4016 stories by Todd Shriber
Circa on Hook for $3.5M in Overlays for Football Contests
With Saturday’s deadline to enter the Circa Million and Circa Survivor football contests right around the corner, the operator is staring at an overlay $3.5 million. The overlay is the amount Circa Sports must shell out to ensure the prize pools for...
MGM Japan Casino Debut Pushed to 2030, Cost Surges $1.29 Billion
MGM Resorts International’s planned casino resort in Osaka is contending with delays and higher-than-expected costs due to global inflation. The Las Vegas-based casino giant is partnering on the project with Japanese financial services conglomerate Orix and in April 2022, they were awarded...
Macau Mass, Premium Mass GGR Flirting with Pre-COVID Highs
In further confirmation of Macau’s recovery, gross gaming revenue (GGR) derived from mass market bettors is approaching pre-coronavirus pandemic levels while recent data suggests revenue attributable to premium mass players is exceeding 2019 levels. As measured by $2.15 billion in GGR, August...
DraftKings Stock Flashing Possible Buy Signal
Like other gaming stocks, DraftKings (NASDAQ: DKNG) struggled in August, but shares of the sportsbook operator gained 5.29% last week. That could be a sign of better things to come. Some market observers argue the recent pullback by the high-flying gaming stock...
Jim Murren Appointed Chairman of New UAE Gaming Regulator
Former MGM Resorts International (NYSE:MGM) CEO Jim Murren has been appointed chairman of the board of the General Commercial Gaming Regulatory Authority (GCGRA) -- the United Arab Emirates’ (UAE) newly formed gaming regulatory body. Murren, who led the Mandalay Bay operator for...
Fanatics Unveils Jersey Drop Promo for New Sportsbook Clients
Fanatics Betting and Gaming, the wagering arm of sports apparel giant Fanatics, is leveraging the parent company’s merchandise lineup to attract new bettors. Today, the operator announced the Fanatics Jersey Drop promotion. New clients of Fanatics Sportsbook or PointsBet US, which is...
Gaming and Leisure Properties to Join S&P MidCap 400 Index
Gaming and Leisure Properties (NASDAQ: GLPI) earned an important index as Standard & Poor’s (S&P) announced late Friday that the stock will be promoted to the S&P MidCap 400 Index. The gaming real estate investment trust (REIT) is one of 10 stocks...
DraftKings Reignmakers Seen Boosting Profits, Revenue
DraftKings’ (NASDAQ: DKNG) Reignmakers -- a fantasy sports game rooted in nonfungible tokens (NFTs) -- is a prime example of blockchain gaming, and could be accretive to the operator’s top and bottom lines. Just over two years ago, the Boston-based sportsbook operator...
Fanatics Closes Portion of PointsBet Deal, Adds Seven States to Roster
Fanatics is moving along with its previously announced $225 million acquisition of PointsBet US, revealing on Thursday that it's landed regulatory approval to acquire the target’s operations in seven states. Those jurisdictions are Colorado, Iowa, Kansas, Maryland, New Jersey, Pennsylvania, Virginia, and...
Las Vegas Strip Can Extend Blistering Revenue Pace Says Analyst
On Wednesday, the Nevada Gaming Control Board (NGCB) noted Clark County’s gross gaming revenue (GGR) surged 7.5% year over year to a record $1.28 billion in July. The Las Vegas Strip contributed $835 million of that tally. At least one analyst expects...
