5402 stories by Todd Shriber
IGT Upgraded on Constructive Lottery Outlook
Shares of International Game Technology (NYSE: IGT) rallied Thursday after the stock landed an upgrade based on its lottery exposure and reduced risks in Italy. In a note to clients, Stifel analyst Jeffrey Stantial moved IGT to “buy” from “hold” while boosting...
DraftKings’ Illinois-Induced Sell-Off Exaggerates Contagion Risk, Says Analyst
Shares of DraftKings (NASDAQ: DKNG) dipped slightly on Wednesday following a Tuesday tumble caused by news that Illinois will implement a progressive sports wagering tax that will saddle the largest operators by revenue with the biggest tabs. That means DraftKings and FanDuel...
DraftKings Reportedly Eyeing Simplebet Acquisition
DraftKings (NASDAQ: DKNG) is said to be close to acquiring micro-betting provider Simplebet in a transaction that could value the target at $120 million to $170 million. Earnings + More broke the news, citing unidentified sources familiar with the matter. As of...
Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue
Efforts by New York Mets owner Steve Cohen and Hard Rock International to bring a casino hotel to the area near Citi Field may be on life support after State Sen. Jessica Ramos (D-Queens) announced Tuesday that she won't support legislation to...
DraftKings, Flutter Tumble as Illinois Advances Sports Betting Tax Hike
On news that the Illinois Senate approved a budget that includes a near tripling of the state’s tax rate on regulated sportsbook operators, shares of DraftKings (NASDAQ: DKNG) and Flutter (NYSE: FLUT) tumbled Tuesday. In the first trading day since the fiscal...
Pretlow Says It’s Time for New York to Realize Casino Revenue Benefits
New York Assemblyman Gary Pretlow (D-Mount Vernon) believes it’s time for the state to put the pedal to the metal when it comes to realizing benefits from casino gaming in the New York City area. It’s been two years since New York...
Bally’s, Carnival Cruise Team Up on Points Deal
Carnival Cruise Line is the latest cruise operator to partner with a gaming company to appeal to customers’ enthusiasm for loyalty programs. The cruise company said Thursday that Bally’s Rewards members will be able to earn benefits aboard Carnival’s 27 ships. In...
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...
