5139 stories by Todd Shriber
Eldorado Contending With New Jersey Regulators’ ‘Uncertainty’ on Caesars Deal, Testimony Heads to Third Day
Members of the New Jersey Division of Gaming Enforcement (DGE) are expressing concerns about Eldorado Resorts' (NASDAQ:ERI) proposed $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), causing testimony on the acquisition to drag into a third day. After winning approval for the takeover...
Leisure Acquisition Drops Gateway Casinos Deal, Rare Example of SPAC Taking Pass in Gaming Space
Leisure Acquisition Corp. (NASDQ:LACQ), a special purpose acquisition company (SPAC), is scuttling a $1.15 billion deal to merge with Gateway Casinos & Entertainment, a pact that would have taken the Canadian gaming firm public. New York-based Leisure Acquisition announced the end of...
Macau Scrapping Mainland Quarantine Policy Credit Catalyst for Operators, Says Moody’s
On Wednesday, travel between Guangdong province and Macau got a little easier with the removal of 14-day coronavirus quarantine policies. It's a move that could firm the credit ratings of the gaming hub's concessionaires, according to Moody's Investors Service. Earlier this week,...
DraftKings Inks Deal With Premier Lacrosse League Ahead of Summer Tournament
DraftKings will be the official betting partner of the Premier Lacrosse League (PLL) and the association's lone regulated gaming sponsor, announcing the deal just days before PLL's summer tournament starts. DraftKings revealed the agreement Thursday and financial terms weren't disclosed. The 16-day,...
Sportradar Reportedly Mulling Going Public, Stoking More SPAC Speculation
Sports data provider Sportradar is reportedly mulling life as a publicly traded entity, stoking talk the Swiss company could consider joining the growing list of firms using special purpose acquisition companies (SPACs) to attain that status. Sportico, a sports business journal, reported...
Louisiana Governor Says Eight Is Great for Daily Fantasy Sports Tax Rate
Louisiana Gov. John Bel Edwards (D) earlier this week signed off on a tax rate of eight percent on daily fantasy sports (DFS) contests, paving the way for DFS legitimacy in the Pelican State. House Bill 64, which sets the DFS levy...
Caesars Regional Casinos Shine in Reopening, Las Vegas Properties Not So Much
Caesars Entertainment (NASDAQ:CZR) says its regional properties continue performing well following recent reopenings, but its gaming venues in destination markets, such as Las Vegas, are struggling. The same sentiment is being articulated by Eldorado Resorts (NASDAQ:ERI), the company that's closing in on...
Mohegan Banks on Betfred for Virgin Hotels Las Vegas Sportsbook
British bookmaker Betfred will run the sportsbook inside Mohegan Sun Casino at Virgin Hotels Las Vegas when that venue opens in the fall. Mohegan Gaming & Entertainment (MGE -- the casino arm of the Connecticut Native American tribe of the same name...
Scientific Games Wants Shot at Rhode Island Lottery Scratcher Contract, IGT Balks
Scientific Games is asking Rhode Island lawmakers to open the bidding for a lucrative instant lottery ticket contract, one the gaming company says was awarded to rival International Game Technology (IGT) without a competitive bidding process. Las Vegas-based Scientific Games is a...
Wynn Resorts Could Drive Recovery in Macau Stocks, Says Analyst
Wynn Resorts (NASDAQ:WYNN) is primed to benefit as Macau's gaming sector rebounds, particularly given the increased likelihood that the recovery will be hastened by higher-end gamblers, notes an analyst. Shares of the Wynn Macau and the Wynn Palace operator are trading lower...
