Flutter Selloff Could Become Buying Opportunity
Flutter holds leading positions in the US and around the world Investment thesis buoyed by strong balance sheet Like other gaming stocks, Flutter Entertainment (NYSE: FLUT) is being hammered in a tariff-induced selloff that’s rocking US equities. That punishment continued Monday with shares of the FanDuel parent closing down by 8.36%, but some analysts remain […]
Gambling Ads: Enough is Enough, Says Majority of New Jersey Voters
Polling shows New Jerseyans are fed up with gambling ads New Jersey has a robust commercial gaming market A majority of state voters would support limiting gambling adverts Gambling advertisements are seemingly everywhere. From highway billboards to commercial breaks and social media, consumers are bombarded with marketing suggesting how easy and fun it is to […]
Bally’s Makes 11th-Hour Bid to Save Star Entertainment
Bally’s offering AU$250 million in financing for embattled Star Regional casino operator believes its bid is superior to Hong Kong investor offer to buy Star Brisbane Bally’s (NYSE: BALY.T) has swooped in with an 11th-hour bid to save ailing Star Entertainment, offering the downtrodden Australian casino operator AU$250 million in financing in exchange for 50.1% […]
Somewhere Over the Rainbow: BetMGM Casino Launches Wizard of Oz Slots
Light & Wonder announces suite of Wizard of Oz branded slot games Top jackpot 1000x bet win BetMGM gets content boost as online casinos in Ontario hits 83% market share Light & Wonder has announced that the company’s popular The Wizard of Oz slots are coming to igaming, with a suite of branded games now […]
Paddy Power Ordered to Pay Out £1.1M Slot Jackpot After Software Glitch
A Paddy Power slot player appeared to hit £1.1M jackpot but was only paid £20K The operator said the game glitched and showed the wrong animation A judge ordered the claimant to be paid in full A UK woman who sued Paddy Power after it refused to pay out a £1.1 million (US$1.4 million) jackpot […]
GGPoker Parent Buys Nick Vertucci’s Stake in Hustler Casino Live
GGPoker in the live stream business NSUS Group, Inc., the owner of GGPoker, has made further inroads into the world of live poker, acquiring part of High Stakes Poker Productions, producer of the hit poker live stream, Hustler Casino Live. In a Wednesday press release, NSUS said that the equity it acquired is that of […]
Evolution Libel Case: Law Firm Asks for Stay in Naming Alleged Defamer
Evolution suing law firm C&K over allegedly libelous report that caused stock to dive Report was produced by an unnamed C&K client, thought to be an Evolution competitor C&K ask for stay in judge’s order to name mystery client A Newark, N.J law firm sued for libel by Swedish online gaming software provider Evolution AB […]
DraftKings, FanDuel to Bear Brunt of New Jersey Online Betting Tax Hikes
Two largest operators would see taxes in the state increase by an estimated $126 million New Jersey hasn’t officially approved governor’s plan to boost iGaming, sports wagering taxes DraftKings and FanDuel, the two largest online sportsbook operators in the US, would bear the brunt of increases should New Jersey approve proposed iGaming and sports betting […]
Flutter Forecasts Up to $300 Million in Q2 Share Repurchases
Part of $5 billion buyback program announced last year Announcement arrives a day after FanDuel parent delivered quarterly results Flutter Entertainment (NYSE: FLUT) said Wednesday it plans to repurchase as much as $300 million worth of its shares in the second quarter under the $5 billion buyback plan it announced last September. The Flutter logo […]
Three-Time Bracelet Winner Frankie O’Dell Banned While Chip Leader Because of Violent Threats
There’s rarely a dull day in the poker world, whether it’s stories of fake kidnappings, RTA scandals, or mid-tournament website malfunctions. chaos unfolded Three-time WSOP bracelet winner Frankie O’Dell is involved in the latest bizarre story. The Omaha Hi-Lo Split specialist was playing at Resorts World Las Vegas in a $400 buy-in HORSE PokerAtlas Tour […]
