3961 stories by Todd Shriber
Sphere Entertainment Earns Price Target Lift as Profitability Emerges
After plunging Tuesday, shares of Sphere Entertainment (NYSE: SPHR) rallied Wednesday after the company forecast positive adjusted operating income (AOI) for its fiscal second quarter, an impressive feat when considering Wall Street was expecting a loss. Sphere detailed the profitability expectations in...
DraftKings Debuts Pick6, New Peer-to-Peer Fantasy Game
DraftKings on Wednesday announced the launch of Pick6, a new peer-to-peer fantasy sports game rooted in the more or less concept. The debut of Pick6 arrived almost three months after DraftKings filed an application with the US Patent and Trademark Office (USPTO)...
Las Vegas Sands Boosting Holdings in Sands China
Las Vegas Sands (NYSE: LVS) announced it is increasing its holdings in its Sands China unit, the operator of five Macau integrated resorts. In a regulatory filing with the Hong Kong Stock Exchange (HKSE), the Las Vegas-based gaming company said it’s purchasing...
California Sports Betting Backers Amend Proposals
Eagle1 Acquisitions Corp., LLC, the group behind a pair of recently launched California sports betting pitches, submitted amendments to those proposals to the California Attorney General’s office in a potential effort to gain favor with the state’s Tribal gaming consortiums. Since the...
Trades Council Leader Slams Hofstra Over Long Island Casino Stance
The leader of the Building and Construction Trades Council of Nassau & Suffolk Counties blasted Hofstra University over its legal wranglings aimed at thwarting Las Vegas Sands’ efforts to bring a casino hotel to the site of the Nassau Veterans Memorial Coliseum...
BetMGM Sees 2023 Sales at Top End of Range, Profitability in Second Half
Online casino and sportsbook operator BetMGM said Monday that its 2023 revenue will come in at the high end of a previously forecast range of $1.8 billion to $2 billion while reiterating it will be profitable for the back half of this...
Texas Lt. Governor Dan Patrick Rains on Casino Parade
Following last week’s announcement that Dr. Miriam Adelson and the Miriam Adelson Trust are acquiring a majority stake in the Dallas Mavericks, there’s renewed optimism that Texas will eventually permit commercial casinos. Lt. Governor Dan Patrick (R), who has long opposed gaming...
DraftKings CEO Robins Says iGaming Could Top Sports Betting
DraftKings (NASDAQ: DKNG) CEO Jason Robins sees iGaming growth continuing in the US, potentially outpacing online sports betting in the future despite being permitted in just six states today. The chief executive officer and co-founder of the gaming company made comments to...
888 Holdings Refused $890M Playtech Takeover Offer
William Hill owner 888 Holdings Plc (OTC: EIHDF) reportedly turned away a nearly $890 million takeover offer from Playtech (OTC: PYTCF) in July. Citing unidentified sources, The Sunday Times reported 888 and Playtech discussed a deal in July with the suitor potentially...
Bally’s Reportedly Facing Multiple Investigations, Including Feds, Over Chicago Casino
Bally’s efforts to bring a casino hotel to Chicago -- the city’s first such venue -- could be marred by multiple investigations, potentially including one by the US Attorney’s Office, into the process by which the company won the bidding competition. Crain’s...
