5359 stories by Todd Shriber
Bally’s Placed on ‘Rating Watch Negative’ by Fitch After Intralot Deal
Bally’s announced Tuesday it’s combining its international interactive unit with Intralot at an enterprise value of $3.17 billion Fitch says Bally’s at risk of ratings downgrade if leverage remains high or if it can’t release a Rhode Island casino to GLPI Fitch...
Resorts World NYC Could Rapidly Transform to Traditional Casino
Genting says it can convert Queens venue to Las Vegas-style casino within six months It’s one of the frontrunners for one of the three downstate licenses Resorts World New York City (RWNYC) could convert to a Las Vegas-style casino hotel in just...
Brightstar Lottery Unveils $1.1 Billion in Shareholder Rewards
Company formerly known as International Game Technology is returning $1.1 billion of capital to investors Shareholder rewards program consists of $500 million buyback, special dividend The company that will soon be formerly known as International Game Technology (IGT) announced today it is...
Fanatics Joins Illinois Surcharge Parade, But at Smaller Rate Than Rivals
Fanatics announced an Illinois surcharge of 25 cents per sports bet That’s half what rivals DraftKing, FanDuel said they’ll charge Illinois customers The list of Illinois sportsbook operators levying surcharges on bets following the state’s recent tax increase is again growing with...
Bally’s Selling Gamesys for $3.17B, Notches Profit on Digital Unit
Bally’s offloading interactive gaming unit about four years after acquiring it Greek lottery giant Intralot is the buyer and is paying for the deal in cash and equity Greek gaming company Intralot announced a cash and stock acquisition of Bally’s international interactive...
Riot Games Criticized for Embrace of Sports Betting Sponsorships
Game developer’s decision to consider sports wagering sponsorships met with criticism in eSports community eSports has had past brushes with betting scandals Last week, Riot Games announced it’s opening top-tier teams in its League of Legends and Valorant and eSports competitions to...
California Could Soon Make Fantasy Sports Illegal
Attorney General expected to release decision in coming days Lawmaker believes daily fantasy sports is a game of chance, which is prohibited under California law California Attorney General Rob Bonta (D) is expected to soon release an opinion rendering all fantasy sports...
Online Betting Stocks Can Extend Momentum Says Analyst
Online betting stocks have been on torrid paces of late Analysts sees DraftKings, data providers as top picks Online betting stocks, both of the business-to-business and consumer-facing varieties, have been ripping higher of late, and at least one analyst expects that momentum...
Kalshi Valuation Reaches $2 Billion Following $185 Million Funding Round
Several investors participated in Series C funding round CEO Mansour says Kalshi is one of the fastest-growing companies in the US Prediction markets giants Kalshi announced Wednesday that it raised $185 million, pushing its valuation to $2 billion. The Series C funding...
Light & Wonder Surges After Court Limits Disclosures in Aristocrat Suit
Court ruling limits disclosures Light & Wonder must make to Aristocrat Judge says Aristocrat must identify specific trade secrets its attempting to protect Shares of Light & Wonder (NASDAQ: LNW) soared Wednesday after the company won a favorable court ruling in slot...
