3978 stories by Todd Shriber
Sports Betting Equity Valuations ‘Overcorrected,’ Says Analyst
Following a now lengthy bloodletting among sports betting equities, some names in the group are attractively valued. That factor may not be fully appreciated due to the risk-off sentiment currently permeating financial markets. That’s the opinion of CBRE analyst John DeCree, who,...
GAN Hits MGM Resorts with Patent Infringement Suit
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is suing MGM Resorts International (NYSE:MGM). It alleges the Mandalay Bay operator is infringing on one of the tech company’s patents to link its casino and sports betting customer loyalty platforms. In its complaint filed Monday...
Kansas Sports Betting Bill Favored By Casinos, But There’s Opposition, Too
The Kansas state House didn’t advance sports betting legislation today, but the chamber could take up the bill next week. If approved and signed into law, House Bill 2740 (HB 2740) would legalize online and mobile sports betting in Kansas and at...
Rush Street Interactive Inks Deal with Sports Radio Legend Mike Francesca
Rush Street Interactive announced today it reached a content deal with Mike Francesca -- one of the legends of New York sports talk radio. Financial terms of the agreement weren’t revealed, but the pact calls for Francesca to develop exclusive content for...
Wynn Resorts Stock Has Rebound Potential, Says Research Firm
Wynn Resorts (NASDAQ:WYNN) stock is higher by 17 percent over the past week. While the casino operator is still in the red on a year-to-date basis, some market observers believe the shares offer compelling near-term potential. Still hindered by travel restrictions in...
Maverick Gaming Washington State Sports Betting Suit Temporarily Halted
A federal judge is temporarily halting Maverick Gaming’s suit against the state of Washington. That action alleges the state is permitting a tribal gaming monopoly over regulated sports betting there. Washington, DC District Court Judge Florence Pan, who was appointed by President...
Capital Group Trims Wynn Macau Investment, Grosses $11.5 Million
Mutual fund giant Capital Group recently reduced its stake in Wynn Macau, grossing $11.5 million last week in proceeds after selling just over 19.45 million shares of the gaming operator. California-based Capital Group, which issues mutual funds under the American Funds brand,...
Lawrence Ho’s Black Spade SPAC to List in Hong Kong
Black Spade Acquisition, a special purpose acquisition company (SPAC) controlled by Melco Resorts & Entertainment (NASDAQ:MLCO) Chairman Lawrence Ho, is planning to list on the Hong Kong stock exchange, according to a recent regulatory filing. The blank check company is working with...
DraftKings Called Favored Short By Analyst Jim Chanos, Remains Bearish
Kynikos Associates founder Jim Chanos is still bearish on DraftKings (NASDAQ:DKNG), despite the fact that the online sportsbook operator's shares surged nearly 22 percent this week. In an interview today with CNBC, the famed short seller reiterated his negative views on the...
Caesars Entertainment Eliminates NeoGames Stake
Caesars Entertainment (NASDAQ:CZR) is no longer a shareholder in internet lottery operator NeoGames (NASDAQ:NGMS). Earlier this week, the casino giant sold its remaining position in the Israeli company, according to a Form 13D/A filing with the Securities and Exchange Commission (SEC). On...
