5136 stories by Todd Shriber
Sands Long Island Casino Plan Draws ‘Environmental Racism’ Critique
Las Vegas Sands’ plan to develop Nassau Coliseum into a casino hotel is drawing rebuke from groups and some local residents that believe the project would be damaging to the environment. This week, detractors and supporters of the Long Island casino plan...
Interactive Brokers to Debut Election Betting as Kalshi Scores Legal Win
Interactive Brokers said today it will launch wagering on US election outcomes on Monday, Sept. 16 after a federal court ruled in favor of Kalshi, a prediction market operator that sought to offer event contracts on US elections. District Court Judge Jia...
Fox Proceeding with Plans to Take FanDuel Stake at $2.2B Discount
Fox Corp. (NASDAQ: FOX) could be preparing to take an 18.6% stake in Flutter Entertainment’s (NYSE: FLUT) FanDuel, and the media giant could do so at a significant discount to the sportsbook operator’s market value. At the Goldman Sachs Communacopia and Technology...
DraftKings CEO Jason Robins Seeks Alternative for Fighting High Taxes
After quickly abandoning a plan to tax winning bets in states with high sports betting taxes, DraftKings (NASDAQ: DKNG) CEO Jason Robins says the company is seeking workarounds in jurisdictions with burdensome tax structures. At the Bank of America’s Gaming and Lodging...
Wynn Rumors, Including Steve, Hover Around Celtics Sale
The defending NBA champion Boston Celtics are for sale and purported bidders could include Wynn Resorts (NASDAQ: WYNN) and Steve Wynn, the founder of the gaming company. On a recent edition of “The Greg Hill Show,” Boston sports talk radio host Courtney...
Caesars Takes Control of Washington, DC Sports Betting Kiosks
Caesars Entertainment announced that its Caesars Sportsbook unit is taking over the operation of 53 sports wagering kiosks in Washington, DC previously controlled by GambetDC. GambetDC was previously the lone mobile sports wagering application in the US capital city. However, due to...
Thai Government Eyes Bangkok for Three Casinos
The newly installed Thai government would like to see as many as seven casino hotels developed to start the country’s regulated gaming industry, with up to three of those venues located in the capital city of Bangkok. Recent media reports suggest that...
Wynn Selling $800M in Debt to Pay DOJ Fine, Redeem 2025 Bonds
Wynn Resorts (NASDAQ: WYNN) announced Tuesday that it sold $800 million worth of corporate debt in a private offering to redeem bonds maturing in 2025 and to pay a fine of $130.13 million recently levied by the Department of Justice (DOJ). The...
Las Vegas Sands to Modestly Increase Sands China Stake
Las Vegas Sands (NYSE: LVS) could spend as much as $103 million to slightly increase its stake in Sands China to close to 72%. The announcement was made in a regulatory filing with the Hong Kong Stock Exchange (HKSE). An entity known...
Penn CEO Jay Snowden Buys $1M Worth of Company Stock
Shares of Penn Entertainment (NASDAQ: PENN) are down almost 20% over the past year, but CEO Jay Snowden is bullish on his employer’s stock. A recent filing with the Securities and Exchange Commission (SEC) indicates that on September 3, Snowden bought 54,200...
