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Todd Shriber
5659 stories by Todd Shriber
Tiger Global Initiates Flutter Stake, Einhorn Adds to Penn Position
Despite the stock being down 19.52% year to date, Penn Entertainment (NASDAQ: PENN) was among the positions David Einhorn’s Greenlight Capital added to during the third quarter. A new 13F filing with the Securities and...
Tilman Fertitta Ups Wynn Resorts Stake to Nearly 10%
Shares of Wynn Resorts (NASDAQ: WYNN) soared Thursday after it was revealed Tilman Fertitta boosted his stake in the casino operator to 9.9%. In midday trading, Wynn was almost 9% higher on volume that was...
SL Green Seeking Loan Extension for Site of Proposed Caesars Casino
SL Green (NYSE: SLG), the real estate partner in a proposed effort to bring a casino hotel to Times Square, is looking for an extension on a $743 million loan tied to the New York...
Louisiana Sports Betting Tax Hike Proposal Meets Quick Death
A proposal to raise Louisiana’s sports betting tax to 51% has quickly been scrapped due to pressure from the gaming industry. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22),...
Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward
Shares of Penn Entertainment (NASDAQ: PENN) traded lower today after Bank of America pared its rating on shares of the regional casino operator. In a new report to clients, analyst Shaun Kelley downgraded Penn to...
Flutter Q3 Results Easily Top Wall Street Estimates
Shares of Flutter Entertainment (NYSE: FLUT) rallied in extended trading on Tuesday after the gaming company reported third-quarter results that soundly beat Wall Street forecasts. The FanDuel parent said it earned 43 cents per share...
Genius Sports Soars on Surprise Profit, Upped Outlook
Shares of Genius Sports (NYSE: GENI) surged Tuesday after the company posted a surprise third-quarter profit while upping its 2024 financial guidance. On a day when most gaming stocks succumbed to some profit-taking, shares of...
Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it's selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. OB Global Holdings...
Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House...
Inspired Entertainment Stock Could Inspire More Gains
Relative to other gaming stocks, Inspired Entertainment (NASDAQ: INSE) leads a somewhat nondescript existence, but some analysts believe the shares deserve more acclaim. Toiling in anonymity is often a fact of life for stocks with...
