5402 stories by Todd Shriber
Long Island Casino Costs Swell to $7.6 Billion
Nearly double previously estimated $4 billion No news yet on Las Vegas Sands replacement If a casino hotel is built on the property currently occupied by Nassau Coliseum in Uniondale, NY, it could cost as much as $7.6 billion, far more than...
Circa Promises $21M in NFL Contest Payouts, Unveils $100K Per Entry Survivor
Circa Sports promises record $21 million for two NFL contests Launches $100,000 per entry survivor game Circa Sports is going big with the 2025 iterations of its famed NFL contests while unveiling an elite survivor game for well-heeled bettors. The new Circa...
Flutter Prices $2.2 Billion in Debt
FanDuel parent will use proceeds to repay funds used for the acquisition of Snaitech, among other purposes Issue denominated in dollars, euros, and pounds Rated ‘BBB’ by Fitch Flutter Entertainment (NYSE: FLUT) priced more than $2.2 billion in debt, which will be...
ESPN Chairman Pitaro Bullish on Relationship with Penn
Comments come as ESPN Bet faces investor scrutiny Says ESPN feels positive about relationship with Penn ESPN Chairman Jimmy Pitaro is constructive on the network’s relationship with Penn Entertainment (NASDAQ: PENN), but acknowledges the ESPN Bet platform needs to gain more market...
IAC Still Loves MGM, But Mulled Other Gaming Deals
Diller’s company owns 23% of MGM shares IAC has mulled other gaming investments, says analyst Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) continues viewing its 23% stake in MGM Resorts International (NYSE: MGM) as a “forever asset,” but the conglomerate has mulled other gaming...
Vora Says Penn Destroyed $11 Billion in Value with Sour OSB Deals
Vora says Penn fumbled online gaming opportunity by focusing on sports betting Vora estimates Penn destroyed $11 billion in shareholder value with bad sports wagering transactions Calls Penn a sports betting “laggard” In its latest salvo aimed at Penn Entertainment (NASDAQ: PENN),...
Cohen’s $8 Billion Queens Casino Plan Gets Nod from Senate Leader
Momentum building for Metropolitan Park plan News arrived a day after Wynn bowed out of NYC casino competition While other contenders are dropping out of the New York City casino fray, an $8 billion proposal to bring a gaming venue to Queens...
Penn Interactive Revenue Could Double by 2029, Says Analyst
Analyst includes some positive remarks on ESPN Bet Says Penn’s interactive sales could double by 2029 Among the most bullish comments to date on Penn’s digital unit Penn Entertainment’s (NASDAQ: PENN) interactive segment, which includes the flailing ESPN Bet online sportsbook, has...
MGM, Wynn Held Talks with Officials on Thailand Casinos
Deputy Finance Minister Amornvivat confirms talks with US casino giants Says discussions with two other gaming companies are on deck Reading of gaming bill in parliament scheduled for July 9 A high-ranking Thai official confirmed recent discussions with MGM Resorts International and...
Vora Says Penn Plan to Refresh Board Lacks Accountability
Hedge fund calls plan to possibly add a director after annual meeting “an assault” on investor rights Claims Penn is manipulating board electoral process HG Vora, the activist investor that’s waging a proxy fight against Penn Entertainment (NASDAQ: PENN), called the possibility...
