5082 stories by Todd Shriber
DraftKings Stock Jumps Following Investor Day Comments, Sees $67B Market for iGaming, Sports Betting
DraftKings (NASDAQ:DKNG) stock is rallying Tuesday after the company said the North American iGaming and online sports wagering markets could eventually be worth $67 billion or more on a combined basis. This is far higher than even some of the most enthusiastic...
Skillz Stock Craters After Wolfpack Research Forecasts ‘SPACtacular Disaster’
Shares of mobile games developer Skillz Inc. (NYSE:SKLZ) are lower by almost 15 percent in late trading. That's after Wolfpack Research issued a scathing report on the newly pubic company while revealing it's shorting the stock. Wolfpack's report comes ahead of Skillz...
Atari Planning Ethereum-Backed Casino Capitalizing on NFT Boom
Atari, one of the founding fathers of the video game industry, is planning to launch an online casino to tap into several scorching hot technology trends. The casino will be developed with Decentral Games and launched on the Ethereum blockchain. By market...
Robbins, Other DraftKings Founders Taking $1 Salaries for Rest of 2021
DraftKings (NASDAQ:DKNG) founders Matthew Kalish, Paul Liberman, and Jason Robbins are working cheaply this year. A recent Form 8-K filing with the Securities and Exchange Commission (SEC) reveals the three executives will make base salaries of $1 for the remainder of this...
Sportradar Reportedly Close to $10 Billion Agreement with Horizon Acquisition II
Sportradar has reportedly reached a pact with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II (NYSE: HZON). That paves the way for the sports betting data provider to go public at a $10 billion valuation. Rumors about a deal between the...
DraftKings Settles DFS Class Action Suit with Angry Players for Site Credits
DraftKings will pay $8 million to class action plaintiffs that asserted the company didn't accurately represent the difficulty of its daily fantasy sports (DFS) contests, among other claims. The settlement was reached last week. However, there's a big sticking point. The bulk...
Las Vegas Sands Draws Mixed Reviews from Ratings Agencies on Venetian Sale
On Wednesday, Las Vegas Sands (NYSE:LVS) announced the sale of the Venetian Resort and Sands Expo and Convention Center on the Strip for $6.25 billion, effectively eliminating, for now at least, its US portfolio. Private equity firm Apollo Global Management is acquiring...
Genius Sports, Rush Street Interactive Founders Start Another SPAC, Target Gaming
Niccolo de Masi and Harry You are again flexing their muscles in the special purpose acquisition company (SPAC) space. Today, they brought to market a fourth blank-check firm that could target gaming entities as merger partners. dMY Technology Group, Inc. IV (NYSE:DMYQU)...
Bally’s Makes Unsolicited $100M Offer for Allied Esports, World Poker Tour Sale Could Be Scrapped
Allied Esports Entertainment (NASDAQ:AESE) confirmed today it received a $100 million takeover offer from Bally's Corp. (NYSE:BALY). That means it would be forced to end a plan to sell a unit that owns the World Poker Tour (WPT) if the buyout bid...
Bally’s Scores Betting Deal with NBA, Second Pro League Partnership
Bally's Corp. (NYSE:BALY) continues solidifying its sports wagering footprint, announcing late Thursday that it's now the authorized sports betting operator of the NBA. Financial terms of the multi-year agreement weren't disclosed. Details of the pact are standard fare among gaming companies and...
