5136 stories by Todd Shriber
FDU Study Says Young Men Vulnerable to Online Betting Problems
A new study by Fairleigh Dickinson University (FDU) says the proliferation of online wagering, including sports betting, over the past several years has exacerbated worrisome patterns in certain demographics, including young men. The report by the New Jersey college indicated surveyed men...
Caesars Long-Term Bonds Look Appealing, Says Analyst
The Federal Reserve’s recent interest rate cut coupled with Caesars Entertainment’s (NASDAQ: CZR) ongoing debt reduction efforts are among the reasons the casino operator’s longer-dated bonds could be appealing to income investors. In a new report to clients, GimmeCredit analyst Kim Noland...
Opposition Group Mad About LVS Outsourcing Nassau Coliseum Obligations
A group that’s consistently opposed the idea of a casino hotel on Long Island is decrying Las Vegas Sands’ outsourcing of operational duties for events at Nassau Coliseum -- the site of the company’s proposed integrated resort. The “Say NO to the...
High Roller Technologies Cuts IPO Size by 26%
High Roller Technologies, a Las Vegas-based iGaming operator, trimmed the size of its proposed initial public offering (IPO). In an amended Form S-1 filing with the Securities and Exchange Commission (SEC) released Thursday, High Roller said it’s planning to sell 1.3 million...
Wynn Investors Receive $70M in Securities Fraud Lawsuit
Wynn Resorts (NASDAQ: WYNN) and some former executives of the gaming company agreed to pay investors $70 million for their alleged roles in covering up the sexual misdeeds of founder and former CEO Steve Wynn. The defendants will pay $9.4 million of...
Red Rock Could Be Boosted by Lower Interest Rates, Analyst Says
On Wednesday, the Federal Reserve lowered interest rates by half a percent -- the central bank’s first rate cut in four years -- sparking hope of a prolonged rally for capital-intensive casino operators, including Red Rock Resorts (NASDAQ: RRR). At least one...
OpenBet Could Sell at Steep Discount, Says Research Firm
Endeavor Group Holdings, Inc. (NYSE: EDR) is shopping its OpenBet and IMG Arena sports betting data businesses and the former could sell for a significant discount to the price the seller originally paid. Endeavor is moving on from OpenBet after announcing in...
Playtika Paying Up to $1.25B for SuperPlay
Mobile games developer Playtika (NASDAQ: PLTK) said Wednesday it’s paying $700 million to acquire rival SuperPlay, with an additional contingent consideration that could bring the purchase to $1.25 billion. The boards of both Israel-based companies have approved the deal. Playtika noted the...
Circa Unveils ‘Survivor Empathy Package’ After Havoc Hits NFL Pool
With two weeks of the NFL season in the books, the Circa Survivor pool has been pared dramatically. So much so that the gaming company is offering losers an empathy package, which includes free rooms at Circa Resort & Casino in downtown...
BetMGM, Gannett Unveil Long-Term Partnership
BetMGM said it reached a long-term agreement with USA Today publisher Gannett under which the gaming company will be the official online sportsbook operator of USA Today Sports. Financial terms of the accord weren’t disclosed. BetMGM’s data and odds will be published...
