5402 stories by Todd Shriber
Apollo, CVC Among PE Firms with Reported Interest in Entain Brands
The American depositary receipts (ADRs) of Entain (OTC: GMVHF) surged 9% Monday amid reports that private equity firms could be eying runs at some of the gaming company’s brands. An article in the British newspaper The Times indicated Apollo Global Management (NYSE:...
Resorts World New York Promises $1B in Taxes if it Wins Casino Permit
Genting Malaysia Bhd, which runs Resorts World New York, said the venue could deliver $1 billion or more in annual taxes to the state if it’s granted a permit to convert the property to a Las Vegas-style casino hotel. The Malaysian conglomerate...
Disney CEO Iger Sees Betting Coming to ESPN App
Walt Disney (NYSE: DIS) Bob Iger sees plans for revamped ESPN app including access to sports wagering. He made the comments in a recent interview with CNBC’s David Faber. Iger didn’t directly mention ESPN Bet – the network’s sports wagering partnership with...
Century Casinos Opens Missouri Hotel, Says Other Project in State Is On Budget
Century Casinos (NASDAQ: CNTY) said Friday that it opened the Riverview Hotel at its eponymous gaming venue in Cape Girardeau, Mo. The company said in 2021 it was considering the addition of a hotel to its Cape Girardeau casino. The addition of...
Chicago Mayor Johnson Supports Bally’s Amid Brewing Controversies
Chicago Mayor Brandon Johnson (D) is supporting Bally’s (NYSE: BALY) even as the regional casino operator contends with headwinds that could jeopardize its $1.1 billion integrated resort project in the third-largest US city. In a statement to Crain’s Chicago Business, Johnson’s office...
FanDuel Acquisition Could Be Needed for Nevada Entry
Despite increased competition from other states, Nevada remains one of the US meccas of sports wagering, but two of the industry’s largest operators -- DraftKings (NASDAQ: DKNG) and FanDuel -- still don’t offer their services in the state. When that will change...
DraftKings, MGM, Hard Rock Mull Entering Brazil’s Online Betting Market
Last year, Brazil established regulatory guidelines for its online wagering market -- a move that’s expected to lure some of the industry’s biggest players to Latin America’s largest economies. It’s rumored that US-based betting behemoths DraftKings (NASDAQ: DKNG), MGM Resorts International (NYSE:...
Las Vegas Sands Credit Rating Could Be Hindered by Shareholder Rewards
Las Vegas Sands’ (NYSE: LVS) shareholder rewards efforts, including buybacks and dividends, could be headwinds to a credit ratings upgrade, according to Moody’s Investors Service. In reiterating a “Baa3” rating with a “stable” outlook on the casino operator, Moody’s said it expects...
Flutter Aims to Move Primary Share Listing to NYSE Later This Year
Flutter Entertainment (NYSE: FLUT), the parent of FanDuel, is looking to move its primary share listing to the New York Stock Exchange (NYSE) by the end of 2024 in a bid to attract more retail investors. The news surfaced barely more than...
DraftKings Leads Bank Sports Betting Survey, ESPN Bet Surprises
A recent survey on consumers’ iGaming and online sports betting habits conducted by Truist Securities indicates users have a preference for DraftKings (NASDAQ: DKNG). DraftKings and Flutter Entertainment’s (NYSE: FLUT) FanDuel have carved out an enviable duopoly in the US sports wagering...
