5136 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...
AGS Texas Opportunity not Reflected in Share Price, Says Analyst
AGS (NYSE:AGS) stock could offer Texas-sized opportunity that’s not currently reflected in the share price. That's following last week’s Supreme Court ruling that paves the way for the Ysleta del Sur Pueblo tribe to offer bingo games near its El Paso reservation....
SciPlay Investor Engine Capital Pressing for Info on Light & Wonder Talks
Activist investor Engine Capital recently sent a letter to the board of SciPlay Corp. (NASDAQ:SCPL), pressing the gaming company for an update on its intellectual property (IP) negotiations with Light & Wonder (NASDAQ:LNW). Engine Capital owns 7.4% of SciPlay’s outstanding shares. That...
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...
Las Vegas Sands Stripped of Investment-Grade Rating by Fitch
Amid a slower-than-expected recovery in Macau, Las Vegas Sands (NYSE:LVS) is the latest casino operator to see its investment-grade credit mark pulled by a major ratings agency. Fitch Ratings recently downgraded the Venetian Macau operator to 'BB+' from 'BBB-' while maintaining “credit...
