5081 stories by Todd Shriber
Kalshi Kicked Out of Nevada by NGCB
Prediction market has until March 14 to exit Nevada Latest sign of state’s hostility to web-based wagering Prediction market operator Kalshi has been ordered by the Nevada Gaming Control Board (NGCB) to halt its activities in the state and exit by 5...
Flutter Issues Strong 2025 Guidance Backed by FanDuel Growth
Flutter forecasts sizable 2025 EBITDA, revenue growth US operations could represent close to half of 2025 sales Flutter Entertainment (NYSE: FLUT) announced impressive 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA), and revenue guidance on Tuesday -- outlooks that accompanied the...
Genius Sports Rallies on Upped 2025 Revenue Guidance
Data provider unveils 2025 guidance Revenue outlook of $620 million easily beats Wall Street consensus On another rough day for domestic equities, Genius Sports (NYSE: GENI) stood out as shares of the sports betting data provider surged on the back of strong...
Wynn NYC Casino Could Threaten Small Businesses, Say Owners
Business owners worry about impact of casino in Hudson Yards Related Cos. and Wynn want license for Chelsea-area casino hotel Small business owners in New York City’s Hudson Yards area, which includes the tony Chelsea neighborhood, are fearful that a proposed casino...
Panda Interactive Sues Genius, Sportradar, Alleges Coercive Behavior
Company adds antitrust claims to patent infringement suit Panda claims rivals purposefully limit customer choice SportsCastr Inc., the sports betting data provider that does business as Panda Interactive, today announced that it amended a 2023 patent infringement suit against rivals Genius Sports...
DraftKings Reaches $10 Million Settlement in NFT Lawsuit
DraftKings settles 2023 class-action suit for $10 million Suit claimed non-fungible tokens (NFTs) were securities DraftKings (NASDAQ: DKNG) agreed to settle a 2023 class-action lawsuit brought by buyers of non-fungible tokens (NFTs) on the gaming company’s now defunct DraftKings Marketplace. Reached last...
Entain Upheaval Could Prompt Fresh MGM Bid
MGM could consider new bid for Entain following CEO exit US casino operator tried to acquire BetMGM partner four years ago Following the recent departures of three high-level executives, including now former CEO Gavin Isaacs, Entain Plc (OTC: GMVHY) could draw a...
Bally’s Chicago IPO Hits SEC Roadblock
Minority-only IPO didn’t close as expected Casino operator plans to try again even as legal challenges linger Bally’s (NYSE: BALY.T) planned $250 million Chicago initial public offering (IPO), reserved exclusively for minority investors, didn't close as expected in February after the Securities...
Penn Entertainment Warns 2026 Could Bring End of ESPN Bet
ESPN Bet could be on borrowed time There’s a three-year out clause in contract between Penn and Disney Penn Entertainment’s (NASDAQ: PENN) ESPN Bet unit could be on the chopping block next year if the online sportsbook doesn’t garner more momentum between...
FTC Close to Dropping MGM Cyberattack Investigation
FTC no longer pursuing civil investigative demand Could mark end of case brought against MGM in January 2024 The Federal Trade Commission could be close to dropping its case against MGM Resorts International, which stems from a 2023 cyber intrusion carried out...
