Areas of Expertise
4024 stories by Todd Shriber
ValueAct Takes $78 Million Stake in FanDuel Parent Flutter Entertainment
ValueAct, a San Francisco-based hedge fund, took a stake in FanDuel parent Flutter Entertainment (NYSE: FLUT) in the first quarter. The money manager bought 495,135 shares of the Dublin-based gaming company valued at $78.18 million in the first three months of the...
Sportradar Could See DraftKings-Like Resurgence, Says Fund Manager
On the back of a strong first-quarter earnings report, Sportradar (NASDAQ: SRAD) surged on Wednesday. Prior to that, shares of the sports betting data provider did a lot of nothing for an extended period of time. One professional money manager believes the...
Gaming and Leisure Paying $105M for Three Nevada, South Dakota Casinos
Gaming and Leisure Properties (NASDAQ: GLPI) said Thursday it's paying $105 million to Strategic Gaming Management, LLC to acquire the property assets of three casinos in Nevada and South Dakota. The properties being purchased by the real estate investment trust (REIT) are...
IAC Boss Diller Lands Full Nevada Gaming License
IAC/InterActiveCorp (NASDAQ: IAC) Chairman Barry Diller earned an unrestricted Nevada gaming license Thursday after the Nevada Gaming Commission (NGC) voted 4-1 in favor of granting him that status. That ends a more than two-year saga in which Diller held a restricted license...
Times Square Casino Meets Stiff Opposition in New Poll
Residents in the neighborhoods around Times Square strongly oppose the area becoming home to a casino hotel. That's according to a new poll by Tulchin Research. The Times Square casino group is led by Caesars, real estate developer SL Green, and Jay-Z’s...
Las Vegas Gaming Pub Battle Could Fray Family Ties
The Las Vegas Valley is home to hundreds of bars, pubs, restaurants, and taverns at which customers can play keno, slots, and video poker. As the owner of more than 70 such venues, Golden Entertainment (NASDAQ: GDEN) is the dominant operator of...
iGaming, Sports Betting Promotions Not Easing, Claims Analyst
It was widely believed that as the iGaming and online sports wagering industries matured and as analysts and investors demanded tighter focuses on profitability, promotional spending would rationalize. One analyst said that while that’s happening, the extent to which promotional expenditures have...
Nassau Community College Won’t Lobby for Sands Casino
Nassau Community College is paying a lobbying firm, but that doesn’t mean the educational institution will push New York lawmakers to approve a gaming license for Las Vegas Sands at Nassau Hub. State lobbying records indicate the junior college hired Shenker Russo &...
Queens Casino Backers Push Ramos to See Things Their Way
Scores of Queens business owners, civic leaders, and residents gathered at State Sen. Jessica Ramos' (D-Queens) office Monday in an effort to push the legislator to support plans for a new casino in the borough. The gaming venue would be part of...
Rick’s Cabaret Parent Could Scrap Colorado Casino Plans
RCI Hospitality Holdings, Inc. (NASDAQ: RICK), the parent company of Rick’s Cabaret and other gentleman’s clubs, could pull the plug on plans for casinos in Colorado. In December 2022, the company acquired a four-story, 30,000-square-foot building at 130 Main Street in Central...