5082 stories by Todd Shriber
California Sports Betting Vote Unlikely Before 2026, Mobile Further Out
California Tribal gaming leaders believe voters in the state have lingering fatigue about sports betting, and as such, recent proposals to jump-start the issue ahead of the 2024 election cycle aren’t likely to make progress. During a Wednesday webinar, James Giles, executive...
DraftKings Reportedly Approached 888 Investors About Takeover
DraftKings (NASDAQ: DKNG) reportedly held takeover talks with major investors of William Hill owner 888 Holdings Plc (OTC: EIHDF) over the summer. Citing unidentified sources familiar with the matter, The Financial Times reported the news earlier Thursday. Boston-based DraftKings is said to...
MGM Beats Q3 Earnings Despite Cyberattack, Unveils New $2B Buyback Plan
Shares of MGM Resorts International (NYSE: MGM) rose slightly during Wednesday after-hours trading session after the largest operator on the Las Vegas Strip delivered estimate-beating third-quarter results despite the adverse effects of a September ransomware attack. The Cosmopolitan operator said it earned...
Sands China’s Londoner Only Macau Hotel on China 10 Best List
Sands China’s Londoner Macau on the Cotai Strip was included on the 2023 Condé Nast Traveler Gold List, making it the only hotel in the gaming mecca to garner “China Top 10 Hotels” designation from the publication. Condé Nast Traveler is a...
Red Rock Resorts Stock Story Supported by Analysts Post-Q3 Earnings
On a mostly downbeat day for gaming equities, shares of Red Rock Resorts (NASDAQ: RRR) edged higher after the company delivered decent third-quarter results late Thursday. The Station Casinos parent announced it earned 60 cents a share on revenue of $411.6 million...
Sega Sammy Buying GAN for $84M
Sega Sammy Creation (SSC), the Japanese company known primarily for its footprint in arcade and video games, is acquiring sports betting technology firm GAN Ltd. (NASDAQ: GAN) for approximately $84.4 million. The deal values the software provider at $1.97 a share, or...
Denmark’s Better Collective Buys Playmaker Capital for $188M
Danish betting analytics provider Better Collective (STO: BETCO) has continued boosting its North American footprint, announcing earlier Tuesday that it’s acquiring Toronto-based Playmaker Capital (TSX-V: PMKR) for $188 million in cash and stock. The buyer said it is funding the transaction in...
Red Rock Delays Durango Opening to Dec. 5
Red Rock Resorts (NASDAQ: RRR) announced Tuesday that it's pushing back the opening of the Durango Casino and Resort, the newest addition to the operator’s Las Vegas portfolio, to December 5 from November 20. The November 20 opening of the $750 million...
Genius Sports, Sportradar Seen Benefiting from Florida Sports Betting
Sports wagering data providers Genius Sports (NYSE: GENI) and Sportradar (NASDAQ: SRAD) are seen as potential beneficiaries of regulated sports betting going live in Florida. In a report to clients on Tuesday, Craig-Hallum analyst Ryan Sigdahl highlighted Genius and rival Sportradar as...
Steve Cohen Floats $8B Queens Casino Plan Dubbed ‘Metropolitan Park’
New York Mets owner Steve Cohen finally unveiled plans for a casino development near Citi Field in Queens, NY, pitching an expansive $8 billion project known as “Metropolitan Park.” The founder of hedge fund Point72 Asset Management wants to turn the Willets...
