4977 stories by Todd Shriber
DraftKings Picks Up Sponsorship of ‘NFL RedZone’
DraftKings will reportedly become the presenting sponsor of the NFL Network’s NFL RedZone -- the popular look-in show that allows viewers to watch multiple games at once. Neither the gaming company nor the league made an official announcement regarding the parternship. But multiple...
Okada Manila Notches Legal Win, Court Rules SPAC Deal Can Be Terminated
Universal Entertainment Inc. and its affiliates with ties to the Okada Manila integrated scored a legal victory Thursday when a judge in the Delaware Court of Chancery ruled the gaming entity doesn’t need to move forward with a reverse merger proposed by...
MGM CEO Bill Hornbuckle Bullish on Las Vegas, Japan, Eyes UAE
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle is bullish on the company’s positioning in Las Vegas, noting the operator stands to benefit from a slew of upcoming marquee events at local arenas and stadiums. In comments made Thursday at the Bank...
VICI Properties, Casino Landlord, Boosts Dividend 6.4%
VICI Properties (NYSE: VICI), the largest casino landlord in the US, announced Thursday it is increasing its quarterly dividend to 41.5 cents a share from the current rate of 39 cents. That means the Caesars Palace owner’s annual payout will rise 6.4%...
College Athletes Harassed by Bettors, 72% of Schools Deal with Wagering Woes, Says NCAA
College athletes are on the receiving end of vitriol from bettors, and 72% of universities are dealing with sports wagering issues tied to athletes or staff over the past year, according to a new NCAA survey. Compliance officials at NCAA member universities...
Credit Card Spending Trends Could Signal Softness Ahead for Casinos
Since the start of 2022, a period including a stretch of the highest inflation in 40 years and the highest interest rates in two decades, the casino gaming industry mostly dealt with macroeconomic headwinds with aplomb. Some data points indicate that could...
Rush Street Interactive Debuts Prop Central for Football Season
Looking to tap into bettors’ growing affinity for prop wagers, Rush Street Interactive introduced “Prop Central” in time for the start of the 2023 season. Chicago-based Rush Street Interactive, which operates online and retail sportsbooks under the BetRivers and PlaySugarHouse brands, noted...
ESPN Bet Unlikely to Threaten FanDuel, DraftKings Dominance, Says Analyst
In news last month that temporarily rocked the sports wagering landscape, Penn Entertainment (NASDAQ: PENN) announced it will pay $1.5 billion over 10 years to license the ESPN Bet brand. That's while parting ways with Barstool Sports for a mere $1. While...
NFL Season Could Stoke Upside for Betting Stocks, Albeit Temporary
The 2023 NFL campaign commences Thursday when the Detroit Lions travel to Kansas City to take on the defending Super Bowl champion Chiefs. That coupled with college football entering its second full week of action could mark the start of some favorable...
BetMGM Launches Famed Buffalo Slots on New Jersey Internet Casino
BetMGM announced the debut of Aristocrat Leisure’s beloved Buffalo on its iGaming platform in New Jersey, making it the first internet casino operator to leverage the famous slot title. Buffalo slots are available for play by BetMGM customers in New Jersey. The...
