4505 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...
American Bettors’ Voice Appoints Harry Crane to Board
American Bettors’ Voice (ABV), a wagering advocacy group formed earlier this year, announced Wednesday that Rutgers University professor Dr. Harry Crane joined its advisory board. A graduate of the University of Pennsylvania and the University of Chicago, Crane is well-known in sports...
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%...
Miriam Adelson Contributes $95 Million to Trump PAC
During the third quarter, Dr. Miriam Adelson donated $95 million to a super political action committee (PAC) focusing on former President Donald Trump’s 2024 bid. A Tuesday filing with the Federal Election Commission (FEC) indicates Adelson, the widow of Las Vegas Sands...
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...
Sports Betting M&A to Be Driven by New Products, Tech, Says Expert
Mergers and acquisitions activity in the North American sports betting industry has been brisk this year with operators making buys to add technology and exposure to new arenas. At least one expert believes a similar cadence will play out in 2025 as...
