4507 stories by Todd Shriber
Betsson Latest Sportsbook to Depart US Market
Add Betsson to the rapidly growing list of sportsbook operators abandoning the US market. The Swedish gaming company made the announcement on Wednesday. Betsson had been offering online sports betting in Colorado under the Betsafe brand for two-and-a-half years through a partnership...
Red Rock Has Margin Durability, Says Analyst
Red Rock Resorts (NASDAQ: RRR) has structural tailwinds that bode well for the casino operator’s margin durability -- something at least one analyst believes investors aren’t giving the gaming company enough credit for. In a note to clients on Thursday, Deutsche Bank...
Casino Operators Face Limited Near-Term Debt Maturities
Running casinos is a capital-intensive business, which explains why so many operators carry substantial debt burdens. But the good news is that many of the largest names in the industry aren’t facing significant near-term maturities. In a recent report to clients, Deutsche...
Regulated NFL Bets Could Reach $35B This Year, Says AGA
The 2024 NFL season starts Thursday and when it comes to betting, it’s expected to be a record-breaker. The American Gaming Association (AGA) estimates that bettors will wager $35 billion on NFL games this year with regulated sportsbooks. That’s a 30% jump...
Kambi Refutes Rumor of Potential Takeover by Genius Sports
Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it's engaged in takeover discussions with Genius Sports (NYSE: GENI). Speculation recently surfaced that Genius, a data provider to sportsbooks, was mulling a takeover of Sweden-based Kambi,...
Sphere Production Costs, Scalability Issues Prompt Sell Rating
Citing elevated production costs and issues with expansion, an analyst tagged Sphere Entertainment (NYSE: SPHR) stock with a “sell” rating. In a report to clients issued on Tuesday, Benchmark analyst Mike Hickey hit Sphere with the ominous rating and a $40 price...
Hawk Tuah Girl Hailey Welch Inks Podcast Deal with Betr
Hailey Welch who became a viral sensation as “Hawk Tuah girl,” is wading into the world of sports betting, inking a podcast deal with Jake Paul’s Betr. Miami-based Betr has market access for online sports betting in six states, and has an...
Flutter Entertainment Praised in New Coverage by Morningstar
Flutter Entertainment (NYSE: FLUT) won kudos in new coverage by Morningstar, with the research firm lauding the gaming company’s capital allocation, in-house product development, and risk management assets, among other points. In a note out on Tuesday, analyst Dan Wasiolek initiated coverage...
MGM Resorts Upsizes Debt Sale to $850M
MGM Resorts International (NYSE: MGM) announced that it is increasing the size of a planned corporate bond sale to $850 million from the originally planned offering size of $675 million. The largest operator of casino resorts on the Las Vegas Strip is...
Full House Resorts Sells Fallon, Nev. Casino for $9.2 Million
Full House Resorts (NASDAQ: FLL) said Tuesday it's selling Stockman’s Casino in Fallon, Nev. to Clarity Game LLC for $9.2 million. The deal includes the land, building, and select other operating assets. It’s a two-pronged deal in which the buyer will pay...
