5247 stories by Todd Shriber
Sportradar Paying Nothing to Acquire IMG Arena Betting Assets
Deal bolsters data provider's basketball, soccer, tennis exposure Buyer says acquisition will lift earnings, revenue Sportradar (NASDAQ: SRAD) said Wednesday it's acquiring IMG Arena and its sports wagering assets from Endeavor Group Holdings at essentially no cost to the buyer. Under the...
Robinhood Teams Up with Kalshi on March Madness Contracts
Brokerage firm looking to capitalize on an event popular with bettors Latest sign of previously announced partnership with Kalshi Robinhood Markets (NASDAQ: HOOD) announced that it is partnering with prediction markets behemoth Kalshi to bring NCAA Tournament event contracts to clients. The...
Sands Texas Casino Hopes Helped by Irving Zoning Vote
Irving Zoning Commission approves needed zoning change Sands bought land nearly two years ago Las Vegas Sands’ still long odds of bringing a casino hotel to the Dallas-Fort Worth Metroplex may have shortened a bit with the help of the Irving Zoning...
Casino Cash Trac Lands Investment From Serent Capital
Casino Cash Trac lands private equity investment Company makes business-to-business software used by gaming industry Casino Cash Trac, a maker of business-to-business (B2B) software for casino operators, said today it procured a minority investment from private equity firm Serent Capital. The amount...
Caesars Adds Two Directors with Ichan Ties
Caesars adds two directors from Icahn Enterprises Financier took new stake in gaming company almost a year ago Caesars Entertainment (NASDAQ: CZR) announced today it added two members to its board of directors, both of whom hail from Carl Icahn’s Icahn Enterprises....
Penn Value Outcomes Include Killing ESPN Bet, Selling theScore, Says Analyst
More talk of ESPN Bet’s potential death theScore could also be sold With the stock down 13% year to date, Penn Entertainment (NASDAQ: PENN) badly needs a jolt and avenues for restoring investor confidence. Those could come in the form of divestments...
Bally’s Wants Bronx Residents to Enjoy Economic Spoils of Casino
Casino operator offering stakes in planned gaming venue to locals Model is similar to what the company is attempting in Chicago Bally’s (NYSE: BALY.T) wants Bronx residents to economically participate in its proposed casino hotel in the New York borough. Assuming the...
Majority of Adults Oppose Betting on College Sports
Respondents approve of betting on pro sports, but not college athletics in their states Majority consider filling out a March Madness bracket as form of betting While a majority of American adults favor laws allowing wagering on professional sports, a comparable percentage...
MGM Taking Airline Approach to Boosting Earnings
Moves follows increased parking prices and resort fees Higher ATM fees, recycling furniture among initiatives In a bid to boost earnings and cut costs, MGM Resorts International (NYSE: MGM)is taking a page from the airline industry’s playbook, embracing higher fees and cost-cutting...
Penn Entertainment Stock Could Be Durable in Mild Recession
Penn Entertainment stock has been a laggard Thesis belies conventional view of gaming stocks in recessions In what may come as a surprise to some investors, Penn Entertainment (NASDAQ: PENN) could be among the more durable stocks should a mild recession come...
