4739 stories by Todd Shriber
Genting Malaysia Pursuit of Macau License Seen as Credible
Earlier this month, Genting Malaysia stunned the gaming industry by entering Macau’s upcoming retendering process. While the special administrative region’s (SAR) update to gaming laws makes room for six concessionaires -- the current number operating there -- Genting’s pursuit of a Macau...
Colorado Dems Quash Effort to Examine Gov. Jared Polis’ Ties to Sports Betting Industry
Colorado’s bipartisan Legislative Audit Committee wasn’t so bipartisan Wednesday, when it voted 4-4 along party lines. The vote opted not to examine whether or not Gov. Jared Polis’ (D-CO) business interests, potentially including ownership of a gaming stock, allowed him to personally...
Tekkorp Asking Investors for Extension as it Scrambles to Enter Illinois
Special purpose acquisition company (SPAC) Tekkorp Digital Acquisition (NASDAQ: TEKK) is asking investors to vote in favor of an extension proposal at an upcoming shareholder meeting. That action would give the blank-check firm more time to complete a business combination. The Las...
DraftKings Lauded by Previously Bearish Research Firm
DraftKings' (NASDAQ: DKNG) stock was endorsed today by Hedgeye -- a research firm that was previously overtly bearish on the gaming company’s shares. In a note to clients on Thursday, Hedgeye analysts Todd Jordan and Sean Jenkins highlight favorable fundamentals for DraftKings,...
BetMGM Customer Says Access to Winnings Denied, Company Exploited His Habit
Sam Antar is suing BetMGM, claiming the online gaming company denied him access to his winnings while enticing him to remain a customer with bonuses. He claims the company was preying on his compulsive wagering habit in the process. In litigation filed...
Deutsche Bank Bullish on US Sports Wagering Growth
In an expansive 47-page report, Deutsche Bank has sounded an optimistic tone on the state of the US regulated sports wagering market. The report forecast August gross gaming revenue (GGR) of $510 million for domestic sportsbook operators. Assuming it’s accurate, that August figure...
Genius Sports Develops Predictor Game for Indianapolis Colts
Sports betting data provider Genius Sports has developed a new free-to-play predictor game on behalf of the NFL’s Indianapolis Colts. Available on the team’s mobile application, Pick Six is presented by Caesars Sportsbook. A year ago, the Colts named Caesars Entertainment “a...
Gaming CFOs Mostly Upbeat, Strong Dollar Could Pinch Suppliers
Casino industry chief financial officers (CFOs) are mostly optimistic, but a strong dollar could be a drag on other gaming companies, says a sell-side analyst. In a report to clients today, Roth Capital analyst Edward Engel noted recent conversations with financial bosses...
Caesars Palace Adds Fees, Ups Pricing for Seating at its Lounges
Even before the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), it was common for Las Vegas sportsbook to charge customers for seating during football season. But Caesars Palace on the Las Vegas Strip is ratcheting up...
Allwyn Entertainment Scraps SPAC Merger
In another sign of stress in the blank-check landscape, European lottery giant Allwyn Entertainment is scrapping plans to merge with special purpose acquisition company (SPAC) Cohn Robbins Holdings (NYSE: CRHC). The deal, which was announced in January, valued the lottery company at...
