4505 stories by Todd Shriber
Boyd Overture for Penn Not Surprising, but Deal Unlikely Says Analyst
It’s not surprising that Boyd Gaming (NYSE: BYD) may be mulling a takeover offer for rival Penn Entertainment, but that doesn’t mean a deal will come to fruition. That’s the take of Deutsche Bank analyst Carlo Santarelli, who in a recent report,...
Red Bull in Mix for Las Vegas NBA Franchise
Red Bull GmbH is looking to expand its sports empire and that could reportedly include acquiring a new NBA franchise, potentially in Las Vegas. Unidentified sources close to the matter told Bloomberg that Red Bull is in early talks about buying an...
Penn Brings More Headaches Than Perks to Boyd, Scant ESPN Interest, Say Analysts
Shares of Penn Entertainment (NASDAQ: PENN) were pointed lower late Friday after sell-side analysts revealed diverging views on the likelihood of Boyd Gaming (NYSE: BYD) acquiring the regional casino operator. Speculation about such a marriage had been percolating for weeks and intensified...
Penn Entertainment Pops on Report of $9 Billion Offer by Boyd Gaming
Shares of Penn Entertainment (NASDAQ: PENN) were halted late Thursday and subsequently rallied following a report indicating that Boyd Gaming (NYSE: BYD) may be preparing a takeover bid of more than $9 billion for the regional casino operator. Citing unidentified sources, Reuters...
Full Pull Rolls Out Tractor-Pull Wagering App
Bettors looking for something unique in the world of motorsports may have something to consider with the debut of Full Pull Entertainment’s tractor- and truck-pull betting application. The debut of the Full Pull Picks app provides bettors access to a form of...
Sports Betting Taxes: More Coming, but Not In Illinois Style
Illinois recently passed a graduated tax scheme for online sportsbook companies operating in the state, meaning the largest by revenue will pay significantly more taxes than their smaller counterparts. That tax hike, which goes into effect on July 1, sparked fears of...
FTC Files Petition to Force MGM Resorts to Comply with Cyberattack Demands
Just days after MGM Resorts International (NYSE: MGM) sued the Federal Trade Commission (FTC) in a bid to block the commission’s demands for records pertaining to the 2023 cyberattack that crippled the gaming company, the regulator fired back, filing a petition to...
Wynn Can Self-Fund UAE Casino Resort, Says Analyst
Wynn Resorts (NASDAQ: WYNN) is capable of self-funding its portion of the Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE). Earlier this year, the gaming company, which is a minority investor in the project, forecast expenditures...
Nassau County to Hold Hearing on Sands Casino Lease Transfer
Nassau County and Las Vegas Sands will get another shot to rectify issues surrounding the county’s transfer of lease rights on Nassau Hub to the gaming company later this week at a public hearing conducted by the Nassau County Planning Commission. The...
Florida Ruling Could Be Template for California Sports Betting, Says Analyst
On Monday, the United States Supreme Court declined to hear an appeal challenging Florida’s decision permitting the Seminole Tribe to conduct online sports wagering via computer servers located on tribal land. Not only does the Supreme Court passing on that appeal pave...
