5359 stories by Todd Shriber
Kansas Eyes NFL Season for Sports Betting Launch, Governor Says Don’t Bet on Chiefs Move
The recently signed Kansas sports betting legislation goes into effect on July 1, potentially positioning the state to be ready for the start of the 2022 NFL season. Speaking of the NFL, Gov. Laura Kelly (D-KS) says Kansans should not bet on...
Jackpot Lands $35M in Funding, Investors Include NBA Stars Joel Embiid, James Harden
Jackpot, a provider of internet lottery games, said today it closed a $35 million series A funding round that includes some big-name athletes, team owners, and gaming executives. Jackpot plans to launch operations in the US in select states this year, according...
Fanatics Founder Michael Rubin Divests Stakes in Philadelphia 76ers, New Jersey Devils
Fanatics founder Michael Rubin announced today he’s selling his interests in the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils. Rubin is divesting his 10% stake in Harris Blitzer Sports & Entertainment, the company that owns the teams, in a transaction...
Sinclair Nears Debut of Bally Sports+ Streaming Service
Sinclair Broadcast Group (NASDAQ:SBGI) will reportedly soft launch its Bally Sports+ streaming platform in select markets as soon as Thursday. The Sports Business Journal reports the streaming offering will debut in five markets this week, with the goal of rolling it out...
Caesars Earns Overweight Rating in New JPMorgan Coverage
Shares of Caesars Entertainment (NASDAQ:CZR) are enjoying a modest bounce today. That's after JPMorgan analyst Joseph Greff restarts coverage of the casino operator with a bullish call. In a note to clients, Greff reinstates the Horseshoe operator with an “overweight” rating and...
MGM CFO Jonathan Halkyard Forecasts Additional M&A, Share Buybacks
MGM Resorts International (NYSE:MGM) could participate in more mergers and acquisitions activity and continue buying back its slumping stock, its chief financial officer said at an industry conference. Speaking by phone at the Jefferies Global Consumer Conference earlier today, MGM CFO Jonathan...
Caesars, Penn National to Be Avoided or Shorted, Says Wells Fargo
Second-quarter earnings season could be challenging for companies across a variety of industries. With casino equities slumping, Wells Fargo is telling clients to avoid or short Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN). On the back of a 17.31% loss over...
AGS Gaming Tech Company Bullish on Supreme Court Texas Bingo Ruling
The Supreme Court ruled on Wednesday that Texas cannot block the Ysleta del Sur Pueblo from offering bingo games on its reservation near El Paso. Gaming company AGS (NYSE:AGS) is bullish on the high court’s decision. The decision extends the Supreme Court’s...
Sands China, Wynn Macau Most Affected by Macau Dividend Rule, Says Bank
Under Macau’s new gaming law, concessionaires need to notify Chief Executive Ho Iat-seng of plans to pay dividends. Credit Suisse analysts say Sands China and Wynn Macau are the operators most affected by that requirement. The final draft of Macau’s amended gaming...
LVS Needs to Provide Capital to Sands China, Says Credit Suisse
Las Vegas Sands (NYSE:LVS) needs to provide its Sands China unit with $413 million in cash to come into compliance with Macau’s new gaming laws, according to Credit Suisse. Analysts at the bank say Sands China is currently the only one of...
