5034 stories by Todd Shriber
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...
Fanatics Won’t Run Apparel Bonus Promo in Massachusetts Following Ohio Flap
Should it launch mobile sports wagering later this month in Massachusetts as expected, Fanatics won’t offer clients promotional bets tied to apparel. That's after a similar gambit drew the ire of Ohio regulators earlier this week. In Ohio, Fanatics offered buyers of...
Light & Wonder Stock Heading to Russell 2000 Growth Index
Light & Wonder (NASDAQ: LNW) stock earned a noteworthy index promotion, as FTSE Russell announced Friday that shares of the gaming device manufacturer will soon be added to the widely followed Russell 2000 Growth Index. That gauge is currently comprised of 1,092...
Mets Owner Steve Cohen Leveraging Citi Field Parking Lot in Queens Casino Quest
It’s widely known that New York Mets owner Steven Cohen wants to bring a casino hotel to the Citi Field area. Now, he’s playing hardball with a coveted parking lot to move his gaming ambitions forward. The New York City Football Club...
Dubai Moon-Inspired Building Could Include Casino Space
A Canadian entrepreneur wants to build a 900-foot, moon-inspired spherical structure atop a Dubai skyscraper, and the proposed $5 billion venue reportedly has room for a casino. Michael Henderson, the cofounder of Moon World Resorts, pitched the project earlier this month at...
DraftKings Hacker Facing Fed Charges, Allegedly Stole $600K from Gaming Company
A Wisconsin teenager faces federal criminal charges for working with other cyber thieves to sell access to DraftKings betting accounts. The group allegedly drained $600k from approximately 1,600 of those accounts. Madison resident Joseph Garrison, 18, is facing six criminal counts. He...
Endeavor COO Mark Shapiro Says WWE In-Match Betting Unlikely
Regulated sports wagering isn’t currently permitted on scripted WWE matches. Even if that mountain is eventually climbed, bettors and fans shouldn’t expect in-game betting will be allowed. That’s the sentiment of Endeavor Group (NYSE: EDR) COO Mark Shapiro, who in a recent...
