5361 stories by Todd Shriber
CFTC Member Quintenz Skewers Commission Decision to Reject NFL Futures Contracts
Commodities Futures Trading Commission (CFTC) member Brian Quintenz has slammed the agency decision to reject a plan by Eris Exchange, LLC (ErisX) to introduce futures contracts related to NFL games. The scathing assessment reads like a dissenting opinion from a Supreme Court...
World Poker Tour Drama Continues as Allied Esports Will Accept Bally’s Bid
The saga that is the takeover of the World Poker Tour (WPT) has a new chapter. Seller Allied Esports Entertainment, Inc. (NASDAQ:AESE) said it received a better offer from Bally's Corp. (NYSE:BALY). Word from Allied on the new Bally's bid surfaces just...
ErisX Halts Plan to List NFL Futures Contracts
Eris Exchange, LLC (ErisX) is temporarily icing an effort to list futures contracts tied to NFL games. The Chicago-based operator of a digital currency exchange and clearinghouse announced the withdrawal of its plan on Tuesday. There was chatter that the Commodities Futures...
Bally’s $2.7 Billion Gamesys Deal Confirmed, Analysts Laud Acquisition
Bally's Corp. (NYSE:BALY) and Gamesys (OTC:JKTPF) are confirming a $2.7 billion takeover by the casino operator of the British online gaming firm. It marks one of the buyer's largest acquisitions to date. In a regulatory filing with the Securities and Exchange Commission...
Sports Betting Stocks Retreat, But Analysts Say Catalysts Remain
Sports wagering equities, including DraftKings (NASDAQ:DKNG), Flutter Entertainment (OTC:PDYPY), and Penn National Gaming (NASDAQ:PENN), are faltering Wednesday. Analysts don't expect that scenario to last for long. Shares of FanDuel parent Flutter and DraftKings are off an average of two percent today, while...
GeoComply Enters Unicorn Territory with Atairos, Blackstone Investments
GeoComply Solutions, the provider of geolocation services to gaming operators, is in rarefied air among privately held emerging growth companies. Following the first influx of institutional capital into the Canadian cybersecurity firm, the company is valued at north of $1 billion. That...
Bally’s Reveals Offer for Gamesys, Extends Acquisition Binge
Shares of Bally's Corp. (NYSE:BALY) are soaring Wednesday after the company said it reached an agreement in principle to acquire online gaming operator Gamesys (OTC:JKTPF). News of the deal was revealed in an 8-K filing with the Securities and Exchange Commission (SEC)....
Sportradar Buying Synergy Sports, Company Backed by Rumored SPAC Suitor Boehly
Sportradar is acquiring sports data and video analytics provider Synergy Sports for an undisclosed sum, according to the two companies. Sports betting data provider Sportradar is using the purchase of Synergy to complement its roster of agreements with professional sports leagues. The...
Goldman Sachs Sees iGaming, Sports Betting Growth Outpacing E-Commerce
The domestic online casinos and sports wagering markets are two of the biggest consumer-related stories, and are poised to notch enviable compound annual growth (CAGR) for over a decade, according to Goldman Sachs. Citing the familiar catalysts of a positive legislative environment...
Blackstone May Have to Raise Bid for Crown Resorts, Says JPMorgan
Blackstone (NYSE:BX) is offering $6.2 billion for Crown Resorts. But that may not be enough to get the Australian gaming company to come to the bargaining table. On Sunday, Crown said it received the proposal from the private equity firm, valuing the...
