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Todd Shriber
5667 stories by Todd Shriber
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...
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...
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...
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 --...
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...
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...
Bally’s Traffic Study for Temp Casino Skewered by Chicago Alderman
Chicago Alderman Brendan Reilly is blasting a traffic study paid for by Bally’s Corp., claiming the survey doesn’t account for rising crime in the neighborhood where a temporary casino would be staged. The Ballys examination...
MGM Unlikely to Bid Anew for Entain as Economy Crimps Financing
The deteriorating global macroeconomic environment is crimping financing avenues, indicating a pause in large-scale mergers and acquisitions could be a result. Some analysts believe that’s relevant to suitors considering gaming industry targets, including MGM Resorts...
Regional Casino Q3 Earnings Could Impress, Analyst Has Penn Concerns
Third-quarter earnings season starts in earnest next week, and downtrodden shares of regional casino operators could give investors something to talk about. Gross gaming revenue (GGR) trends in the group remain sturdy. That, despite expectations...
Bill Foley Shuttering Two SPACs, Including One Involved in Scrapped WynnBET Merger
Las Vegas Golden Knights owner Bill Foley is closing two special purpose acquisition companies (SPACs), one of which was involved in a now-defunct gaming industry reverse merger. In the latest sign of a significant cooling...
