5136 stories by Todd Shriber
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...
Light & Wonder Bids Anew for SciPlay, Offers $422M
Nearly two years after it scrapped a similar overture, Light & Wonder (NASDAQ: LNW) bid anew for SciPlay (NASDAQ: SCPL), offering the social casino developer $422 million in cash, or $20 a share, for the 17% the former parent doesn’t yet own....
Light & Wonder Lands Conditional Approval for ASX Share Listing
Gaming device manufacturer Light & Wonder (NASDAQ: LNW) said Wednesday it won conditional approval from the Australian Securities Exchange (ASX) to list its shares on that bourse. The Las Vegas-based slot machine maker delivered the announcement after the close of US markets....
Will DraftKings, FanDuel Have Fanatics Problem? Possibly
Fanatics announced Sunday that it’s paying $150 million in cash for PointsBet’s (OTC: PBTHF) US operations in a deal that provides the buyer with access to more than a dozen states. That means Fanatics doesn’t have to wait for often slow-moving regulators...
Wynn Stock Has Fuel for Extended Upside, Says Barclays Analyst
Wynn Resorts (NASDAQ: WYNN) rallied Wednesday after an analyst said the already hot stock can deliver more upside for investors. The shares finished higher by 5.70% on volume, more than double the daily average on the back of a report from Barclays...
Century Sells Real Estate of Four Canadian Casinos to VICI Properties
Century Casinos (NASDAQ: CNTY) announced Wednesday it’s selling the real estate assets of a quartet of Canadian gaming venues to VICI Properties (NYSE: VICI) for $164.4 million, based on May 16 exchange rates. The Colorado-based regional casino operator will lease back those...
Pat McAfee Bids Adieu to FanDuel, Moves to ESPN
Pat McAfee is again making waves in the sports media world. He announced today his eponymous show is severing ties with sports betting giant FanDuel and is heading to ESPN. The news comes as McAfee is in the middle of the second...
Caesars Inks Deals with Keeneland, Red Mile for Kentucky Sports Betting Access
Caesars Entertainment said Tuesday it reached agreements with racetrack operators Keeneland and Red Mile Gaming & Racing. That paves the way for the casino giant to offer mobile sports wagering in Kentucky. Financial terms of the accords weren’t disclosed. But deal terms...
PlayAGS Stock Soars as Jefferies Analyst Calls it ‘Severely Undervalued’
PlayAGS (NYSE: AGS) is one of the best-performing gaming stocks today. That's after Jefferies analyst David Katz highlighted it as a small-cap valuation opportunity. In a note to clients, Katz upgraded the slot machine manufacturer to “buy” from “neutral,” while boosting his...
