4982 stories by Todd Shriber
GVC, MGM Go All-in on BetMGM, More Than Double Investment to $450 Million
GVC Holdings Plc and MGM Resorts International (NYSE:MGM) are prioritizing their ROAR Digital betting partnership. They boosted their investment in the online wagering platform to $450 million from $200 million in a second funding round unveiled today. In 2018, the British bookmaker...
PrizePicks Secures $850,000 in Funding, Capital Raise Includes Poker Legend Phil Hellmuth
Daily fantasy sports (DFS) company PrizePicks landed $850,000 in capital during its latest funding round led by Parlay Capital Holdings. Poker legend Phil Hellmuth is also among the angel investors participating in the financing for the company. Casino.org reached out to PrizePicks'...
GVC Could Be Winning Wager Among Sports Betting Stocks, Says Deutsche Bank Analyst
GVC Holdings Plc is the latest British bookmaker to garner praise from a sell-side research firm, with Deutsche Bank saying the company's coming update could be better than expected. GVC -- which partners with MGM Resorts International (MGM) on the ROAR Digital...
Penn National, Twin River Among Regional Names Analyst Prefers to Strip Operators
Amid ongoing spikes in coronavirus case tallies throughout the US, travel and leisure stocks, including gaming equities, tumbled Wednesday. But one analyst believes regional casino names could prove resilient relative to destination market peers. In an interview with Fox Business, SunTrust Robinson...
Macau GGR Trending Higher to Start July, Improvement Seen Over May, June
It's still early, but if the first five days of this month are any indication, July will be kinder to Macau concessionaires than the previous two. That's as channel checks conducted by Bernstein confirm operators in the world's largest gaming center averaged...
IHRC Staff Not Enthusiastic About Eldorado/Caesars Deal, Doubts ERI Pari-Mutuel Commitment
Just days before a scheduled discussion, Indiana Horse Racing Commission (IHRC) staff expressed concerns about Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR). In a report to the IHRC, commission staff says it's impossible “to offer its enthusiastic or...
Steve Wynn Defamation Suit Against Associated Press Could Get Lifeline in Nevada Court
Steve Wynn's defamation claim against the Associated Press and one of the wire service's reporters -- which was dismissed by Clark County District Court Judge Ronald Israel nearly two years ago -- could be resuscitated in the Supreme Court of Nevada. On...
Circus Circus Suing AIG Over Coronavirus Losses, Claims Insurance Giant Is Distorting Facts
Circus Circus LV, LP -- a holding company for the Las Vegas Strip venue of the same name -- is suing American International Group (AIG). It joins a parade of companies pursuing litigation against insurance providers refusing to cover losses stemming from...
Nagasaki IR Partner Recruitment Effort Commencing Later This Month
Nagasaki prefecture is slated to commence recruitment of an integrated resort partner by the end of July. The goal is wrapping up that effort by late August, as the Japanese region keeps its hopes of becoming a gaming destination alive amid the...
Macau Operators Staring at Worst Results Ever in Q2, Analysts Focus on Operating Costs
The second quarter of 2020 could be the worst three-month stretch on record for Macau's six concessionaires. The special administrative region's (SAR) gaming industry remains hindered by travel restrictions keeping gamblers away from the casino center. Morgan Stanley said losses for Macau...
