4024 stories by Todd Shriber
DraftKings Accuses VIP Exec of Corporate Espionage, Says Staffer Sold Secrets to Fanatics
In a new court filing that reads like the script for a Hollywood thriller, DraftKings (NASDAQ: DKNG) claimed former executive Michael Hermalyn sold trade secrets to Fanatics in an effort to procure a job with a direct rival to his employer. In...
Sphere Entertainment Posts Big Q2 Loss as Revenue Soars
Sphere Entertainment (NYSE: SPHR), the operator of the namesake venue on the Las Vegas Strip, posted a substantial fiscal second-quarter loss due in part to higher operating expenses. That's despite the company notching significantly higher revenue. Sphere, which also owns the MSG...
Upper Tier Las Vegas Strip Casinos Boosted by Baccarat
Some of the glitzier casino hotels on the Las Vegas Strip are getting a lift from elevated baccarat, a game beloved by well-heeled bettors and those visiting from the Asia-Pacific region. Driven by Las Vegas, Nevada casinos posted their best month on...
Super Bowl to Generate $1.25B in Regulated Bets, Nevada, NY to Lead
It’s Super Bowl week, and that means the betting forecasts are coming in hot and heavy. Bettors in the U.S. are expected to plunk down $1.25 billion in regulated wagers on the game. That's according to Eilers & Krejeck Gaming (EKG), which...
Macau Casino Operators Can Handle Debt Maturities
During the worst days of the coronavirus pandemic, Macau casino concessionaires took on massive amounts of debt simply to stay afloat. Tabs for some of those obligations are coming due, but those maturities are unlikely to burden issuers. The ability to service...
Taylor Swift Effect: Kelce TD Most Bet Super Bowl Prop at DraftKings Except in Illinois
Taylor Swift might be having an impact on Super Bowl betting trends. As of Friday afternoon, the most wagered on Super Bowl proposition bet among DraftKings clients is Kansas City Chiefs tight end Travis Kelce -- Swift’s boyfriend -- to score the...
FanDuel to Alter ‘Kick of Destiny’ Commercials Following Death of Carl Weathers
FanDuel will make changes to the “Kick of Destiny” commercials that featured actor Carl Weathers, who passed away earlier today at the age of 76. The largest online sportsbook had been running advertisements featuring Weathers and former New England Patriots and Tampa...
Las Vegas Sands Upgraded to Investment-Grade by Fitch
Las Vegas Sands (NYSE: LVS) earned another investment-grade credit rating, this time courtesy of Fitch Ratings. The research firm cited Macau's rebound and overall strength in Singapore, Sands’ two operating markets. Fitch observed that based on those metrics, LVS drove leverage through...
Fontainebleau Miami Casino Bill Appears Dead — for Now
Legislation that would have potentially paved the way for casino expansion in South Florida appears dead after some well-heeled business owners flexed their muscles. Late Wednesday, the Florida State Senate scrapped plans to consider a bill that, if signed into law, would...
Kansas City Chiefs Garner Bulk of Super Bowl Bets in BetMGM States
There are 10 days left until Super Bowl LVIII kicks off, so changes are possible. But as things stood earlier today, the Kansas City Chiefs are commanding the significant majority of the traditional wagers in the states in which BetMGM is operational....
