5359 stories by Todd Shriber
Flutter Highlights FanDuel Strength, Plans NYSE Listing for Q1
In its third-quarter trading update, Flutter Entertainment (OTC: PDYPY) cited strength in its FanDuel unit, while telling investors it plans to proceed with a U.S. share listing in the first quarter of 2024. As rival DraftKings (NASDAQ: DKNG) did last week, Flutter...
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...
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...
Mark Cuban Still Wants DFW Casino, Says He’d Partner with Sands
Dallas Mavericks owner Mark Cuban has reiterated his view that Dallas-Fort Worth would be an ideal market for a casino resort. He did so while urging Texas lawmakers to reconsider their views on casino gaming. In remarks at Chase’s Make Your Move...
FanDuel CEO Amy Howe Forecasts Profitability Amid Rising Competition
FanDuel CEO Amy Howe recently reiterated that the largest U.S. online sportsbook operator will be profitable this year, while acknowledging an increasingly competitive landscape. The unit of Flutter Entertainment (OTC: PDYPY) was profitable in the first half of this year, and Howe...
Evolution Group Could Be Player in Live Dealer M&A, Says Research Firm
With its share of the US live dealer market slipping, Evolution Group (OTC: EVVTY) could participate in industry consolidation either as a buyer or seller. That’s the take of Eilers & Krejeck Gaming (EKG), which noted in a new report the Swedish...
