5082 stories by Todd Shriber
ESPN Deal Could Spur DraftKings International Expansion, Say Analysts
DraftKings’ (NASDAQ: DKNG) widely anticipated deal with Walt Disney’s (NYSE: DIS) ESPN unit, which has yet to be confirmed by either party, could spur the gaming company’s international expansion efforts, according to industry analysts. Rumors surfaced last week that the two companies...
Genius Sports, Sportradar Settle Data Collection Rift
Genius Sports (NYSE: GENI) and Sportradar (NASDAQ: SRAD) today announced the settlement of litigation pertaining to data collection at the games of several European football leagues. Financial terms of the settlement weren’t disclosed, and Genius is maintaining the rights to provide low-latency...
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...
Tekkorp Digital Latest Gaming SPAC to Call it Quits
Tekkorp Digital Acquisition (NASDAQ: TEKK) has scrapped plans to seek an extension to its business combination timeline. It becomes the latest gaming-focused special purpose acquisition company (SPAC) to fall victim to a blank-check thaw in the industry. Earlier this week, the Las...
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...
