5316 stories by Todd Shriber
Former Texas Gov. Rick Perry Joins Sports Betting Alliance
Sports wagering isn’t legal in Texas, but there’s mounting support to change that, including among politicians such as former Gov. Rick Perry. Perry, a Republican, joined the Sports Betting Alliance -- a group comprised of professional sports franchises in Texas and gaming...
BetMGM Seen as Most Credible Threat to FanDuel’s Dominance
Flutter Entertainment’s (OTC: PDYPY) Wednesday investor day went a long way toward confirming FanDuel’s dominant perch in the US online gaming market and the operator’s attractive growth prospects. Finding credible threats to the FanDuel crown isn’t impossible, but the list isn’t expansive....
AEI Bashes New York Casino Plan, Calls It ‘Loser City’ Move
Howard Husock, a senior fellow with the right-leaning American Enterprise Institute (AEI), has excoriated plans to bring a casino to New York’s Times Square, He notes that cities with downtown gaming venues have something in common, and it’s not good. Cleveland, Cincinnati,...
Flutter Forecasts Massive FanDuel Revenue Growth, Sees $40.5B US Market
Flutter Entertainment (OTC:PDYPY) said its FanDuel unit could generate annual revenue growth of 4.5x to 5x through 2030 while forecasting a total addressable market in the US of $40.5 billion by that year. The Irish gaming behemoth made the comments at its...
Esports Entertainment Group Closes UK Sites, Analyst Pulls Coverage
Shares of Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company, jumped 11.82% today on volume that was more than 12 times the daily average. That leap came on news the firm is shuttering two of its UK...
Texas Casino, Sports Betting Bill Filed by State Senator
Texas state Sen. Carol Alvarado (D-Houston) is preparing to bring casino gaming and sports betting legislation to the floor during the state’s 2023 legislative session. On Monday, she prefiled Senate Joint Resolution 17, which, if passed, would set the stage for the...
BetMGM Gets an ‘F’ From Better Business Bureau
Since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), regulated sports wagering is more accessible to a larger percentage of the US population than ever before. That also means more room for consumer complaints. Many of...
PlayAGS Tumbles on Apollo Offering, Analysts Question Timing
Shares of PlayAGS (NYSE:AGS) plunged Tuesday. That's after the gaming device manufacturer announced the sale of more than 8.2 million shares held by private equity firm Apollo Global Management (NYSE:APO), prompting sell-side analysts to question the timing of the offering. The stock...
Red Rock Resorts Paying $1 Per Share Special Dividend
Red Rock Resorts (NASDAQ: RRR) announced today it’s paying a one-off dividend of $1 per share to investors. The special payout will be paid on Dec. 9 to shareholders of record as of the close of business Nov. 30. Prior to the...
Penn Entertainment Rallies Amid Activist Investor Chatter
Shares of Penn Entertainment (NASDAQ:PENN) jumped 4.59% today on volume that was nearly double the daily average. The movement came on speculation an activist investor took a stake in the gaming company. That surge, which occurred on volume that was nearly double...
