4982 stories by Todd Shriber
ROAR Digital Inks Deal with Oregon Tribe, Will Open BetMGM Sportsbook, Eyes Mobile Wagering
ROAR Digital, the sports wagering venture between MGM Resorts International (MGM) and GVC Holdings (GVC), reached an agreement with the Confederated Tribes of Grand Ronde of Oregon to be the tribes' exclusive sports betting partner. Financial terms of the deal weren't disclosed,...
Circa Casino Defies Coronavirus Headwinds, Will Open Two Months Ahead of Schedule
The Circa Resort & Casino, the newest baby of real estate and gaming mogul Derek Stevens, is avoiding construction roadblocks that could have arisen from the coronavirus pandemic. It is slated to open in downtown Las Vegas on Oct. 28 – two...
DraftKings Finds Good Timing With Secondary Offering, Says Oppenheimer Analyst
DraftKings (NASDAQ:DKNG) is encountering some good timing with news of a secondary equity sale in which the sportsbook operator will market another 14 million shares. The daily fantasy sports (DFS) giant revealed the offering in a filing with the Securities and Exchange...
Eldorado Closer to Caesars Finish Line as Banks Prep Critical $7.2 Billion Bond Offering
In a move critical to sealing Eldorado Resorts Inc.'s $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), the regional gaming company announced a massive corporate debt sale. That's while a syndicate of banks is preparing to move those bonds as market conditions improve....
DraftKings Forecasts Q2 Revenue Well Above Consensus, Shares Slide on Secondary Offering News
In a Form S-1 filing with the Securities and Exchange Commission (SEC), DraftKings (NASDAQ:DKNG) forecast second-quarter revenue that's well above consensus estimates. The filing, released today after the close of US markets, indicates the daily fantasy sports (DFS) company and sportsbook operator...
Becker, Thomas, Culprits in Alleged $30 Million Sports Betting Fraud, Allowed $5,000 in Monthly Living Expenses
A US District Court judge in Nevada will allow John F. Thomas and Thomas Becker — the two Henderson men behind an allegedly fraudulent $29.5 million sports wagering mutual fund — to draw $5,000 apiece per month in living expenses. Judge Andrew Gordon made...
UFC Adds $150 Million to $2.3 Billion Loan, Moody’s Concerned About Rising Leverage
UFC Holdings (UFC) is generating free cash flow, but the company behind the mixed martial arts (MMA) association is adding $150 million to a $2.3 billion loan, sparking concern about an increasing debt burden. By bringing in another $150 million into the...
William Hill Recovery ‘Strong,’ US Topping Expectations, Company Unveils Massive Share Sale
William Hill Plc, one of the largest sportsbook operators, said there's evidence of a strong recovery in betting markets as the sports calendar grows fuller and that the US region is topping internal estimates. The UK-based bookmaker added that it's planning a...
Caesars Reopenings Hindered by Nevada Regulations, Regionals Prove Steady
Caesars Entertainment (NASDAQ:CZR) said revenue in Nevada during the recent reopening of gaming venues there declined from the year earlier period. But there was some modest top line growth at its regional properties that came back online following the coronavirus shutdown. In...
Eldorado Makes Cash Call, Raises About $1.2 Billion in Share Sale, VICI Deals
Eldorado Resorts (NASDAQ:ERI) is pulling some levers to raise cash, saying Monday that it plans to sell 18 million shares of stock and that it struck two deals with VICI Properties (NYSE:VICI) worth a combined $503.5 million. The announcements were made after...
