5359 stories by Todd Shriber
Reno Firecreek Casino Halted Due to Tough Financing Environment
Elevation Entertainment is halting the Firecreek Crossing Resort-Casino plans in Reno, citing a rough financing environment. The news arrived about a year after the company announced plans for the venue. Firecreek Crossing Resort-Casino would have been the newest casino in Reno, following...
Flutter Eyes Jan. 29 NYSE Listing, to Be Removed from EUROSTOXX Index
Flutter Entertainment (OTC: PDYPY) told investors it's eyeing Monday, Jan. 29, for its debut on the New York Stock Exchange (NYSE). That announcement follows a 20-F filing with the Securities and Exchange Commission (SEC). The FanDuel parent is expected to trade in...
Singapore GGR Could Jump 10% in 2024, Says Ratings Agency
After posting what’s likely to be a 15% increase in gross gaming revenue (GGR) this year, Singapore’s two integrated resorts could notch a 10% GGR jump in 2024. That forecast arrived courtesy of Fitch Ratings, which noted GGR generated this year by...
Long Island Casino Environmental Review Moves Forward
Amid legal challenges from Hofstra University, an environmental review that’s a necessary component of Las Vegas Sands’ efforts to potentially build a casino hotel in Long Island, NY is proceeding. On Tuesday, policymakers in the town of Hempstead voted unanimously to make...
Sphere Entertainment Earns Price Target Lift as Profitability Emerges
After plunging Tuesday, shares of Sphere Entertainment (NYSE: SPHR) rallied Wednesday after the company forecast positive adjusted operating income (AOI) for its fiscal second quarter, an impressive feat when considering Wall Street was expecting a loss. Sphere detailed the profitability expectations in...
DraftKings Debuts Pick6, New Peer-to-Peer Fantasy Game
DraftKings on Wednesday announced the launch of Pick6, a new peer-to-peer fantasy sports game rooted in the more or less concept. The debut of Pick6 arrived almost three months after DraftKings filed an application with the US Patent and Trademark Office (USPTO)...
California Sports Betting Backers Amend Proposals
Eagle1 Acquisitions Corp., LLC, the group behind a pair of recently launched California sports betting pitches, submitted amendments to those proposals to the California Attorney General’s office in a potential effort to gain favor with the state’s Tribal gaming consortiums. Since the...
BetMGM Sees 2023 Sales at Top End of Range, Profitability in Second Half
Online casino and sportsbook operator BetMGM said Monday that its 2023 revenue will come in at the high end of a previously forecast range of $1.8 billion to $2 billion while reiterating it will be profitable for the back half of this...
DraftKings CEO Robins Says iGaming Could Top Sports Betting
DraftKings (NASDAQ: DKNG) CEO Jason Robins sees iGaming growth continuing in the US, potentially outpacing online sports betting in the future despite being permitted in just six states today. The chief executive officer and co-founder of the gaming company made comments to...
888 Holdings Refused $890M Playtech Takeover Offer
William Hill owner 888 Holdings Plc (OTC: EIHDF) reportedly turned away a nearly $890 million takeover offer from Playtech (OTC: PYTCF) in July. Citing unidentified sources, The Sunday Times reported 888 and Playtech discussed a deal in July with the suitor potentially...
