4794 stories by Todd Shriber
Icahn Reveals Caesars Stake Is 2.44 Million Shares
Shares of Caesars Entertainment (NASDAQ: CZR) rallied Thursday after Carl Icahn’s Icahn Enterprises (NASDAQ: IEP) revealed its recently initiated stake in the casino operator is 2.44 million shares. To be precise, Icahn owns 2,440,109 shares of the gaming stock, according to a...
DraftKings Surcharge Gambit Was ‘Head Fake,’ Says Analyst
Shares of DraftKings (NASDAQ: DKNG) closed higher by almost 2% Wednesday on volume that was more than double the daily average after the company reversed course on a previously announced plan to tax winning sports bets in four high-tax states. In a...
Flutter Mulls Acquisition of Playtech’s Snaitech Unit
Flutter Entertainment (NYSE: FLUT) is reportedly in talks to acquire Playtech’s (LSE: PTEC) Snaitech business, news that sent shares of the target’s parent soaring in London trading. Media reports indicated FanDuel could pay as much as $2.56 billion for Snaitech, which represents...
FanDuel Deals Blow to DraftKings, Says No to Surcharge
***UPDATE: Soon after Flutter said it will not proceed with a surcharge, DraftKings announced it is reversing course and will not tax winning sports bets in Illinois, New York, Pennsylvania, and Vermont. DraftKings said the move was made in response to listening...
Intralot Could Face Washington, DC Investigation
Intralot, the Greek gaming company that previously ran the mobile sports betting application in Washington, DC, could face an investigation in the city regarding its management of the app. DC Attorney General Brian Schwalb has requested documents from Intralot pertaining to its...
Times Square Casino Plan Wins Support of 17 Labor Unions
A plan to bring a casino hotel to Times Square has the support of 17 New York-area labor unions. In a letter to Manhattan Borough President Mark Levine, State Assemblymember Tony Simone, and City Councilmember Erik Bottcher, whose areas of representation include...
Telehealth Effective in Treating Problem Betting, Says Kindbridge
Telehealth is proving effective in treating compulsive wagering, particularly for bettors who typically wager online, according to Kindbridge Behavioral Health. In its new “Gambling Disorder Treatment Outcomes” report, the Tennessee-based provider of mental health services noted that clients faced symptoms such as...
Macau Casino Stocks Languish on New Money Transfer Rules
Macau casino stocks extended a now lengthy slump Monday on news that the Special Administrative Region (SAR) is attempting to criminalize unlicensed money transfers when the intent of the exchanged cash is for wagering purposes. China, of which Macau is a territory,...
Bill to Expedite NYC Casino Licenses on Life Support
Legislation to speed up bidding for three New York City-area casino licenses faces a bleak near-term outlook. The objective of the bill was to open the window for proposals by the end of this month, but that appears unlikely because there’s less...
Red Rock Tavern Biz Approved, Nears Tussle with Golden Entertainment
Earlier this week, the Nevada Gaming Control Board (NGCB) recommended for approval a plan by Red Rock Resorts to enter the gaming bar space in the Las Vegas Valley. That sets the stage for the casino operator to enter into even more...
