5402 stories by Todd Shriber
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...
DraftKings Best Online Betting Stock to Own into Football Season, Says Analyst
DraftKings (NASDAQ: DKNG) is the best online betting stock to own into football season, according to an analyst that covers the company. In a note to clients today, Macquarie analyst Chad Beynon highlighted the familiar seasonality associated with sports betting equities such...
Circa CEO Stevens Says Las Vegas Should Host First Week of CFP
Circa founder and CEO Derek Stevens believes Las Vegas is one of four cities that should be hosts to the first round of the College Football Playoff (CFP). This is the first year of the expanded 12-team playoff bracket format. Under the...
Gaming and Leisure Properties Bonds Sturdy, Says Research Firm
Debt issued by casino landlord Gaming and Leisure Properties (NASDAQ: GLPI) looks appealing despite a recent spate of new issuance. In a new note to clients, GimmeCredit analyst Kim Noland acknowledged that it’s been a brisk summer for the real estate investment...
BetMGM Nevada Wallet Now Usable in Other States
BetMGM announced Thursday that the digital wallet on its Nevada sports wagering mobile application is now transferrable to other states in which the company books bets. That means bettors that sign up for a BetMGM account in Nevada can use the same...
Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Last week, the Nevada Gaming Control Board (NGCB) said it is...
NFLPA Suit Against DraftKings Could Stem from Defunct NFT Product
The NFL Players Association (NFLPA), the labor union for the league’s athletes, filed suit against DraftKings (NASDAQ: DKNG) and could seek financial damages relating to the recent closure of the gaming company’s nonfungible tokens (NFTs) marketplace. In late July, the online sportsbook...
DraftKings Stock Poised for Football Season Bump, Say Analysts
Sports wagering stocks, including DraftKings (NASDAQ: DKNG), are a relatively young asset class, but youth aside, the group is subject to clear seasonal trends. Those include the start of football season often acting as catalyst. Prosaic as that thesis is and it...
FanDuel Can Extend US Dominance
Leadership in the US online sports betting market is often fluid and varies at the state level, but what isn’t up for debate is that a duopoly comprised of DraftKings (NASDAQ: DKNG) and Flutter Entertainment’s (NYSE: FLUT) FanDuel has formed. Flutter’s second-quarter...
