3978 stories by Todd Shriber
Bally’s Committee Reportedly Holding Talks with Standard General
A special committee of Bally’s (NYSE: BALY) independent directors formed to consider Standard General’s takeover offer is reportedly in discussions with the hedge fund that’s the largest shareholder in the regional casino operator. Bally’s stock surged on Tuesday following a report by...
Apollo, CVC Among PE Firms with Reported Interest in Entain Brands
The American depositary receipts (ADRs) of Entain (OTC: GMVHF) surged 9% Monday amid reports that private equity firms could be eying runs at some of the gaming company’s brands. An article in the British newspaper The Times indicated Apollo Global Management (NYSE:...
Resorts World New York Promises $1B in Taxes if it Wins Casino Permit
Genting Malaysia Bhd, which runs Resorts World New York, said the venue could deliver $1 billion or more in annual taxes to the state if it’s granted a permit to convert the property to a Las Vegas-style casino hotel. The Malaysian conglomerate...
Disney CEO Iger Sees Betting Coming to ESPN App
Walt Disney (NYSE: DIS) Bob Iger sees plans for revamped ESPN app including access to sports wagering. He made the comments in a recent interview with CNBC’s David Faber. Iger didn’t directly mention ESPN Bet – the network’s sports wagering partnership with...
Century Casinos Opens Missouri Hotel, Says Other Project in State Is On Budget
Century Casinos (NASDAQ: CNTY) said Friday that it opened the Riverview Hotel at its eponymous gaming venue in Cape Girardeau, Mo. The company said in 2021 it was considering the addition of a hotel to its Cape Girardeau casino. The addition of...
Las Vegas Sands Lands $1.5B Credit Revolver, MBS Expansion to Start in July 2025
Las Vegas Sands (NYSE: LVS) announced it landed a new $1.5 billion credit revolver and that will start construction on its $3.3 billion expansion of Marina Bay Sands in Singapore in July 2025. The announcement regarding the credit facility arrived after Moody’s...
Cohen Poll Shows Strong Support for Queens Casino
A new poll conducted on behalf of New York Mets owner Steve Cohen and Queens Future indicated there’s strong support in Senate District 13 for the $8 billion Metropolitan Park proposal, which includes a casino resort. Not only is that the New...
Chicago Mayor Johnson Supports Bally’s Amid Brewing Controversies
Chicago Mayor Brandon Johnson (D) is supporting Bally’s (NYSE: BALY) even as the regional casino operator contends with headwinds that could jeopardize its $1.1 billion integrated resort project in the third-largest US city. In a statement to Crain’s Chicago Business, Johnson’s office...
FanDuel Acquisition Could Be Needed for Nevada Entry
Despite increased competition from other states, Nevada remains one of the US meccas of sports wagering, but two of the industry’s largest operators -- DraftKings (NASDAQ: DKNG) and FanDuel -- still don’t offer their services in the state. When that will change...
DraftKings, MGM, Hard Rock Mull Entering Brazil’s Online Betting Market
Last year, Brazil established regulatory guidelines for its online wagering market -- a move that’s expected to lure some of the industry’s biggest players to Latin America’s largest economies. It’s rumored that US-based betting behemoths DraftKings (NASDAQ: DKNG), MGM Resorts International (NYSE:...
