5359 stories by Todd Shriber
Super Bowl Could Draw $1.5B+ Handle, Books Want 49ers to Win, Says Macquarie
The Super Bowl is Sunday and by some estimates, regulated sportsbook operators could command a handle on the big game of $1.5 billion or more. That’s the estimate of Macquarie analyst Chad Beynon who arrives at that forecast by estimating that 10%...
Elon Musk’s X, BetMGM Confirm Sports Wagering Partnership
Following a late-January rumor to this effect, Elon Musk’s X — the social media platform formerly known as Twitter — and BetMGM today confirmed they are working together. Financial terms of the deal weren’t revealed, but the partnership is the first between...
FanDuel CFO Reticent About Operator’s Nevada Efforts
In remarks made at his licensing hearing before the Nevada Gaming Control Board (NGCB) on Wednesday, FanDuel CFO David Jennings didn’t reveal much about his employer’s potential plans in the state. Jennings, who has been with the online sportsbook operator since 2022,...
BetMGM Says 2023 Revenue Jumped 36%, Was EBITDA Positive in Second Half
BetMGM said it posted 2023 revenue of $1.96 billion, a 36% year-over-year increase. That put the online sportsbook operator’s top line at the higher end of a previously disclosed forecast of $1.8 billion to $2 billion. The operator added that it was...
Red Rock Resorts Rallies on Q4 Earnings Beat, Special Dividend
Shares of Red Rock Resorts (NASDAQ: RRR) rallied in Wednesday’s after-hours trading session. That's after the gaming company posted estimate-beating fourth-quarter results while announcing a special dividend. The operator of the Station casinos, among others, earned 95 cents a share on revenue...
Park Proposed for Site Steve Cohen Wants for Queens Casino
Community groups in Queens, NY, recently revealed a plan to turn land currently used as a parking lot for Citi Field into a park. That's potentially posing a challenge to New York Mets owner Steve Cohen’s efforts to bring a casino hotel...
Elon Musk’s X Financing Gina Carano Suit Against Disney, Lucasfilm
Elon Musk’s X, the social media platform formerly known as Twitter, is financially backing actor Gina Carano’s wrongful termination lawsuit against Walt Disney (NYSE: DIS). Carano’s family is the largest noninstitutional investor in Caesars Entertainment (NASDAQ: CZR). Carano was fired from her...
Gaming and Leisure Properties Paying $175M for Tioga Downs Real Estate
Gaming and Leisure Properties (NASDAQ: GLPI) said Tuesday that it's paying $175 million for the property assets of Tioga Downs Casino Resort in Nichols, N.Y. Privately held American Racing & Entertainment, LLC is selling the land to the Pennsylvania-based real estate investment...
DraftKings Accuses VIP Exec of Corporate Espionage, Says Staffer Sold Secrets to Fanatics
In a new court filing that reads like the script for a Hollywood thriller, DraftKings (NASDAQ: DKNG) claimed former executive Michael Hermalyn sold trade secrets to Fanatics in an effort to procure a job with a direct rival to his employer. In...
Sphere Entertainment Posts Big Q2 Loss as Revenue Soars
Sphere Entertainment (NYSE: SPHR), the operator of the namesake venue on the Las Vegas Strip, posted a substantial fiscal second-quarter loss due in part to higher operating expenses. That's despite the company notching significantly higher revenue. Sphere, which also owns the MSG...
