4480 stories by Todd Shriber
Flutter Forecasts Massive FanDuel Revenue Growth, Sees $40.5B US Market
Flutter Entertainment (OTC:PDYPY) said its FanDuel unit could generate annual revenue growth of 4.5x to 5x through 2030 while forecasting a total addressable market in the US of $40.5 billion by that year. The Irish gaming behemoth made the comments at its...
Macau Spending Plan Likely Palatable to Concessionaires, Says Bank
Macau’s retendering process is ongoing, with recent reports suggesting the seven operators bidding for six gaming licenses are comfortable pledging $12.5 billion in expenditures over the next 10 years. A Portuguese media outlet recently reported that the agreement is already in place....
Esports Entertainment Group Closes UK Sites, Analyst Pulls Coverage
Shares of Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company, jumped 11.82% today on volume that was more than 12 times the daily average. That leap came on news the firm is shuttering two of its UK...
Texas Casino, Sports Betting Bill Filed by State Senator
Texas state Sen. Carol Alvarado (D-Houston) is preparing to bring casino gaming and sports betting legislation to the floor during the state’s 2023 legislative session. On Monday, she prefiled Senate Joint Resolution 17, which, if passed, would set the stage for the...
BetMGM Gets an ‘F’ From Better Business Bureau
Since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), regulated sports wagering is more accessible to a larger percentage of the US population than ever before. That also means more room for consumer complaints. Many of...
PlayAGS Tumbles on Apollo Offering, Analysts Question Timing
Shares of PlayAGS (NYSE:AGS) plunged Tuesday. That's after the gaming device manufacturer announced the sale of more than 8.2 million shares held by private equity firm Apollo Global Management (NYSE:APO), prompting sell-side analysts to question the timing of the offering. The stock...
Red Rock Resorts Paying $1 Per Share Special Dividend
Red Rock Resorts (NASDAQ: RRR) announced today it’s paying a one-off dividend of $1 per share to investors. The special payout will be paid on Dec. 9 to shareholders of record as of the close of business Nov. 30. Prior to the...
Penn Entertainment Rallies Amid Activist Investor Chatter
Shares of Penn Entertainment (NASDAQ:PENN) jumped 4.59% today on volume that was nearly double the daily average. The movement came on speculation an activist investor took a stake in the gaming company. That surge, which occurred on volume that was nearly double...
Shubert Organization Voices Opposition to Times Square Casino Plan
The Shubert Organization is the latest powerful Broadway group to criticize plans for a casino in New York’s Times Square. Shubert, the largest theater owner on Broadway, joins the Broadway League in opposing a proposal floated by real estate investment trust (REIT)...
Wynn CEO Craig Billings Applauds Tilman Fertitta Prescient Buy of Casino Stock
Among the recent, eye-catching headlines in the gaming industry is the revelation that Tilman Fertitta’s Fertitta Entertainment now owns 6.1% of the shares outstanding in Wynn Resorts (NASDAQ:WYNN). Wynn CEO Craig Billings applauded the move by his competitor. A Schedule 13G filing...
