4975 stories by Todd Shriber
Genting, MGM Seen as Leaders for New York Casino Licenses
Empire City, Resorts World viewed as leaders in New York City casino competition. Sands bid strong, but water usage could be red flag. Times Square casino proposal also seen as viable. Gaming venues operated by Genting and MGM Resorts International are considered...
Sands Exec Says Doncic Was Poor ‘Character’ Fit for Mavs
Dallas Mavericks Governor Patrick Dumont mentioned Luka Doncic’s work ethic as justification for trading the star The Sands executive said he wants hard-working, character-first players on the team He reiterated the franchise will remain in Dallas In his first interview since the...
Eagles Win Leads to Weak Super Bowl Hold for Sportsbooks
The Philadelphia Eagles victory over the Kansas City Chiefs in Super Bowl LIX led to decreased hold for sportsbooks The game still likely provided long-term benefits for sportsbooks The Philadelphia Eagles trounced the Kansas City Chiefs in Super Bowl LIX, making a...
iGaming, Sports Betting Markets Seen Swelling to $26.8B in 2025
The domestic iGaming and online sports betting markets could notch combined gross revenue of $26.8 billion this year on their way to topping $41 billion by 2028, according to Vixio Regulatory Intelligence. Vixio notes the US internet sports wagering segment could post...
Standard General Wraps Up $4.6 Billion Bally’s Acquisition
Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share for the gaming company last March before...
Wynn Lands $2.4 Billion in Financing for UAE Casino Resort
Wynn Resorts (NASDAQ: WYNN) announced Thursday that it procured a $2.4 billion construction loan for its planned casino resort in the United Arab Emirates (UAE), meaning financing for the project is completed. The loan, which is denominated in both dollars and dirham,...
Post-Super Bowl, Sportsbooks Can Ignore Most Bettors
In advance of the Super Bowl, sportsbook operators often ramp-up marketing activity with some shelling out big money to run advertisements during the game. Data indicate gaming companies can cool it after the big game because some bettors simply aren’t worth chasing....
Caitlin Clark, Angel Reese Stoke WNBA Betting Boom
In their rookie campaigns, Caitlin Clark and Angel Reese brought more attention to the WNBA, including sparking a significant uptick in betting volume on the league. A new study by the Journal of Gambling Business and Economics confirms the star power possessed...
Fox Says FanDuel, Flutter Stakes Worth More Than $7.5 Billion
Media giant Fox Corporation (NASDAQ: FOX) estimated the combined value of its Flutter Entertainment (NYSE: FLUT) and FanDuel stakes at nearly $8 billion. On a Tuesday conference call with analysts to discuss the company’s fiscal second-quarter results, CEO Lachlan Murdoch said Fox’s...
Dallas Mavericks Aren’t Moving to Las Vegas, Say Adelson, Dumont
The Dallas Mavericks are staying in North Texas with ownership making it clear it doesn’t plan to move the NBA franchise to Las Vegas. Last Saturday, the team traded superstar Luka Doncic to the Los Angeles Lakers, stoking renewed speculation that owners...
