5359 stories by Todd Shriber
BetMGM Enters Illinois Just in Time for Mobile Betting Registration
BetMGM, one of the largest iGaming and online sportsbook operators in the US, announced today it's accepting sports wagers in Illinois. The news arrives as the already thriving regulated sports betting market in the sixth-largest state is waiving its in-person registration requirement....
iGaming Stocks Nearing Bottom, RSI Preferred Idea, Says Analyst
Internet casino and sports wagering equities are being walloped this year. But a bottom could be near for iGaming stocks, and there's a clear way to play a potential rebound, according to one analyst. In a new note to clients, Roth Capital...
DraftKings Tumbles Despite Strong EBITDA, Addressable Market Forecasts
DraftKings (NASDAQ:DKNG) is being taken to the woodshed today, even after the gaming company's investor day revealed encouraging long-term earnings before interest, taxes, depreciation and amortization (EBITDA) and total addressable market forecasts. Shares of the online sportsbook operator are lower by 8.65...
MGM to Repurchase $2B Worth of its Own Stock
MGM Resorts International (NYSE:MGM) announced Wednesday that its board of directors approved a new $2 billion share repurchase plan. That marks one of the largest shareholder rewards programs in the gaming industry since the start of the coronavirus pandemic. The virus outbreak...
SciPlay Acquires Mobile Games Developer Alictus
Social casino developer SciPlay Corp. (NASDAQ:SCPL) is bolstering its lineup of mobile game offerings through the acquisition of Alictus, a Turkish creator of casual games. Under the terms of the deal, Las Vegas-based SciPlay is paying $100 million in cash for 80...
DraftKings Anointed Top Gaming Pick by Morgan Stanley
It's not doing much to move the stock, but DraftKings (NASDAQ:DKNG) is garnering some support today in the form of bullish analyst commentary. Morgan Stanley highlights the daily fantasy sports (DFS) and online sportsbook giant as its top pick in its gaming...
Apollo Looking to Merge Yahoo! Sports with Sportsbook Operator
Apollo Global Management (NYSE:APO) is reportedly holding early stage talks about merging Yahoo! Sports with a sports wagering company. CNBC reported the news earlier today, citing unidentified sources that say the private equity company is discussing a possible transaction with Australia’s PointsBet...
Las Vegas NBA Rumor Heating Up, Pundit Says LeBron James Could Be Involved
This is supposed to be the year in which Las Vegas learns its fate as a potential home of an NBA franchise. While an official announcement from the league hasn't materialized, one pundit believes the association's marriage with the US casino center...
DraftKings CEO 2021 Pay Slides, Still 137 Times in Excess of Median Employee
DraftKings (NASDAQ:DKNG) cofounder and CEO Jason Robins saw his 2021 total compensation tumble, as shares of the sports betting operator did the same. His total pay declined to $14.03 million in 2021 from a staggering $236.83 million the prior year. However, no...
IGT Stock Tumbles Despite Solid 2022 Outlook
Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That's despite the slot machine manufacturer issuing first-quarter and full-year guidance that, at the high end of the ranges, exceeds consensus estimates. In midday trading, IGT stock is lower by 15.12 percent on...
