4480 stories by Todd Shriber
BetMGM Customer Says Access to Winnings Denied, Company Exploited His Habit
Sam Antar is suing BetMGM, claiming the online gaming company denied him access to his winnings while enticing him to remain a customer with bonuses. He claims the company was preying on his compulsive wagering habit in the process. In litigation filed...
Deutsche Bank Bullish on US Sports Wagering Growth
In an expansive 47-page report, Deutsche Bank has sounded an optimistic tone on the state of the US regulated sports wagering market. The report forecast August gross gaming revenue (GGR) of $510 million for domestic sportsbook operators. Assuming it’s accurate, that August figure...
Genius Sports Develops Predictor Game for Indianapolis Colts
Sports betting data provider Genius Sports has developed a new free-to-play predictor game on behalf of the NFL’s Indianapolis Colts. Available on the team’s mobile application, Pick Six is presented by Caesars Sportsbook. A year ago, the Colts named Caesars Entertainment “a...
Gaming CFOs Mostly Upbeat, Strong Dollar Could Pinch Suppliers
Casino industry chief financial officers (CFOs) are mostly optimistic, but a strong dollar could be a drag on other gaming companies, says a sell-side analyst. In a report to clients today, Roth Capital analyst Edward Engel noted recent conversations with financial bosses...
Caesars Palace Adds Fees, Ups Pricing for Seating at its Lounges
Even before the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), it was common for Las Vegas sportsbook to charge customers for seating during football season. But Caesars Palace on the Las Vegas Strip is ratcheting up...
Allwyn Entertainment Scraps SPAC Merger
In another sign of stress in the blank-check landscape, European lottery giant Allwyn Entertainment is scrapping plans to merge with special purpose acquisition company (SPAC) Cohn Robbins Holdings (NYSE: CRHC). The deal, which was announced in January, valued the lottery company at...
Sahara Las Vegas Revamping Rewards Program
Sahara Las Vegas is among the casinos altering its customer loyalty program in a bid to attract and retain more active bettors. The Strip venue announced last Friday it’s altering its Infinity Rewards platform so that participants can earn rewards up to...
Flamingo Sale Bell Tolls with No Answer
It’s widely known that Caesars Entertainment (NASDAQ: CZR) is looking to sell one of its Las Vegas Strip properties -- a transaction many industry observers expected to be announced earlier this year. That news hasn’t hit the wires, and as TheStreet.com reports,...
FanDuel, Rush Street Interactive Boosting Promo as Football Season Intensifies
Tonight’s edition of Monday Night Football marks the end of week three of the NFL season, week five in college football. With the 2022 football campaign heating up, so is promotional spending by sportsbook operators. In a note to clients today, Wells...
Melco, Wynn Lead Macau Stock Rally as China Loosens Travel Restrictions
After nearly three years of punitive travel restrictions that hammered Macau’s casino industry, China is liberalizing travel to the special administrative region (SAR). That's spurring a rally in shares of gaming operators. Among the three Macau operators trading on a major US...
