5136 stories by Todd Shriber
Bally’s, Oakland A’s Announce Agreement for Tropicana Stadium Site
Bally’s and the Oakland Athletics announced Monday that they’ve reached an agreement: the Major League Baseball (MLB) club will build a stadium on nine acres near the Tropicana Las Vegas Hotel and Casino. The pact was reached in conjunction with Gaming and...
Fanatics Finally Makes Deal, Grabs PointsBet for $150 Million
Following months of speculation, PointsBet (OTC: PBTHF) is poised to sell its US operations to Fanatics for $150 million in cash. The companies announced the transaction in a joint statement released Sunday. That confirmation arrived just weeks after it was reported PointsBet...
Aristocrat Leisure Buying NeoGames for $1.2B in Cash
Aristocrat Leisure (ASX: ALL), one of the largest slot machine manufacturers, is increasing its iGaming footprint with a $1.2 billion all-cash acquisition of NeoGames (NASDAQ: NGMS). The deal announced late Sunday values NeoGames at $29.50 a share, or a 104% premium to...
Rush Street Interactive CEO Schwartz Open to Takeover Talks
Amid a flurry of sports betting industry consolidation rumors, Rush Street Interactive (NYSE: RSI) is one of the most discussed potential targets. A deal hasn’t materialized as of yet, but CEO Richard Schwartz signaled at an industry conference this week that he’ll...
Bally’s Gets Green Light for Chicago Casino Plan, Construction Starting Late 2024
Bally’s announced today the proposed site plans for its $1.7 billion casino hotel in Chicago were approved by the Chicago Department of Planning and Urban Development. The Rhode Island-based regional casino operator added that its Bally’s Chicago project will bring more than...
Texas Houses Advances Sports Betting Bill, Tough Road Awaits in Senate
By a vote of 101-42, the Texas House of Representatives approved a bill Thursday that would allow for a constitutional referendum on sports betting. Crossing the threshold of 100 affirmative votes was essential, because under Texas state law, two-thirds majorities in both...
PointsBet Warns Customers About Crypto Phishing Scam
PointsBet’s US division on Thursday temporarily halted emails to customers after an unidentified third-party messaged clients, plying them with a cryptocurrency giveaway. The email, which customers received around 11 a.m. Eastern time today, had the earmarks of what’s known as a phishing...
Nearly 90% of Citi Field-Area Residents Support Casino … Sort Of
A study commissioned by New York Mets owner Steve Cohen and community group Queens Future indicates 89% of those surveyed support a casino hotel near Citi Field, but the devil is in the details. Queens Future canvassers surveyed more than 10K locals...
DraftKings Rolls Out Channel on Samsung TV Plus
DraftKings said Wednesday its DraftKings Network offering is heading to Samsung TV Plus, the technology company's free, ad-supported TV (FAST) platform. That makes DraftKings the first sports wagering company to launch a 24/7 channel on Samsung TV Plus and marks the latest...
Wynn Forecasts up to $600M in EBITDA from UAE Casino Hotel
Wynn Resorts (NASDAQ: WYNN) forecast its upcoming integrated resort in the United Arab Emirates, Wynn Al Marjan Island, can generate up to $600 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). Wynn CEO Craig Billings commented on a Tuesday conference...
