4375 stories by Todd Shriber
Barstool’s David Portnoy Lashes Out at Supreme Court Following Roe Decision
Barstool Sports founder David Portnoy laid into the Supreme Court today following the controversial decision to overturn Roe v. Wade, making abortion an issue to be decided at the state level. In a video posted to Twitter earlier today in which he...
Circa Owner Derek Stevens Latest Gaming Exec to Express Inflation Concerns
Downtown Las Vegas casino owner Derek Stevens is the latest gaming executive to sound a warning bell on inflation and a possible recession. In Thursday comments before the Nevada Gaming Commission (NGC) the owner of Circa, the D, the Golden Gate, and...
Bally’s Stock Surges on $190 Million Dutch Auction Plan
On a day of strength for gaming equities, Bally’s (NYSE:BALY) is standing out. That's after the regional casino operator announced a Dutch auction to repurchase up to $190 million worth of its shares outstanding. In midday trading, shares of the Rhode Island-based...
Bally’s Creditors Hire Lawyers to Possibly Block Rhode Island Casinos Real Estate Deal
Bally’s (NYSE:BALY) creditors, led by Fidelity, have hired legal counsel in a bid to potentially block the gaming company’s plans to engage in a $1 billion sale-leaseback of its two Rhode Island casinos. It’s believed holders of $1.9 billion worth of Bally’s...
Fanatics Rumored to Be Discussing Tipico Takeover
Fanatics is reportedly in discussions to purchase German sportsbook operator Tipico -- the latest indication the sports apparel and trading cards giant is moving into sports wagering. Citing a pair of unidentified sources familiar with the matter, CNBC reports Fanatics is holding...
Macau Coronavirus Outbreak Could Have Negative Credit Implications
A resurgence of coronavirus cases in Macau could weigh on the already fragile credit profiles of casino operators, says Moody’s Investors Service. On Tuesday, nine new COVID-19 cases were reported in the world’s largest casino hub -- well above the one-week average...
Kansas Eyes NFL Season for Sports Betting Launch, Governor Says Don’t Bet on Chiefs Move
The recently signed Kansas sports betting legislation goes into effect on July 1, potentially positioning the state to be ready for the start of the 2022 NFL season. Speaking of the NFL, Gov. Laura Kelly (D-KS) says Kansans should not bet on...
Jackpot Lands $35M in Funding, Investors Include NBA Stars Joel Embiid, James Harden
Jackpot, a provider of internet lottery games, said today it closed a $35 million series A funding round that includes some big-name athletes, team owners, and gaming executives. Jackpot plans to launch operations in the US in select states this year, according...
Fanatics Founder Michael Rubin Divests Stakes in Philadelphia 76ers, New Jersey Devils
Fanatics founder Michael Rubin announced today he’s selling his interests in the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils. Rubin is divesting his 10% stake in Harris Blitzer Sports & Entertainment, the company that owns the teams, in a transaction...
Sinclair Nears Debut of Bally Sports+ Streaming Service
Sinclair Broadcast Group (NASDAQ:SBGI) will reportedly soft launch its Bally Sports+ streaming platform in select markets as soon as Thursday. The Sports Business Journal reports the streaming offering will debut in five markets this week, with the goal of rolling it out...
