5081 stories by Todd Shriber
Fanatics Sports Betting App Off to Solid Start, Says Research Firm
Fanatics’ newly launched mobile sports wagering application is off to a strong start, at least in terms of number of downloads through the first week of the 2023 NFL season. The operator launched the Fanatics Sportsbook app in Maryland, Massachusetts, Ohio, and...
Playtika Paying up to $300M to Acquire Innplay Labs
Mobile games developer Playtika (NASDAQ: PLTK) announced today it is acquiring mobile gaming studio Innplay Labs for as much as $300 million. The deal includes an upfront payment of $80 million, with the potential that the ultimate price paid for the target...
Penn Entertainment Has Short-Term Upside, Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) rallied Thursday after a sell-side analyst said the long downtrodden gaming stock has near-term upside potential. The regional casino equity gained 8.72% today on volume, which was more than 60% above the daily average, trimming its...
Vista Equity Reportedly Shopping Stats Perform
Private equity firm Vista Equity Partners is rumored to be shopping sports data provider Stats Perform. Bloomberg reported the news earlier Thursday, citing unidentified sources with knowledge of the matter. It’s unclear what Vista Equity’s timeline is for divesting Stats Perform, nor...
IGT Stock Surges on Rumor Apollo Mulling Bid for Gaming Unit
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming stocks, as the shares surged following a report that Apollo Global Management (NYSE: APO) is considering a bid for the company's global gaming division. On the news, shares of IGT surged...
Caesars’ Rewards Database Targeted by Hackers, Says Company
Caesars Entertainment (NASDAQ: CZR) confirmed today that it was recently the victim of a cyber attack and that the bad actors targeted the Caesars Rewards database, among other data troves, held by the gaming company. The casino operator revealed in a Form...
Caesars Reportedly Paid Cyber Ransom, MGM Credit Rating Vulnerable Following Hack
News of cyber breaches afflicting Las Vegas Strip casino operators is getting worse. Just two days after MGM Resorts International (NYSE: MGM) confirmed it was the victim of a wide-ranging cyber attack, rival Caesars Entertainment (NASDAQ: CZR) will reportedly soon tell investors...
Caesars Bails on UAE Just as Things There Are Looking Interesting
Caesars Entertainment (NASDAQ: CZR) is abandoning a non-gaming hotel in Dubai just as a new casino policy in the United Arab Emirates (UAE) appears to be taking shape. In a statement issued earlier Wednesday, Singapore-based hospitality group Banyan Tree announced it’s taking...
Casinos Losing $37B to Outdated Free Slot Play Systems, CMS Firm Says
It’s widely believed that casino operators prolifically print money. Still, the industry is missing out on massive potential profits due to outdated customer loyalty systems, creating significant lost opportunity costs attributable to free play on slot machines. Acres Manufacturing Company, which manufactures...
MGM Cyber Breach Looks Like ‘Widespread Ransomware Attack’
MGM Resorts International (NYSE: MGM) is still dealing with the impact of a large-scale cybersecurity breach. While the casino operator hasn’t commented to this effect, at least one industry insider believes the event has the hallmarks of a ransomware attack. In ransomware...
