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Todd Shriber
5663 stories by Todd Shriber
DraftKings, ESPN Bet Adding Share in Big States While BetMGM, Caesars Lag
In a pair of the largest states where mobile sports betting is available, DraftKings (NASDAQ: DKNG) and Penn Entertainment’s (NASDAQ: PENN) ESPN Bet are grabbing market share while rivals BetMGM and Caesars Sportsbook struggle. In...
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...
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...
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...
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...
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...
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...
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...
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...
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...
