5359 stories by Todd Shriber
Circa Million, Survivor to Feature Record $14M Payout
Circa Sports’ famed football contests, the Circa Million and Circa Survivor, will have a combined record payout of $14 million this season. The Las Vegas-based casino and sportsbook operator announced in a statement Thursday. This season will mark the fifth iteration of...
David Portnoy’s Future with Bartsool, Penn Entertainment in Limbo
David Portnoy is the face of Barstool Sports, the sports and entertainment media company he founded two decades ago. He’s not certain for how long that status will continue. Portnoy's contract with Penn Entertainment (NASDAQ: PENN) is up in 20 months, and...
DraftKings Rally Sparks Wave of Insider Selling
There’s an old financial market saying that goes, “Sell in May and go away.” DraftKings (NASDAQ: DKNG) insiders aren’t going away. But they sure are selling their company’s shares this month. With the shares up 11% in May and 112% year-to-date, insiders,...
MGM, Flutter, Others Could Bid for Kindred
Amid turnover in the C-suite, Swedish online gaming operator Kindred Group Plc (OTC: KNDGF) is said to be ramping up a sale process and could draw interest from some of the industry’s biggest names, including Flutter Entertainment (OTC: PDYPY) and MGM Resorts...
Bally’s Trump Links Casino Plan Beset by Bureaucratic Delays
Time isn’t on the side of Bally’s in its plan to develop 17 acres at Trump Golf Links in the Bronx into a casino hotel. The Rhode Island-based regional casino operator and the Trump Organization, the business entity controlled by former President...
Las Vegas Sands Wins Lease Approval for Nassau Coliseum
Nassau County policymakers overwhelmingly approved a lease accord that could pave the way for Las Vegas Sands to build a casino hotel at the Coliseum site in Uniondale, NY. In a late Monday vote, the Republican-controlled Nassau County legislators voted 17-1 in...
Super Group SPAC Facing Shareholder Lawsuit
An investor is suing the founders of the special purpose acquisition company (SPAC) that merged with sportsbook operator Super Group (NYSE: SGHC). He alleges the executives enriched themselves while setting ordinary shareholders up for failure. In a complaint filed last week in...
Las Vegas Strip Showing No Recession Signs, Says Analyst
There are concerns about the strength of the US economy, and those worries will only be amplified if a resolution on the debt ceiling isn’t reached. But for now, there are no signs of macroeconomic distress on the Las Vegas Strip. Stifel...
New York Lawmaker Temporarily Blocks Citi Field Casino Plan
New York Mets owner Steven Cohen’s plan to develop a casino on land near Citi Field has suffered a temporary setback. A New York lawmaker said she won’t introduce a bill altering the designation of property in the Willets Point area. New...
DraftKings Stock Still Has Plenty of Upside, Says Analyst
DraftKings (NASDAQ: DKNG) stock has already more than doubled to start 2023, but at least one analyst sees shares of the sportsbook operator delivering more upside. In a note to clients today, UBS analyst Robin Farley says the gaming stock has more...
