5136 stories by Todd Shriber
Super Group Lifts 2025 Guidance, Plans to Exit US iGaming Market
Company expects one-time charge of $30 million to $40 million related to US iGaming departure Expects savings to be realized starting in 2026 Super Group (NYSE: SGHC), the parent company of Betway, boosted its 2025 financial guidance, but the stock fell after...
Flutter Has Recession Insulation, Multiple Tailwinds, Says Analyst
FanDuel parent draws praise from Jefferies in new coverage Analyst says Flutter has recession buffers, tailwinds justifying Wall-Street high price target of $380 Shares of Flutter Entertainment (NYSE: FLUT) are up 9.44% year-to-date -- an impressive feat considering the headwinds encountered by...
LeBron James-Backed Fantasy Life Raises $7M in Second Funding Round
More than a dozen investors, including LeBron James, participated in latest funding round Company was started by fantasy football personality Matthew Berry Fantasy Life, the fantasy sports and gaming company started by fantasy football personality Matthew Berry, announced it raised $7 million...
MGM Hit With ‘Sell’ Rating By Goldman Sachs
Bank says lease obligations, spending plans could crimp MGM’s free cash flow MGM has limited prospects for asset sales, says analyst Following three consecutive weekly gains, shares of MGM Resorts International (NYSE: MGM) retreated Monday following negative commentary on the casino stock...
Wynn Unveils Plans for Private Enclave Residences at UAE Casino Resort
Wynn releases initial details of tony Enclave offering at UAE casino hotel Enclave is located atop the resort’s hotel tower and features private access Wynn Resorts has publicized initial details and images for its Enclave concept -- a group of exclusive residences...
Casino Hackers Targeting Airlines, Says FBI
Hacking group that victimized Caesars, MGM is now targeting airlines FBI says bad actors using ransomware, social engineering tactics to extort companies Scattered Spider, the band of cyber bandits that executed large-scale ransomware attacks against MGM Resorts International and Caesars Entertainment in...
Bally’s Placed on ‘Rating Watch Negative’ by Fitch After Intralot Deal
Bally’s announced Tuesday it’s combining its international interactive unit with Intralot at an enterprise value of $3.17 billion Fitch says Bally’s at risk of ratings downgrade if leverage remains high or if it can’t release a Rhode Island casino to GLPI Fitch...
Resorts World NYC Could Rapidly Transform to Traditional Casino
Genting says it can convert Queens venue to Las Vegas-style casino within six months It’s one of the frontrunners for one of the three downstate licenses Resorts World New York City (RWNYC) could convert to a Las Vegas-style casino hotel in just...
Brightstar Lottery Unveils $1.1 Billion in Shareholder Rewards
Company formerly known as International Game Technology is returning $1.1 billion of capital to investors Shareholder rewards program consists of $500 million buyback, special dividend The company that will soon be formerly known as International Game Technology (IGT) announced today it is...
Fanatics Joins Illinois Surcharge Parade, But at Smaller Rate Than Rivals
Fanatics announced an Illinois surcharge of 25 cents per sports bet That’s half what rivals DraftKing, FanDuel said they’ll charge Illinois customers The list of Illinois sportsbook operators levying surcharges on bets following the state’s recent tax increase is again growing with...
