5402 stories by Todd Shriber
DraftKings Raises 2025 Guidance as Q4 Earnings Top Estimates
A positive EBITA outlook saw DraftKings shares surge in after-hours trading on Thursday The increase came after the company increased its topline growth forecast for 2025 DraftKings offers mobile sports wagering in 25 states and Washington, DC Shares of DraftKings (NASDAQ: DKNG)...
Sportradar Stock Has More Upside Ahead Says Analyst
Sportradar stock is soaring and some on Wall Street are constructive on the name Contract visibility and a strong balance sheet are among the catalysts Shares of Sportradar (NASDAQ: SRAD) are on a torrid pace, surging nearly 15% over the past month...
Red Rock Sees $120M Durango Expansion Completed by Early 2026
The expansion at Durango Casino & Resort is expected to be finished by January 2026 Durango’s cannibalization of other Red Rock properties is in line with estimates The property’s margins are robust and expanding Red Rock Resorts (NASDAQ: RRR) said its $120...
Reality Bets: More Gen X Bettors Get Into Sports Wagering
Gen X is getting more involved in sports betting. Data indicate millennials’ share of the market decreased in the fourth quarter. Sportsbook operators often gear marketing and promotional efforts to younger demographics. Namely millennials and Gen Z, but data indicate it’s older...
FanDuel Took 16.6M Super Bowl Bets, 19% Increase from 2024
FanDuel clients placed 16.6 million bets on the Super Bowl. The unit of Flutter Entertainment is the biggest internet sportsbook in the US. Flutter Entertainment’s (NYSE: FLUT) FanDuel processed 16.6 million bets on Super Bowl LIX, marking a 19% year-over-year increase. FanDuel,...
Genting, MGM Seen as Leaders for New York Casino Licenses
Empire City, Resorts World viewed as leaders in New York City casino competition. Sands bid strong, but water usage could be red flag. Times Square casino proposal also seen as viable. Gaming venues operated by Genting and MGM Resorts International are considered...
Eagles Win Leads to Weak Super Bowl Hold for Sportsbooks
The Philadelphia Eagles victory over the Kansas City Chiefs in Super Bowl LIX led to decreased hold for sportsbooks The game still likely provided long-term benefits for sportsbooks The Philadelphia Eagles trounced the Kansas City Chiefs in Super Bowl LIX, making a...
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...
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....
