5402 stories by Todd Shriber
Japan Sports Betting: Government Says Not So Fast
Japanese policymakers are throwing cold water on the idea of expanded sports wagering in the country, indicating a proposal to that effect is unlikely to gain near-term traction. Chief Cabinet Secretary Hirokazu Matsuno recently acknowledged that while Japan’s Sports Development Council could...
IGT Lottery Business Deserves More Credit, Says Analyst
International Game Technology (NYSE:IGT) is the maker of the famous Wheel of Fortune slot machine, and has budding exposure to iGaming, among other pursuits. But an analyst argues investors shouldn’t lose sight of the company’s thriving lottery business. In a report to...
Wynn Has Most Affluent Casino Patrons, According to Wells Fargo
With the Consumer Price Index (CPI) residing at four-decade highs, inflation is a prime concern for casino operators. But Wynn Resorts (NASDAQ:WYNN) may have some immunity because of the affluence of its customer base. In a new report, Wells Fargo analyzes household...
World Poker Tour Bringing $15 Million Multi-Tournament Event to Wynn Las Vegas
Wynn Las Vegas will be a hotbed of poker activity in December. That's when the World Poker Tour’s WPT Championship brings the first guaranteed $15 million prize pool to the Strip integrated resort. This is a multi-tournament event with a variety of...
Japan Considers Liberalizing Sports Wagering
In a bid to generate more sports-related revenue, Japanese policymakers are reportedly mulling expansion of regulated sports betting. But experts believe the move will face heavy opposition. The Economy, Trade and Industry Ministry has a draft proposal to ease restrictions on sports...
Genius Sports Notches Remarkable Rally on Russell 3000 Inclusion
The broader complex of gaming equities posted a decent showing Monday. But Genius Sports (NYSE:GENI) was the obvious standout. Shares of the sports betting data provider surged almost 17% on volume that was double the daily average. That came on news the...
DraftKings CEO Appears Bullish at Conference, Says Some Pro Bettors Still Offshore Action
In comments made today at the Goldman Sachs Travel and Leisure Conference, DraftKings (NASDAQ:DKNG) Chairman and CEO Jason Robins waxed bullish on his company’s trajectory and the broader sports wagering industry. But he cautioned some big sports bettors continue wagering offshore. During...
Okada Manila SPAC Deal Nears Closure Amid Founder’s Coup Attempt
Despite a recent coup attempt by its founder -- one some describe as violent -- Okada Manila is close to finalizing a merger with Jason Ader’s special purpose acquisition company (SPAC) 26 Capital (NASDAQ:ADER), setting the stage for a US listing. The...
Melco Dividend Not Returning Prior to 2024, Says Moody’s
Melco Resorts & Entertainment (NASDAQ:MLCO) is unlikely to join the ranks of casino operators restoring dividends this year or in 2023. In a recent note, Moody’s Investors Service says Lawrence Ho’s gaming company probably won’t be able to restart its cash payout...
Las Vegas NBA Expansion: Commissioner Adam Silver Says Don’t Soon Bet On It
The NBA-to-Las Vegas rumor mill may be poised for closure, and a lengthy one at that, as Commissioner Adam Silver refuted the notion the league will be expanding over the next several years. In remarks delivered earlier today prior to the start...
