5081 stories by Todd Shriber
Post-Super Bowl, Sportsbooks Can Ignore Most Bettors
In advance of the Super Bowl, sportsbook operators often ramp-up marketing activity with some shelling out big money to run advertisements during the game. Data indicate gaming companies can cool it after the big game because some bettors simply aren’t worth chasing....
Caitlin Clark, Angel Reese Stoke WNBA Betting Boom
In their rookie campaigns, Caitlin Clark and Angel Reese brought more attention to the WNBA, including sparking a significant uptick in betting volume on the league. A new study by the Journal of Gambling Business and Economics confirms the star power possessed...
Fox Says FanDuel, Flutter Stakes Worth More Than $7.5 Billion
Media giant Fox Corporation (NASDAQ: FOX) estimated the combined value of its Flutter Entertainment (NYSE: FLUT) and FanDuel stakes at nearly $8 billion. On a Tuesday conference call with analysts to discuss the company’s fiscal second-quarter results, CEO Lachlan Murdoch said Fox’s...
Dallas Mavericks Aren’t Moving to Las Vegas, Say Adelson, Dumont
The Dallas Mavericks are staying in North Texas with ownership making it clear it doesn’t plan to move the NBA franchise to Las Vegas. Last Saturday, the team traded superstar Luka Doncic to the Los Angeles Lakers, stoking renewed speculation that owners...
Blackstone May Be Mulling Star Entertainment Buy — With a Catch
Private equity behemoth Blackstone (NYSE: BX) is reportedly considering a run at ailing Star Entertainment, but the US investor could wait until the Australian casino operator is put into administration. The mention of Blackstone, which has a long track record in the...
Super Bowl to Generate $1.7 Billion in Legal Bets, Says Macquarie
The Super Bowl will drive $1.7 billion in legally placed bets this year with DraftKings (NASDAQ: DKNG) named the gaming stock with the most downside or upside leverage to the big game. That's according to a new report by Macquarie analyst Chad...
Robinhood Nixes Super Bowl Bets, Complies with CFTC Request
A day after saying it would offer event contracts on the Super Bowl, Robinhood (NASDAQ: HOOD) said it’s canceling that plan for the time being in order to comply with a request from the Commodities Futures Trading Commission (CFTC). The brokerage firm...
Sports Bettors Eye Income, but Some Take on Debt to Fund Wagers
A scant percentage of sports bettors are consistently profitable and a smaller number are proficient enough to make a living wagering on sports, but those long odds aren’t preventing some bettors from giving it a try. Data from NerdWallet indicate nearly two-thirds...
BetMGM Forecasts 2025 Profitability, Sees Future EBITDA of $500M
BetMGM said Tuesday it expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to be positive this year as it looks toward reaching $500 million in EBITDA in the years ahead. The 50/50 joint venture of MGM Resorts International (NYSE: MGM) and...
Las Vegas Casino Operator Earnings Unlikely to Thrill
Fourth-quarter earnings season is in full swing and when Las Vegas casino operators start reporting this month, investors shouldn’t expect much in the way of big upside surprises. In a note to clients today, Macquarie analyst Chad Beynon said that over the...
