5448 stories by Todd Shriber
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...
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...
