5448 stories by Todd Shriber
iGaming Q3 Earnings: Good Fortune Emerging
Third-quarter earnings season starts in earnest this week, and while it’ll be awhile before gaming companies step into the earnings confessional, there’s an increasing sense that internet casino operators could deliver positive surprises. In aggregate, gaming stocks, including iGaming names, are lagging...
Light & Wonder Adds to Loyalty Offerings with House Advantage Acquisition
In a move to bolster its loyalty platform portfolio, Light & Wonder (NASDAQ: LNW) announced the acquisition of technology provider House Advantage. Financial terms of the transaction weren’t disclosed, but the buyer is paying cash for the target. Loyalty programs are popular...
ESPN Deal Could Have Big Benefits for DraftKings, Say Analysts
Analysts see significant benefits accruing to DraftKings (NASDAQ:DKNG) if speculation regarding a sizable agreement with Walt Disney’s (NYSE:DIS) ESPN unit comes to fruition. Rumors to that effect emerged late Thursday, sparking an epic rally in the gaming company’s shares late yesterday. Cooler...
DraftKings Stock Spikes Following ESPN Partnership Rumor
DraftKings (NASDAQ:DKNG) is one of Thursday’s after-hours winners, trading higher by almost 11% on speculation the sportsbook operator is nearing an exclusive arrangement with ESPN. Bloomberg broke the story earlier this afternoon, citing unidentified sources familiar with the matter. This very likely...
Big Three Loom Large in iGaming
The internet casino space is still in its infancy. But as is the case with many older industries, the cream is already rising to the top in terms of market share. Four iGaming operators -- BetMGM, DraftKings, FanDuel, and BetRivers -- command...
Tilman Fertitta Unveils Plans for New Las Vegas Strip Casino Resort
Tilman Fertitta has revealed plans for a new casino hotel on the Las Vegas Strip -- the billionaire’s first on the most prime stretch of US gaming real estate. In a filing with the Clark County Commission, Fertitta Entertainment indicates the venue...
Caesars Trims Interest Expenses with $3B in Fresh Credit Facilities
Caesars Entertainment (NASDAQ: CZR) is making moves to reduce one of the gaming industry’s largest debt burdens, announcing today it procured $3 billion in new senior secured credit facilities maturing in 2028. Those fresh financing avenues consist of a $750 million senior...
Bally’s Traffic Study for Temp Casino Skewered by Chicago Alderman
Chicago Alderman Brendan Reilly is blasting a traffic study paid for by Bally’s Corp., claiming the survey doesn’t account for rising crime in the neighborhood where a temporary casino would be staged. The Ballys examination paves the way for the gaming company...
MGM Unlikely to Bid Anew for Entain as Economy Crimps Financing
The deteriorating global macroeconomic environment is crimping financing avenues, indicating a pause in large-scale mergers and acquisitions could be a result. Some analysts believe that’s relevant to suitors considering gaming industry targets, including MGM Resorts International (NYSE: MGM), potentially revisiting a takeover...
Regional Casino Q3 Earnings Could Impress, Analyst Has Penn Concerns
Third-quarter earnings season starts in earnest next week, and downtrodden shares of regional casino operators could give investors something to talk about. Gross gaming revenue (GGR) trends in the group remain sturdy. That, despite expectations to the contrary, prompted analysts earlier this...
