at $78.18 million in the first three months of the...
