5133 stories by Todd Shriber
DraftKings Follows FanDuel, Implements Illinois Surcharge
DraftKings to implement per bet levy of 50 cents in Illinois Rival FanDuel announced the same fee in the state earlier this week Expressing disappointment that Illinois has tripled its tax rate over the past two years, DraftKings (NASDAQ: DKNG) said Thursday...
Fertitta Displeased with Wynn Executives, Share Price
Lawyer makes comments at NGCB meeting First time anyone connected to the investor has been openly critical of Wynn Attorney says Fertitta will remain passive investor A lawyer for Tilman Fertitta’s eponymous gaming and leisure company told Nevada regulators Wednesday that his...
Bally’s Bronx Casino Plan Scores Victory with Mayor’s Help
City Council votes to advance parkland alienation bill Legislation, essential to Bronx casino effort, now heads to Albany In its quest to bring a casino hotel to the Bronx, Bally’s scored a much-needed victory Wednesday when the New York City Council, with...
DraftKings Emerging as Live Betting Leader, Says Jefferies
In-game wagering increasingly popular among US bettors Trend could benefit DraftKings, Sportradar Female bettors embracing live wagers, too In-game, or live wagering is taking off in the US and that trend has investment implications DraftKings (NASDAQ: DKNG) and Sportradar (NASDAQ: SRAD) potentially...
Genius Sports Adds Digital Advertising to NFL Partnership
New deal runs through 2029 Expanded partnership includes advertising on BetVision as well as NFL-owned digital platforms Shares of Genius Sports (NYSE: GENI) gained 3% Wednesday after the sports betting data provided announced an expanded, extended agreement with the NFL. Genius paid...
Schiff Presses Quintenz on Event Contracts, Tribal Sovereignty
CFTC nominee Quintenz appeared before Senate Ag Committee Adam Schiff of California pressed nominee on his views on sports event contracts possibly violating tribal sovereignty, state gaming compacts with Indian Country Brian Quintenz, President Trump’s pick to lead the Commodities Futures Trading...
Combined Everi/IGT Will Be Bigger Than Aristocrat, Light & Wonder
Assessment is based on installation base, not market value Transaction expected to close in a matter of weeks When Apollo Global Management (NYSE: APO) puts the finishing touches on its $6.3 billion acquisition of Everi (NYSE: EVRI) and International Game Technology’s (NYSE:...
Kalshi Investor Schwab Staying Abreast of Prediction Market Developments
Schwab says it’s keeping an eye on prediction markets though it has no imminent plans Remarks come after Kalshi co-founder Tarek Mansour said more brokerage firms will integrate prediction markets on their platforms Charles Schwab, the brokerage firm that’s a Kalshi investor,...
FanDuel Parent Flutter Unveils Illinois Surcharge
Starting in September, FanDuel will apply 50 cent surcharge per bet made in Illinois Company is first to respond to state’s recent tax increase, the second in a year DraftKings likely to follow suit, says analyst Flutter Entertainment (NYSE: FLUT), the parent...
Resorts World Departing New York Sports Betting Space
Rare casualty in the biggest online sports betting market in the US Resorts World Bet closing up shop on June 30 No effect on parent company’s casino ambitions Resorts World Bet, Genting’s online sports wagering mobile application in New York, is leaving...
