5402 stories by Todd Shriber
DraftKings, Flutter Credit Ratings Safe Despite Tax Hikes
Higher sports betting taxes unlikely to harm DraftKings, Flutter credit profiles Operators’ ratings reflect sector momentum, says Fitch The corporate credit profiles of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG) are unlikely to suffer at the hands of recent state-level tax...
Two Vora Nominees Joining Penn Board, Clifford Garners Majority Support
HG Vora nominees Hartnett, Ruisanchez joining Penn Entertainment board Clifford receives majority support as well His fate could be determined in court At Penn Entertainment’s (NASDAQ: PENN) annual meeting today, the regional casino operator formally accepted two HG Vora candidates to its...
BetMGM Ups 2025 Guidance, Sees EBITDA of $100 Million on $2.6 Billion in Sales
BetMGM guidance now well ahead of forecasts announced earlier this year Sees momentum across both iGaming and sports betting Operator says first-quarter strength carried over into current quarter Supported by strength in its iGaming and sports wagering operations, BetMGM lifted its 2025...
GAMBLER Act Would Direct Sports Betting Tax to ICE
Ohio Republican proposes directing federal sports betting tax funds to ICE Bill was introduced Friday, following several days of protests in major cities against the immigration enforcement agency Rep. Mike Rulli (R-OH) on Friday introduced the Giving Alien Migrants Back through Lawful...
LVS Top Gaming Name on Forbes 2000 List, Flutter Lone OSB Stock
Las Vegas Sands ranked largest gaming company in the world by Forbes Flutter is lone dedicated iGaming/sports betting stock making the cut Las Vegas Sands (NYSE: LVS) is the top-ranked gaming company in the latest edition of the Forbes Global 2000 rankings....
BetMGM, Caesars Won’t Follow Rivals with Illinois Surcharge, Says Analyst
FanDuel, then DraftKings announced transaction fees in the state BetMGM, Caesars probably won’t follow suit, says analyst This week, FanDuel and then DraftKings (NASDAQ: DKNG) announced levies of 50 cents per wager in Illinois in response to the state’s latest online sports...
DraftKings Follows FanDuel, Implements Illinois Surcharge
DraftKings to implement per bet levy of 50 cents in Illinois Rival FanDuel announced the same fee in the state earlier this week Expressing disappointment that Illinois has tripled its tax rate over the past two years, DraftKings (NASDAQ: DKNG) said Thursday...
Fertitta Displeased with Wynn Executives, Share Price
Lawyer makes comments at NGCB meeting First time anyone connected to the investor has been openly critical of Wynn Attorney says Fertitta will remain passive investor A lawyer for Tilman Fertitta’s eponymous gaming and leisure company told Nevada regulators Wednesday that his...
DraftKings Emerging as Live Betting Leader, Says Jefferies
In-game wagering increasingly popular among US bettors Trend could benefit DraftKings, Sportradar Female bettors embracing live wagers, too In-game, or live wagering is taking off in the US and that trend has investment implications DraftKings (NASDAQ: DKNG) and Sportradar (NASDAQ: SRAD) potentially...
Genius Sports Adds Digital Advertising to NFL Partnership
New deal runs through 2029 Expanded partnership includes advertising on BetVision as well as NFL-owned digital platforms Shares of Genius Sports (NYSE: GENI) gained 3% Wednesday after the sports betting data provided announced an expanded, extended agreement with the NFL. Genius paid...
