5402 stories by Todd Shriber
The Athletic, BetMGM Strike Latest Betting/Media Partnership
BetMGM and The Athletic are teaming up in the newest agreement between a sportsbook operator and a media property. The financial terms of the pact weren't disclosed. But BetMGM is becoming the sports outlet's exclusive wagering partner in the US. News of...
Media Deals Could Drive $30 Billion of iGaming, Sports Betting Revenue by 2030
Internet gaming, media, and sports are now joined at the hip. The result of these formerly disparate enterprises joining forces is big business, with one research firm forecasting more than $30 billion worth of iGaming and sports wagering revenue by 2030, all...
Macau Operator EBITDA Could Return to 2019 Levels in Late 2021
It's possible that Macau's gaming industry returns to profitability metrics seen prior to the coronavirus pandemic earlier than expected, according to a Chinese investment bank. In a recent note, China International Capital Corp (CICC) analysts covered the six concessionaires in the world's...
Jim Murren SPAC Acies Acquisition in Talks to Take MGM-Supported Playstudios Public
Blank-check firm Acies Acquisition Corp. (NASDAQ:ACACU) is proving who you know is always important in business. The special purpose acquisition company (SPAC) created last year by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, Dan Fetters, and Edward King is reportedly in...
Robert Goldstein, Purported Online Sports Betting Backer, Replaces Sheldon Adelson at Las Vegas Sands
Las Vegas Sands (NYSE:LVS) has removed “acting” from Robert Goldstein's titles as chairman and chief executive officer. It makes the longtime executive the company's first permanent leader following the death of Sheldon Adelson earlier this month. Goldstein, 64, took the reins as...
Goldman Upgrade Golden for DraftKings Stock, Shares Soar, Helped by Michigan Forecast
DraftKings (NASDAQ:DKNG) stock is one the best-performing equities Tuesday after Goldman Sachs analyst Stephen Grambling upgraded the name. In late trading, shares of the sportsbook operator are higher by about 6.70 percent after Grambling lifted his rating on the stock to “buy”...
Genting Malaysia Will Support Resorts World New York If Needed, Says Fitch
Genting Malaysia (GenM) could step in to support its New York unit if that business encounters financial difficulty in the future, according to Fitch Ratings. GenM is the gaming company behind the Resorts World brand. Genting New York LLC (GenNY), the operator...
Lakeside Inn and Casino in Nevada Auctioning Slots, Gaming Tables
Locals and gaming memorabilia enthusiasts may find some treasure at an upcoming auction featuring assets of the Lakeside Inn and Casino in Stateline, Nev. The 35-year-old casino, located just a mile over the California border, was a beloved destination for locals despite...
Full House Comes Up Aces on Q4 Results Reveal, Colorado Expansion Plans
On what's shaping to be a mostly bleak day for gaming equities, Full House Resorts (NASDAQ:FLL) is one of the positive standouts. That's after delivering a strong preliminary look at its fourth-quarter results. The regional gaming company forecast revenue of $37.8 million...
Einhorn Bullish on fuboTV as Sports Fandom, Betting Become Interactive
Streaming service provider fuboTV (NYSE:FUBO) has the support of one of Wall Street's biggest names, a revelation that explains the stock's rally late last week. On news that David Einhorn’s Greenlight Capital was an early investor in the company and maintains a...
