5081 stories by Todd Shriber
Einhorn Boosts Penn Entertainment Stake in Big Way
Hedge fund manager significantly increased stake in casino stock in Q2 Move comes after firm boosted Penn position in Q1 For the second consecutive quarter, David Einhorn’s DME Capital Management increased its stake in regional casino operator Penn Entertainment (NASDAQ: PENN). A...
Zero Edge Founder Kim Facing DOJ Fraud Charges
Internet casino founder allegedly gambled away investors’ money He wagered on Shuffle and lost investors’ cash on various crypto exchanges Richard Kim, the founder of cryptocurrency casino Zero Edge, is facing securities and wire fraud charges brought by the Department of Justice...
Red Rock Bonds Enticing on Las Vegas Casino Strength, Says Research Firm
Red Rock corporate bonds are supported by strength in the Las Vegas locals segment Research firm highlights North Fork management accord as potential catalyst Shares of Red Rock Resorts (NASDAQ: RRR) are higher by nearly 35% year to date, easily good for...
New ETFs Offer Leveraged Bets on DraftKings Stock
New ETFs aims to deliver 200% of the daily returns of DraftKings stock These ETFs could prove popular with risk-tolerant retail traders For traders seeking amplified near-term gains on heavily traded DraftKings (NASDAQ: DKNG) stock, there’s a pair of new exchange-traded funds...
Penn Draws Analyst Praise Following Joliet Casino Debut
Penn hosted Tuesday investor event at its revamped Joliet, Ill. casino Venue was previously a riverboat casino It’s one of Penn’s four major capital projects Penn Entertainment (NASDAQ: PENN) opened the doors to the Hollywood Casino in Joliet, Ill. Monday, ending a...
Novig Raises $18 Million in Series A Funding Round
Five investors participated in capital raise Novig operates a peer-to-peer sports prediction market Novig, the operator of a US peer-to-peer sports prediction market, announced it raised $18 million in a Series A funding round, the latest sign institutional investors are willing to...
Melco Resorts Could Solidify Premium-Mass Share with New Projects
New projects could be catalysts for resurgent stock Research firm sees Melco shares as undervalued Buoyed by a rebound in Macau gross gaming revenue (GGR), shares of Melco Resorts (NASDAQ: MLCO) are higher by almost 51% year to date, but that doesn’t...
Marina Bay Sands Extending Lead Over Resorts World Sentosa
Gap widening between the two Singapore casinos Sands property’s Q2 earnings could exceed rival’s full-year number Singapore has a long-standing casino duopoly comprised of Marina Bay Sands and Genting’s Resorts World Sentosa, but that doesn’t imply the two are on equal footing....
Wynn Stock Can Double Over Five Years, Could Lure Buyer, Says Baron Capital
Fund manager started new position in casino operator Sees Wynn stock valuation as favorable Says company isn’t getting much credit for UAE project Shares of Wynn Resorts (NASDAQ: WYNN) returned an impressive 44.5% over the past year, but some investors believe there’s...
SharpLink Stock Rallies, Sees Ethereum Holdings Topping $3 Billion
Shares surge after company says its Ethereum holdings will exceed $3 billion SharpLink says it reached securities purchase agreements with investors that could fund purchases of the cryptocurrency SharpLink Gaming (NASDAQ: SBET) stock soared Monday after the company told investors it reached...
