5402 stories by Todd Shriber
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...
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%...
Flutter CEO Says States Need to Be Careful About Sports Betting Taxes
Flutter Entertainment (NYSE: FLUT) CEO Peter Jackson says states need to be measured in how they apply and potentially raise online sports betting taxes because pushing those levies too high could drive bettors to unregulated offshore markets. In an interview with The...
Sphere Stock Rallies on Plans for Abu Dhabi Venue
Shares of Sphere Entertainment (NYSE: SPHR) rallied late Monday after the company confirmed its second venue will be located in Abu Dhabi, United Arab Emirates (UAE). The stock closed higher by 3.39% on volume that was roughly quadruple the daily average after...
Genius Sports to Provide Next Gen Stats for Rams Home Games
Genius Sports (NYSE: GENI) announced today it reached an agreement with the Los Angeles Rams under which it will provide highlights supported by Next Gen Stats (NGS) during the team’s home games at SoFi Stadium. The highlights will be shown on SoFi’s...
Caesars New Orleans Could Feel Taylor Swift Effect
Caesars Entertainment’s (NASDAQ: CZR) fourth-quarter financial results could derive benefit with some help from pop star Taylor Swift. In a recent report to clients, JPMorgan analyst Joseph Greff noted the casino operator’s eponymous New Orleans property could be boosted by three dates...
Circa Sports Could Add California to Expansion List
Circa Sports is taking its usual pragmatic, thoughtful approach to expanding into new states, but a surprise jurisdiction is on the company’s radar: California. In an interview with The Las Vegas Review-Journal, Circa co-founder and CEO Derek Stevens said if the Nevada...
Macau Casino Stocks Could Be Boosted by More China Stimulus
Late last month, Macau casino stocks surged after the People’s Bank of China (PBOC) cut interest rates and Beijing announced a new round of stimulus measures targeting select segments of the Chinese population. Earlier this week, those same gaming equities, along with...
NY Gov. Hochul Says She’s Not Helping Steve Cohen’s Queens Casino Bid
A day after a report surfaced that her 2025 budget might include a provision that could potentially help select bidders for downstate casino licenses, including Steve Cohen and Hard Rock International, New York Gov. Kathy Hochul (D) said her budget won’t include...
