4505 stories by Todd Shriber
New York Tough Place for Sportsbook Operators to Turn Profits
With the state’s 51% tax on sports wagering, it’s hard for sportsbook operators to generate profits in New York and that’s one reason gaming companies are increasingly tight-fisted with promotions in the state. In a recent report to clients, Deutsche Bank analyst...
Campaign for Fairer Gambling Says Sportsbook Firms Using ‘Dubious Claims’ in Illinois
Illinois Gov. J.B. Pritzker (D) is pushing to boost the state’s sports betting tax to 35% from 15% to raise needed cash and that’s not to the liking of the gaming industry, which one group says is employing “dubious claims” in a...
Bally’s, Carnival Cruise Team Up on Points Deal
Carnival Cruise Line is the latest cruise operator to partner with a gaming company to appeal to customers’ enthusiasm for loyalty programs. The cruise company said Thursday that Bally’s Rewards members will be able to earn benefits aboard Carnival’s 27 ships. In...
Colorado Voters to Decide on Directing Sports Betting Tax to Water Projects
In November, Colorado voters will decide on lifting the state’s $29 million cap on sports betting taxes that are allocated to water projects. That after Gov. Jared Polis (D) signed into law the bipartisan House Bill 24-1436 (HB 24-1436). Currently, Colorado applies...
Al Sharpton Cautions FTC About FanDuel/DraftKings Duopoly
The Rev. Al Sharpton penned a letter to the Federal Trade Commission (FTC), urging the regulatory agency to examine the potential adverse effects on Black bettors and athletes that could stem from the "gambling duopoly" of DraftKings and FanDuel. In the letter...
Boyd Keeping Eastside Cannery Licenses as Casino Remains Shuttered
Boyd Gaming will maintain licenses for the Eastside Cannery Casino and Hotel for another two years after the Clark County Commission granted related approvals on Tuesday. The commission voted unanimously in favor of granting Boyd a two-year extension on the temporary closure...
FanDuel Off to Fast Start in Washington, DC
In its first month as the lone mobile sports wagering operator in Washington, DC, FanDuel validated the District’s decision to convert to that platform from GambetDC. During its first 30 days of operation in the US capital city, FanDuel’s mobile app and...
Queens Pols Push Ramos to Consider Casino Legislation
Queens politicians and members of the Community Advisory Committee (CAC) are pushing State Sen. Jessica Ramos (D-Queens) to author permitted use legislation that would pave the way for the proposed $8 billion Metropolitan Park plan to be competitive in the New York...
IGT/Everi Merger Could Deliver Vital Scale, Says Analyst
In what remains one of the largest gaming industry transactions to this point in 2024, International Game Technology (NYSE: IGT) announced in February the merger of its global gaming and PlayDigital units with Everi (NYSE: EVRI) in a $6.2 billion transaction. Often,...
Regional Casino Stocks Attractive on Valuation, Says Raymond James
It’s been a rough start to 2024 for regional casino stocks, but some analysts see valuation opportunity in the downtrodden group. In a new report to clients, Raymond James analyst RJ Milligan initiated coverage of Boyd Gaming (NYSE: BYD) and Penn Entertainment...
