4977 stories by Todd Shriber
Flutter Selloff Could Become Buying Opportunity
Flutter holds leading positions in the US and around the world Investment thesis buoyed by strong balance sheet Like other gaming stocks, Flutter Entertainment (NYSE: FLUT) is being hammered in a tariff-induced selloff that’s rocking US equities. That punishment continued Monday with...
MGM Director Diller Supporting Cuomo for NYC Mayor
MGM board member wants former governor to be next mayor of NYC Endorsement stems from Cuomo’s assistance on Little Island project MGM Resorts International (NYSE: MGM) Director Barry Diller has reportedly endorsed former New York Gov. Andrew Cuomo (D) in his run...
Bally’s Makes 11th-Hour Bid to Save Star Entertainment
Bally’s offering AU$250 million in financing for embattled Star Regional casino operator believes its bid is superior to Hong Kong investor offer to buy Star Brisbane Bally’s (NYSE: BALY.T) has swooped in with an 11th-hour bid to save ailing Star Entertainment, offering...
Goldstein to Be Replaced by Dumont as Sands CEO in 2026
Sands chief executive officer to transition to senior advisor role in March 2026 Current COO and President Dumont likely to take the helm Las Vegas Sands (NYSE: LVS) announced Thursday that Chairman and CEO Robert Goldstein will move to the role of...
Doncic Trade May Be Sparking Higher NBA Handle, Says DraftKings CEO
Doncic was traded to the Los Angeles Lakers on Feb. 1 Move could be stoking more NBA bets In a transaction that shook the NBA, the Los Angles Lakers acquired Luka Doncic from the Dallas Mavericks on Feb. 1 and that trade...
Penn Credit Profile Weakening, ESPN Bet Problematic, Says Analyst
Penn Entertainment credit profile weakening as rent leverage increases ESPN Bet viewed as overhang Penn Entertainment’s (NASDAQ: PENN) credit profile is being pinched by rising rent-adjusted leverage -- a scenario expected to linger throught this year -- and the operator’s ESPN Bet...
DraftKings, FanDuel to Bear Brunt of New Jersey Online Betting Tax Hikes
Two largest operators would see taxes in the state increase by an estimated $126 million New Jersey hasn’t officially approved governor’s plan to boost iGaming, sports wagering taxes DraftKings and FanDuel, the two largest online sportsbook operators in the US, would bear...
Flutter Forecasts Up to $300 Million in Q2 Share Repurchases
Part of $5 billion buyback program announced last year Announcement arrives a day after FanDuel parent delivered quarterly results Flutter Entertainment (NYSE: FLUT) said Wednesday it plans to repurchase as much as $300 million worth of its shares in the second quarter...
Kalshi Kicked Out of Nevada by NGCB
Prediction market has until March 14 to exit Nevada Latest sign of state’s hostility to web-based wagering Prediction market operator Kalshi has been ordered by the Nevada Gaming Control Board (NGCB) to halt its activities in the state and exit by 5...
Flutter Issues Strong 2025 Guidance Backed by FanDuel Growth
Flutter forecasts sizable 2025 EBITDA, revenue growth US operations could represent close to half of 2025 sales Flutter Entertainment (NYSE: FLUT) announced impressive 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA), and revenue guidance on Tuesday -- outlooks that accompanied the...
