5359 stories by Todd Shriber
Ex-NYC Council Speaker Quinn Backs Wynn Casino Plan
Christine Quinn, formerly speaker of the New York City Council, threw her support behind a plan by Related Cos. and Wynn Resorts to bring a casino hotel to the West Side of Manhattan. Quinn, now the chief executive officer of Women in...
Genius Sports Has Upside Levers, Says Analyst
Somewhat quietly, Genius Sports (NYSE: GENI) is one of this year’s best-performing sports wagering stocks as highlighted by a year-to-date gain of 23.30%. That includes a 12.72% rally over the past month. Some analysts believe the sports betting data provider has more...
Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue
Dallas Cowboys owner Jerry Jones has long supported bringing regulated sports betting to Texas and he recently reiterated that view, noting that the state is missing out on substantial tax revenue by failing to legalize that mobile sports wagering. In a media...
Las Vegas Casinos Could Be Pinched by Consumer Lethargy, Analyst Says
It was just one month, but Nevada’s gross gaming revenue (GGR) report for July was bad. That could signal consumers are pulling back on gaming-related spending. In the seventh month of the year, Nevada casinos and gaming bars won $1.3 billion, a...
Deutsche Bank Running $4.3B Funding Deal for Apollo Everi/IGT Buy
German banking giant Deutsche Bank AG is said to be running a $4.325 billion bond/loan deal that will, in part, help finance Apollo Global Management’s (NYSE: APO) recently announced acquisition of Everi (NYSE: EVRI) and International Game Technology’s (NYSE: IGT) global gaming...
Wynn, Related Cos. Release Details on NYC Casino Project
Wynn Resorts and real estate developer Related Cos. unveiled details about their proposed $12 billion development of Hudson Yards West in Manhattan, which includes a casino hotel, noting a 5.6-acre public park will be a “centerpiece” of the project and that, if...
DraftKings Buying Microbet Provider Simplebet
DraftKings (NASDAQ: DKNG) said it will acquire Simplebet Inc., a provider of microbetting services, to bolster its suite of in-game betting products. Financial terms of the transaction weren't disclosed. When rumors of the deal surfaced in May, it was speculated that DraftKings...
DraftKings Insiders Liberman, Robins Dump More Than $10M in Stock
Stock sales by high-ranking DraftKings executives (NASDAQ: DKNG) continue at a brisk pace with co-founders Paul Liberman and Jason Robins disposing of more than $10 million worth of the gaming company’s shares in less than a week. In a Form 144 filing...
Bally’s Starts Demolition at Site of Permanent Chicago Casino
Demolition at the Freedom Center in the River West area of Chicago, home of Bally’s permanent casino hotel, started earlier on Tuesday. The regional casino operator completed a $200 million sale-leaseback deal on the home of the Chicago Tribune printing facility in...
NFLPA Alleges DraftKings Owes it $65 Million in NFT Case
In newly unsealed court documents, the NFL Players Association (NFLPA), the labor union representing the league’s athletes, claimed DraftKings (NASDAQ: DKNG) owes it approximately $65 million stemming from the recent shuttering of the sportsbook operator’s nonfungible tokens (NFTs) marketplace. When news of...
