3969 stories by Todd Shriber
Caesars, MGM Hacks Spur Uptick in Cybersecurity Interest by Casino Operators
After seeing two of their rivals, Caesars Entertainment and MGM Resorts International, victimized in ransomware attacks, more casino operators are looking to shore up their cybersecurity platforms. Those events, one of which compelled Caesars to pay the bad actors and the ongoing...
MGM Had ‘F’ Grade for Cyber Vulnerability Prior to Hack
Prior to the recent ransomware attack that continues disrupting MGM Resorts International’s domestic gaming operations, the casino giant received an “F” grade from a cybersecurity analytics company regarding its speed in addressing cyber vulnerabilities. In its most recent batch of cybersecurity ratings,...
UAE Gaming Regulations Could Emerge This Year, Says JPMorgan
The recently announced formation of the General Commercial Gaming Regulatory Authority (GCGRA), the United Arab Emirates (UAE) first casino gaming regulator, could pave the way for gaming regulations to be introduced in the country before the end of 2023. That’s the take...
Sibella Scandal Could Plague MGM New York Casino Effort
Scott Sibella’s recent firing by Resorts World Las Vegas could have implications for MGM Resorts International’s -- his former employer -- efforts to land a New York City casino license. Last week, Genting-operated Resorts World Las Vegas let Sibella go for alleged...
DraftKings Files Trademark for Fantasy Game to Challenge PrizePicks, Underdog Fanasy
DraftKings (NASDAQ: DKNG) has filed a trademark application for a new fantasy sports game that appears to be a competitor to the offerings of rivals Prize Picks and Underdog Sports. A recent filing with the US Patent and Trademark Office (USPTO) indicates...
Bally’s Looks for Bronx, N.Y. Goodwill with Ferry Point Shuttle
Bally’s is attempting to foster some goodwill in the New York City borough of the Bronx by starting a free shuttle bus service to the soon-to-be former Trump Golf Links at Ferry Point. That’s the golf course currently owned by the Trump...
Macau Casino Operators Can Pare Debt to Pre-Pandemic Levels by 2027
Macau casino operators took on massive amounts of fresh debt to stay afloat during the coronavirus pandemic. But Morgan Stanley believes the six concessionaires will make progress on reducing those burdens over the next several years. The bank expects the gaming companies...
Fanatics Sports Betting App Off to Solid Start, Says Research Firm
Fanatics’ newly launched mobile sports wagering application is off to a strong start, at least in terms of number of downloads through the first week of the 2023 NFL season. The operator launched the Fanatics Sportsbook app in Maryland, Massachusetts, Ohio, and...
Playtika Paying up to $300M to Acquire Innplay Labs
Mobile games developer Playtika (NASDAQ: PLTK) announced today it is acquiring mobile gaming studio Innplay Labs for as much as $300 million. The deal includes an upfront payment of $80 million, with the potential that the ultimate price paid for the target...
Penn Entertainment Has Short-Term Upside, Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) rallied Thursday after a sell-side analyst said the long downtrodden gaming stock has near-term upside potential. The regional casino equity gained 8.72% today on volume, which was more than 60% above the daily average, trimming its...
