5402 stories by Todd Shriber
Firecreek Crossing Slated to Be Reno’s Newest Casino
Elevation Entertainment is planning a new casino-resort in Reno, marking another addition to the flourishing Northern Nevada market. For now, the planned gaming venue is known as the Firecreek Crossing Resort-Casino and would be the first from-the-ground-up casino-hotel in the city in...
ESPN Boss Jimmy Pitaro Says Sportsbook Deal Not Happening Soon
ESPN Chairman Jimmy Pitaro said the sports media giant remains interested in the sports wagering industry, but it won’t be announcing a related deal anytime soon. Pitaro’s comments, which were made at the Sports Business Journal conference in New York on Wednesday,...
Genting Seeking $1B or More for Some Miami Property Holdings
Malaysian conglomerate Genting Berhad is reportedly marketing some of its Miami property holdings at north of $1 billion. That's as the company focuses on other casino gaming ventures in the US. Genting is looking to sell 16.5 acres of prime, undeveloped real...
Broadway League Reiterates Opposition to Times Square Casino
The Broadway League reiterated its opposition to a Times Square casino proposal, claiming a gaming venue in that area would do more harm than good. The League, which is the national trade association for the Broadway industry, let its feelings about the...
Macau Could Finally Entice Wary Investors, Says JPMorgan
After avoiding Macau gaming equities for more than two years, global investors could revisit the asset class in 2023 in search of value and rebound candidates. That’s the sentiment of JPMorgan Securities, which said in a report out Monday that Macau casino...
Wynn Macau Pouring $596M into Business to Comply with Gaming Law
Wynn Macau has announced it is allocating $596.4 million to its Wynn Resorts Macau (WRM) unit. The move is to comply with the capital requirements laid out in the special administrative region’s (SAR) new gaming laws. Macau’s updated gaming policies require concessionaires...
Flutter Mulling US Listing to Generate More Interest, Volume in Stock
When it comes to capital markets transactions in the US, Flutter Entertainment (OTC:PDYPY) is usually mentioned as potentially spinning off a portion of its FanDuel unit to public investors. Some investors believe the gaming company might want to consider more than that,...
Facebook Reveals Limitations On Betting Advertisements
Facebook recently updated its policies on wagering-related advertisements on the social media site, noting that prospective advertisers will have to request, in writing, permission to run betting ads on the platform. Those requests must be made to Meta Platforms, which is the...
ESPN Sports Betting Plans May Not Be Assisted by Disney CEO Change
Walt Disney Co. (NYSE:DIS) stunned the entertainment industry and the investment community Sunday, announcing the return of Bob Iger as chief executive officer and the departure of Bob Chapek from that role. Disney said Chapek, who replaced Iger at the helm of...
World Cup Fevered Pitch Could Benefit Sportsbook Operators
The 2022 World Cup kicked off earlier this week. This is the first edition of the most prestigious soccer tournament with a significant portion of the US population having access to regulated sports wagering. During the 2018 edition of the tournament, only...
