5134 stories by Todd Shriber
Marriott, MGM to Rebrand Delano Las Vegas as W Hotel
Marriott International and MGM Resorts International announced Monday that they’re teaming up to convert the Delano Las Vegas to the hotelier’s W brand. The transition of that property is expected to occur later this year and marks an extension of the previously...
Fanatics Making Progress in New York Sports Betting Market
Fanatics, which is one of the newest players on the US sports betting stage, is making strides in New York -- the country’s largest market by handle. Privately held Fanatics acquired PointsBet US in 2023 in a $225 million all-cash deal, providing...
NBA, Sportsbook Partners Scrap Under Prop Bets on Low-Salary Players
Ahead of the start of the 2024-25 season next week, the NBA and its sportsbook partners agreed to stop offering under player proposition wagers on the association’s lowest paid players. The move comes in the wake of the Jontay Porter scandal. Earlier...
FanDuel to Rebrand Bally’s Sports Networks in Matter of Days
It’s official. Diamond Sports Group’s regional sports networks (RSNs) currently bearing the Bally’s Sports name will transition to FanDuel branding on Oct. 21. The announcement from Diamond and FanDuel parent Flutter Entertainment (NYSE: FLUT) arrived a day after reports surfaced that the...
Golden Entertainment Could Mull Sale-Leaseback on Unidentified Casino
Golden Entertainment (NASDAQ: GDEN) could consider selling and leasing back one of its casinos as an avenue for raising cash. Deutsche Bank analyst Carlo Santarelli put forth that theory in a new report to clients, noting there’s “rising probability” that Golden engages...
Diamond Sports Pushing for Fast FanDuel Rebrand on RSNs
Diamond Sports Group, the bankrupt operator of regional sports networks (RSNs) currently bearing the Bally’s Sports name, is asking a court to allow it to rebrand to FanDuel as soon as possible. In a Tuesday filing with the US Bankruptcy Court, Southern...
Sands Cash Flow Could Support Dividend, Says Moody’s
Las Vegas Sands’ (NYSE: LVS) rising free cash flow could support the casino giant’s ability to maintain and raise its quarterly dividend and repurchase shares. In a new report, Moody’s Investors Service said the Venetian Macau operator’s retained cash flow to net...
American Bettors’ Voice Appoints Harry Crane to Board
American Bettors’ Voice (ABV), a wagering advocacy group formed earlier this year, announced Wednesday that Rutgers University professor Dr. Harry Crane joined its advisory board. A graduate of the University of Pennsylvania and the University of Chicago, Crane is well-known in sports...
Caesars Among Most Shorted S&P 500 Stocks
Caesars Entertainment (NASDAQ: CZR) was one of the most heavily shorted stocks in the S&P 500 in September, according to new data. At the end of last month, short interest in Caesars as a percentage of the stock’s total float was 7.04%...
Miriam Adelson Contributes $95 Million to Trump PAC
During the third quarter, Dr. Miriam Adelson donated $95 million to a super political action committee (PAC) focusing on former President Donald Trump’s 2024 bid. A Tuesday filing with the Federal Election Commission (FEC) indicates Adelson, the widow of Las Vegas Sands...
