5174 stories by Todd Shriber
iGaming, Sports Betting Markets Seen Swelling to $26.8B in 2025
The domestic iGaming and online sports betting markets could notch combined gross revenue of $26.8 billion this year on their way to topping $41 billion by 2028, according to Vixio Regulatory Intelligence. Vixio notes the US internet sports wagering segment could post...
Standard General Wraps Up $4.6 Billion Bally’s Acquisition
Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share for the gaming company last March before...
Wynn Lands $2.4 Billion in Financing for UAE Casino Resort
Wynn Resorts (NASDAQ: WYNN) announced Thursday that it procured a $2.4 billion construction loan for its planned casino resort in the United Arab Emirates (UAE), meaning financing for the project is completed. The loan, which is denominated in both dollars and dirham,...
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...
