5139 stories by Todd Shriber
Gaming Association Says Macau Should Extended Licenses Ahead of 2022 Deadline
The General Association of Administrators and Promoters, a trade group for Macau's gaming sector, is pushing the special administrative region's (SAR) government to extend operating permits for the six concessionaires in advance of the 2022 expiration deadline. Licenses for Las Vegas Sands,...
PGA Tour Taps FanDuel as Official Betting Operator
Shares of Flutter Entertainment (OTC:PDYPY) got a boost Monday, rising two percent in midday trading after the company's FanDuel unit was selected as the official betting operator of the PGA Tour. The financial terms of the deal weren't disclosed. But it's a...
PIMCO Enthusiastic on Travel, Leisure Debt, Including Casino Bonds
Fixed income manager Pacific Investment Management Co. (PIMCO) sees opportunities with corporate debt issued by travel and leisure companies, including casino operators, particularly if a coronavirus vaccine comes to market. Airlines, gaming companies, and hoteliers, to name a few, were among the...
William Hill Wins Approval for Purchase of CG Technology Nevada Ops, Including Several Strip Books
Already the largest sportsbook operator in Nevada, William Hill got the green light to bolster its Silver State footprint Thursday. That's when the Gaming Control Board (NGCB) approved the British company's purchase of CG Technology's (CGT) operations in the state. The acquisition,...
DraftKings, Penn National Downgraded by Morgan Stanley, Bank Cites Valuation, NFL Risk
In a rarity for sports betting equities these days, not one, but two beloved names suffered downgrades in a single day. Morgan Stanley's Thomas Allen lowered his ratings on DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) to “equal weight” from “overweight.” Allen,...
PointsBet Scores $500 Million Deal With NBC in Latest Betting/Media Marriage
Australian sportsbook operator PointsBet notched a victory Thursday. The service reportedly scored an almost $500 million deal with Comcast's NBC Sports to become the broadcaster's official sports betting partner. The news, originally reported by Sportico, is the latest in a series of...
Red Rock Resorts Estimates Raised by Analyst as Las Vegas Locals Segment Perks Up
Shares of Red Rock Resorts (NASDAQ:RRR) climbed modestly in midday trading Thursday. That's after an analyst boosted his 2020 through 2022 earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts on the gaming company. In a note to clients today, Stifel analyst...
Score Media Adds to New Jersey Exposure in Online Casino Deal With Twin River
Score Media and Gaming Inc. (OTC:TSCRF) is adding to its US footprint. Its Score Digital Sports Ventures unit, also known as theScore Bet, landed a deal to run an online casino in New Jersey for Twin River Worldwide Holdings (NYSE:TRWH). The Canadian...
Scientific Games Providing Golden Parachutes for Executives in Event Company Is Acquired
Scientific Games (NASDAQ:SGMS) is providing opulent financial protection for top-ranking executives -- including CEO and President Barry Cottle -- in the event there's a change in control at the gaming company in which C-suite members depart the firm. The Las Vegas-based company...
Colorado Sports Betting Handle Surges 55 Percent in July as National Sports Resume
Buoyed by the return of major domestic sports leagues, Colorado notched a sports betting handle of $59.18 million in July. That's a 55 percent increase from June, marking the best of the three months thus far that sports wagering has been live...
